| 单词 | World Bank |
| 例句 | In the end, Clinton prevailed on the World Bank to give Russia a loan. Mountains Beyond Mountains 2013-04-13T00:00:00Z A certain World Bank official implied that Alex’s brashness and outspokenness turned off many people. Mountains Beyond Mountains 2013-04-13T00:00:00Z However, World Bank members, who came from many countries to meet in Moscow, were divided about the allocation. Mountains Beyond Mountains 2013-04-13T00:00:00Z Jim Kim had the finesse and diplomatic skills to deal with bureaucrats and large organizations such as WHO and the World Bank. Mountains Beyond Mountains 2013-04-13T00:00:00Z Farmer also agreed to serve as a consultant on TB in Russian prisons for the World Bank’s mission to Moscow. Mountains Beyond Mountains 2013-04-13T00:00:00Z I could understand why he was perceived as an agitator by some World Bank members. Mountains Beyond Mountains 2013-04-13T00:00:00Z A World Bank study found that 42.5 percent of Mexicans live on two dollars or less a day. Enrique's Journey 2006-02-21T00:00:00Z Alex, frustrated and angered by the World Bank’s decision, decided at one point that everything should go to the Ministry of Health. Mountains Beyond Mountains 2013-04-13T00:00:00Z “Tomorrow,” Goldfarb said, turning to the colonel, “Paul will represent your interests at the World Bank.” Mountains Beyond Mountains 2013-04-13T00:00:00Z In March 2012, President Obama nominated him to be president of the World Bank, a post to which he won election three months later. Mountains Beyond Mountains 2013-04-13T00:00:00Z On the Russian front, after helping secure the World Bank loan, he received a special request from the Soros Foundation. Mountains Beyond Mountains 2013-04-13T00:00:00Z On our flight to Moscow, Farmer told me that the World Bank was planning to make a loan to Russia to help prevent a full-blown TB epidemic. Mountains Beyond Mountains 2013-04-13T00:00:00Z Alex continued with his attack, not just on members of the World Bank but on the World Health Organization bureaucrats stationed in Moscow, who he said resented PIH and the Soros Foundation. Mountains Beyond Mountains 2013-04-13T00:00:00Z Johnson gently pushed McNamara out of the Pentagon, giving him the prestigious but less controversial job of president of the World Bank. Most Dangerous: Daniel Ellsberg and the Secret History of the Vietnam War 2015-09-22T00:00:00Z In the end, the World Bank members decided that the Ministry of Justice—the prisons—would get only 20 percent of the loan. Mountains Beyond Mountains 2013-04-13T00:00:00Z The good news was that the World Bank loan would provide for staff and medicine. Mountains Beyond Mountains 2013-04-13T00:00:00Z However, around 30 to 58% of its residents earn a gross income below the World Bank’s extreme poverty line, The Guardian noted. Happy Halloween? John Oliver spotlights the horrors of the chocolate industry 2023-11-01T04:00:00Z He said the school, which is funded by the World Bank and others, is free and provides enough of a stipend to keep the musicians off the streets. Young Afghan musicians in NY for date at Carnegie 2013-02-12T10:31:05Z Mr Stiglitz has won a Nobel prize, served as a feather-ruffling chief economist for the World Bank and written several books with a fair claim to prescience, notably, “Globalisation and Its Discontents”, published in 2002. On course to fail 2016-08-18T04:00:00Z As the night wore on, I spoke to a guy who said he was a World Bank economist. Qatar, a country without a free press, hosts a D.C. party celebrating ... the free press 2019-06-07T04:00:00Z With the World Bank warning that as many as 150 million people could fall into extreme poverty by the end of 2021, the future remains uncertain for garment workers across the world. The Ups and Downs of Fashion in 2020 2020-12-23T05:00:00Z Renee: He is a software engineer type at the World Bank. Date Lab: He played hooky from his company holiday party to meet her 2017-01-24T05:00:00Z Eventually, she found herself at the film noir version of the game: a seedy space above a restaurant just off Pennsylvania Avenue, not far from the World Bank. A 70-year-old socialite’s unlikely journey from Park Avenue to the poker table 2017-04-24T04:00:00Z His wife, Susan Goldmark, who held a lucrative job at the World Bank, was getting tired of being the main breadwinner. Behind ‘Oppenheimer,’ a Prizewinning Biography 25 Years in the Making 2023-07-10T04:00:00Z This program was underwritten by the World Bank where financial incentives are used to reduce chronic poverty in developing countries. Pay people to stop smoking? It works, especially in vulnerable groups 2017-03-27T04:00:00Z The group looks at not only current statistics and research from groups like Reporters Without Borders, Unicef and the World Bank but also at the countries’ recent history. Update: Eat, Stay, Buy Locally: Treading Lightly on the Road 2014-04-09T17:24:11Z Last year, Joyce quit his job as a consultant at the World Bank to pursue comedy full time. After quitting his day job, comic has a new role: Building a comedy scene 2015-11-16T05:00:00Z After graduating with honors from the University of California at Davis, she moved to Cairo — where she worked at the World Bank, according to her LinkedIn profile — and later Hong Kong. Meet the ‘Crocodile of Wall Street’ rapper accused of laundering billions of dollars in crypto 2022-02-13T05:00:00Z Then one day, a World Bank woman with broom-thin lips and blonde hair and cat-eyes visited my office to find out where all the money had gone. The Swimming Pool by Jekwu Anyaegbuna 2013-03-16T09:01:08Z Those figures are roughly in line with World Bank data. Azerbaijan basks in glitz, fears exposure 2012-05-23T12:06:15Z When I was a minister, the World Bank was a Father-Christmas institution. The Swimming Pool by Jekwu Anyaegbuna 2013-03-16T09:01:08Z Let me plant this fact in your brain, my friend: it was since blacks started to occupy top positions at the World Bank that survival became very difficult for third-world countries. The Swimming Pool by Jekwu Anyaegbuna 2013-03-16T09:01:08Z Unfortunately, most of his intended audience — employees at the nearby International Monetary Fund, State Department, World Bank and foreign embassies — was working remotely. Review | Swahili Village brings a taste of African fine dining to D.C. 2021-04-01T04:00:00Z The next day, he woke up at 5 a.m. for the World Bank meeting. Guinea’s president bears the weight of what Ebola has done to his country 2015-04-19T04:00:00Z She lambasts the American imperium and its souped-up capitalism, multinational institutions like the World Bank, and corporate greed. The Prescient Anger of Arundhati Roy 2019-06-12T04:00:00Z In the late 1960s Uncle Paul took a job at the World Bank, becoming its first sub-Saharan African employee. Actor. Lawyer. Lover of the arts. Her uncle defied category. 2016-06-01T04:00:00Z Momentous events have happened here, such as the 1944 Bretton Woods Conference, at which the International Monetary Fund and the World Bank were established. Five historic hotels with guided tours that bring the past to life 2019-02-07T05:00:00Z The world body plays a marginal role in economic issues, which is the realm of the World Bank and International Monetary Fund. UN urges countries to impose global taxes to boost aid 2012-07-05T17:32:16Z The World Bank estimates it costs more than US$15 billion annually to treat these illnesses in these countries. How does food get contaminated? The unsafe habits that kill more than 400,000 people a year 2023-05-16T04:00:00Z For Claudia Costin, a former education secretary in Rio de Janeiro and senior director for education at the World Bank, the culture wars are a waste of precious time. Far-right Bolsonaro fires latest round in Brazil culture war 2020-01-17T05:00:00Z World Bank chief Jim Yong Kim, himself born in South Korea, said the educational system put a heavy burden on children, with its focus on competition and long hours of work. South Korean children finish last in happiness survey 2014-11-04T05:00:00Z William will also visit the World Bank in D.C. and the couple will cap off the trip with the University of St. Andrews' 600th Anniversary Gala at the Metropolitan Museum of Art in New York. The royals are coming: Will and Kate to visit New York in December 2014-11-14T05:00:00Z Laurence Sage, a retired World Bank employee living near Friendship Heights, likes France’s post-2008 practice of electing overseas representatives to the National Assembly. How French expats in Washington are preparing for an election back home 2019-05-17T04:00:00Z It was the same reason his sister, a law student who spent a year working for the World Bank on global poverty, wanted to be a farmer. David Corenswet, a Breakout Star in ‘The Politician,’ Takes Flight 2020-01-24T05:00:00Z The dividends for African economies range from 2 percent to 16 percent of GDP, based on UN and World Bank data. Child malnutrition costs Africa its future growth 2014-08-04T04:00:00Z According to data from the World Bank in 2017, nearly half of the world’s population lives on less than $5.50 a day. Review | You know what else you’re doing wrong? Laundry. Don’t worry, a new book offers hope. 2021-03-25T04:00:00Z There, the president of the World Bank announced new financial commitments for the three Ebola-affected countries. Guinea’s president bears the weight of what Ebola has done to his country 2015-04-19T04:00:00Z The high cost of $16tn by 2030 is estimated from previous World Bank data on the loss to the global economy of people of working age with mental health problems. World in mental health crisis of 'monumental suffering', say experts 2018-10-09T04:00:00Z To inject momentum, the World Bank Group on Monday said it would provide a further $200 billion over five years from the start of the next decade. Political leaders arrive in Poland in race to deliver on U.N.... 2018-12-03T05:00:00Z She previously worked as an economist for the World Bank in Washington. Judith Graves, Maryellen Madden 2018-04-29T04:00:00Z Also on Monday, William went to Washington to meet with President Barack Obama and speak at the World Bank on the threat of illegal wildlife trafficking. Harlem cheers 'Kate, Kate!' as British duchess visits child center 2014-12-08T05:00:00Z On Saturday night, Ian Solomon, the former United States executive director of the World Bank Group who is currently the University of Chicago’s vice president for global engagement, will lead a discussion about poverty. Actors Studio to Stage Play by María Irene Fornés 2015-11-04T05:00:00Z This has occurred mostly through the mechanism of ever more free and powerful financial markets, but also through such multilateral bodies as the International Monetary Fund, World Bank, World Trade Organization and European Union. How Rampant Globalization Brought Us Trump 2018-05-18T04:00:00Z Thomas-Greenfield explains this while en route from a meeting at the State Department to a speech at the World Bank. From the segregated South to the U.S. Africa summit, a diplomat comes full circle In addition to running his studio, Jomo Furniture, Mr. Tariku works as a graphic designer and data scientist for the World Bank. Opening the Doors of Design 2020-09-29T04:00:00Z In a population of around 210 million people, the government recorded 59,080 gun deaths in 2015, putting it in the top 10 World Bank list of the most murderous countries. Brazil's 'What a shot' music video stirs debate amid violent crime... 2018-02-20T05:00:00Z He rails against the World Bank’s dam-building ambitions back in his home country, Ethiopia. Theater Review | 'A Cool Dip in the Barren Saharan Crick': At Playwrights Horizons, the Politics of Water 2010-03-29T04:37:00Z The World Bank, which is underwriting the school’s new concert hall and dormitory, is putting up more than $100,000 for the tour; other contributors include the Carnegie Corporation and the Asian Cultural Council. Afghanistan National Institute of Music Students to Tour U.S. 2013-02-01T21:18:01Z “They knew I was an economist working for the World Bank. Now I’m trying to sell blankets on the internet. Something must be wrong.” We Love to Be Smushed 2019-02-23T05:00:00Z She has held senior positions at Google, the US Treasury and the World Bank. Is Facebook's Sheryl Sandberg really the new face of feminism? 2013-03-17T00:05:51Z “I flew back from South Africa to make sure I was here for this,” said Paula Lytle, who works at the World Bank and whose son, Paul, was cast in the party scene. ‘The Nutcracker’: Fairies and tulle onstage, total nuts backstage 2015-12-15T05:00:00Z While Patel was in Zimbabwe, the World Bank in Washington was conducting a landmark project that would transform global health. Busting the myth that depression doesn't affect people in poor countries 2019-04-30T04:00:00Z The project is part of a $95 million effort financed by the World Bank and Haiti Reconstruction Fund that is aimed at helping more than 500,000 people move back into redeveloped neighborhoods. Sean Penn's group receives grant to house Haitians 2011-09-15T20:56:10Z Until earlier this month, he was a consultant in Washington, mapping damage in areas of conflict to assess reconstruction costs, for the World Bank. Anne Salzman, Miika Tomi 2018-09-23T04:00:00Z The Duke of Cambridge travelled to Washington to briefly meet with the President before speaking at the 3rd Biennial Meeting of the International Corruption Hunters Alliance, hosted by the World Bank. Prince William Meets With President Obama 2014-12-08T05:00:00Z The World Bank, dissuaded from providing dam finance for a few years, is now back. Flood of new dam projects threatens world’s last wild rivers 2015-05-16T04:00:00Z But at some point she will need to return to her job in human resources for the World Bank. After a draining spring, parents face the prospect of a summer without a lifeline: Camp 2020-05-12T04:00:00Z When her office cafeteria at the World Bank placed a reminder that silverware was more environmentally friendly than plastic utensils, she happily complied. Consider the plastic drinking straw: Why do we suck so much? 2017-10-23T04:00:00Z Over the next few years he poured himself into work for the United Nations, the World Bank and then Unicef. A Personal Fight for the Dignity of L.G.B.T. People in India 2019-02-04T05:00:00Z His mother worked in a bank, and his father at the World Bank before becoming Nicaragua’s ambassador to the United States. The killer career of Roberto Aguirre-Sacasa 2016-05-05T04:00:00Z Kuti insisted on “Africa for Africa,” as one song title put it, but seemed to be angling for a World Bank loan when he pressed his desire for a highway from Lagos to Johannesburg. Femi Kuti’s energy is as tireless as his message during 9:30 Club concert 2016-07-31T04:00:00Z The domestic film industry, known as Nollywood, produces at least 40 new movies every week and creates up to 1m indirect jobs, according to the World Bank. Nigeria's entertainment industry eager to make pirates part of sea change 2012-12-14T07:00:01Z The Pershing Park allegations date to Sept. 2, 2002, when hundreds of protesters were herded by police during demonstrations against the International Monetary Fund and World Bank in downtown Washington. Papers seek removal of a Cosby attorney 2016-03-15T04:00:00Z Calonder grew up in Provence but moved to Washington four years ago with her fiance when he accepted a job at the World Bank. Inside the Workshop: Eva Calonder According to the World Bank, education levels in Iraq, once among the highest in the region, are now among the lowest in the Middle East and North Africa. Iconic musician seeks to rebuild Iraq through music 2022-01-24T05:00:00Z According to the World Bank, 53 percent of the country’s population is poor - living on less than $1.97 per day - with half of all children growing up impoverished. Rich Kids of Mexico City flaunt wealth on Instagram account 2018-10-17T04:00:00Z In a population of around 210 million people, the government recorded 59,080 gun deaths in 2015, putting it in the top 10 World Bank list of the most murderous countries. Brazil's 'What a shot' music video stirs debate amid violent crime... 