#world bank

IMF, World Bank urge more Covid-19 vaccination doses for poor countries

IMF, World Bank urge more Covid-19 vaccination doses for poor countries

Urgent action needed to vaccinate at least 40pct of the people.

World Bank revises down M'sia' GDP growth to 4.5 pct

World Bank revises down M'sia' GDP growth to 4.5 pct

This comes amid a dramatic resurgence of Covid-19 infections.

Be a strong voice for global vaccine equity, KJ urges World Bank

Be a strong voice for global vaccine equity, KJ urges World Bank

The minister describes the hoarding of vaccines by industrialised countries as immoral.

COMMENT | Developing countries desperately need Covid-19 financing

COMMENT | Developing countries desperately need Covid-19 financing

Developing countries need US$50bil to fight Covid, which can bring about US$9trn in economic benefits.
COMMENT | Will a rising tide lift all boats in Malaysia?

COMMENT | Will a rising tide lift all boats in Malaysia?

Over the past 30 years, only 33 countries have made the transition to high-income status.
COMMENT | IMF, World Bank must support developing countries’ recovery

COMMENT | IMF, World Bank must support developing countries’ recovery

The Covid-19 pandemic has pushed hundreds of millions into extreme poverty and hunger.
Services sector reform crucial for Malaysia - World Bank

Services sector reform crucial for Malaysia - World Bank

Some restrictions imposed by the authorities need to be reviewed to attract more trade and investment, it says.

COMMENT | Does World Bank report tell us what we need to do?

COMMENT | Does World Bank report tell us what we need to do?

We need a firm sense of direction, a national narrative that drives our aspirations.

Malaysia's investment slump shows need for structural reforms - World Bank

Malaysia's investment slump shows need for structural reforms - World Bank

It says there is uncertainty about Malaysia's vision and what it can offer investors compared to regional peers.

M'sia shares digital economy experience with global counterparts

M'sia shares digital economy experience with global counterparts

Panel saw government participants from Ethiopia, Republic of Cote d'Ivoire, and the Philippines.

M'sia needs a relook at retirement age - World Bank

M'sia needs a relook at retirement age - World Bank

Country has become ageing society with 7pct or more of population aged 65 and above, says Firas Raad.

World Bank lowers Malaysia's 2020 growth forecast to -4.9 pct

World Bank lowers Malaysia's 2020 growth forecast to -4.9 pct

This following a sharper than expected contraction in the second quarter of 2020.

World Bank welcomes Malaysia's poverty line revision

World Bank welcomes Malaysia's poverty line revision

Analysis for the revision was done in 2019 and needs updating due to the pandemic, says an economist.

Next World Bank, IMF meetings to be virtual - World Bank chief

Next World Bank, IMF meetings to be virtual - World Bank chief

The decision to meet virtually, rather than in person in Washington, is widely expected given rising infections in the US and continuing travel restrictions.
EPF: M'sia needs new 'social contract' on financial security

EPF: M'sia needs new 'social contract' on financial security

The fund's CSO says this while discussing the World Bank's proposed social pension for Malaysians

M'sian economy to contract 3.1 pct in 2020, grow 6.9 pct in 2021 - World Bank

M'sian economy to contract 3.1 pct in 2020, grow 6.9 pct in 2021 - World Bank

The international financial institution advises the gov't to do more to help needy citizens in the wake of Covid-19.

World Bank: Govt may need to spend more on Prihatin, Penjana

World Bank: Govt may need to spend more on Prihatin, Penjana

This is to protect vulnerable households and ensure SMEs are sustainable, it says.

World Bank expects Covid-19 to have large impact on M'sia's GDP

World Bank expects Covid-19 to have large impact on M'sia's GDP

Ample initiatives are needed to help SMEs cope with supply chain disruptions, says its senior economist Smita Kuriakose.

Covid-19 cases and deaths rising, debt relief needed for poorest nations - WHO

Covid-19 cases and deaths rising, debt relief needed for poorest nations - WHO

CORONAVIRUS | WHO's call to help developing countries cope with the pandemic was backed by the World Bank and IMF.

World Bank predicts -0.1pct GDP growth for M'sia in 2020

World Bank predicts -0.1pct GDP growth for M'sia in 2020

The rest of the year is going to be a rough ride for the country, which has tight finances, political risks and impending job losses.

World Bank announces up to US$12b in immediate funds for coronavirus

World Bank announces up to US$12b in immediate funds for coronavirus

Its president says 'much more' aid might be required as WHO warns of a global shortage of protective equipment.

World Bank's findings warrant urgent action from gov't, notes Anwar

World Bank's findings warrant urgent action from gov't, notes Anwar

He says government must ensure funds are directed towards and ultimately reach their intended recipients.

World Bank: Affluent Malaysians taking advantage of gov't housing policies

World Bank: Affluent Malaysians taking advantage of gov't housing policies

Housing in Malaysia is 'severely unaffordable' and those who can afford it are messing with the market

40pct of millennials spend beyond means: World Bank

40pct of millennials spend beyond means: World Bank

Report also shows group hit by salary stagnation.