Austerity reforms caused an uproar in Greece, but were they really ever implemented in the first place?» Read More
Bertrand Badre, the chief financial officer, who has pushed much of the cost-cutting, received the bonus in "recognition of his skills," according to an internal World Bank blog seen by Reuters. World Bank spokesman David Theis said the bonus was justified given Badre's experience and strong track record at the bank.
WASHINGTON, Oct 1- Fighting the Ebola epidemic means confronting the issue of inequality, as people in poor countries have less access to knowledge and infrastructure for treating the sick and containing the deadly virus, the head of the World Bank said.
At the UN's Climate Summit this week a diverse group of global leaders, from World Bank president Jim Yong Kim to California Governor Jerry Brown, spoke of the need for polluters to pay for each ton of carbon they emit. Carbon pricing, largely rejected by the United States and struggling in Europe, is suddenly all the rage, with China leading the charge.
Top U.S. officials from the White House, Pentagon and State Department met with representatives from 44 countries and multilateral agencies, including the United Nations and World Bank, to call for implementation of 7- year-old global standards for dealing with deadly epidemics and other health dangers, including biological attacks.
WASHINGTON, Sept 25- The World Bank on Thursday announced it would give another $170 million to help West African countries contain the spread of the Ebola virus, nearly doubling its total contributions to fight an epidemic that has killed nearly 3,000 people.
WORLD BANK ANNOUNCES PLAN FOR $170 MLN IN NEW FUNDING FOR EBOLA EPIDEMIC IN WEST AFRICA.
The World Bank cut its Russia growth forecast on Wednesday, warning of economic stagnation until 2016.
*World Bank sees GDP at no more than 0.5 pct in 2014-2015. MOSCOW, Sept 24- Russia's economy is set to stagnate in the next two years as the country pays the price for the Ukraine crisis, lack of structural reforms and uncertain economic policy, the World Bank said on Wednesday.
MOSCOW, Sept 24- Russia's economy will stagnate, with growth set to be no more than 0.5 percent in 2014-2016, the World Bank said on Wednesday, with the country paying the price for the Ukraine crisis, lack of structural reforms and uncertain economic policy.
WORLD BANK SEES RUSSIA'S 2014 INFLATION AT 8 PCT, AGAINST CENBANK FORECAST OF 7.5 PCT.
WORLD BANK SAYS CONTINUED ECONOMIC POLICY UNCERTAINTY, LACK OF STRUCTURAL REFORMS BRING SUBSTANTIAL RISKS TO RUSSIA'S MEDIUM-TERM OUTLOOK.
WORLD BANK BASE SCENARIO ENVISAGES RUSSIA'S 2014 CAPITAL ACCOUNT DEFICIT AT $113 BLN, CAPITAL OUTFLOW AT $60.1 BLN NEXT YEAR.
WORLD BANK SAYS RUSSIA'S FISCAL POSITION INCREASINGLY LINKED TO OIL REVENUES AND GLOBAL OIL PRICE TRENDS.
WORLD BANK SEES RUSSIA'S GDP GROWING BY 0.3 PCT IN 2015 AND 0.4 PERCENT IN 2016, BELOW GOVT FORECAST OF 1.2 PCT GROWTH NEXT YEAR AND 2 PCT IN 2016.
WORLD BANK CUTS ITS BASE SCENARIO FOR RUSSIA'S 2014 GROWTH TO 0.5 PCT FROM EARLIER LOW-RISK SCENARIO OF 1.1 PCT, WARNS OF STAGNATION IN COMING YEARS.
Jim Yong Kim, President of the World Bank, says the organization has a good relationship with Ukraine and Russia but the G20 meeting needs to help "turn down the heat" in the crisis.
Jim Yong Kim, President of the World Bank, says "good things" came out of the Scottish independence referendum.
Jim Yong Kim, President of the World Bank, defends the G20 meetings saying the group played a "critical" role in the financial crisis.
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.