2018-02-20T05:00:00Z All right, I later applied to the World Bank, again, for funds to build a dam which would supply water to our new Federal Capital Territory. The Swimming Pool by Jekwu Anyaegbuna 2013-03-16T09:01:08Z World Bank Group President Jim Yong Kim, who was born in Seoul and moved to the United States at age five, said that South Korea's education system exacted a heavy cost. South Korean children finish last in happiness survey 2014-11-04T05:00:00Z However, Haiti remains one of the poorest countries in the world, according to the World Bank, with a G.D.P. per capita of $846. In Haiti, Tracing a Paradise Lost 2017-12-04T05:00:00Z The World Bank projects that Malaysia will transition from a middle- to high-income country in the next two to six years. How Malaysia Got in on the Secondhand Clothing Boom 2022-02-03T05:00:00Z At the time, Amarteifio was living in Washington, D.C., and working for the World Bank as a social-media strategist, with a focus on Africa. Telling a Different Story About Africa 2016-04-16T04:00:00Z The Afghans will also play at the State Department, the Italian Embassy and the World Bank. Afghanistan National Institute of Music Students to Tour U.S. 2013-02-01T21:18:01Z The groom, 31, is an associate investment officer focusing on the global financial technology sector at the International Finance Corporation, the World Bank's private investment arm in Washington. Leela Vosko, Robert Hamlin 2018-07-22T04:00:00Z In addition to the allocations from the Federal Government, I approached the World Bank for funds to construct dams, execute several irrigation projects for agriculture, and bury pipes underground for water supply to households. The Swimming Pool by Jekwu Anyaegbuna 2013-03-16T09:01:08Z A few years ago, she quit her job at the World Bank to become a full-time stay-at-home mom and a part-time photographer. Cicadas compete in the Olympics, thanks to this crafty mom and photographer 2021-06-01T04:00:00Z He was responding to a reporter's question at a event to announce his nomination for the presidency of the World Bank. Obama makes killing of black teen personal 2012-03-23T19:41:02Z The World Bank says the blockade reduced the territory, home to 2 million Palestinians, to a state of economic collapse. Amid deprivation, Gaza youth skate in search of fun 2019-04-30T04:00:00Z An unconventional collaboration between a former World Bank economist and a novelist, “Equality for Women = Prosperity for All” analyzes how women’s exclusion from work and educational opportunities inhibits economic growth. Three New Takes on Feminism: In the Dorm, in the Economy and Around the World 2018-11-09T05:00:00Z According to the World Bank, Madagascar is one of the poorest countries in the world, with 75% of people living below the national poverty line in 2022. Madagascar votes in presidential election boycotted by opposition 2023-11-15T05:00:00Z There has been a drop in the number of children attending school, and water and electricity shortages plague the capital, according to the World Bank. Madagascar’s president seeks reelection. Most challengers are boycotting and hope voters do, too 2023-11-14T05:00:00Z In October, the World Bank published a report in which it said the currencies in Nigeria and Angola, Africa's biggest oil producers, were the two worst performing on the continent. Weak currencies force up cost of living in Sub-Saharan Africa 2023-11-14T05:00:00Z The World Bank estimates that as many as 216 million people could be displaced by climate change within their own country by 2050. Are these cities ready to become climate havens? 2023-11-13T05:00:00Z Parents, local leaders and activists say the situation perpetuates already existing inequalities in a country described by the World Bank as the most unequal in the world. Long walk to school: 30 years into freedom, many kids in South Africa still walk miles to class 2023-11-12T05:00:00Z The U.S. proposed housing the fund at the World Bank permanently. New Climate Compensation Agreement Raises International Tensions 2023-11-06T05:00:00Z The Mauritanian government, in collaboration with the World Bank, the U.N. Climate data can save lives. Most countries can’t access it 2023-11-06T05:00:00Z "The weakening of the naira was triggered by the central bank's decision to remove trading restrictions on the official market," the World Bank said. Weak currencies force up cost of living in Sub-Saharan Africa 2023-11-14T05:00:00Z Mr Museveni has accused the World Bank of using money to try to "coerce" the government to drop the controversial legislation. Uganda's Yoweri Museveni hits back over expulsion from US-Africa trade pact Agoa 2023-11-06T05:00:00Z Housing a fund at the World Bank, whose presidents are appointed by the U.S., would give donor countries outsized influence over the fund and result in high fees for recipient countries, developing countries have argued. World Bank poised to host climate loss and damage fund, despite concerns 2023-11-04T04:00:00Z The World Bank has launched a broader reform process that includes stretching its balance sheet as international threats from geopolitical tensions to global warming pile pressure on vulnerable nations. World Bank eyes speeding up loan approvals amid bold overhaul 2023-11-02T04:00:00Z Earlier this week, the World Bank warned that the conflict in the Middle East could push the price of crude oil up to $150 a barrel - compared to $85 today. Shell posts $6.2bn profit as oil prices rise again 2023-11-02T04:00:00Z The unemployment rate more than doubled from the period immediately before the Taliban takeover to June 2023, according to the World Bank. Afghans return to Taliban rule as Pakistan moves to expel 1.7 million 2023-10-31T04:00:00Z Oil prices could rise to more than $150 a barrel if the conflict in the Middle East escalates, according to the World Bank. World Bank warns oil prices could reach $150 a barrel 2023-10-30T04:00:00Z The committee, representing a geographically diverse group of countries, resolved to recommend the World Bank serve as trustee and host of the fund - a tension point that has fuelled divisions between developed and developing nations. World Bank poised to host climate loss and damage fund, despite concerns 2023-11-04T04:00:00Z Reforming the World Bank's approach to risk could unlock nearly $190 billion in additional urgently needed lending for developing countries without jeopardizing its AAA credit rating, a study commissioned by the Rockefeller Foundation found. World Bank eyes speeding up loan approvals amid bold overhaul 2023-11-02T04:00:00Z The World Bank’s Commodity Markets Outlook found that while the effects on oil prices should be limited if the conflict doesn’t widen, the outlook “would darken quickly if the conflict were to escalate.” Oil prices could reach ‘uncharted waters’ if the Israel-Hamas war escalates, the World Bank says 2023-10-30T04:00:00Z The World Bank’s Commodity Markets Outlook found that while the effects on oil prices should be limited if the conflict doesn’t widen, the outlook “would darken quickly if the conflict were to escalate.” Live: Live updates | Israel deepens military assault in the northern Gaza Strip 2023-10-30T04:00:00Z "The latest conflict in the Middle East comes on the heels of the biggest shock to commodity markets since the 1970s - Russia's war with Ukraine," said Indermit Gill, chief economist at the World Bank. World Bank warns oil prices could reach $150 a barrel 2023-10-30T04:00:00Z To get all countries on board, it was agreed the World Bank would serve as interim trustee and host of the fund for a four-year period. World Bank poised to host climate loss and damage fund, despite concerns 2023-11-04T04:00:00Z Up to 1 million Africans enter the labor market every month, but fewer than 1 in 4 get a formal job, the World Bank says. The world is becoming more African 2023-10-28T04:00:00Z The World Bank report simulates three scenarios for the global oil supply in the event of a small, medium or large disruption. Oil prices could reach ‘uncharted waters’ if the Israel-Hamas war escalates, the World Bank says 2023-10-30T04:00:00Z Indermit Gill, the World Bank’s chief economist, said Russia’s invasion of Ukraine has already had disruptive effects on the global economy “that persist to this day.” Live: Live updates | Israel deepens military assault in the northern Gaza Strip 2023-10-30T04:00:00Z The World Bank said the global economy was in a better position to withstand a supply shock than it had been during previous conflicts in the Middle East. World Bank warns oil prices could reach $150 a barrel 2023-10-30T04:00:00Z In 2020, the World Bank issued four tranches of catastrophe bonds for the country's natural disaster fund, FONDEN, to insure against earthquakes and hurricanes for four years. After hurricane, Mexican president urges insurers to hurry payouts 2023-10-27T04:00:00Z World Bank head Ajay Banga warned at a conference in Saudi Arabia this week that the war puts economic development at a “dangerous juncture.” Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and Jordan 2023-10-25T04:00:00Z Indermit Gill, the World Bank’s chief economist, said Russia’s invasion of Ukraine has already had disruptive effects on the global economy “that persist to this day.” Oil prices could reach ‘uncharted waters’ if the Israel-Hamas war escalates, the World Bank says 2023-10-30T04:00:00Z Nearly one in five Nigeriens are thought to be livestock breeders, according to the World Bank. Many in Niger are suffering under coup-related sanctions. Junta backers call it a worthy sacrifice 2023-10-25T04:00:00Z “The loan endorses a significant and strategic response to South Africa’s ongoing energy crisis, and the country’s goal of transitioning to a just and low carbon economy,” the World Bank said. The World Bank approved a $1B loan to help blackout-hit South Africa’s energy sector 2023-10-25T04:00:00Z Bond documents showed Mexico had paid an undisclosed insurance premium for $485 million worth of coverage, which the World Bank transferred to 38 catastrophe bond investors. After hurricane, Mexican president urges insurers to hurry payouts 2023-10-27T04:00:00Z And in a nod to the fragile nature of the world economy, World Bank President Ajay Banga said on Tuesday that geopolitical tensions present a downside risk to growth and upside risk to inflation. US business activity ticks up while euro zone gauge fans recession fears 2023-10-24T04:00:00Z And gold — a commodity that tends to rise in periods of conflict — has increased roughly 8%, according to the World Bank. Oil prices could reach ‘uncharted waters’ if the Israel-Hamas war escalates, the World Bank says 2023-10-30T04:00:00Z Geopolitical tensions heightened by the Middle East conflict pose the biggest threat to the world economy, World Bank President Ajay Banga said. As Israel-Hamas war rages, global finance chiefs in Saudi sound gloomy note 2023-10-24T04:00:00Z It has already received a $439.5 million loan from the World Bank to help convert a former power station into a renewable energy provider. The World Bank approved a $1B loan to help blackout-hit South Africa’s energy sector 2023-10-25T04:00:00Z Geopolitical tensions heightened by the Middle East conflict pose the biggest threat to the world economy right now but other risks are also at play, World Bank President Ajay Banga said on Tuesday. Euro zone October PMI at near 3-year low, stirring recession worries 2023-10-24T04:00:00Z Brandon Wu, director of policy & campaigns for NGO ActionAid USA called on the United States to back off its insistence that the World Bank house the fund. Countries deadlocked on 'loss and damage' fund as UN climate summit nears 2023-10-23T04:00:00Z The initiative has found Beijing on par with the World Bank as a major lender for global development. Putin feted by Xi at summit in sign of growing strategic alignment 2023-10-18T04:00:00Z Belt and Road has established for China a role in global development rivaling that of the United States and the World Bank. China Invested $1 Trillion to Gain Global Influence. Can That Go On? 2023-10-16T04:00:00Z The World Bank has been urged to provide more funding for African countries facing climate change and other problems. The World Bank approved a $1B loan to help blackout-hit South Africa’s energy sector 2023-10-25T04:00:00Z The inability to respond extended to chair's statements issued by the Group of 20 major economies and the IMF and World Bank steering committees, which failed to mention the conflict. IMF, World Bank 'impotent' on Israel-Gaza war shock as reforms edge forward 2023-10-16T04:00:00Z A State Department official said on Monday that U.S. support of the World Bank as the fund's host is not a red line for negotiations and it is open to other arrangements. Countries deadlocked on 'loss and damage' fund as UN climate summit nears 2023-10-23T04:00:00Z There was much talk ahead of Marrakech on revamping the IMF and World Bank to better reflect the emergence of economies like China and Brazil, but actions taken at the meetings may delay them. Key takeaways from IMF/World Bank meetings in Morocco 2023-10-16T04:00:00Z I am a scholar of peace and conflict economics and a former World Bank consultant, including during the 2014 war between Hamas and Israel. Gaza humanitarian crisis is "dire" under Israel's blockade — and rapidly getting worse 2023-10-14T04:00:00Z There was much talk ahead of Marrakech on revamping the IMF and World Bank to better reflect the emergence of economies like China and Brazil. Key takeaways from the IMF/World Bank meetings 2023-10-14T04:00:00Z World Bank President Ajay Banga acknowledged on Sunday that the Israel-Gaza conflict, along with the Ukraine war and fighting in Africa, were "casting long shadows" over the meeting's accomplishments and adding to economic challenges. IMF, World Bank 'impotent' on Israel-Gaza war shock as reforms edge forward 2023-10-16T04:00:00Z The official said it is open to a proposal floated at the meeting for the World Bank to host the fund on an interim basis while countries evaluate its performance. Countries deadlocked on 'loss and damage' fund as UN climate summit nears 2023-10-23T04:00:00Z Treasury Secretary Janet Yellen on Friday told Reuters she heard "universal condemnation" of Saturday's deadly attack on Israel by Hamas at this week's annual meetings of the International Monetary Fund and World Bank. Yellen says Hamas attack on Israel met with 'universal condemnation' at global meetings 2023-10-13T04:00:00Z Yellen was speaking in an interview on the sidelines of the IMF and World Bank annual meetings. Yellen says U.S.