South Asia holds on to its top spot as the world’s fastest growing region, with growth set to step up to 7.0 percent in 2019, then 7.1 percent in 2020 and 2021, but the region needs to increase its exports to sustain its high growth and reach its full economic potential, says the World Bank in its twice-a-year regional economic update. Read More »

Greater investments in people’s health and education are urgent in a rapidly evolving labor market increasingly shaped by technology, according to the World Development Report 2019: The Changing Nature of Work. Read More »

If trade barriers are overcome, trade within South Asia can increase three-fold, from $23 billion to $67 billion, suggests a new World Bank report. Read More »

World Bank Group has released a report that says supporting the greater financial system in Tanzania is crucial for the growth of the country's businesses and access to credit. Read More »

In the World Bank's most recent macroeconomic report on Ukraine, released on Wednesday, it said financial and structural reforms will be imperative as the nation tries to recover from its struggles with Russia. The World Bank predicts that the country's gross domestic product will decrease by 7.5 percent in 2015, compared with 2014's 6.8 percent decline. Read More »

The Credit Information Bureau of Tajikistan (CIBT), the nation's first credit bureau, has helped strengthen the nation's financial infrastructure and nurture development efforts in the private sector by helping small and medium-size enterprises secure financing, the World Bank said on Tuesday.  Read More »

The World Bank Board of Executive Directors announced the approval of a $30 million loan to Armenian communities through the Social Investment and Local Development Project. The project aims to improve social infrastructure with renovations and restructuring, specifically in rural areas. Read More »

A World Bank three-day workshop on natural capital accounting (NCA) began on Monday. The workshop brings together experts from 12 nations to discuss tools that would allow countries to better manage and enhance the overall use of assets. Read More »

The World Bank announced on Wednesday that it would be supporting the Serving People, Improving Health Project to help implement health infrastructure improvements and reforms. The bank's Board of Executive Directors approved a loan of $214.73 million. Read More »

The World Bank announced on Monday that its Board of Executive Directors approved a $40 million loan to facilitate competitiveness for small and medium-sized enterprises (SME) in Kazakhstan. According to the bank lacking skills in management and market linking are major obstacles that the country's private sector faces. Read More »

Energy Efficiency Project in Armenia has provided cost savings of approximately $360 million so far. Read More »

Zura Tegerashvili was invited to the World Bank office in Tbilisi after his short film "It's Easy if You Try" was submitted into the Action4Climate contest, for which he was awarded third place on Feb. 19. Read More »

The World Bank announced on Wednesday that its Board of Executive Directors has approved $45 million in funding to the Central Asia Road Links Program in Tajikistan. Read More »

In a report from the World Bank on Wednesday they highlighted weaknesses in the current heating infrastructure in the country and suggested policy and investment measures to address this shortfall. Read More »

The World Bank will provide a $195 million loan to the Pap-Angren Railway Project in Uzbekistan, they announced on Friday. Read More »

The World Bank agreed on Thursday to provide Ukraine with up to $2 billion in support to reform the nation's financial system. Read More »

Uzbekistan officials are seeking to become an upper-middle income country by 2030 according to a report from the World Bank on Monday. Read More »

The Board of Executive Directors of the World Bank have approved $24 million to support development projects in the Republic of Kyrgyzstan, it will also help to support reformatory measures in the country. Read More »

The World Bank released the Russian Monthly Economic Developments report for Jan. 2015, indicating further growth restriction and rising inflation. Read More »

The World Bank has disbursed a $75 million loan to the Republic of Armenia to fund the implementation of reforms to help its macroeconomic climate on Tuesday. Read More »