Global Banking Monitor

Sunday, December 10, 2023

Dollar to Weaken Over Next 2 Years, UniCredit Says

UniCredit Research expects “moderate dollar weakness” over...

Bank of Canada Governor Indicates Potential Cease in Interest Rate Increases

Bank of Canada Governor Tiff Macklem recently...

Tag: world

World Bank: South Africa’s Economy Drains R700bn Every Year Due to Crime

The World Bank's latest economic update has shed light on the profound impact that organized crime has on South Africa's economy. Crime is costing...

World Bank Freezes Liberia’s Access to Undrawn Loan Funds

The World Bank has suspended its access to "unwithdrawn loans" in Liberia after the country defaulted loan repayments by 60 days under the administration...

Bangladesh Clinches $1.1 Billion in World Bank Deals to Propel Economic Growth

Bangladesh and the World Bank have sealed five agreements totaling $1.112 billion to support initiatives that span early childhood development, education, riverbank erosion control,...

GCC Economy Expected to Expand by 3.7% in 2025, Says World Bank

The Gulf Cooperation Council economy is estimated to grow by 3.6 percent in 2024 and 3.7 percent in 2025, according to the World Bank. The...

CEA Highlights Demand for Transparent World Bank Governance Indicators

Raising concerns over the use of World Bank’s Worldwide Governance Indicators in ratings assessment by credit ratings agencies, especially for emerging economies, Chief Economic...

Challenges Faced by Developing World Banking Systems

Accessing money—one of life’s essentials—can be tough in the Third World. Since starting my trip through Africa, as part of a 1.5-year trip through...

Kenya Set to Receive $12 Billion Support from World Bank in Next 3 Years

The World Bank said on Monday that it foresaw $12 billion of support to Kenya over the next three years, potentially a major boost...

World Gold Council Explores the Determinants of Gold’s Price Movement

During periods of turmoil, gold tends to make headlines as fans of the precious metal argue it can act as a safe haven. But...

Global Food Inflation Remains High Across the World

Domestic food price inflation remains high, with Venezuela, Lebanon, Zimbabwe, Argentina and Suriname among the hardest hit countries, according to the World Bank. The most...

Examining the Ripple Effects: How China’s Slower Growth Shapes the World Economy

The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid...

World Bank Chief Shows Strong Optimism on India in Latest G-20 Meeting

Group of 20 finance ministers and central bank governors begin two days of meetings Monday, with participants discussing items including reform of multilateral development...

Global Remittance Growth Expected to Moderate, says World Bank

Remittances to low and middle income countries (LMIC) are expected to grow by 1.4 per cent to reach $656 billion in 2023, following a...

World Bank’s New President Calls for Advancements in Lending Institution

World Bank President Ajay Banga wants to focus on improving the development lender so that he can earn the right to press member states...

Slowdown in Developed World Expected to Impact India’s Remittance Inflows

Growth of remittance flows into India this calendar year is likely to decelerate to 0.2 per cent amid an economic slowdown in Organization for...

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