Page 44 - David Malpass News Today

A default would spark a global downturn that would set us back much further, says Yellen

The World Bank gave over $25 million in 2021 to Chinese government- and military-linked companies on sanction lists in the United States, according to a federal watchdog.

Negotiations on reforming the international finance system are slowed by geopolitics and the west’s economic wobbles, Grand talk about remaking the international system and a second edition of Bretton Woods meeting, which founded the IMF and the World Bank in 1944, has yielded little but promises of more talk this year. A new plan to reshape the World Bank, making it more responsive to the need for climate finance and help for highly indebted poor countries was commissioned by the United State...

China faces a stalemate as it seeks restructuring of debts owed to it by developing nations in distress despite the World Bank’s additional efforts to provide ultra-low interest loans and grants to those countries.

World Bank Group President David Malpass speaks during the annual meetings plenary of the IMF and the World Bank Group annual meeting at the IMF headquarters…

Hasina’s trip to the U.S. was limited to meeting officials at the World Bank and the IMF. No official meeting took place between her and the U.S. government.

China is at a impasse in terms of restructuring debts owed to it by developing nations in distress even after the World Bank made additional efforts to provide ultra-low interest loans and grants to those countries, the anti-poverty lender’s chief said Monday.

China's tourism and consumption have been firing on all cylinders during the just-ended May Day holiday, showing the country's extraordinary economic resilience.

The Board of the World Bank Group (WBG) has implored its newly elected President, Ajay Banga, to propel the Bank’s evolution agenda of ending global extreme poverty. The Board said it looked forward to working with Mr Banga on the World Bank Group evolution process and on all of its…

ZIBO, Shandong, May 6 (Xinhua) -- Some say it is just a publicity campaign, a fanfare backed by gluttons, influencers and investors. So what? The iconic barbecu