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  • Nigeria's Ngozi Okonjo-Iweala, one of three candidates for the top job at the World Bank, says creating jobs is the most important challenge facing the organization's member countries, and that requires investments in a number of sectors such as infrastructure and agriculture.

  • US World Bank Nominee Under Fire Over Book Tuesday, 10 Apr 2012 | 1:09 AM ET
    Jim Yong Kim, new president of the World Bank.

    Jim Yong Kim, the US nominee to head the World Bank, is coming under fire over a book he co-authored that criticises “neoliberalism” and “corporate-led economic growth”, arguing that in many cases they had made the middle classes and the poor in developing countries worse off.

  • Zoellick Throws Support Behind Brics Bank Sunday, 1 Apr 2012 | 7:56 PM ET
    World Bank President Robert Zoellick addresses the media during a press conference following his meeting with Chinese Premier Wen Jiabao on September 2, 2009 in Beijing, China.

    Robert Zoellick, the outgoing president of the World Bank, has backed the creation of a Brics bank, saying the need for such an institution highlights the dangers of existing multilateral organisations failing to mobilise sufficient resources to support large developing countries.

  • Obama Taps Jim Yong Kim for World Bank Candidate Friday, 23 Mar 2012 | 10:35 AM ET
    Jim Yong Kim, new president of the World Bank.

    Annoucing his nominee, President Obama said, "It's time for a development professional" to lead the world's largest development agency.

  • World Bank building in Washington, DC.

    The prospect of the World Bank being led by someone from outside the U.S. for the first time seemed nearer on Friday, as several African nations backed Nigerian Finance Minister Ngozi Okonjo-Iweala for the job.

  • Extreme Poverty Drops Worldwide Monday, 5 Mar 2012 | 10:55 PM ET
    Mother and Child India

    The world has achieved its first Millennium Development Goal of cutting extreme poverty in half ahead of the 2015 deadline, a study by the World Bank shows, the NYT reports.

  • Most Productive Cities Tuesday, 28 Feb 2012 | 5:52 PM ET
    The Brookings Institution recently issued a report the compared per-capita gross domestic product and changes in employment data from 2010 to 2011 in 200 of the world’s largest metropolitan areas. The report found that these areas produced 48 percent of global output despite accounting for only 14 percent of the world’s population and employment.In other findings: Ninety percent of the fastest-growing economies were outside North America and western Europe; U.S. metropolitan areas outperformed t

    The Brookings Institution analyzed the financial data of the world’s largest metropolitan areas and uncovered some interesting findings. Check out which cities were the most productive.

  • Blueprint for China to Open Up Markets Thursday, 23 Feb 2012 | 6:19 PM ET
    Chinese Yuan and US Dollar

    China should accelerate the loosening of capital controls, its central bank said, in a report outlining the path to a freely tradable currency and more open capital markets. The Financial Times reports.

  • Investors Peer Past Gloom, Eye Asian Economic Rebound Monday, 13 Feb 2012 | 11:28 PM ET

    If the World Bank is correct, 2012 will see the second slowest year of global economic growth in a decade, at a level consistent with a world recession that, like the 2008/2009 financial crisis, would not spare Asia.

  • "I think the idea that countries and regions can make policy independent of what else is going on in the world is pretty ludicrous, and yet we still seem to be presuming the best global policy is the arithmetic sum of some national policies. That's not working too well," Morgan Stanley Asia's nonexecutive chairman, Stephen Roach, told CNBC.

  • After a weekend of talks at the International Monetary Fund’s annual meeting in Washington over how best to deal with the euro zone debt crisis, we appear no closer to a resolution.

  • European policymakers, stung by criticism for failing to stem the euro zone debt crisis, began working on new ways to stop fallout from Greece's near-bankruptcy from potentially upsetting the world economy.

  • Lost in much of the rancor and hand-wringing over the debt crisis in the European Union and the US is that it's not just those two regions that will be affected.

  • A Different Role In Asia Thursday, 22 Sep 2011 | 7:21 PM ET
    The International Monetary Fund (IMF) headquarters building is seen in Washington, DC.

    The International Monetary Fund finds itself front-and-center in dealing with Europe’s debt crisis, urging banks to recapitalize and policymakers to begin to aggressively address the problem. In Asia, however, the Fund finds itself in a completely different role, limited to monitoring and consulting with economies that seem relatively sheltered—at least for now—from the global crisis.

  • Asia Still Looking For a Bigger Voice Thursday, 22 Sep 2011 | 1:09 PM ET
    Zhu Min, deputy managing director of the International Monetary Fund (IMF), speaks during a panel discussion at the World Economic Forum (WEF) Annual Meeting of the New Champions in Dalian, China.

    The appointment of a former Chinese central bank official, Zhu Min as a deputy managing director at the IMF was meant to increase Asia's voice at the Fund. But some current and former policymakers, say the region remains under-represented.

  • Lagarde Prepares for Starring Role In Greek Drama Thursday, 22 Sep 2011 | 12:24 PM ET
    International Monetary Fund Director Christine Lagarde

    Christine Lagarde's leadership of the IMF is not quite three months- but there's simmering debate over whether the IMF can stage-manage the seemingly inevitable Greek debt default without turning it into a global financial crisis.

  • CNBC Poll: Whom Does the IMF Serve? Thursday, 22 Sep 2011 | 11:47 AM ET
    IMF and World Bank Meeting - A CNBC Special Report

    Between dominate G7 voting rights, and historical European leadership, is the IMF overly weighted towards Western interests?

  • 24/7 Global Thursday, 22 Sep 2011 | 11:47 AM ET

    Questions about a post-Strauss Kahn IMF will no doubt be unwelcome, but the dire state of play in Europe, not to mention the dreary U.S. landscape, present compelling, alternative story lines.

  • CNBC Poll: What Should IMF Leader Lagarde Do? Thursday, 22 Sep 2011 | 11:46 AM ET
    IMF and World Bank Meeting - A CNBC Special Report

    The newly appointed IMF leader Christine Lagarde is expected to help pull Europe away from an economic cliff. What should she do?

  • POLL: Crisis Management Wednesday, 21 Sep 2011 | 1:04 PM ET

    The IMF has been credited with alleviating past financial crises  - but has the IGO been helpful this time around?