Countries seeking credits from World Bank at crisis levels

World Bank Group headquarters building in Washington DC, USA.
The World Bank says developing countries are increasingly seeking credit from the international financial institution at an alarming scale.
Demands for World Bank loans have reached levels not seen outside of financial crises as developing countries struggle with a weak global economy, said the monetary organization prior to its biannual meeting in Washington later this week.
The bank said it expected to lend more than $150bn (£105bn) in the four years from 2013 – a period when global economic activity repeatedly failed to match expectations, according to the Guardian.
It said it was increasing its

Aggregated News

Aggregated news from around the world, brought to you in a single source for convenience. These snippets of news include a link to the full article. Please peruse our other editorial and original content, as well. 

Leave a Reply