World Bank group

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has mobilized a $3.6 billion investment package for Türkiye, in the fiscal year from July 2023 to June 2024.

BELGRADE - National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic and Serbian Deputy PM and Finance Minister Sinisa Mali will attend the annual meetings of the IMF Board of Governors and the World Bank Group, to be held in Washington from October 21 through 26, the central bank has announced.

The delegation is led by Tabakovic, who is also Serbia's governor to the IMF.

International Finance Corporation, a member of the World Bank Group, has announced an investment of $6 million in Midas, a leading digital brokerage company in Türkiye, "to accelerate digitalization in the country's brokerage industry and strengthen its competitiveness."

Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook, signaling confidence in the country's economic trajectory.

Greece was the pleasant surprise of the European economy that was often mentioned at the Spring Meetings of the International Monetary Fund (IMF) and World Bank Group (WBG), National Economy and Finance Minister Kostis Hatzidakis said on wrapping up his visit to Washington.

The World Bank is planning to give Egypt more than $6 billion in financial assistance over the next three years to help it meet its development priorities, the Washington-based lender has announced 

"Over the coming three years, the World Bank Group intends to provide more than $6 billion of support to Egypt," the development lender said in a statement.

During their official visit to the United States, Bulgarian Ministers Bogdan Bogdanov and Asen Vassilev extended a warm invitation to American companies to invest in Bulgaria, particularly in high-tech industries.

Cryptocurrency-based financial services company Nexo has filed a case against Bulgaria in an international arbitration court in the USA, according to investigative website "Bird.bg" This move comes after the Bulgarian prosecutor's office dropped its investigation into Nexo, citing insufficient evidence of a crime.

The Japan International Cooperation Agency (JICA) is providing loans of up to 20 billion yen ($139 million) to support micro, small and medium-sized enterprises that were affected by the February earthquakes.

The loan agreement was signed between JICA and the Small and Medium Enterprises Development Organization of Türkiye (KOSGEB) in the capital Ankara.

The International Finance Corporation (IFC) has announced a financing package of up to $530 million to support thousands of micro and smaller businesses in Turkish provinces devastated by February earthquakes and boost recovery efforts.