-backed IMF funding increase is "pretty likely" 2023-10-13T04:00:00Z "We do definitely believe that's coming down over time," Yellen said in an interview on the sidelines of the International Monetary Fund and World Bank meetings in Morocco. Yellen says believes US housing inflation will still ease over time 2023-10-13T04:00:00Z Inflation is stalling and its deepening real estate crisis was identified as among the biggest risks to global growth during the International Monetary Fund and World Bank meeting being held in Marrakech Oct. 9-15. Analysis: IMF warning on China puts 'Japanization' risk in spotlight 2023-10-13T04:00:00Z Hopes were high that Sri Lanka would reach a deal with other creditors at the IMF and World Bank annual meetings in Marrakech this week, but they have reportedly been struggling to reach a consensus. Sri Lanka crisis: Colombo reaches debt deal with China 2023-10-13T04:00:00Z News about Zambia's imminent deal with its official creditors emerged during a panel on debt at the annual meetings of the IMF and World Bank. IMF, World Bank see progress on debt relief as Zambia poised to sign deal 2023-10-12T04:00:00Z The $100 billion included in a World Bank paper drafted for shareholders would come on top of measures approved in April that will boost the bank's lending to developing countries by up to $50 billion. World Bank governors endorse 'liveable planet' vision - German minister 2023-10-12T04:00:00Z The economist was previously chief executive of the World Bank, and took over from Christine Lagarde, who is now the president of the European Central Bank. IMF: What is it and why does it matter? 2023-10-10T04:00:00Z He added that “the challenges are enormous” because of strict conditions to get IMF and World Bank funding. IMF and World Bank are urged to boost funding for African nations facing conflict and climate change 2023-10-11T04:00:00Z The UK has halved its funding to the World Bank's International Development Association fund to £500m a year. World Bank criticises UK for cutting aid to poorest 2023-10-11T04:00:00Z The G7 finance leaders are scheduled to meet on Thursday on the sidelines of the International Monetary Fund and World Bank meetings held in Marrakech this week. G7 finance chiefs may debate risks from Middle East conflict 2023-10-11T04:00:00Z The World Bank would begin piloting this option for small states that are particularly affected by climate change, she said. World Bank governors endorse 'liveable planet' vision - German minister 2023-10-12T04:00:00Z Two organisations were later set up to meet these aims: the IMF and the World Bank. IMF: What is it and why does it matter? 2023-10-10T04:00:00Z “That fact alone — illegitimate governments — would constrain their ability not just to meet the requirements set by IMF and the World Bank for funding, but indeed, to access such support,” Mimiko said. IMF and World Bank are urged to boost funding for African nations facing conflict and climate change 2023-10-11T04:00:00Z The World Bank faces further challenges as it struggles to raise finances for a new crisis response fund aimed at helping countries respond to higher poverty levels. World Bank criticises UK for cutting aid to poorest 2023-10-11T04:00:00Z Lakshmi Shyam-Sunder, the World Bank's chief risk officer, said the ratings agencies had shown some openness to considering revisions in how they treat callable capital in the banks' balance sheets. Multilateral development banks, keen to expand lending, to meet with ratings agencies 2023-10-10T04:00:00Z "With the reform, we will make the World Bank into a better bank that uses its funds in a more targeted way," she said. World Bank governors endorse 'liveable planet' vision - German minister 2023-10-12T04:00:00Z But more efforts were needed to equip World Bank staff to deliver the desired results, Yellen said. Yellen says World Bank needs 'cultural change' to better mobilize private capital 2023-10-10T04:00:00Z It was that exceptional U.S. economic strength the International Monetary Fund spotlighted in its latest World Economic Outlook, released at the annual meetings of the IMF and World Bank in Marrakesh on Tuesday. Morning Bid: 'Remarkable' US markets surf crosscurrents 2023-10-10T04:00:00Z The World Bank, the globe's top anti-poverty institution, has told the BBC that recent cuts to the UK foreign aid budget "caused real pain". World Bank criticises UK for cutting aid to poorest 2023-10-11T04:00:00Z Liberia's economy grew nearly 5% last year, according to the World Bank. Liberia elections: Voters head to polls as George Weah faces Joseph Boakai 2023-10-10T04:00:00Z "The World Bank will be able to provide more funds for poverty reduction and climate action." World Bank governors endorse 'liveable planet' vision - German minister 2023-10-12T04:00:00Z World Bank governors were expected to lay the groundwork for the issuance of hybrid capital and endorse a portfolio guarantee platform that gives shareholders a new way to contribute to the bank's work, she said. Yellen says World Bank needs 'cultural change' to better mobilize private capital 2023-10-10T04:00:00Z “We see a global economy that is limping along,” IMF chief economist Pierre-Olivier Gourinchas told reporters ahead of the IMF and World Bank’s fall meetings this week in Marrakech, Morocco. IMF outlook worsens for a world economy left ‘limping’ by shocks like Russia’s war 2023-10-10T04:00:00Z Against this backdrop the World Bank says it needs more funds to deal with crisis-afflicted poorer nations as soon as this December. World Bank criticises UK for cutting aid to poorest 2023-10-11T04:00:00Z “On some level, China has added a World Bank to the developing world, and that is no small feat and very appreciated by developing countries,” said Kevin Gallagher, the center’s director. China touts its Belt and Road infrastructure lending as an alternative for international development 2023-10-10T04:00:00Z The report was issued as global financial leaders gathered in Marrakech, Morocco, for the IMF and World Bank annual meetings. IMF says 'weak tail' of banks could struggle in an economic downturn 2023-10-10T04:00:00Z There, the World Bank predicts a one metre rise would flood 40% of buildings. The last country on Earth without a national football team 2023-10-10T04:00:00Z Elsewhere, the IMF and World Bank annual meetings in Morocco get into full swing, with a range of leading global policymakers set to speak. Morning Bid: Markets regain footing with focus back on Fed 2023-10-10T04:00:00Z Gill declined to give specific examples, but a recent World Bank report showed government debt ran around 85% of GDP in the average South Asian country, higher than in other emerging market, developing economy regions. Rising Asia debt levels could temper growth -World Bank chief economist 2023-10-10T04:00:00Z The IMF and World Bank annual meetings in Morocco kick into gear on Tuesday, with U.S. Morning Bid: All boats rise on safe-haven, Fed view 2023-10-09T04:00:00Z The Oct. 9-15 annual meetings in Marrakech are expected to focus heavily on increasing resources for the IMF and the World Bank, both potentially contentious moves. World Bank urges cooling of Israel-Gaza conflict as annual meetings start 2023-10-09T04:00:00Z CGD unveiled the tracker as finance officials gathered in Marrakech, Morocco for the annual meetings of the International Monetary Fund and the World Bank. Progress in reforming development banks 'quite limited,' new tool shows 2023-10-09T04:00:00Z The World Bank on Monday said it is looking at ways to expand the guarantees it provides for commercial loans to boost the private financing available to developing countries. UAW workers strike Mack Trucks after rejecting contract 2023-10-09T04:00:00Z World Bank guarantees have mobilised more than $42 billion in commercial capital and private investment spanning energy projects to sovereign financing in the last two decades, according to its website. World Bank explores expanding loan guarantees for private financing 2023-10-09T04:00:00Z A World Bank report to be considered in Marrakech estimates that $10 billion in guarantee commitments could boost lending by $60 billion over that period. World Bank's Banga faces pressure on resources, shareholder schisms 2023-10-09T04:00:00Z The International Monetary Fund and World Bank decided in 2018 to host their annual meeting in Marrakech, Morocco, bringing the affair to the African continent for the first time in 50 years. Morocco welcomes the annual meeting of the IMF and World Bank a month after its deadly earthquake 2023-10-08T04:00:00Z Anna Bjerde, the World Bank's managing director for operations, said she had been at the bank for 27 years and had never felt such energy and momentum for changing course. Progress in reforming development banks 'quite limited,' new tool shows 2023-10-09T04:00:00Z An independent assessment commissioned by the Rockefeller Foundation last month concluded that the World Bank's main lending arms could boost lending to nearly $900 billion if the rating agencies modified their procedures on callable capital. US Treasury pushing development banks for progress on next phase of reforms by April 2023-10-08T04:00:00Z The official said that IMF and World Bank funding packages the Treasury has proposed should have some bipartisan appeal in Congress. Yellen heads to Morocco IMF-World Bank meetings in shadow of US political chaos 2023-10-06T04:00:00Z A bigger move would boost lending against the World Bank's "callable capital," a cushion of emergency funds pledged by shareholders but not paid-in, but this would require some countries to change laws. World Bank's Banga faces pressure on resources, shareholder schisms 2023-10-09T04:00:00Z Finance officials and investors from around the globe are heading for the Morrocan city of Marrakech for the World Bank International Monetary Fund annual meetings. Take Five: An uneasy calm 2023-10-06T04:00:00Z The World Bank on Monday said it is looking at ways to expand the guarantees it provides for commercial loans to boost the private financing available to developing countries. Progress in reforming development banks 'quite limited,' new tool shows 2023-10-09T04:00:00Z Treasury Department is pushing the World Bank and regional multilateral development banks to complete work on new rules for leveraging shareholder capital commitments to boost lending capacity by April 2024, a senior Treasury official said. US Treasury pushing development banks for progress on next phase of reforms by April 2023-10-08T04:00:00Z The World Bank, IMF and other multilateral development banks are under pressure to boost lending to poorer countries to fund development and tackle climate change. Emerging economies face China and rate pressures as IMF, World Bank meet 2023-10-06T04:00:00Z Though he has shrugged off accusations of anti-Black racism, the remarks have coincided with a rise in anti-Black violence in Tunisia and garnered widespread condemnation, including from trade partners and the World Bank. Tunisia rejects European funds and says they fall short of a deal for migration and financial aid 2023-10-03T04:00:00Z Amid these tensions, the IMF and World Bank are trying to boost their lending. Take Five: An uneasy calm 2023-10-06T04:00:00Z Bangladesh’s growth may slow to 5.6%, while projections for Pakistan’s growth —only 1.7% — are below the rate of its population growth, the World Bank said. South Asia is expected to grow by nearly 6% this year, making it the world’s fastest-growing region 2023-10-03T04:00:00Z The Treasury official said World Bank governors were expected to sign off on the new measures this week and mapped out previously unreported details on the callable capital issue, including the timetable for action. US Treasury pushing development banks for progress on next phase of reforms by April 2023-10-08T04:00:00Z In China, the world's biggest oil importer, the World Bank maintained its forecast for 2023 economic growth at 5.1%, but trimmed its prediction for 2024, citing persistent weakness of its property sector. Oil tumbles 2% to 3-week low on strong dollar, profit taking 2023-10-02T04:00:00Z In correspondence with the Oakland Institute, the World Bank says it is not funding efforts by Tanzanian authorities to regularize park boundaries. Rights watchdog accuses the World Bank of complicity in rights abuses around Tanzanian national park 2023-09-28T04:00:00Z The Philippines, for instance, imports 14% of its food, according to the World Bank, and storm damage to crops could mean further shortfalls. Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia’s war 2023-09-27T04:00:00Z The World Bank said another concern was that government debt in South Asian countries averaged 86% of GDP in 2022, which is higher than other emerging markets. South Asia is expected to grow by nearly 6% this year, making it the world’s fastest-growing region 2023-10-03T04:00:00Z Further funding for the project would most likely come from multilateral donors such as the World Bank and aid agencies in the United States, Australia, New Zealand, the plan said. US backs Pacific undersea internet cable amid China competition 2023-09-28T04:00:00Z Her think tank had been working with the World Bank, UN and US agencies on green energy and she was generally regarded as more of a low-profile advocate than an outspoken campaigner. Vietnam climate activist on trial for tax evasion 2023-09-27T04:00:00Z By apparently failing to hold Tanzanian authorities accountable for wrongdoing, even that not directly funded through REGROW, she said, the World Bank’s own safeguards have been rendered “obsolete.” Rights watchdog accuses the World Bank of complicity in rights abuses around Tanzanian national park 2023-09-28T04:00:00Z The Biden administration is pushing the World Bank as a "credible alternative" to China's overseas lending, which U.S. officials say is often not transparent and often uses collateralized loans that pose risks to countries later. Reforms could boost World Bank lending to developing countries by nearly $190 bln -study 2023-09-26T04:00:00Z “Almost one-tenth of the region’s workers are employed in pollution-intensive jobs,” many of which are concentrated among informal and lower-skilled workers who are more vulnerable to changes in the labor market, the World Bank said. South Asia is expected to grow by nearly 6% this year, making it the world’s fastest-growing region 2023-10-03T04:00:00Z Banga said that deeper conversations were needed on the World Bank's future funding, but added that he would "not try and put an idealistic number out there" for the size of a future capital increase. World Bank chief sees $100 bln-plus lending boost from capital moves 2023-09-26T04:00:00Z In recent weeks Hamas has itself been targeted by protests by youths angry at the dire economic situation in Gaza, where jobless rates run at almost 50%, according to World Bank figures. Israeli drone hits Gaza as violent protests rage 2023-09-22T04:00:00Z In recent weeks Hamas has itself been targeted by protests by youths angry at the dire economic situation in Gaza, where jobless rates run at almost 50%, according to World Bank figures. Israeli drone hits Gaza as violent protests rage 2023-09-22T04:00:00Z "The World Bank and other international financial institutions are not supporting green investment at scale for various complicated reasons, whether it be around risk or risk appetite or credit ratings ... capital is not flowing." COP28 organiser "pleasantly surprised" by development bank reform talks 2023-09-20T04:00:00Z “While high inflation and interest rates have bogged down many emerging markets, South Asia seems to be forging ahead,” the World Bank noted in its report. South Asia is expected to grow by nearly 6% this year, making it the world’s fastest-growing region 2023-10-03T04:00:00Z Mr. Chaves, 60, used to work for the World Bank and served briefly as a government minister. Election Results from Costa Rica, Hungary, and Serbia 2022-04-06T04:00:00Z The World Bank estimates that Atlantic Ocean commerce contributes $1.5 trillion annually to the global economy and it expects that figure to double by 2030. Atlantic nations commit to environmental, economic cooperation on sidelines of UN meeting 2023-09-18T04:00:00Z If features of natural ecosystems like pollination and the absorption of gases by trees and peat lands collapse, the World Bank estimates the global economy could be $2.7 trillion poorer by 2030. Business group standards aim to help firms account for nature-related risks 2023-09-18T04:00:00Z Republicans have been especially vocal critic on this subject, but the White House has also held up the IMF - and its fellow international financial institution, the World Bank - for scrutiny. IMF pledges to stay in 'our lane' on climate 2023-09-18T04:00:00Z Weah remains popular across much of the country, and the economy grew nearly 5% last year, driven by gains in agriculture and mining, the World Bank says. Liberia opposition leader Boakai opens bid to beat President Weah 2023-09-17T04:00:00Z Mr. Chaves was forced to resign from the World Bank because of concerns over the way he treated women there. Election Results from Costa Rica, Hungary, and Serbia 2022-04-06T04:00:00Z The IMF is preparing to issue a new set of global growth forecasts ahead of IMF and World Bank annual meetings Oct. 9-15. IMF to urge China to shift growth model towards consumption, Georgieva says 2023-09-15T04:00:00Z It also includes $2.3 billion for financing and to catalyze donors through the World Bank. Biden set for busy week of foreign policy, including talks with Brazil, Israel and Ukraine leaders 2023-09-15T04:00:00Z Many hope plans for a gathering of the World Bank and International Monetary Fund, scheduled for Oct. 9-15 in Marrakech, will not be disrupted by the earthquake. Moroccans in earthquake-hit tourist area grieve losses, fret about future 2023-09-15T04:00:00Z The World Bank, meanwhile, has described the current Polish economy as “one of the most resilient in the EU.” Poland heads into a divisive election dealing with a war next door 2023-09-12T04:00:00Z More modern districts of Marrakech escaped largely unscathed, including a site near the airport earmarked for IMF and World Bank meetings due to be held next month. Morocco quake: death toll rises to 2,901 2023-09-12T04:00:00Z More modern parts of Marrakech largely escaped unscathed, including a site near the airport earmarked for IMF and World Bank meetings due to be held next month. Morocco quake: death toll rises to 2,901 2023-09-12T04:00:00Z More modern parts of Marrakech largely escaped unscathed, including a site near the airport earmarked for IMF and World Bank meetings, due to be held next month. Morocco earthquake death toll passes 2,800, survivors camp outdoors 2023-09-11T04:00:00Z The World Bank said in December that the world's poorest countries owed $62bn in annual debt service to creditors and two-thirds of this was owed to China. How India overcame bitter G20 divisions over Ukraine 2023-09-10T04:00:00Z Marrakech is due to host the annual meetings of the International Monetary Fund and World Bank from Oct. Morocco earthquake kills more than 1,300 people, survivors sleep rough 2023-09-09T04:00:00Z The World Bank has calculated that the world's poorest nations are burdened with an annual debt service of over $60bn to bilateral creditors, which escalates the risk of defaults. G20 laments war in Ukraine but avoids blaming Russia 2023-09-09T04:00:00Z They also want reforms to a global financial system - including the World Bank and other entities - that forces African countries to pay more than others to borrow money, deepening their debt. The African Union is joining the G20, a powerful acknowledgement of a continent of 1 billion people 2023-09-09T04:00:00Z According to a World Bank report, there are currently 73 carbon pricing instruments in operation, covering around 23% of global greenhouse gas emissions. EU commission chief asks G20 to join global carbon pricing 2023-09-09T04:00:00Z The World Bank and IMF are due to hold their annual meetings in the city from Oct. Morocco's ancient city of Marrakech assesses quake damage 2023-09-09T04:00:00Z Marrakech is due to host the annual meetings of the International Monetary Fund and World Bank in early October. Powerful earthquake in Morocco kills more than 600 people 2023-09-09T04:00:00Z Now Washington is pitching reforms for the World Bank and other multilateral development banks to help low- and middle-income countries access climate financing. India hopes to lead on climate, but coal still powers its economic growth 2023-09-09T04:00:00Z They also want reforms to a global financial system – including the World Bank and other entities – that forces African countries to pay more than others to borrow money, deepening their debt. The African Union is joining the G20, a powerful acknowledgement of a continent of 1 billion people 2023-09-08T04:00:00Z Biden plans to use this portion to discuss his request to Congress for additional funding for the World Bank that could generate more than $25 billion in new lending for economic development. Biden and Modi to announce rail and shipping project to link India to Middle East and Europe 2023-09-08T04:00:00Z More than more than 400,000 Sudanese and Chadian nationals from Darfur have fled to eastern Chad since the war broke out in April, the World Bank said. World Bank announces $340 mln support for Chad over refugees, other crises 2023-09-08T04:00:00Z The city is due to host the IMF and World Bank in a month's time. Powerful earthquake in Morocco kills more than 600 people 2023-09-09T04:00:00Z In August, the White House asked Congress for $3.3 billion in new funding to boost the World Bank’s lending power. India hopes to lead on climate, but coal still powers its economic growth 2023-09-09T04:00:00Z In response to the law's enactment, the United States imposed visa restrictions on some Uganda officials in June, and the World Bank suspended all new public loans to Uganda last month. Ugandan activists criticise EU inaction over LGBTQ law 2023-09-08T04:00:00Z She highlighted progress on efforts over the past year by the World Bank and other multilateral development banks to vastly expand lending resources and help tackle climate change, pandemics and other global crises. Yellen to work with India at G20 Summit to aid successful communique crafting 2023-09-08T04:00:00Z Yellen highlighted progress on efforts over the past year by the World Bank and other multilateral development banks to vastly expand lending resources and help tackle climate change, pandemics and other global crises. Yellen says she will press for IMF, World Bank resources at G20 summit 2023-09-08T04:00:00Z The U.S. will also focus on many of Modi’s priorities, including reforming multilateral development banks, especially the World Bank and International Monetary Fund, to help developing countries, Sullivan said. India seeking greater voice for developing world at G20, but Ukraine war may overshadow talks 2023-09-07T04:00:00Z David Malpass, president of the World Bank until recently, said in December that the world's poorest countries owed $62bn in annual debt service to creditors and that two-thirds of this was owed to China. G20 India: Can a divided group deliver results? 2023-09-07T04:00:00Z The IMF and World Bank have worked closely on debt sustainability issues, both pushing for improved restructuring frameworks. IMF, World Bank to step up cooperation on climate, debt, digital transition 2023-09-07T04:00:00Z Senate on Thursday confirmed World Bank economist Adriana Kugler to the Federal Reserve Board of Governors, where she will help set interest rates for the world’s biggest economy. U.S. Senate confirms Adriana Kugler to the Fed Board 2023-09-07T04:00:00Z Citing reported World Bank plans to double its exposure to Turkey in three years, Erkan said it reflects investor interest in the country's potential. Turkey's economic programme has Erdogan's full support, Simsek says 2023-09-07T04:00:00Z White House national security adviser Jake Sullivan said the effort to bolster the lending capacity of the World Bank and the IMF would provide a “credible alternative” to China. Biden aims to use G20 summit and Vietnam visit to highlight US as trustworthy alternative to China 2023-09-07T04:00:00Z India also wants global regulation on cryptocurrencies and an overhaul of institutions like the World Bank and the IMF - these issues are likely to be less fractious. G20 India: Can a divided group deliver results? 2023-09-07T04:00:00Z The World Bank report was based on surveys across 17 countries, including Egypt, Argentina, Nigeria, Russia and China. Online gig work is growing rapidly, but workers lack job protections, a World Bank report says 2023-09-07T04:00:00Z Sullivan, in a briefing for reporters before Biden's trip, maintained that "World Bank reform is not about China, in no small part because China is a shareholder in the World Bank." Biden doubles down on emerging markets as Xi snubs G20 2023-09-07T04:00:00Z At a Paris summit in June this year, world leaders backed a push for multilateral development banks like the World Bank to put more capital at risk to boost lending. UN chief says global finance system fragmenting; Myanmar crisis worsens 2023-09-07T04:00:00Z A vote on her confirmation is scheduled for later on Wednesday, along with a procedural vote on the nomination of World Bank economist Adriana Kugler, U.S. US Senate confirms Jefferson as Fed vice chair; other nominees await votes 2023-09-06T04:00:00Z The World Bank estimates the cost of rebuilding the damage of the Russian invasion in Ukraine at $411 billion, Javorcik said, a sum too large for governments alone to come up with. EU accession prospects more important for Ukraine reconstruction than money -EBRD 2023-09-06T04:00:00Z For women in the developing world, “there aren’t enough opportunities and they really struggle to get good quality jobs because of constraints and household responsibilities,” said Namita Datta, lead author of the World Bank report. Online gig work is growing rapidly, but workers lack job protections, a World Bank report says 2023-09-07T04:00:00Z Washington thinks a rebooted World Bank could meet the Global South's needs and serve its own interests. Biden doubles down on emerging markets as Xi snubs G20 2023-09-07T04:00:00Z Biden will focus on reforming the World Bank and urging other multilateral development banks to boost lending for climate change and infrastructure projects during the summit, the White House said on Tuesday. Xi missing G20 summit not unusual, countries working on consensus, India says 2023-09-06T04:00:00Z According to the World Bank, the number of so-called minigrids, meaning solar systems that support a cluster of homes or businesses, has grown from 500 in Africa in 2000 to 3,000 today. As Africa Climate Summit promotes solar, off-grid power ramps up below the Sahara 2023-09-06T04:00:00Z President Joe Biden will focus on reforming the World Bank and urging other multilateral development banks to boost lending for climate change and infrastructure projects during the summit, the White House said on Tuesday. Xi, Putin missing G20 summit not unusual, India's foreign minister says 2023-09-06T04:00:00Z The Biden administration is pushing the World Bank, founded as World War Two drew to a close to alleviate poverty, as a counterpart to China's overseas lending. Biden to focus on World Bank reform, new funding at G20 in New Delhi 2023-09-05T04:00:00Z The Caribbean island nation is not a member of the International Monetary Fund nor the World Bank. Western creditors and Cuba pledge to salvage debt deal 2023-09-01T04:00:00Z Add to this the soaring inflation seen around the world and a lack of finance from lenders like the World Bank. What a doctor's death in a lift tells us about Africa's debt crisis 2023-08-31T04:00:00Z The World Bank says India is one of the fastest-growing economies of the world and is poised to continue on this path. India shows an impressive 7.8% economic growth in April-June quarter 2023-08-31T04:00:00Z A World Bank study a few years earlier rated Tampa as the planet’s seventh-most vulnerable city to major storms. Tampa Bay area gets serious flooding but again dodges a direct hit from a major hurricane. 2023-08-30T04:00:00Z The World Bank expects its food price index to average lower in 2023 compared with 2022, driven by lower oil and grain prices. Is India exporting food inflation to the world? 