World Bank


  • Hans Timmer, Director, Economic Prospects Group at the World Bank says that China is undertaking fundamentals changes and taking steps for the yuan to ultimately become a reserve currency.

  • Hans Timmer, Director, Economics Prospects Group, World Bank says developing countries will be vulnerable if there's another global financial crisis because their financial positions are now as strong as they were in 2007.

  • Fed and ECB to Politicians: Your Turn to Act Thursday, 7 Jun 2012 | 11:59 PM ET
    Chairman of the Federal Reserve Ben Bernanke speaks at the Federal Deposit Insurance Corporation headquarters, on February 16, 2012 in Arlington, Virgina.

    After three years of monetary easing and unconventional policies to revive their economies from a slump, the Fed and the European Central Bank are now shifting the onus to politicians, urging them to fulfill their responsibilities.

  • Europe Running Out of Time?     Wednesday, 6 Jun 2012 | 7:47 PM ET

    Is the global economy at risk, and how can we avoid a financial tsunami? Robert Zoellick, World Bank president, shares his opinions.

  • This Summer an 'Eerie Echo' of Pre-Lehman: Zoellick Thursday, 31 May 2012 | 9:14 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.

    The summer of 2012 is looking like an “eerie” echo of 2008 but euro zone sovereign debt has replace mortgages as the risky asset class that markets are anxious about, said Robert Zoellick, President of the World Bank.

  • Economic Uncertainty to Weigh on China Stocks Wednesday, 23 May 2012 | 10:46 AM ET
    Shanghai stock exchange

    China stocks may trade lower on Thursday, weighed down by uncertainties about the global economy and China's own fiscal policy response.

  • The world has "hopefully" gotten through the worst in terms of what some analysts have called "currency wars," according to Chad P. Bown, senior economist at the World Bank's Development Research Group, Trade and International Integration.

  • World Bank Names Dartmouth's Kim as New President Monday, 16 Apr 2012 | 1:03 PM ET
    Jim Yong Kim, new president of the World Bank.

    The World Bank said Monday that Dartmouth College President Jim Yong Kim will become its next president.

  • 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 Nominates Kim for World Bank     Friday, 23 Mar 2012 | 1:05 PM ET

    President Obama made his choice for the next person to lead the World Bank. The nomination comes as chances that someone outside the U.S. will lead the bank for the first time, reports CNBC's Eamon Javers.

  • 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.

  • World Bank Offers Grim Global Outlook     Wednesday, 18 Jan 2012 | 2:00 PM ET

    The World Bank is out with their semi-annual report on the health of the global economy and it's not a pretty picture. Mick Riordan, World Bank sr. economist, discusses.

  • "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.