Tag: World Bank

We know who will replace Jacek Kurski at the World Bank

We know who will replace Jacek Kurski at the World Bank

Mariusz Krukowski will be Poland’s new representative to the World Bank, replacing Jacek Kurski. Krukowski is a long-time civil servant and diplomat, and is currently chief adviser at the European Investment Bank in Luxembourg. His appointment in Washington has already been signed by Finance Minister Andrzej Domański. Business Insider Polska writes about his promotion. “The […]

Kurski loses his position. The Minister of Finance confirms: I have received the letter

Kurski loses his position. The Minister of Finance confirms: I have received the letter

Finance Minister Andrzej Domański said that the World Bank has confirmed the end of cooperation with Jacek Kurski and Kacper Jakub Kamiński. The former head of Polish television, Jacek Kurski, represented Poland at the World Bank for almost a year. He was appointed to this position by the President of the National Bank of Poland, […]

The West has cut funding for Ukraine to its lowest level in six months

The West has cut funding for Ukraine to its lowest level in six months

In November, Western countries supplemented the Ukrainian budget with $2 billion. This is the least in six months. Ukraine’s top donors last month included the European Union, which provided $1.6 billion, the United Kingdom, which provided $400 million through the World Bank mechanism, and the World Bank itself, which provided just $5 million . This […]

$100 million for Ukraine from the World Bank

$100 million for Ukraine from the World Bank

Ukraine received $100 million from the World Bank as part of Britain’s guarantees. “These funds are part of the fifth additional financing of the project Public Expenditures for the Sustainability of Administrative Capacity in Ukraine (PEACE in Ukraine),” says the Ministry of Finance of Ukraine. As we read, “the funds will be allocated for a […]

The World Bank suspends loan payments to Uganda. Because of the new law

The World Bank suspends loan payments to Uganda. Because of the new law

The World Bank has suspended disbursement of further loans to this African country. The reason is the approval by the Ugandan parliament and the signing of the anti-homosexuality law by the president. It entered into force on May 30 this year. and is considered the most restrictive in the world. The death penalty is imposed […]

World economy will grow by 2.1% in 2023: World Bank

World economy will grow by 2.1% in 2023: World Bank

However, “the recent tensions in the banking sector will credit terms and this will result in a substantial slowdown in growth in the second half of this year,” says the World Bank. Thus, for 2023 as a whole, global activity is expected to slow down, with a pronounced slowdown in developed economies, which will grow […]

Multilateral banking is the key to public finance: Ministry of Finance

Multilateral banking is the key to public finance: Ministry of Finance

Finance Minister José Antonio Ocampo assured that multilateral banks are key to financing governments, especially in middle-income countries. In the context of the spring meetings of the International Monetary Fund (IMF) and the World Bank, Ocampo participated in the panel: Accelerating development in an time of global crises. “We need bigger multilateral development banks. They […]

World Bank President David Malpass announces he is stepping down

World Bank President David Malpass announces he is stepping down

World Bank (WB) President David Malpass on Wednesday notified the organization’s Board of Directors of his intention to step down from office before June 30. “This afternoon I met with the Board of Directors of the World Bank Group and informed them of my intention to leave on June 30 of this fiscal year. It […]

World Bank predicts Colombia will grow 7.1% by 2022

World Bank predicts Colombia will grow 7.1% by 2022

The World Bank Colombia is expected to close this year with one of the highest growth rates in Latin America at 7.1%, but a slowdown is expected before 2023, so growth would be 2.1%. The international organization presented a report with the economic outlook for Latin America and the Caribbean, showing that the countries have […]

World Bank will support labor and pension reform processes

World Bank will support labor and pension reform processes

The World Bank expressed its unreserved support for the labor and pension reform processes to be presented in the country next year. This was stated by the Minister of Labor, Gloria Inés Ramírez, who met with the director of the World Bank for Latin America, Peter Siegenthaler, and other directors. “One of the priorities of […]