2023-08-30T04:00:00Z In January, the Gabonese government created a ministry to combat the high cost of living, according to the World Bank. Gabon’s wealthy, dynastic leader thought he could resist Africa’s trend of coups. He might be wrong 2023-08-30T04:00:00Z The World Bank each year revises a list of countries classed as "fragile and conflict-afflicted states," of which there are currently 39, and 21 are in Africa. Climate change may increase conflict deaths, says IMF 2023-08-30T04:00:00Z However, the World Bank said the persisting headwinds – rising borrowing costs, tightening financial conditions and ongoing inflationary pressures – are expected to weigh on India’s growth this year. India shows an impressive 7.8% economic growth in April-June quarter 2023-08-31T04:00:00Z The World Bank earlier this month announced a decision not to consider new loans to Uganda because of the law, drawing an angry response from President Yoweri Museveni. A Ugandan man is charged with aggravated homosexuality and faces the death penalty 2023-08-29T04:00:00Z The legislation has drawn widespread criticism outside the country and prompted the World Bank to halt loans to Uganda earlier this month. Uganda's anti-LGBT laws: Man faces death penalty for 'aggravated homosexuality' 2023-08-29T04:00:00Z Earlier this month, the World Bank suspended new public financing to Uganda in response to the law. Exclusive: First Ugandan charged with 'aggravated homosexuality' punishable by death 2023-08-28T04:00:00Z Some 23 million, or 44%, of Pakistani children aged four to 16 are out of school and the situation is worse for girls, according to government figures and the World Bank. Stranded cable car highlights Pakistan school accessibility crisis 2023-08-26T04:00:00Z Real gross domestic product growth is likely to moderate to 6.3% in the current financial year from an estimated 6.9% in the last financial year, the World Bank said. India shows an impressive 7.8% economic growth in April-June quarter 2023-08-31T04:00:00Z The fund has so far fallen short of the $200 million U.S. dollars it needs to become fully operational by December, as required by the World Bank as a trustee. Countries adopt multibillion-dollar fund to protect nature 2023-08-25T04:00:00Z Under what some financial experts and the World Bank described as a Ponzi scheme, Lebanon’s central bank enticed commercial banks to lend dollars at high interest rates to stay flush with cash. Lebanon’s interim central bank chief vows not to lend money to government 2023-08-25T04:00:00Z Jan Gunning, 74, professor emeritus in economics at the Vrije Universiteit in Holland, lived in D.C. decades ago and worked at the World Bank. Visitors to Lincoln Memorial say America has its flaws but see gains made since March on Washington 2023-08-24T04:00:00Z The World Bank is investing $300 million in rural infrastructure for the province in a project through 2027, with access to education in mind. Stranded cable car highlights Pakistan school accessibility crisis 2023-08-26T04:00:00Z Foreign lenders and donors have said a free and fair election was a pre-condition for any talks to help Zimbabwe resolve a debt crisis and access World Bank and International Monetary Fund loans. Zimbabwe election results start to trickle in after delays, activist arrests 2023-08-24T04:00:00Z Security Council, the International Monetary Fund and World Bank, stating that global governance structures "reflect yesterday's world". BRICS invites Saudi, Iran and others to join developing world bloc 2023-08-24T04:00:00Z "This is particularly true of the Security Council of the United Nations and the Bretton Woods institutions," he said, referring to the World Bank and International Monetary Fund. UN's Guterres: today's global governance structures reflect yesterday's world 2023-08-24T04:00:00Z Many in the Global South also view international institutions like the U.N., the World Bank and the International Monetary Fund as not serving their interests. China, Russia and other emerging economies turn to main summit agenda in South Africa 2023-08-23T04:00:00Z For years before the crisis hit, the central bank operated what the World Bank says amounted to a Ponzi scheme to keep the economy afloat. Four years into crisis, Lebanon’s leaders hope tourism boom will help bypass reforms in IMF bailout 2023-08-22T04:00:00Z Sluggish growth, low human capital, labour market weaknesses, and exposure to shocks are holding Nigeria’s poverty reduction efforts back, the World Bank said in report last year. UNICEF to commit $270 mln to support poverty alleviation in Nigeria 2023-08-22T04:00:00Z He said Biden would push to boost the lending capacity of the World Bank and the International Monetary Fund to provide a 'credible alternative' at the upcoming Group of 20 leaders summit in India. White House: China economic data less transparent in recent months 2023-08-22T04:00:00Z To step up the fight against climate change, World Bank President Ajay Banga wants to overhaul the lender’s balance sheet without overturning its credit rating. Bloomberg LP names Vlad Kliatchko CEO in top level overhaul - The Information 2023-08-21T04:00:00Z The wealthy West's domination of international bodies, such as the United Nations, the International Monetary Fund or the World Bank. BRICS expansion hopefuls seek to rebalance world order 2023-08-21T04:00:00Z It is one of the world's least developed countries with more than 40% of the population living in extreme poverty, according to the World Bank. Thousands of Niger junta supporters overwhelm call for civilian volunteers 2023-08-19T04:00:00Z The legislation prompted the World Bank to announce this month that it was halting new lending to the East African country. Emerging economies are pushing to end the dollar’s dominance. But what’s the alternative? 2023-08-18T04:00:00Z He acknowledged China is a major shareholder in both the World Bank and IMF, and that did not stand in the way of them working to aid low and middle-income countries. White House: China economic data less transparent in recent months 2023-08-22T04:00:00Z The World Bank estimated the fires cost Indonesia $16 billion, and a Harvard and Columbia study estimated the haze hastened 100,000 deaths in the region. Firefighters are trying to put out a peatland fire threatening homes on Indonesia’s Sumatra Island 2023-08-17T04:00:00Z The World Bank has warned that higher interest rates and tighter credit will take a bigger toll on global growth in 2024. Japan exports fall for first time since 2021, stoking concerns about economy 2023-08-17T04:00:00Z The average yearly income in Gabon is nearly $9,000, giving it the third-highest GDP per capita in sub-Saharan Africa, according to the World Bank. A $500 million deal to restore Gabon’s coast reignites climate finance debate 2023-08-15T04:00:00Z South Africa has the highest unemployment rate in the world, according to the World Bank, outstripping Gaza and the West Bank, Djibouti and Kosovo. South Africa’s unemployment is a ‘ticking time bomb.’ Anger rises with millions jobless 2023-08-14T04:00:00Z The World Bank said last month that the local currency, the afghani, gained value against major currencies. The Taliban are entrenched in Afghanistan after 2 years of rule. Women and girls pay the price 2023-08-13T04:00:00Z He said that concern explained the administration's request for supplemental funding of $3.3 billion to boost the World Bank's lending to developing countries and provide a credible alternative to what he called China's "dangerous" loans. Biden's 'ticking time bomb' remark referred to China's internal tensions -White House 2023-08-11T04:00:00Z According to the World Bank, 500 million women worldwide have no access to menstrual products. Period poverty: In Africa, women are being priced out of buying sanitary ware 2023-08-10T04:00:00Z "It is, therefore, unfortunate that the World Bank and other actors dare to want to coerce us into abandoning our faith, culture, principles and sovereignty, using money. They really underestimate all Africans," he said. Uganda president defiant after World Bank funding suspended over LGBT law 2023-08-10T04:00:00Z In response to the World Bank's decision, Uganda's state minister for foreign affairs Okello Oryem queried the consistency of the move compared to other countries. World Bank halts new Uganda loans over anti-LGBTQ+ law 2023-08-09T04:00:00Z The World Bank described revenue collection as “healthy” and said most basic items remained available, although demand is low. The Taliban are entrenched in Afghanistan after 2 years of rule. Women and girls pay the price 2023-08-13T04:00:00Z The World Bank statement noted that despite the latest decision it remains “committed to helping all Ugandans - without exception - escape poverty, access vital services, and improve their lives.” World Bank says no new funding to Uganda over anti-gay law 2023-08-09T04:00:00Z The World Bank said poverty appears to be widespread but updated information is lacking. Eritrea’s repressive government criticizes exiles who attack overseas festivals as ‘asylum scum’ 2023-08-09T04:00:00Z He added he hoped the World Bank would reconsider its decision. Uganda president defiant after World Bank funding suspended over LGBT law 2023-08-10T04:00:00Z The World Bank says it is halting new loans to Uganda because a new anti-gay law contradicts its core values. World Bank halts new Uganda loans over anti-LGBTQ+ law 2023-08-09T04:00:00Z The World Bank had deployed a team to Uganda after the law was enacted in May and determined that additional measures were necessary to ensure projects align with the bank’s environmental and social standards. World Bank says no new funding to Uganda over anti-gay law 2023-08-08T04:00:00Z The World Bank says poverty appears to be widespread but updated information is lacking: “The most recent available survey data from 1996/97 indicate a 70% poverty rate.” Eritrean festivals have been attacked in Europe, North America. The government blames ‘asylum scum’ 2023-08-08T04:00:00Z "Immediately after the law was enacted, the World Bank deployed a team to Uganda to review our portfolio in the context of the new legislation," the World Bank said in a statement. World Bank says Uganda's anti-LGBTQ law violates its values 2023-08-08T04:00:00Z It noted the WFP program is funded by the World Bank. The World Food Program slowly resumes food aid to Ethiopia after months of suspension and criticism 2023-08-08T04:00:00Z The World Bank said it was committed to helping all Ugandans without exception to "escape poverty, access vital services, and improve their lives". World Bank halts new Uganda loans over anti-LGBTQ+ law 2023-08-09T04:00:00Z “No new public financing to Uganda will be presented to our Board of Executive Directors until the efficacy of the additional measures has been tested,” the World Bank Group said in a statement on Tuesday. World Bank says no new funding to Uganda over anti-gay law 2023-08-08T04:00:00Z The World Bank has previously said six Pacific countries - Kiribati, Republic of the Marshall Islands, Federated States of Micronesia, Samoa, Tonga and Tuvalu - are at a high risk of debt distress. Public debt expected to fall in most Pacific countries -World Bank 2023-08-08T04:00:00Z No new public financing to Uganda will be presented to the World Bank's board of executive directors until "the efficacy of the additional measures has been tested," the World Bank said. World Bank says Uganda's anti-LGBTQ law violates its values 2023-08-08T04:00:00Z "Now the idea is not for the World Bank to be the only person putting the money. We put part of the money like a subsidy." World Bank to help fund 1,000 mini solar power grids in Nigeria 2023-08-05T04:00:00Z Uganda dismissed the move by the World Bank as unjust and hypocritical. World Bank halts new Uganda loans over anti-LGBTQ+ law 2023-08-09T04:00:00Z It has widespread support at home, and Ugandan officials have been defiant amid concern that partners such as the World Bank and others might withdraw resources over the legislation. World Bank says no new funding to Uganda over anti-gay law 2023-08-08T04:00:00Z China has a long history of savings rates being high - according to World Bank estimates the savings rate to GDP is the highest among large economies. Analysis-China's stubborn savers risk precipitating liquidity trap 2023-08-04T04:00:00Z The World Bank says Lebanon’s financial crisis is among the worst worldwide since the mid-19th century — a culmination of decades of financial mismanagement, corruption, and nefarious policy. Banks from 4 Arab countries are in talks to invest in struggling Lebanese banks, official says 2023-08-03T04:00:00Z World Bank data shows that in sub-Saharan Africa, 568 million people still lack access to electricity. World Bank to help fund 1,000 mini solar power grids in Nigeria 2023-08-05T04:00:00Z In a tweet, Ambassador Adonia Ayebare said it was time to rethink the World Bank's work methods and the board's decisions. World Bank halts new Uganda loans over anti-LGBTQ+ law 2023-08-09T04:00:00Z The World Bank statement noted that despite the latest decision it remains “committed to helping all Ugandans — without exception — escape poverty, access vital services, and improve their lives.” World Bank says no new funding to Uganda over anti-gay law 2023-08-08T04:00:00Z "As a result, the World Bank has paused disbursements for all operations until further notice other than private sector partnerships which will continue with caution." World Bank, 'alarmed' by events in Niger, pauses disbursements 2023-08-02T04:00:00Z Under what financial experts and the World Bank described as a Ponzi scheme, Lebanon’s central bank would entice commercial banks to lend dollars at high interest rates to stay flushed with cash. Banks from 4 Arab countries are in talks to invest in struggling Lebanese banks, official says 2023-08-03T04:00:00Z The government has insisted the economy is growing and projects a 6% expansion this year, more than double the International Monetary Fund and World Bank forecasts. In Zimbabwe, a post-Mugabe economic revival remains elusive ahead of vote 2023-08-02T04:00:00Z After deploying a team in May to Uganda, the World Bank released a statement on Tuesday saying the law "fundamentally contradicts the World Bank Group's values". World Bank halts new Uganda loans over anti-LGBTQ+ law 2023-08-09T04:00:00Z According to the World Bank Nigeria is one of the 10 countries most vulnerable to the impact of climate change due to "more intense and untimely" rainfall - with many Nigerians living in "fear and despair". James Cleverly accuses Russia of new low in Africa speech 2023-08-01T04:00:00Z The World Bank said it would continue monitoring the situation. World Bank, 'alarmed' by events in Niger, pauses disbursements 2023-08-02T04:00:00Z European Union and World Bank on needs following the dam collapse and should be ready “in a couple of weeks.” The $3.9 billion UN humanitarian appeal for Ukraine is only 30% funded, UN aid official says 2023-07-31T04:00:00Z So Mr Sonko's promise to create jobs and grow the economy, which the World Bank says slowed down last year, has attracted followers. Ousmane Sonko: Senegalese opposition leader charged - again 2023-07-31T04:00:00Z Niger is one of the poorest countries in the world, receiving close to $2 billion a year in official development assistance, according to the World Bank. Niger loses aid as Western countries condemn coup 2023-07-29T04:00:00Z Global poverty has declined in recent decades, but according to the World Bank at least half a billion people still live in extreme poverty. Opinion: Russia is deploying a new weapon in Ukraine: world hunger 2023-07-29T04:00:00Z This requires stronger engagement with allies and partners, particularly low- and middle-income countries, he said, adding that this also requires making sure that the International Monetary Fund and World Bank are “adequately” funded. US willing to take 'targeted' actions against China for national security, Treasury official says 2023-07-26T04:00:00Z In 2021 IMF Managing Director Kristalina Georgieva came under fire after allegations that while she was a World Bank official, she and others pressured staffers to change business rankings in an effort to placate China. Lawmakers press for more scrutiny over China’s ‘malign influence’ at development bank 2023-07-25T04:00:00Z Two thirds of the country’s 220 million people live in poverty, with an additional seven million expected to join them this year, according to the World Bank. Short-Term Pain for Long-term Gain? Nigerians Buckle Under Painful Cuts. 2023-07-24T04:00:00Z Venezuela ranks among the worst countries in the world in terms of the volume of gas flares produced by its decrepit fuel operations, according to the World Bank. Venezuela’s Oil Industry Is Broken. Now It’s Breaking the Environment. 