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Russia Remains 4th In World Bank Rankings of GDP By PPP

By Rhod Mackenzie
According to the World Bank's latest rankings, the Russian Federation holds fourth position among the world's largest economies in terms of purchasing power parity. It should be noted that only China, the United States, and India are ahead. Japan and Germany are not performing as...

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Russia now a high income country according to World Bank

The World Bank (WB) has recently classified Russia as a high-income country. The document has been published on the WB website. In addition to Russia, Bulgaria and Palau have been included in this category.
According to World Bank criteria High-income countries are states where the gross income ind...

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Reform IMF, WB to Reflect Interests of Global South, BRICS Has Role: Guterres

The international financial and development institutions should be reformed to reflect the interests of the Global South, Secretary-General Antonio Guterres has said.While the BRICS can play an important and complementary role for developing nations, he stressed that it should not contribute to a fr...

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