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World Bank

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  • IMF readies $127M for 3 countries battling Ebola Wednesday, 17 Sep 2014 | 3:06 PM ET

    WASHINGTON— The International Monetary Fund said Wednesday it is preparing $127 million in zero-interest loans to the three African countries hardest hit by the Ebola outbreak— Guinea, Liberia and Sierra Leone. The World Bank on Tuesday approved a $105 million grant to finance efforts to contain Ebola.

  • WASHINGTON, Sept 17- The largest-ever outbreak of Ebola could drain billions of dollars from economies in West Africa by the end of next year if the epidemic is not contained, the World Bank said in an analysis on Wednesday.

  • WASHINGTON, Sept 17- The largest-ever outbreak of Ebola could drain billions of dollars from economies in West Africa by the end of next year if the epidemic is not contained, the World Bank said in an analysis on Wednesday.

  • World Bank: Palestinian economy to shrink in 2014 Tuesday, 16 Sep 2014 | 4:29 AM ET

    RAMALLAH, West Bank— The Palestinian economy is expected to contract for the first time in seven years in 2014, the result of the recent Gaza war, continued Israeli and Egyptian restrictions on Palestinian trade and a drop in foreign aid, the World Bank said Tuesday.

  • Development banks pledge to step up climate action Thursday, 11 Sep 2014 | 7:35 AM ET

    *Statement comes before Ban summit in New York on Sept. 23. Secretary-General Ban Ki- moon in New York, the World Bank and other banks said they had delivered $75 billion in financing since they started joint tracking of funds in 2011..

  • World Bank: 2.8% global growth is achievable     Wednesday, 10 Sep 2014 | 10:44 PM ET

    Kaushik Basu, Senior VP & Chief Economist at World Bank, says it lowered its global growth forecast due to geopolitical tensions. He later explains why U.S. engagement in Iraq is necessary.

  • Anger is not a strategy for dealing with Russia Monday, 8 Sep 2014 | 12:34 PM ET
    Russia's President Vladimir Putin

    It is natural to feel angry at Vladimir Putin’s aggression and deceptions in Ukraine, but anger is not a strategy, says Harvard Professor Joseph Nye.

  • The Export-Import Bank is NOT a subsidy: economist Thursday, 7 Aug 2014 | 11:53 AM ET
    The building that houses the Export-Import Bank is shown in this photo.

    It is wrong to call the Export-Import Bank a subsidy for US business, says the chief economist for the National Association of Manufacturers.

  • WASHINGTON, Aug 5- U.S. and African companies and the World Bank on Tuesday pledged more than $17 billion in investments in construction, energy and information technology projects in Africa to showcase U.S. economic interest in the fast-growing region.

  • Why we need the Export-Import Bank: Wolf Tuesday, 5 Aug 2014 | 7:00 AM ET
    The building that houses the Export-Import Bank is shown in this photo.

    The Export-Import Bank makes America more competitive and deserves bipartisan support, say Robert Wolf and Kevin Varney of 32 Advisors.

  • Goldilocks lives! Time for Fed to stand down: Farr Friday, 1 Aug 2014 | 4:34 PM ET

    Our biggest fear has been that the Fed would be unwilling to remove support until it’s too late. We are well past that point, says Michael Farr.

  • KIEV, July 28- Ukrainian Prime Minister Arseny Yatseniuk said on Monday any failure by lawmakers to approve budget amendments on a second attempt would amount to the breakdown of Kiev's bailout deals with the International Monetary Fund and the World Bank.

  • BELGRADE, July 27- Serbia's government adopted a new privatisation bill and proposed changes to bankruptcy law on Sunday to speed up the sale of loss-making state-owned companies. The laws, which have yet to be passed by parliament, are a pre-condition for the release of a $250 million World Bank budget support loan.

  • BELGRADE, July 27- Serbia's government adopted a new privatization bill and proposed changes to bankruptcy law on Sunday to speed up the sale of loss-making state-owned companies. The laws, which have yet to be passed by parliament, are a pre-condition for the release of a $250 million World Bank budget support loan.

  • Proponents say it would allow more flexibility and less red tape and is necessary to adjust to a world in which the World Bank is not the only major development player.

  • Employees who focus on reducing social and environmental damage from projects lack independence or incentives to do a good job, and the World Bank has little oversight over how well their advice is followed and how much money is devoted to safeguards.

  • The significance of a BRICS development bank     Monday, 14 Jul 2014 | 6:46 PM ET

    Jim Rickards, Senior Managing Director at Tangent Capital, explains how the new bank differs from the World Bank and the International Monetary Fund.

  • When do we get off the Fed treadmill? Friday, 11 Jul 2014 | 11:18 AM ET

    When do we get off this treadmill, where central banks believe it's their job to not only provide stability but also boost asset prices?

  • World Bank says trade protectionism starts to level off Thursday, 26 Jun 2014 | 6:05 PM ET

    WASHINGTON, June 26- Barriers to imports in major economies are starting to recede after a rash of protectionism during the global financial crisis, World Bank figures showed on Thursday.

  • The message the economy is sending the Fed: Farr Wednesday, 18 Jun 2014 | 11:35 AM ET
    Janet Yellen

    Downward revisions to GDP, a slowdown in home-price increases — what kind of message is this sending to the Fed?