World Bank

  • The global economy is entering a phase of “pronounced slowdown”, the World Bank warned on Tuesday, as the Omicron variant of the coronavirus, and the triple blow of soaring inflation, high government debt levels and rising income inequality threaten recoveries in emerging and developing economies.

  • Head of the Organization for investment Economic and Technical Assistance of Iran said despite US and the Zionist lobby opposition, the World Bank has approved granting $90 million worth of loan to Iran to fight COVID-19 pandemic.

  • Oil prices will edge up to $56 a barrel next year from this year’s $53 a barrel level on rising demand, continued production cuts from producers and stabilizing US shale output, the World Bank said.

  • The World Bank, in its latest “Iran’s Economic Outlook” report, sees stronger growth in 2018-19 as investment growth turns positive and accelerates along with more political and economic stability, following the reelection of President Hassan Rouhani for a second four-year term in May 2017.

  • The Islamic Republic of Iran made exporting and importing easier by expanding the services offered by the national single window, said the World Bank in its Doing Business 2017 report for the Middle East and North Africa, acknowledging the fact that the country has taken strides to improve its status when it comes to "trading across borders".

  • The World Bank has in its latest report put Iran's foreign debt in 2015 at $6.322, down almost 64 percent compared to the figure in 2011, when sanctions were issued against Iran.

  • Iran has gained access to its $30 billion in frozen assets following the implementation of the Joint Comprehensive Plan of Action (JCPOA) January 16, World Bank announced.

  • The growth of Iran's GDP is projected at 4.7 percent in 2018, a World Bank report forecasted.