World bank

The Philippines has borrowed more than $7.5 billion (P400 billion) from the World Bank to fund mainly the government’s pandemic response, according to the Department of Finance.

The #WorldBank announced that it will sell the first-ever digital finance bond which will be issued entirely using #blockchain technology.

The World Bank approved $600 million of the International Development Association (IDA) financing to help strengthen the capacity and performance of local urban governments in Ethiopia.

Understand what IMF, WTO, and the World Bank are, how they differ, and why some people question their motives.

The bond will be the first in the world to be created, allocated, transferred and managed with blockchain technology, the World Bank said.

The International Monetary Fund on Tuesday called on the Group of 20 major economies to work together to preserve the benefits of trade and avoid protectionism, while also urging them to reduce external imbalances and halt policies that distort global trade.

With 189 member countries, the World Bank Group is a unique global partnership fighting poverty worldwide through sustainable solutions.

Giving money directly to poor people works surprisingly well. But it cannot deal with the deeper causes of poverty

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