The bursting of interrelated credit and property bubbles has caused financial crises in the US and certain European countries, including Cyprus, in recent decades.The epicentre of the global financial ...

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South Africa's National Treasury says the World Bank has granted South Africa a $1.5 billion loan to upgrade transportation ...

Rachel Reeves has found herself in the crosshairs of City chiefs and the Bank of England as she weighs whether to scrap ...

The International Bank for Reconstruction and Development (IBRD) is lowering its equity-to-lending rate by 1 percentage point to 18%, a move that will generate $30 billion in additional financing.

The World Bank has approved a loan of around US$600 million to support the development of 540MW of new solar and wind ...

WASHINGTON (Reuters) -The World Bank voted on Tuesday to change its internal lending guidelines, freeing up $30 billion in additional lending capacity over the next decade to help developing ...

Half of the adults around the world – around 2.5 billion people – don’t use formal financial services, and 75% of poor people are unbanked because of costs, travel distances and burdensome ...

Meanwhile, loans to nonresidents declined by 3.2% to P324.82 billion in February, slightly better than the 3.5% decline in the previous month. Outstanding loans to residents for production activities ...

The World Bank has approved a $1.5 billion loan to support structural reforms aimed at boosting South Africa’s infrastructure.

BANK LENDING grew at its fastest pace in 19 months in July, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed. Outstanding loans of universal and commercial banks rose by 10.4% year ...

Russia's economy, boosted by military activity, is now classified as high-income by the World Bank. Russia's GDP grew 3.6% in 2023, with trade and financial sectors rebounding.