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World Bank scales back Uighur school project in China

Washington - The World Bank announced Monday it was cutting back a vocational education project in China's Xinjiang province, even though an internal investigation did not back up claims the scheme was linked to the mistreatment of minority Muslim Uighurs.

Persistent trade tensions risk worsening poverty: World Bank

Washington - As global trade tensions persist, investments are put on hold and without that cash to boost economic growth, poverty could surge, the World Bank's chief economist warned Tuesday.

World must adapt to 'inevitable' climate change, warns report

Paris - Nations rich and poor must invest now to protect against the effects of climate change or pay an even heavier price later, a global commission warned Tuesday.Spending $1.

World Bank's Georgieva poised to become 2nd female IMF chief

Washington - A top executive at the World Bank, Kristalina Georgieva of Bulgaria, is now officially unopposed in her bid to become only the second woman ever to lead the International Monetary Fund, the fund announced Monday.

World Bank's Georgieva poised to become 2nd female IMF chief

Washington - A top executive at the World Bank, Kristalina Georgieva of Bulgaria, now faces no opposition in her candidacy to lead the International Monetary Fund, the fund announced Monday.

World Bank says 'no indication' China misused loan for Uighur schools

Washington - The World Bank said Thursday it is again reviewing a loan to China to provide vocational education to the Muslim Uighur minority, but has "no indication" the funds were used for anything other than schooling.

World Bank deploys $300 mn to DR Congo to contain Ebola outbreak

Washington - The World Bank announced Wednesday it was deploying another $300 million in crisis aid for DR Congo to help contain the year-old Ebola outbreak.

World Bank deploys $300 mn to DR Congo to contain Ebola outbreak

Washington - The World Bank announced Wednesday it was deploying another $300 million in crisis aid for DR Congo to help contain the Ebola outbreak.

IMF/World Bank: 75 years as the world's financial firefighters

Washington - At the critical moment of a Hollywood movie starring A-lister Sandra Bullock, Bolivia's newly-elected president calls in the International Monetary Fund to bail out the poverty-stricken country, violating a campaign promise.

Africa poses critical challenge for World Bank, IMF

Washington - Global heat maps of extreme poverty show Africa in deep red. And the problem will only accelerate as population on the continent grows in coming decades.

Reforms and transparency needed for Belt and Road success: World Bank

Washington - China's global Belt and Road Initiative could boost economies and reduce poverty rates in dozens of developing countries, but risks environmental damage, debt and corruption if improvements aren't made, the World Bank said Wednesday.

World Bank making women's entrepreneurship a priority

Washington - Abolishing the myriad of obstacles for African women to become entrepreneurs must be a priority on a continent where poverty continues to grow, World Bank CEO Kristalina Georgieva said Tuesday.

Colombia receives $31.5 mn to address Venezuela refugee crisis: World Bank

Washington - Colombia will receive a $31.5 million grant to help deal with the flood of refugees from neighboring Venezuela, the World Bank announced Friday.Colombia has received about a third of 3.

US says countries reviewing aid plan for Venezuela

Washington - US Treasury Secretary Steven Mnuchin said Thursday that a group of countries are discussing plans to provide financial support to Venezuela, amid the country's economic collapse.

IMF, World Bank urge caution with China loans

Washington - Increased lending by China to developing nations is increasingly under the spotlight amid concerns that growing debt burdens and onerous conditions could sow the seeds of a crisis.

IMF awaits decision on Venezuela government recognition

Washington - World governments are working on recognizing a Venezuelan government, a key step before international aid can flow into the crisis-stricken country, IMF chief Christine Lagarde said Thursday.

New World Bank chief says urgent to focus on poverty

Washington - Newly-installed World Bank President David Malpass spent his first day at the global lender Tuesday hammering home the message that the most urgent issue facing the bank is addressing global poverty.

Remittances to developing world hit record in 2018: World Bank

Washington - Money transfers to poor and developing countries hit a fresh record in 2018 and should become their largest source of external financing this year, the World Bank said Monday.

Trump backer David Malpass named World Bank president

Washington - David Malpass, a senior US Treasury official and staunch supporter of President Donald Trump, was unanimously chosen Friday as the next president of the World Bank.

American David Malpass named World Bank president

Washington - David Malpass, a senior US Treasury official in President Donald Trump's administration, was unanimously chosen Friday as the next president of the World Bank.

World Bank says US official lone candidate for presidency

Washington - The World Bank confirmed Thursday that senior US Treasury official David Malpass was the lone candidate nominated to take over the helm of the development aid institution.

Women granted only three quarters of men's legal rights: World Bank

Washington - Women around the world are granted only three quarters of the legal rights enjoyed by men, often preventing them from getting jobs or opening businesses, the World Bank found in study published Wednesday.

Trump's World Bank pick, an ally for the lender's critics?

Washington - President Donald Trump's choice to lead the World Bank is a firebrand critic of the world's largest anti-poverty lender -- an institution he has called wasteful, corrupt and overly generous to China.

Trump taps fierce World Bank critic to take its helm

Washington - President Donald Trump on Wednesday tapped a well-known World Bank critic to lead one of the world's primary development lending institutions.

Trump risks revolt with controversial World Bank pick

Washington - US President Donald Trump is due on Wednesday to unveil a controversial candidate to lead the World Bank, a choice that could spark a revolt against US dominance of the institution.

World Bank leading the charge on development finance

Washington - The World Bank, whose new president is due to be appointed by mid-April, is a global financial organization whose mission is to end extreme poverty by supporting development projects.

World Bank leadership search likely to end with US candidate -- again

Washington - The search for a new leader for one of the most high-profile global organizations begins Thursday and seems likely to end again with selection of the US candidate.

Ivanka Trump to help US choose candidate for World Bank

Washington - President Donald Trump's daughter and advisor Ivanka will help the United States choose its candidate to lead the World Bank but she will not be the one, the White House said on Monday.

Haley, Ivanka Trump among possible World Bank nominees: report

Washington - Former UN Ambassador Nikki Haley and US President Donald Trump's daughter and adviser Ivanka are among possible US candidates to replace outgoing World Bank President Jim Yong Kim, The Financial Times reported Friday.

World Bank to name new president by mid-April

Washington - The World Bank Board said Thursday it would start accepting nominations for a new leader early next month and name a replacement for outgoing-President Jim Yong Kim by mid-April.
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