Tag: World Bank
China’s 2022 foreign trade at record-high US$6.3T
Annual foreign trade value at record high again in 2022, as China works to better coordinate epidemic response with economic and social development...
WB lowers growth forecast for Asia due to China slowdown
Growth forecast for China cut sharply to 2.8% this year, rising to 4.5% in 2023
Vietnam, with forecast growth of 7.2% this year,...
Multilateral agency heads urge action on global food security crisis
Leaders of FAO, IMF, WB, WFP and WTO cry for urgent action to address food security crisis saying...
World Bank cuts global growth forecast to 2.9% this year
Global economy forecast to drop to 29% in 2022 from 5.7% last yearWorld Bank warns prolonged weak growth, high inflation ups stagflation...
ICC urges World Bank, IMF to help avoid unintended effects of...
International Chamber of Commerce Secretary General John Denton asked leaders of the International Monetary Fund and World Bank to “urgently consider making...
China’s economic growth seen to slow in 2022—World Bank
China’s real GDP growth is seen to reach 8.0% in 2021 before moderating to 5.1% in 2022After expanding 12.7% year-on-year in the...
ICC joins call for emergency debt relief for developing countries
The International Chamber of Commerce (ICC) is urging finance ministers to use this week’s Spring Meetings of the World Bank Group (WBG)...
Highly trained customs workforce key to trade reform success—WB
Educating customs officials and customs brokers through regular training is positively associated with lower border and documentary compliance times, according to a recent case...
East Asia adopts 45 reforms to improve ease of doing business
Business reforms continued at speed in East Asia and Pacific, with regional economies adopting 45 reforms during the past year, bringing to 371 the...
WB designing $200M modernization plan for PH customs
The World Bank (WB) is preparing a project that aims to support the Philippine Bureau of Customs (BOC) in enhancing its efficiency, effectiveness and...
