World Bank

The World Bank has announced that it won’t provide any assistance to El Salvador in implementing bitcoin as a currency. RT’s Boom Bust digs into the reasons why.

The World Bank, which has in recent weeks been raising its outlook for Russia, said on Tuesday it expects a steady recovery of the nation’s economy this year and in 2022.

The World Bank has improved its economic outlook for Russia, predicting that the country’s GDP will grow 3.2% in 2021. In March, the bank’s analysts had put Russian economic growth at 2.6% this year.

The World Bank has raised its outlook for the Russian economy. Despite existing sanctions and pandemic-linked risks, it expects the country’s gross domestic product (GDP) to grow by around 3%.

Millions of dollars in World Bank funding for Lebanon's Covid-19 vaccine rollout could be halted due to alleged queue-jumping for the jab by the country's MPs, the financial institution's regional director said on Tuesday.

The growth of China’s gross domestic product (GDP) will accelerate to 7.9 percent next year from the two percent in 2020, according to a report by the World Bank published on Wednesday.