Tag: World Bank
Economy 22.10.20 | 14:02

World Bank: Macedonia is coping with its deepest recession ever

Macedonia is coping with its deepest recession in two decades affecting all sectors of the economy and economic activity is forecast to decline by 4.1 percent in 2020, according to the World Bank’s latest Regular Economic Report . The reason for this situation, as the World Bank, says, is the COVID-19...

Macedonia 09.10.20 | 15:06

Worst mortality rate in the Balkans, fiscal reserves spent – World Bank paints a dire picture of Macedonia

The fall World Bank report presented a very serious picture of how Macedonia is handling the coronavirus epidemic, as a country which has by far the worst mortality rate in the Balkans and has spent its fiscal reserves. Macedonia has 302.9 coronavirus deaths per million inhabitants – only Bosnia...

Macedonia 17.09.20 | 14:06

World Bank: In terms of quality of learning, 11 years of schooling in Macedonia is only equivalent to 7.3 years

Young people in the Europe and Central Asia region are being provided with the opportunities needed to grow into productive adults, thanks to continued investments in health and education during their childhood and teenage years, says the latest update of the World Bank’s Human Capital Index (HCI),...

Economy 28.04.20 | 22:19

EUR 50 million World Bank loan for private sector salaries

The Government adopted Tuesday the report on reallocating funds from the World Bank Local Roads Connectivity Project in the amount of EUR 50 million towards co-funding the Government measure for financial support of employers hit by the coronavirus crisis in paying salaries to workers in April and May. The...

Macedonia 07.02.20 | 10:44

World Bank report finds that Macedonians use outdated forms of heating which badly damage the environment

A World Bank report finds that the energy sector in Macedonia is badly outdated, with costly electricity imports, damaging to the forests and causing high levels of air pollution. The report notes that only 9 percent of all households use central heating – all of them in the capital Skopje. Some...

Economy 11.03.19 | 12:01

WB Executive Director Davidse visits Macedonia

The Executive Director of the World Bank Koen Davidse pays an official visit to Macedonia on March 11-12. Minister of Finance Dragan Tevdovski will be his host, and several high-level meetings are planned. “During the visit, Davidse will meet with Prime Minister Zoran Zaev, Deputy Prime Minister...

Economy 12.02.19 | 09:43

World Bank suggests that Macedonia extends the retirement age in order to save its pension system

World Bank calls on Macedonia to increase the retirement age, warning that without reforms the pension system will continue to be unsustainable. According to a WB report, the system is also not fair enough, and a strong policy reform push would stabilize the PIOM fund and make it more fair. The Bank...

Economy 09.01.19 | 17:22

World Bank pours cold water on Zaev’s economic growth hopes

The latest World Bank report on “Global Economic Perspectives” finds that Macedonia will fall far short of the rosy growth expectations pushed forward by Prime Minister Zoran Zaev, who said that we’ll grow by 5 percent, “God willing”. But, according to the WB report, Macedonia...

World 08.01.19 | 09:20

World Bank’s Kim abruptly resigns to join infrastructure firm

World Bank Group President Jim Yong Kim unexpectedly resigned on Monday, more than three years before his term ends in 2022, amid differences with the Trump administration over climate change and the need for more development resources, Reuters reports. Kim, appointed twice by former U.S. President Barack...