World Bank officials — under fire for losing track of $24 billion in climate funds — are panicking over the prospect of severe budget cuts as...
By David Lawder WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva warned on Thursday that the world is in danger of becoming mired in...
WASHINGTON (AP) — The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head...
WASHINGTON (AP) — Global finance leaders face a major uncertainty as they meet in Washington next week: Who will win the U.S. presidential election and shape...
Nairobi — The World Bank said on Monday it had lowered its economic growth forecast for sub-Saharan Africa this year to 3% from 3.4%, mainly due...
Balancing work and life can be challenging for many, and Ajay Banga, World Bank president and former CEO of Mastercard, shared his thoughts on this widely...
WASHINGTON (AP) — Withdrawing the United States from the IMF and World Bank would be “a step backward,” a top U.S. Treasury official said Friday, defending...
China’s stimulus isn’t enough to stem slowing GDP growth, the World Bank said this week. Neighboring countries will see their growth contract after years of positive...
Bringing electricity supply to several hundred million of the world’s poorest would require investments of $21.3 billion by 2030. This is according to the Global Association...
A construction site in the Fangshan district of Beijing in 2013. Tomohiro Ohsumi | Bloomberg | Getty Images China’s economic growth rate is expected to decline...
As war in the Middle East escalates with Israel’s invasion of Lebanon and Iran’s counter-attack, the global economy faces fresh recession fears after a year of...
By Andrea Shalal NEW YORK (Reuters) – Barbados will call for creation of a new World Bank finance facility to provide emergency liquidity to climate-vulnerable countries...