2023-07-22T04:00:00Z The government and the World Bank estimated in a joint assessment in March that the cost of reconstruction and recovery in Ukraine had reached about $411 billion. World Bank's IFC considers $1.5 bln in investments in Ukraine banking, farming and infrastructure 2023-07-21T04:00:00Z Although attitudes are changing, the roughly 25 million Nigerians living with disabilities still face stigma and discrimination stemming from misconceptions about the causes of disabilities, according the World Bank. Blind church band shows Nigeria there's 'ability in disability' 2023-07-21T04:00:00Z Corruption in Afghanistan has fallen slightly in 2022, according to Berlin-based Transparency International - an organisation that tracks corruption globally using World Bank and World Economic Forum data. Taliban: MP claims Afghanistan a 'country transformed' 2023-07-18T04:00:00Z The new steps, still being discussed with shareholder countries, come on top of initial steps approved in April that will boost World Bank lending by up to $50 billion over the next decade. World Bank chief Banga unveils new plans to boost lending 'firepower' 2023-07-18T04:00:00Z And according to the World Bank, this is likely to continue for a while. Is the worst over for Sri Lanka's economic crisis? 2023-07-17T04:00:00Z Beyond debt distress, finance ministers are expected to discuss international efforts to modernize the World Bank and other regional development banks. Yellen Calls for Accelerating Debt Relief for Poor Countries 2023-07-16T04:00:00Z After the deaths, the World Bank approved funding for Gambia to build a medicines testing lab. Insight: The meds they bought were toxic. Now Gambian parents seek justice 2023-07-14T04:00:00Z The World Bank estimated Ukraine's reconstruction needs after the first year of the war at more than $400 billion over a decade. EU bank unveils new fund worth 400 million euros to help rebuild Ukraine 2023-07-13T04:00:00Z The World Bank lists sanctions among several shocks that have hit economic conditions, alongside armed conflict, drought, and the effects of a financial crisis in neighbouring Lebanon. Syrians still endure poverty despite relative calm and renewed Arab ties 2023-07-13T04:00:00Z Global Crisis Response Group sets out a roadmap to global financial stability including major reforms to the global financial architecture, especially the IMF and World Bank. 3.3 billion people live in countries that spend more on debt interest than education, UN says 2023-07-12T04:00:00Z "The political calculus is pretty clear," said Harry Broadman, a former White House, World Bank and U.S. trade official who is now a managing director with Berkeley Research Group. Analysis: Yellen raised China's hopes for tariff cut; U.S. politics will crush them 2023-07-12T04:00:00Z The World Bank and the CEOs will work "to develop, test, implement and ultimately scale financing structures that can most effectively mobilize private capital," Carney said in a statement. World Bank chief names CEOs to aid climate finance 'lab' effort 2023-07-10T04:00:00Z Pakistan said New Delhi had informed Islamabad about the release of water into the Ravi, as it is required to do under the 1960 Indus Water Treaty brokered by the World Bank. New Delhi schools close after monsoon floods kill at least 15, Pakistan on alert for more flooding 2023-07-10T04:00:00Z Economic Research Service poverty chart — while websites like those of Air France and the World Bank list Guam as a separate place entirely. The America That Americans Forget 2023-07-07T04:00:00Z To resolve the dispute, Pakistan sought resolution through PCA arbitration proceedings in 2016, prompting India to request that the World Bank appoint a neutral expert under the terms of the treaty. Hague court rejects India's objections over water treaty arbitration 2023-07-07T04:00:00Z Rising costs are having a toll on poverty, which nearly doubled to 25% of the population last year and could jump to 27.4% this year, according to the World Bank. Analysis: A year later, Sri Lanka's tentative economic recovery eludes the poor 2023-07-05T04:00:00Z The arrangement did not require that the World Bank or International Monetary Fund write off any debts, offering global policymakers like Ms. Yellen hope for similar debt restructuring in poorer countries. Yellen’s China Visit Aims to Ease Tensions Amid Deep Divisions 2023-07-04T04:00:00Z Banga began as World Bank president last month and asked staff to double down on development and climate efforts to accelerate the bank's evolution to tackle global problems. World Bank, WTO chiefs seek to reignite services trade negotiations 2023-07-03T04:00:00Z Now, it is considered an upper-middle-income country with robust infrastructure and the sixth highest economic output per person, according to the World Bank. Botswana and De Beers Sign Deal to Continue Rich Diamond Partnership 2023-07-01T04:00:00Z Prime Minister Denys Shmyhal said on Friday Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery. Ukraine pressed to restore anti-corruption disclosure requirement lifted for war 2023-06-30T04:00:00Z Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal said on Friday. Facade of Paris 2024 Olympic aquatic centre damaged by rioters 2023-06-30T04:00:00Z Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal said on Friday. Poland arrests Russian ice-hockey player on spying charges 2023-06-30T04:00:00Z Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal said on Friday. Japan would welcome EU lifting restrictions on food 2023-06-30T04:00:00Z Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal said on Friday. US B-52 bomber joins drills with South Korea amid North Korea tension 2023-06-30T04:00:00Z Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal said on Friday. UN pares down list of firms doing business with Israeli settlements 2023-06-30T04:00:00Z Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal said on Friday. US official visits Taiwan to discuss US-hosted APEC meetings 2023-06-30T04:00:00Z Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal said on Friday. Lavrov, asked about failed mutiny aftermath, says Russia always emerges stronger from trouble 2023-06-30T04:00:00Z Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal said on Friday. Ukraine says its forces advance in all directions of counteroffensive 2023-06-30T04:00:00Z The World Bank said on Friday it has approved $1.5 billion in financing to accelerate the development of India's low carbon energy sector. Colombia central bank set to hold rate, market looks for signs of coming cuts 2023-06-30T04:00:00Z The World Bank said on Friday it has approved $1.5 billion in financing to accelerate the development of India's low carbon energy sector. POLL RBA to raise rates to 4.35% on July 4 but decision on a knife edge 2023-06-30T04:00:00Z Many Batswana, as the country’s citizens are called, are also demanding more from the deal because their country is one of the most unequal in the world, according to the World Bank. Botswana Supplies the World With Diamonds. It Wants More of the Profits. 2023-06-29T04:00:00Z Meanwhile the World Bank announced Thursday that its directors have approved $700 million in financing for Sri Lanka’s projects on economic stability and support for the poor and vulnerable. Sri Lanka spares banks in its $ 19.8 billion local debt restructuring plan 2023-06-29T04:00:00Z The World Bank estimates that one in four EMDEs have effectively lost access to international bond markets, a key source of hard currency needed to pay for oil and commodities like food. Analysis: Dollar drought haunts frontier economies 2023-06-29T04:00:00Z Earlier on Thursday, the World Bank approved $700 million in budgetary and welfare support for the country, the biggest funding tranche for the island nation since the IMF deal in March. Sri Lanka asks dollar debt holders for 30% haircut 2023-06-29T04:00:00Z This comes as it secured $700m in support from multinational lender the World Bank. Sri Lanka: Five-day bank holiday for domestic debt restructuring 2023-06-29T04:00:00Z Morocco’s labor market, for example, “doesn’t seem in great shape to pick up this challenge,” World Bank economist Federica Marzo said. Morocco opens doors to businesses from both sides of the new Cold War 2023-06-26T04:00:00Z About 30% of the population was living below the government's poverty line before the Covid-19 pandemic, and the World Bank says the figure is likely to have risen since then. Hajj: Price rises making pilgrimage increasingly unaffordable 2023-06-28T04:00:00Z Echoing the World Bank, JPMorgan calculates that 21 countries with a combined $240 billion of international debt are now effectively locked out capital markets - a near record. Analysis: Dollar drought haunts frontier economies 2023-06-29T04:00:00Z Economic downturn has stalled hopes of recovery in a country where widespread underemployment persists and over half of the population lives in poverty, according to the World Bank. Sierra Leone main opposition party rejects partial presidential poll results 2023-06-27T04:00:00Z The World Bank said in a statement on Thursday that it would provide support in a "phased approach". Sri Lanka: Five-day bank holiday for domestic debt restructuring 2023-06-29T04:00:00Z "By implementing these reforms, Montenegro can expect a thriving private sector, significant job opportunities and ultimately improved wages and benefits for all its citizens," said Christopher Sheldon, World Bank Country Manager for Bosnia and Montenegro. EU aspirant Montenegro must adjust its growth strategy, says World Bank 2023-06-27T04:00:00Z Widespread underemployment persists with over half of the population living in poverty, according to the World Bank. Sierra Leoneans vote in election with cost-of-living centre stage 2023-06-24T04:00:00Z The World Bank has estimated the cost of the invaded nation’s reconstruction at more than $400 billion, a figure rising daily alongside the human toll of Russia’s aggression. Allies pledge billions for Ukraine rebuilding and seek big-business investment at London conference 2023-06-21T04:00:00Z Many in attendance, however, said over the two-day summit that the World Bank and the International Monetary Fund were increasingly ill-suited for tackling the most pressing challenges and needed a broad revamp. Rich nations pledge to unlock hundreds of billions of dollars for climate fight 2023-06-23T04:00:00Z Lula also said the United Nations needed to regain political strength and he criticised the World Bank and International Monetary Fund for "leaving a lot to be desired" compared to people's expectations. Brazil says it cannot agree to EU's proposal for Mercosur trade deal 2023-06-23T04:00:00Z It’s supported by $497 million, most of it from the World Bank. Shifting S. Africa coal plant for clean energy needs millions in loans. Experts say that’s a problem 2023-06-21T04:00:00Z The World Bank says as many as 46% of the nation’s more than 200 million people do not have access to electricity. They fled the war in Nigeria’s northeast. Then bulldozers levelled their homes at a camp in Abuja 2023-06-22T04:00:00Z Earlier on Thursday, the World Bank said it would ease financing for countries hit by natural disasters and the International Monetary Fund said it hit a target to make $100 billion available for vulnerable nations. Billie Eilish, Lenny Kravitz perform at concert tied to Paris summit 2023-06-22T04:00:00Z China - the world's largest bilateral creditor - has been pushing for lenders like the World Bank or the IMF to absorb some of the losses, which the institutions and Western countries oppose. Rich nations pledge to unlock hundreds of billions of dollars for climate fight 2023-06-23T04:00:00Z Kugler, whose background is in international and labor economics, has been on leave from Georgetown to serve as the United States’ representative on the board of the World Bank. Biden’s 3 Federal Reserve nominees appear likely to win Senate approval 2023-06-21T04:00:00Z Another would have the World Bank and other multilateral development banks offer currency risk guarantees so investors aren’t worried about currency fluctuations. Shifting S. Africa coal plant for clean energy needs millions in loans. Experts say that’s a problem 2023-06-21T04:00:00Z The World Bank has estimated Ukraine's reconstruction will cost at least $411 billion to cover damage suffered in the first year of the war - two times Ukraine's pre-invasion GDP. Ukraine plans to restore pre-war tax system by July -Finance Minister 2023-06-22T04:00:00Z Amid key topics to be discussed in Paris are changes needed in the way the World Bank and the International Monetary Fund are lending and granting money to the most vulnerable countries. Climate activist Nakate urges rich countries to cancel debt, grant climate finance at Paris summit 2023-06-22T04:00:00Z The reference is to the 1944 gathering in New Hampshire where diplomats hammered out the monetary institutions to rebuild countries after World War II — the World Bank and the International Monetary Fund. Countries on Front Lines of Climate Change Seek New Lifeline in Paris 2023-06-22T04:00:00Z Such clauses could be part of a broader reform of the World Bank to free up more funds, Yellen told journalists in the French capital. World Bank should add disaster clauses to debt agreements- Yellen 2023-06-22T04:00:00Z Other climate experts fear the World Bank and other development banks just don’t have the money to support the clean energy transition in the developing world. Shifting S. Africa coal plant for clean energy needs millions in loans. Experts say that’s a problem 2023-06-21T04:00:00Z Leaders are set to back a push for multilateral development banks like the World Bank to put more capital at risk to boost lending, according to a draft summit statement seen by Reuters. Leaders head to Paris to give impetus for new global finance agenda 2023-06-22T04:00:00Z One proposal is that institutions like the World Bank offer cheaper loans for climate action projects. Barbados PM fights for shake-up of global climate finance 2023-06-21T04:00:00Z Just five years ago, a discussion on World Bank reform would have been taboo, said Laurence Tubiana, chief executive of the European Climate Foundation and one of the architects of the 2015 Paris agreement. Countries on Front Lines of Climate Change Seek New Lifeline in Paris 2023-06-22T04:00:00Z Mr. Roet worked for the Israeli Ministry of Finance and what is now the Ministry of Economy and Industry, and for the World Bank in Washington. Haim Roet, Who Kept Holocaust Victims’ Names Alive, Dies at 90 2023-06-21T04:00:00Z Some of the World Bank money is to go toward retraining former plant employees; this week, power utility Eskom invited bids for a plan to mitigate the effect of the plant’s closure on