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Tag : World Bank

Business

World Bank predicts 4.8 percent expansion in UAE’s non-oil sector in 2023

admin
The World Bank has released its projection stating that the United Arab Emirates (UAE) is expected to experience a robust growth of 4.8% in its non-oil sector in 2023, contributing to an overall GDP growth of 2.8%. This growth is driven by strong domestic demand, particularly in sectors such as......
News

Global education targets hindered by $97 billion funding gap, UNESCO reports

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A recent UNESCO report has revealed that a $97 billion funding shortfall is standing in the way of countries reaching their 2030 national education targets. The study, titled “Can countries afford their national SDG4 benchmarks?” was prepared by the Global Education Monitoring (GEM) Report of the UN Educational, Scientific and......
Business

US nominates former Mastercard CEO, Ajay Banga, to lead World Bank

Editor
US President Joe Biden nominated former Mastercard CEO Ajay Banga to lead the World Bank, crediting his experience with global challenges such as climate change. David Malpass, a Trump appointee, announced last week that he would step down in June from his role as head of the 189-nation poverty reduction......
Business

Indian economic growth is expected to be 7.4 percent this year and next

Editor
Indian Finance Minister Nirmala Sitharaman said the Indian economy will grow at 7.4 percent this fiscal year and next. International Monetary Fund (IMF) and World Bank projections for India’s growth for the next two fiscal years are in line with Reserve Bank of India (RBI) estimates. Speaking at an event in Mumbai,......
Business

$30 billion aid for Africa will be pledged by Japan at the Tunisia conference

Editor
During a conference in Tunisia this weekend, Japan will pledge $30 billion in aid for African development, the Sankei Shimbun reported on Friday. During the Tokyo International Conference on African Development (TICAD), Prime Minister Fumio Kishida will announce the aid, focusing on the development of human resources and promoting economic......