Skip to content

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:
 

World Bank lending surges to financial crisis levels in 2015

by ChemOrbis Editorial Team - content@chemorbis.com
  • 12/04/2016 (13:11)
The World Bank stated that the bank’s lending to developing countries in 2015 surged to the highest level seen since the financial crisis in 2008-2009, according to media reports. The financial difficulties encountered by developing countries were attributed to steep declines in oil and other commodity prices as well as the persistently slowing Chinese economy.
;
According to a statement by the World Bank, lending to emerging-market and low income economies reached $42.4 billion, up from $40.8 billion in 2014.

Meanwhile, the World Bank recently lowered its economic growth forecasts for the East Asia and Pacific region to 6.3% for 2016 and 6.2% for 2017 from 6.4% and 6.3% due to volatile financial markets.
Free Trial
Member Login