World Bank maintains East Asia growth at 7.1%

However, the 7.1 percent forecast growth rate for this year represents a slowdown from an average growth rate of 8.0 percent from 2009 to 2013.

World Bank: Singapore, Hong Kong best for business

The Southeast Asian entrecotes and finance centres topped the survey for the eighth straight year, with New Zealand, the United States and Denmark rounding out the top five, as a year ago.

New World Bank strategy to focus on 'what works'

The new strategy has been designed to better execute a bold plan to end extreme poverty by 2030 and promote shared prosperity endorsed by the World Bank Group's member countries six months ago.

World Bank Group announces reforms to meet goals

"That's changing. We are taking our own medicine. Just as we tell finance ministers, we also need to plan for the longer term, shore up our revenue base, seeking ways to save, and building a stronger foundation for years to come," said Kim.

World Bank approves funding for Myanmar power project

The funding comes from the International Development Association (IDA), the WBG's fund for the poorest developing countries, Xinhua reported.

World Bank delivers $53 bn to developing countries

The Bank's political risk insurance arm, the Multilateral Investment Guarantee Agency (MIGA), issued USD 2.8 billion in guarantees, another record high.