surrounding communities. Shifting S. Africa coal plant for clean energy needs millions in loans. Experts say that’s a problem 2023-06-21T04:00:00Z Globally, these public and private assets are estimated to be worth at least $300 billion, a sizable chunk of the total reconstruction cost, which the World Bank currently estimates at more than $411 billion. Allies Pledge Billions for Ukraine’s Recovery as Zelensky Stresses Urgency 2023-06-21T04:00:00Z Another suggestion is for institutions like the World Bank should agree to guarantee loans for climate action in developing nations. Barbados PM fights for shake-up of global climate finance 2023-06-21T04:00:00Z Cook attended the hearing with Philip Jefferson, a Fed governor nominated to become vice chair, and Adriana Kugler, the U.S. executive director to the World Bank who has been nominated to fill a governor slot. Fed nominees stress importance of inflation, job mandates in Senate hearing 2023-06-21T04:00:00Z Governments are looking at ways to allow the World Bank to use leverage to lend more to poor countries without putting its top AAA credit rating a risk. Yellen to push for concrete actions at Paris debt summit 2023-06-21T04:00:00Z The World Bank has estimated the cost of the reconstruction at more than $400 billion, a figure rising daily alongside the human toll of Russia’s invasion. Allies pledge billions for Ukraine rebuilding and seek big-business investment at London conference 2023-06-21T04:00:00Z The World Bank’s estimate of the reconstruction costs doesn’t cover the far-flung damage caused by the destruction of the Kakhovka dam in southern Ukraine this month. Allies Pledge Billions for Ukraine’s Recovery as Zelensky Stresses Urgency 2023-06-21T04:00:00Z It’s been hard, however, to summon the political will to spend taxpayer money to combat climate change, said Ahmed, a former senior official in both the IMF and World Bank. Paris summit aims to shake up the financial system. It will test leaders’ resolve on climate 2023-06-20T04:00:00Z Ukraine's economy will need external help for many years to come, a senior World Bank official has told the BBC. Ukraine war: Push to rebuild economy starts with UK's $3bn 2023-06-20T04:00:00Z The total bill will be huge, with Ukraine, the World Bank, the European Commission and the United Nations estimating in March that the cost was at $411 billion for the first year of the war. At recovery summit, UK's Sunak to unveil major Ukraine support 2023-06-20T04:00:00Z The World Bank has already mobilised financing support for the transport and energy sectors. World Bank aims to expand Ukraine aid for energy, transport projects during recovery 2023-06-20T04:00:00Z Ukraine’s reconstruction costs are estimated to top $411 billion, according to the most recent numbers from the World Bank, the European Commission and the United Nations. The U.K. moves to use frozen Russian assets to help Ukraine rebuild. 2023-06-20T04:00:00Z Earlier this year, the World Bank announced that it would increase its lending by $50 billion over the next 10 years to combat extreme poverty and mitigate and adapt to climate change. Paris summit aims to shake up the financial system. It will test leaders’ resolve on climate 2023-06-20T04:00:00Z The World Bank and other multilateral development bodies are playing a key role in the Ukraine Recovery Conference which is focusing on the role the private sector can play in rebuilding the country. Ukraine war: Push to rebuild economy starts with UK's $3bn 2023-06-20T04:00:00Z Ajay Banga, president of the World Bank Group, said the guarantees would allow it to continue to help "people rebuild their lives after devastation". At recovery summit, UK's Sunak to unveil major Ukraine support 2023-06-20T04:00:00Z "The war is going to be long, so the economy needs some basic revival even if no big reconstruction can be done yet," World Bank regional country director Arup Banerji said. World Bank aims to expand Ukraine aid for energy, transport projects during recovery 2023-06-20T04:00:00Z The World Bank estimates Ukraine's reconstruction will cost more than $400 billion, three times the country's gross domestic product. EU to unveil 50 bln euro aid package for Ukraine - sources 2023-06-20T04:00:00Z The World Bank is trying to bounce back from comments by former President David Malpass seeming to doubt the science that burning fossil fuels causes global warming. Paris summit aims to shake up the financial system. It will test leaders’ resolve on climate 2023-06-20T04:00:00Z That will be key to providing the jobs and innovation that will drive Ukraine's recovery according to the World Bank's Ms Bjerde. Ukraine war: Push to rebuild economy starts with UK's $3bn 2023-06-20T04:00:00Z The G20 and other shareholders of the World Bank, IMF and development institutions should fully implement the 2022 recommendations of a panel of experts aimed at boosting lending by the multilateral development banks. Explainer: What is the 'Bridgetown Initiative' asking for at Paris financial summit? 2023-06-20T04:00:00Z Analysis: “Nearly all the economic forces that powered progress and prosperity over the last three decades are fading,” the World Bank recently warned. Your Monday Briefing 2023-06-19T04:00:00Z The World Bank estimates Ukraine's reconstruction will cost $411 billion, three times the country's gross domestic product. Ukraine targets initial $40 bln for 'Green Marshall Plan' 2023-06-18T04:00:00Z The World Bank and IMF did not immediately offer comment. Paris summit aims to shake up the financial system. It will test leaders’ resolve on climate 2023-06-20T04:00:00Z The war and the pandemic may have set the global economy back by a decade, the World Bank said. Your Monday Briefing: Blinken in Beijing 2023-06-18T04:00:00Z War and the pandemic may set the global economy back by a decade, the World Bank warned. The Tyranny of Relentless Positivity 2023-06-18T04:00:00Z The G20 this year also invited nine non-member "guest" countries, including Bangladesh, Singapore, Spain and Nigeria, besides international organisations such as the United Nations, World Health Organization, the World Bank and the IMF. India's Modi seeks African Union's full membership in G20 2023-06-18T04:00:00Z Some loans — whether from private lenders or institutions like the World Bank — didn’t produce enough returns to pay off the debt. Why It Seems Everything We Knew About the Global Economy Is No Longer True 2023-06-18T04:00:00Z She has described climate change as an “existential crisis” that no one country could fight alone and called for official reforms of the World Bank and IMF. Paris summit aims to shake up the financial system. It will test leaders’ resolve on climate 2023-06-20T04:00:00Z And he describes the IMF and World Bank ’s response to the COVID-19 pandemic as a “glaring failure” that left dozens of countries deeply indebted. UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z The World Bank approved a new $500 million loan to Costa Rica aimed at strengthening support for the government's budget, according to a statement from the international lender released on Friday. World Bank green lights $500 mln loan to boost Costa Rica's budget 2023-06-17T04:00:00Z The AIIB, seen by some as a Chinese rival to the World Bank and Asian Development Bank, was founded in 2016 to finance railways and other infrastructure. Canadian quits Chinese-founded development bank, complains ‘Communist Party hacks’ dominate it 2023-06-14T04:00:00Z “Nearly all the economic forces that powered progress and prosperity over the last three decades are fading,” the World Bank warned in a recent analysis. Why It Seems Everything We Knew About the Global Economy Is No Longer True 2023-06-18T04:00:00Z The World Bank estimated over $5 billion in damages, as the quake destroyed homes and hospitals and further crippled Syria’s poor power and water infrastructure. As conditions for Syrians worsen, aid organizations struggle to catch the world’s attention again 2023-06-13T04:00:00Z The World Bank Group said in January that its shareholders have initiated a process “to better address the scale of development.” UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z She emphasized a growing need for international financial institutions like the World Bank and the International Monetary Fund to help the most vulnerable economies. Yellen Says Bid to Decouple From China Would Be ‘Disastrous’ 2023-06-13T04:00:00Z Jordan’s government and the World Bank did not immediately respond to requests for comment. Rights group: World Bank, Jordan use flawed formula for aid to kingdom, excluding some poor people 2023-06-13T04:00:00Z “Rays of sunshine in the global economy we saw earlier in the year have been fading, and gray days likely lie ahead,” said Ayhan Kose, deputy chief economist at the World Bank Group. World Bank Projects Weak Global Growth Amid Rising Interest Rates 2023-06-06T04:00:00Z Guangzhe Chen, the World Bank’s vice president for infrastructure, called for urgent efforts “to ensure that the poorest and hardest-to-reach people are not left behind.” Report says 2.3 billion people globally use polluting fuel to cook; 675 million have no electricity 2023-06-06T04:00:00Z Guterres’ push for reforming the IMF and World Bank comes as the United Nations also faces demands for an overhaul of its structure, which still reflects the post-World War II global order. UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z The World Bank called it “precarious” and warned of sluggish growth, while the O.E.C.D. offered muted optimism and foresaw a “long road to recovery.” Saudi Arabia’s Golf Deal Bolsters Its Geopolitical Ambitions 2023-06-07T04:00:00Z South Asia has nine of the world’s 10 cities with the worst air, and “persistently hazardous” pollution that causes an estimated two million premature deaths a year, the World Bank said in a recent report. Air Quality This Week Gives U.S. a Glimpse of the World’s Air Pollution 2023-06-07T04:00:00Z According to the World Bank, 14 of 28 low-income countries are in debt distress or at a high risk of debt distress. World Bank Projects Weak Global Growth Amid Rising Interest Rates 2023-06-06T04:00:00Z As many as 46% of Nigeria’s people do not have access to electricity, the World Bank says. Nigeria’s president defends end to fuel subsidy as hardship bites harder 2023-06-08T04:00:00Z U.S. climate chief John Kerry said in an Associated Press interview Wednesday that he will be attending the Paris summit along with IMF and World Bank officials. UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z It was a more optimistic outlook than the World Bank gave Tuesday, citing similar risks in its expectation for 2.1% global growth this year. Persistent inflation, higher interest rates will weigh on global economy, OECD predicts 2023-06-07T04:00:00Z Anna Bjerde, the World Bank's managing director for operations, in a tweet said the destruction of the Novo Kakhovka dam had "many very serious consequences for essential service delivery and the broader environment." World Bank to conduct rapid assessment of damages after destruction of Ukraine dam 2023-06-07T04:00:00Z The World Bank estimated on Tuesday that in 2024, incomes in the poorest countries would be 6 percent lower than in 2019. World Bank Projects Weak Global Growth Amid Rising Interest Rates 2023-06-06T04:00:00Z The World Bank warned of sluggish growth in the global economy this year and next, as rising interest rates slow spending and investment. Your Wednesday Briefing: A Dam Destroyed in Ukraine 2023-06-06T04:00:00Z Neither the IMF nor the World Bank would comment directly on the secretary-general’s criticisms and proposals. UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z South Asia has nine of the world’s 10 cities with the worst air, and hazardous pollution causes an estimated two million premature deaths a year, according to the World Bank. Your Thursday Briefing: A Dangerous Haze Across North America 2023-06-07T04:00:00Z The World Bank said that real global gross domestic product is set to climb 2.1% this year, in its latest Global Economic Prospects report. Man Group CEO says central banks have made little difference to inflation 2023-06-07T04:00:00Z The World Bank sees widespread slowdowns in advanced economies, too. World Bank Projects Weak Global Growth Amid Rising Interest Rates 2023-06-06T04:00:00Z Real global GDP is set to climb 2.1% this year, the World Bank said in its latest Global Economic Prospects report. World Bank lifts 2023 global growth forecasts, but cuts next year's outlook 2023-06-06T04:00:00Z Guterres said it’s time for the boards of the IMF and the World Bank to right what he called the historic wrongs and “bias and injustice built into the current international financial architecture.” UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z Indonesian experienced devastating forest fires in 2019 which blanketed the country and the region with haze and caused about $5.2 billion of economic losses in the eight affected provinces, according to the World Bank. Indonesia braces for forest fires, crop loss from severe dry season 2023-06-06T04:00:00Z The move would signify a return by the country - which is the world’s 19th largest economy according to the World Bank - to more orthodox economic policies. Turkey’s Erdogan takes oath of office, ushering in his third presidential term 2023-06-03T04:00:00Z Inflation is expected to continue to moderate this year, but the World Bank expects that prices will remain above central bank targets in many countries throughout 2024. World Bank Projects Weak Global Growth Amid Rising Interest Rates 2023-06-06T04:00:00Z The U.S., the World Bank's largest shareholder, has traditionally chosen an American to run the institution, while Europe has chosen the head of the International Monetary Fund. World Bank's new chief asks staff to 'double down' on development, climate efforts 2023-06-02T04:00:00Z The IMF and what is now known as the World Bank Group were created at a conference in Bretton Woods, New Hampshire, in July 1944 to be key institutions of a postwar international monetary system. UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z Rebuilding Ukraine's economy is expected to cost $411 billion, a most recent study by the World Bank, United Nations, European Commission and Ukraine found. Polish official sees deal on Ukraine railway link in June 2023-06-02T04:00:00Z The World Bank’s executive board approved Mr. Banga in May following an extensive listening tour that included visits to eight countries and dozens of meetings with government officials around the world. Ajay Banga Era Begins at the World Bank 2023-06-02T04:00:00Z Gambia is planning to build a testing facility for imported drugs with support from the World Bank, the bank told Reuters. Exclusive: Gambia hires US law firm to consider action on toxic Indian cough syrup, minister says 2023-06-01T04:00:00Z Yellen last year began pressing the World Bank and other multilateral lenders to revamp their business models and dramatically scale up lending resources to address climate change, pandemics, food security and other global crises. World Bank's