Tag Archives: World Bank

US Treasury Secretary says IMF and World Bank need reform

Muhamad Yehia.. Cairo Treasury Secretary Scott Bessent said the institutions “serve critical roles in the international system. And the Trump administration is eager to work with them — so long as they can stay true to their missions.” The US Treasury Secretary Scott Bessent levelled harsh criticism at the operations …

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World Bank cuts 2024 growth forecast for Sub-Saharan Africa over Sudan

 Muhamad Yehia .. Sudan The World Bank has lowered its prediction for sub-Saharan Africa’s economic growth this year to 3%, down from 3.4%. The main reason for this drop is the civil war in Sudan, which has badly hurt the country’s economy. However, the region is still expected to grow …

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