world bank

The World Bank’s board will review the plan during the week of July 20, although no formal vote is needed, one of the sources said.

Abu Dhabi has been selected to host the 2029 IMF and World Bank annual meetings, underscoring the UAE’s growing global financial influence and commitment to international economic cooperation

Growth in the GCC is now projected to fall to 1.3 per cent in 2026 from 4.4 per cent in 2025, a downward revision of 3.1 percentage points

Iran’s economy was expected to contract 1.7 per cent this year and shrink 2.8 per cent next year

The report warns that sluggish growth will hinder developing economies in their efforts to create jobs, reduce extreme poverty, and close per capita income gaps with advanced economies