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World Banks Issues First Blockchain Bond Raising a $100 Million

The World Bank launched bond-i (blockchain operated new debt instrument), the world’s first bond to be created, allocated, transferred and managed through its life cycle using distributed ledger technology. The two-year bond raised A$110 million, marking the first time that investors have supported the World Bank’s development activities in a …

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World Bank to Assist Government of Georgia in Education Sector Reformation

World Bank Georgia

Georgian Minister of Education Mikheil Batiashvili and Deputy Education Minister Irina Abuladze have discussed key directions of reforms in the education sector at the meeting with World Bank regional director Mercy Tembson. The Education Minister stressed the WB contribution to the development of Georgia and expressed hopes that the World …

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Global Economy to Expand by 3.1 percent in 2018

Despite recent softening, global economic growth will remain robust at 3.1 percent in 2018 before slowing gradually over the next two years, as advanced-economy growth decelerates and the recovery in major commodity-exporting emerging market and developing economies levels off, the World Bank said on Tuesday. “If it can be sustained, …

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2 Million Grant for Startupers – World Bank Project in Georgia

First Deputy Prime Minister, Minister of Economy and Sustainable Development Dimitri Kumsishvili and World Bank Regional Director in the South Caucasus Mercy Tambon participated in the official presentation of the Co-financing grants Program. This program is implemented within the framework of the World Bank’s Project “National Innovations Ecosystem” (GENIE). Its …

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World Bank: Georgia Surpasses Many Countries in terms of Blockchain Technologies

World Bank (WB) is exploring Georgia’s experience in blockchain technology development. WB Chief economist Hans Timmer told BMG that the system makes transactions transparent and this technology simplifies and cheapens transactions. “Georgia genuinely surpasses many countries in this component and that’s why we have selected your country. I am astonished …

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