Washington -
The idea of forgiving debt held by poor countries in exchange for "green" investments gained ground this week during the spring meetings of the IMF and World Bank, with concrete proposals expected in time for a global climate summit this fall.
Washington -
President Donald Trump on Wednesday tapped David Malpass to lead the World Bank, a fierce critic of the development lender, which he lambasts as wasteful and ineffective.
Washington -
The World Bank on Friday expressed concern over the "fragile" economic recovery in Latin America and the Caribbean, weighed down by Venezuela's spiraling crisis and weak performances in Brazil and Argentina.
