World Bank
IMF directors to accelerate investigation into Managing Director Kristalina Georgieva
Broad directors of the International Monetary Fund are working with a law firm with its probe on the now Managing Director Kristalina Georgieva over ethical conduct back when she worked for World Bank. Law firm WilmerHale last month said it found ample evidence that Kristalina Georgieva, then-Chief Executive of World Bank, ...
Taliban declares China is ‘main partner’ in rebuilding Afghanistan
An Afghan militant group confirmed Beijing will be its "principal partner" in the strongest indication yet of formal diplomatic relations on Sept. 1. "China will be our main partner and represents a great opportunity for us, because it is ready to invest in our country and support reconstruction efforts," Taliban spokesman ...
CCP Virus could cut China’s economic growth to 0.1%, push 11 million into poverty in 2020
The CCP Virus pandemic will have a serious impact on China, possibly causing the economy to come to a standstill and it may drive up to 11 million more people into poverty, according to a new report by the World Bank. In the East Asia and Pacific Update released on Monday, ...
World Bank maintains US forecast, downgrades global growth amid trade war
The World Bank has kept its economic growth forecast for the United States unchanged, though it downgraded the outlook for the global economy amid trade conflicts and rising government debts. In the report “Global Economic Prospects: Heightened Tensions, Subdued Investment” released on June 4, the World Bank forecast the United States ...
Top IMF official warns global economy facing various threats
The head of the 189-nation International Monetary Fund says the world is facing a time of high uncertainty with 70 percent of the global economy caught in a growth slowdown that could be worsened by self-inflicted wounds such as unnecessary trade battles. IMF Managing Director Christine Lagarde says that while her ...
David Malpass, sharp critic of World Bank, could be its next leader
Trump nominee says World Bank lending to China should end
Source: Trump to tap critic of agency to lead World Bank
President Donald Trump plans to nominate David Malpass, a Trump administration critic of the World Bank, to lead the institution. That's according to a senior administration official who spoke on condition of anonymity because the official wasn't authorized to comment publicly on personnel decisions. Trump is expected to make an announcement later ...
Ukraine’s Yevtushenko: World Bank approves $750 million loan guarantee
Approval is conditional on on Kiev passing reforms and tackling corruption
Tanzania loses Denmark aid over rights concerns after World Bank scraps loan
The decision came on the same day that the World Bank said it had scrapped a plan to loan Tanzania $300 million after the country reaffirmed its policy of banning pregnant girls from school and recently made it a crime to question official statistics
The tobacco industry plays price games to make it even tougher to quit smoking
It is thought about two in three smokers want to kick their deadly habit, and with good reason – the same proportion of them are believed to die prematurely because of smoking. Around the world, the habit kills more than 6m people a year. Yet quitting is notoriously difficult. Smoking tobacco is an addictive habit that the UK ...
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