new chief asks staff to 'double down' on development, climate efforts 2023-06-02T04:00:00Z The World Bank would provide financial assistance for postwar reconstruction and for building the economies of less developed countries. UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z The World Bank and the International Monetary Fund froze $6 billion in immediate assistance and plans to forgive $50 billion of debt. U.S. Imposes Sanctions on Warring Sudanese Factions 2023-06-01T04:00:00Z Climate activists plan to appear outside the World Bank on Friday and attempt to hand postcards to staff with demands that they want Mr. Banga to heed during his first 100 days on the job. Ajay Banga Era Begins at the World Bank 2023-06-02T04:00:00Z Berk Özler, a developmental economist in the World Bank’s research division, offered an alternate explanation. How to Lower Deaths Among Women? Give Away Cash. 2023-05-31T04:00:00Z He added this would require "all shoulders to the wheel," and all of the World Bank's divisions working together to deliver solutions needed by the world. World Bank's new chief asks staff to 'double down' on development, climate efforts 2023-06-02T04:00:00Z He said the World Bank has $22 billion in paid capital, the money used for low-interest loans and grants for government development programs. UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z Reforms that Kenya will adopt under the latest agreement include the elimination of administrative price-setting for publicly procured cereals and the streamlining of the state’s exit from commercial investments, the World Bank said. World Bank approves $1 billion loan to Kenya 2023-05-30T04:00:00Z They continue to be frustrated that the World Bank finances coal, oil and gas projects despite its pledges to prioritize clean energy projects. Ajay Banga Era Begins at the World Bank 2023-06-02T04:00:00Z The pandemic drove 97 million additional people into extreme poverty in 2020, according to a World Bank estimate, prompting more countries to start cash transfer programs. How to Lower Deaths Among Women? Give Away Cash. 2023-05-31T04:00:00Z Pepperdine’s campus is on Pennsylvania Avenue, three blocks from the White House and a short walk from the World Bank, the State Department and the Federal Reserve. Satellite campuses of far-flung colleges in orbit around nation’s capital 2023-05-29T04:00:00Z The economic recovery has been supported by a comprehensive and timely policy mix of fiscal and monetary policies, which respectively should continue to be implemented proactively and prudently, Arkhom Termpittayapaisith told a World Bank forum. Thai economy resilient, on path to full recovery - finmin 2023-05-29T04:00:00Z Across the globe, the World Bank says that at least 500 million women and girls lack access to the facilities they need during their periods. South Africa period poverty: 'I don't want anyone else to use rags for sanitary pads' 2023-05-27T04:00:00Z Mr. Banga is expected to use his expertise to amplify the resources of the World Bank and build new partnerships between the private and public sectors. Ajay Banga Era Begins at the World Bank 2023-06-02T04:00:00Z The outgoing government has also managed to secure an $800m World Bank loan, intended to beef up its welfare scheme for vulnerable Nigerians who will be most affected by the loss of the subsidy. Bola Tinubu inauguration: The five tests awaiting Nigeria's new president 2023-05-26T04:00:00Z Three years without adequate rain are likely a result of climate change, which the World Bank has said will make Tunisia hotter and drier. As drought withers Tunisian fields, state feels financial pinch 2023-05-25T04:00:00Z The World Bank in a statement on Monday said Thailand now needed to address growing spending needs, while keeping public debt under control. Thai economy resilient, on path to full recovery - finmin 2023-05-29T04:00:00Z He is also seeking to advance reforms at the World Bank to make up to $1 trillion in additional financing available. Lenny Kravitz, Billie Eilish set for Global Citizen’s ‘Power Our Planet’ show for climate financing 2023-05-23T04:00:00Z The former finance executive added in his memo that accomplishing the World Bank’s many goals will require an annual global investment of trillions of dollars. Ajay Banga Era Begins at the World Bank 2023-06-02T04:00:00Z The World Bank, whose 25-member executive board on May 3 elected a new president, wants to increase lending to ensure it can better tackle issues such as climate change, pandemics and conflict. World Bank seeks grants, new capital to fight global crises 2023-05-23T04:00:00Z Last year the World Bank granted Tunisia $130 million to help it import wheat at global prices inflated since the war in Ukraine. As drought withers Tunisian fields, state feels financial pinch 2023-05-25T04:00:00Z The largest donors are USAID, the U.S. foreign aid agency, and the World Bank, where the U.S. has the largest voting power. The Supreme Court Needs the Judicial Reforms We Champion For Everyone Else 2023-05-22T04:00:00Z His borrowing spree has drawn warnings from the World Bank that Africa's largest economy was using 96% of its revenue to service debts. Nigeria's Muhammadu Buhari leaves legacy of kidnapping, inflation and debt 2023-05-20T04:00:00Z He will also confront the delicate task of urging China, a major World Bank shareholder and creditor, to allow poor countries that have borrowed huge sums from Beijing to restructure their debts. Ajay Banga Era Begins at the World Bank 2023-06-02T04:00:00Z "There's a lot of good efforts by World Bank management to look at all opportunities to maximise capital and freeing up resources internally first, through balance sheet optimisation and so forth." World Bank seeks grants, new capital to fight global crises 2023-05-23T04:00:00Z That agreement fixed the dollar as the monetary reserve of the western world, created the International Monetary Fund and the World Bank to stabilize the international economy, and fixed currency exchange rates. Western Civilization: A Concise History 2020-01-01T00:00:00Z I am working on one of these judicial reforms in Kenya, measures supported financially by the World Bank to the tune of $120 million. The Supreme Court Needs the Judicial Reforms We Champion For Everyone Else 2023-05-22T04:00:00Z The World Bank estimates that more than 200 million people could become climate refugees, people forced to flee their homes to find livable climates in other areas, over the next few decades. World History: from 1400 2022-12-14T00:00:00Z The World Bank president is traditionally chosen by the United States; the managing director of the International Monetary Fund is selected by the European Union. Ajay Banga Era Begins at the World Bank 2023-06-02T04:00:00Z The World Bank's "evolution road map" calls on its management to develop specific proposals to change its mission, operating model and financial capacity. World Bank seeks grants, new capital to fight global crises 2023-05-23T04:00:00Z It said that if it is to accede to IMF and World Bank demands to forgive a portion of its loans, so do those multilateral lenders, which it views as U.S. proxies. China’s loans pushing world’s poorest countries to brink of collapse 2023-05-18T04:00:00Z The World Bank and the Kenyan judiciary have developed a systematic data collection effort within the courts to understand their inner workings and measure performance, as well as identify problems. The Supreme Court Needs the Judicial Reforms We Champion For Everyone Else 2023-05-22T04:00:00Z In the aftermath of the protests, which drew international media attention, the World Bank promised to study and revise its procedures and recommendations. World History: from 1400 2022-12-14T00:00:00Z Development partners, including the World Bank, have promised to help the country come out of its economic quagmire, while investors are now likely to return without fear of losing their money. Ghana IMF loan: Will $3bn solve the economic crisis? 2023-05-18T04:00:00Z The World Bank last month said that Fiji must also take urgent action to reduce its debt burden. Six Pacific countries at high risk of debt distress - World Bank 2023-05-18T04:00:00Z Ashfaq Hassan, a former debt official at Pakistan’s Ministry of Finance, said his country’s debt burden is too heavy and time too short for the IMF and World Bank to hold out. China’s loans pushing world’s poorest countries to brink of collapse 2023-05-18T04:00:00Z The World Bank and the Kenyan judiciary are thus pushing courts in a new era of data access, transparency and scientific experimentation. The Supreme Court Needs the Judicial Reforms We Champion For Everyone Else 2023-05-22T04:00:00Z The World Bank has encouraged community-driven development by supporting government planning and investments that prioritize a bottom-up approach. World History: from 1400 2022-12-14T00:00:00Z Six Pacific countries are at a high risk of debt distress in part due to government spending to respond to the COVID-19 crisis, the World Bank said in a report on Thursday. Dollar firms on optimism over US debt ceiling talks, Aussie slips after jobs data 2023-05-18T04:00:00Z If efficiency standards don’t improve, “then the planet will literally be cooked,” said Abhas Jha, a World Bank expert on climate change based in Singapore. A billion new air conditioners will save lives but cook the planet 2023-05-17T04:00:00Z The hunt began in 2011 when a top World Bank economist asked Parks to take over the job of looking into Chinese loans. China’s loans pushing world’s poorest countries to brink of collapse 2023-05-18T04:00:00Z The World Bank has suspended funding for humanitarian and development projects in Democratic Republic of Congo worth more than $1 billion after the government dissolved the project fund without warning, the lender said. Moldovan region headed for clash with pro-European government 2023-05-16T04:00:00Z Similar criticisms have been directed against the World Bank. World History: from 1400 2022-12-14T00:00:00Z In the letter dated May 12, the World Bank's director of operations for the country, Albert Zeufack, said the institution had found out about the decision in the press. World Bank suspends $1 bln worth of project funding in Congo 2023-05-16T04:00:00Z Similar schemes in other places, including Bangladesh and sub-Saharan Africa, have helped provide electricity for millions, according to the World Bank. Off-grid solar brings light, time and income to remotest villages 2023-05-14T04:00:00Z Within months, using online data-mining techniques, Parks and a few researchers began uncovering hundreds of loans the World Bank had not known about. China’s loans pushing world’s poorest countries to brink of collapse 2023-05-18T04:00:00Z Inflation has been a problem across the world but Argentina is second in a World Bank ranking of countries with the highest food inflation, at 107% over the last year. Inflation in Argentina leaves families struggling to feed themselves 2023-05-12T04:00:00Z Biden appointed her last year to her World Bank role, in which she is one of 25 national executive directors at the global development lender. Biden nominates Jefferson as Fed Vice Chair, Kugler to Fed Board 2023-05-12T04:00:00Z Kugler, 53, who has a background in international and labor economics, is on leave from Georgetown to serve as the United States’ representative on the board of the World Bank. Biden taps Philip Jefferson to be Fed’s vice chair, Kugler as first Hispanic on Fed board 2023-05-12T04:00:00Z Mr. Dervis had been working in various posts for the World Bank for two decades when, in early 2001, prices in Turkey began skyrocketing and the currency, the lira, plunged in value. Kemal Dervis, Who Eased Turkey’s Economic Crisis, Dies at 74 2023-05-11T04:00:00Z China has historically had high savings rates as a proportion of GDP - the highest by far among large economies according to the World Bank. Analysis-China's deposit pile stands in the way of recovery 2023-05-11T04:00:00Z Others invitees to the meetings in Niigata include the European Union, IMF and World Bank, and the finance ministers of Brazil, Comoros, India, Indonesia, South Korea and Singapore. G7 finance ministers tackle global economic challenges as Yellen seeks to reassure on debt standoff 2023-05-10T04:00:00Z According to data from the World Bank, the female participation rate in India's labour force was at its peak in 2000 at 31%. India’s booming population needs more women at work 2023-05-09T04:00:00Z It’s expected to have one of the world’s fastest-growing economies, too, according to a World Bank report. Oil boom transforms Guyana, prompting a scramble for spoils 2023-05-04T04:00:00Z The meltdown was fast-moving, and Mr. Dervis, at the time a vice president of the World Bank, was seen as a savior. Kemal Dervis, Who Eased Turkey’s Economic Crisis, Dies at 74 2023-05-11T04:00:00Z For those more worried about economics than life on Earth, the World Bank estimates that ecosystem collapse could cost $2.7 trillion a year by 2030. Population Decline Will Change the World for the Better 2023-05-04T04:00:00Z The US, the World Bank's biggest shareholder, has traditionally been in charge of selecting the person to lead the institution, which lends billions of dollars to countries each year. Biden pick Ajay Banga gets top World Bank job 2023-05-03T04:00:00Z The benefits include a decoupling from the "very heavy volatility of the prices of fossil fuels", according to the World Bank's lead economist for the region, Moez Cherif. Can Morocco solve Europe’s energy crisis? 2023-05-03T04:00:00Z One of the sources said Banga had impressed World Bank shareholders in recent weeks as a "true change maker" who will help accelerate reforms at the global development bank. World Bank board poised to elect US nominee Ajay Banga as president 2023-05-03T04:00:00Z "We have capabilities to serve our clients, who can be cities, schools, hospitals, governments; we bank the IMF, the World Bank," the banker said in a conference call after the deal. How JPMorgan's Dimon won the First Republic deal 2023-05-02T04:00:00Z Wholesale food prices have started to fall and the World Bank, which works on solutions to reduce poverty in developing countries, has said it expects them to drop 8% by the end of this year. Food prices jump despite drop in wholesale costs 2023-05-01T04:00:00Z "Ajay was elected with resounding approval from the executive directors, and will start his mandate with incredibly strong support from the membership of the World Bank," a senior US official said about the vote. Biden pick Ajay Banga gets top World Bank job 2023-05-03T04:00:00Z Increasing the size of Morocco's solar and wind power generation could help bolster economic growth in the country, according to the World Bank. Can Morocco solve Europe’s energy crisis? 2023-05-03T04:00:00Z Mr. Biden is close to nominating Adriana Kugler, an economist with Colombian heritage who is the U.S. executive director of the World Bank, to the Fed’s only remaining open governor position. White House Considers Two Key Nominations at the Fed 2023-05-01T04:00:00Z |
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