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World Bank Economist: Korea should adopt ‘Time Banks’ to support aging society. (Photo by Chung Sung Jun/Getty Images)

Jan 04, 2016 AM EST - Jean Marie Abellana

South Korea Should Adopt ‘Time Banks’ To Support Aging Society, World Bank Economist Says

Philip O'Keefee, aneconomist at the World Bank, suggested that South Korea needs to embrace "Time Banks" to increase the number of volunteers that are helping the country's senior citizens in dealing with their loneliness and poverty.

Latest World Bank projections revealed global extreme poverty to fall below 10 percent in 2015. (Photo by Alex Wong / Getty Images)

Nov 15, 2015 AM EST - Diana Tomale

World Bank Projections Reveal Extreme Poverty To Fall Below 10 Percent Of The World's Population In 2015

Latest World Bank projections revealed global extreme poverty is expected to fall below 10 percent of the world's population in 2015.

Business men shaking hands | By: Tim Robberts

Nov 10, 2015 PM EST - Czarelli Tuason

World Bank Ranks Korea Fourth Among Best Countries To Do Business

Local entrepreneurs puzzled by World Bank's "Doing Business" report that put South Korea fourth in rank of the best countries to do business.

Syrian refugee children in Jordan.  (Photo by Jordan Pix/Getty Images)

Oct 29, 2015 PM EDT - Czarelli Tuason

World Bank Officials Call On Shareholders To Give Financial Support To Syria’s Neighboring Countries

Over four million displaced Syrians are looking for resettlement in their neighboring countries and World Bank officials are aiming to provide assistance by compensating for the expenses incurred by countries hosting refugees and immigrants.

Mass migration to developing countries could help in the global economic growth, according to a report by World Bank and International Monetary Fund. (Photo by Milos Bicanski / Getty Images News)

Oct 26, 2015 PM EDT - Diana Tomale

Migration Influx To Developing Countries Could Be A Major Factor Towards Global Economic Growth

A new major study produced by World Bank and International Monetary Fund reveals that the influx of migrants to developing countries could have good effects on the development of global economy.

(Photo by: Chip Somodevilla / Getty Images News) The U.S. Federal Reserve will have a two-day policy meeting starting on Wednesday.

Sep 18, 2015 PM EDT - Diana Tomale

Possible Price Hike Expected To Affect Developing Countries As Per World Bank

The World Bank warns on possible effects of price hike in the capital flows of developing countries.

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