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China urges World Bank to conduct full probe in issues related to business report (Global Times)

Photo taken on April 17, 2020 shows the World Bank headquarters in Washington, DC, the United States.Photo:Xinhua

Photo taken on April 17, 2020 shows the World Bank headquarters in Washington, DC, the United States.Photo:Xinhua

China’s Foreign Ministry on Friday called on the World Bank to conduct a full investigation into relevant issues to protect both the credibility of its business environment report and reputation of its members, after the World Bank ended its “Doing Business” report citing “data irregularities.”

China urges World Bank to conduct full probe in issues related to business report – Global Times

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Latin America – COVID-19 cost Latin America and the Caribbean 1.5 million jobs. Here’s how to recover them (Carlos Felipe Jaramillo, Joana Silva, World Bank, WEF)

  • Low-skilled workers in Latin America and the Caribbean have been most affected by the pandemic, and it could impact for up to a decade.
  • This is exacerbated by a lack of national assistance and unemployment insurance programs, write two World Bank experts.
  • Understanding the effects of previous crises can help policymakers make informed decisions to reduce the detrimental effects of future shocks.

Road to employment recovery in Latin America and the Caribbean | World Economic Forum (weforum.org)

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(Lebanon/World Bank) World Bank urges Lebanon to ‘help itself so we can help it’ (Al Jazeera)

Lebanon’s annual inflation rate reached a record high and food prices soared by around 400 percent in December, highlighting the dramatic impact on consumers and businesses of the country’s worst financial crisis in decades.

https://www.aljazeera.com/news/2021/4/2/world-bank-urges-lebanon-to-help-itself-so-we-can-help-it

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(Lebanon/World Bank) World Bank approves $246-million emergency aid package for vulnerable Lebanese (The New Arab)

The World Bank Group on Tuesday approved a $246-million aid package to help 786,000 vulnerable Lebanese reeling under the country’s worst economic crisis in decades and the coronavirus pandemic.

https://english.alaraby.co.uk/english/news/2021/1/13/world-bank-approves-246-million-emergency-aid-for-vulnerable-lebanese

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LEBANON – ‘Deliberate depression’: World Bank’s dire warning on Lebanon (Al Jazeera)

Lebanon has been ravaged this year by an economic and financial crisis, the COVID-19 pandemic, and a deadly explosion at the Port of Beirut. Now, economists at the World Bank are warning that things will get much worse for the embattled nation before they get better, threatening the country’s stability.

The bank’s economists see Lebanon’s economy shrinking by a huge 19.2 percent in 2020 and a further 13.2 percent next year, while the country’s debt to GDP ratio is projected to reach a jaw-dropping 194 percent by the end of this year.

https://www.aljazeera.com/economy/2020/12/1/deliberate-depression-world-banks-dire-warning-on-lebanon