Tag Archives: World bank

SMEs require a banking relationship, even in this digital age (BT)

The World Bank estimates that small businesses constitute 90 percent of all businesses worldwide. In sub-Saharan Africa alone there are 44 million small businesses, with small and medium-sized enterprises (SMEs) accounting for 60 percent of jobs. In South Africa there are approximately 3.2 million SMEs, which make them the backbone of the economy with a […]
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World Bank country classifications by income level for 2024-2025 (WB)

The World Bank Group assigns the world’s economies[1] to four income groups: low, lower-middle, upper-middle, and high. The classifications are updated each year on July 1, based on the GNI per capita of the previous calendar year. GNI measures are expressed in United States dollars[2] using conversion factors derived according to the Atlas method, which in its current […]
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Development funds dash for donor cash at World Bank and IMF meetings (FT)

Policymakers at the World Bank and IMF spring meetings this week will grapple over more funds for debt-strapped nations and development goals as global crises stretch aid budgets. The International Development Association, the World Bank’s $200bn lending arm to the world’s poorest countries, is leading a wave of fundraising this year for “replenishment” of the […]
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