Ukraine Set to Receive $1.9 Billion Investment Boost from World Bank
The International Finance Corporation (IFC), a financial division of the World Bank, intends to invest 1.9 billion USD in projects in Ukraine over the next 18 months
The world economy is still in a precarious position despite signs of recovery.
World Bank President, Robert Zoellick, states so in Chile prior to a meeting on the global economy with Latin American finance ministers on Friday.
Unemployment is still rising and trade restrictions are a constant threat, he said.
"The recovery will not be as quick as one would hope. The world economy still faces significant uncertainties. What is clear at this point in the crisis is that there is not enough public capital to deal with all the problems. One of our challenges is how we re-engage the public sector. This is the moment for the World Bank to step up and help", he told news media after meeting with Chilean President, Michelle Bachelet.
Zoellick said that the financial needs of developing countries "remain very large," from USD 350 B to USD 635 B. Latin America alone needs USD 150 B to USD 180 B.
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Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
February witnessed a surge in remittances from Bulgarians residing abroad, reaching a remarkable EUR 110.5 million, marking the highest value since last July
Amidst financial fluctuations and strategic fiscal decisions, Bulgaria's Minister of Finance, Lyudmila Petkova, unveils the nation's robust fiscal reserve, standing tall at BGN 10.9 billion as of April 18th
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
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