worldbank News
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
Washington -
The World Bank announced Wednesday it was deploying another $300 million in crisis aid for DR Congo to help contain the Ebola outbreak.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
Washington -
President Donald Trump on Wednesday tapped a well-known World Bank critic to lead one of the world's primary development lending institutions.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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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