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IMF estimates inflation to gradually decline to target, though emerging market economies to remain in ‘double-digit territory’

- Price stability ‘still possible’ despite bumps, as global headline inflation is headed to drop, IMF says

22.10.2024 International Organization

World Bank Group provides record $42.6B in climate finance

- Projects include building cyclone shelters, investing in erosion control, reducing methane emissions, fully electric buses

21.09.2024 General

Oil up during week ending Aug. 9 amid weak US employment data, call for Middle East cease-fire

-Rising signals of rate cut from US Federal Reserve trigger price rises

09.08.2024 Oil

Turkish energy ministry and World Bank hold meeting aimed at boosting energy cooperation

- Minister Bayraktar says cooperation with international financial institutions need to be increased to accelerate energy transition

10.07.2024 Electricity Natural Gas Finance Energy Projects

World Bank and Türkiye sign $1 billion renewable financing deal

- Results-based financing program—first of its kind in Türkiye—will disburse World Bank funds as pre-agreed results are reached

17.05.2024 Renewable Finance Projects General

World Bank approves €600 million loan guarantee for Turkish exporters to cut emissions

Project to include loan guarantee to Eximbank to mobilize €1 billion in international private capital through commercial loans of about 10-year tenures, says World Bank

23.02.2024 Finance

World Bank, Türkiye ink $155M loan deal for new green fund

- Türkiye Green Fund to provide green financing to businesses, promote investment in green technologies

13.12.2023 Renewable Finance

World Bank to pledge $750M for electricity transmission project in Türkiye

- World Bank country director for Türkiye describes country's renewable energy plan as 'one of the biggest programs that we have had for renewable installation in the developing world'

05.12.2023 Electricity Renewable

BHP contributes $40 billion to Australian economy in 2023

- BHP's dividends benefit 17 million Australian shareholders, says company's chief financial officer

18.09.2023 Finance World

EU invests 3.7 million euros to support green, circular economy in Lebanon

- Project aims to reduce waste and pollution, promote use of renewable and green energy sources

24.06.2023 Renewable World

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Commodity prices expected to show sharpest drop since pandemic: World Bank

- Food prices anticipated to decline 8%, energy prices projected to fall 26% this year

28.04.2023 General

Oil rises over IMF optimism on economic recovery

- However, API figures show forecast rise of over 377,000 barrels in US crude oil inventories, indicating weak demand

12.04.2023 Oil World

Global economic recovery endures but road getting rocky: IMF

- Gradual recovery remains on track for globe, says agency

12.04.2023 Energy Diplomacy General

3 QUESTIONS - Can Saudi Arabia’s economic growth be sustained?

- Saudi Arabia achieved a significant 8.7% growth in its gross domestic product in 2022, the highest growth rate among all G20 countries

27.03.2023 Oil Middle East-Africa

Russian oil will help Pakistan 'partially,' say experts

- Islamabad says it will start getting oil from Moscow at discounted price from March onwards

27.01.2023 World Eurasia

EU's policy on gas prices 'madness,' says Putin

- Western countries have declared economic war on Russia, says Russian president

15.12.2022 Natural Gas Europe Eurasia

EBRD likely to finance €1.5B in Türkiye this year, eyes more renewable projects

- Bank's fresh commitments in Turkey this year total €1.1 billion and are projected to rise as more projects come online over remainder of year, says bank official

03.11.2022 Finance