IMF/World Bank Annual Meetings in Morocco postponed until 2022

The FINANCIAL — The Kingdom of Morocco, the World Bank Group and the International Monetary Fund (IMF) announced today that the planned World Bank Group-IMF Annual Meetings scheduled to take place in Marrakesh, Morocco, in October 2021 will be postponed by 12 months…

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World Bank sanctions 2 Chinese engineering companies for 18 months

The FINANCIAL — The World Bank Group today announced the 18-month sanctions of China National Electric Engineering Company Limited (“CNEEC”) and its wholly owned subsidiary, China Electric Design and Research Institute Company Limited (“CEDRI”), both international engineering companies, in connection with fraudulent…

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ICC and its partners to launch “Private Sector for Refugees” web portal

The FINANCIAL — The International Chamber of Commerce (ICC) has launched the Private Sector for Refugees (PS4R) web portal to showcase public-private sector collaborations that integrate refugees into the global economy. In collaboration with the European Investment Bank, Danish Industri, the World…

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Vietnam signed deal with World Bank to cut carbon emissions

The FINANCIAL — Vietnam’s Ministry of Agriculture and Rural Development signed a landmark agreement today with the World Bank’s Forest Carbon Partnership Facility (FCPF), unlocking up to US$51.5 million for Vietnam’s efforts to reduce carbon emissions from deforestation and forest degradation between now and…

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