World Bank


  • China in Process of Bottoming Out: Pro     Sunday, 7 Oct 2012 | 10:05 PM ET

    Geoff Lewis, Global Market Strategist at J.P. Morgan Asset Management, says the World Bank's forecast that the Chinese economy will grow at 7.7 percent this year suggests it is in the process of bottoming out.

  • A Chinese and U.S. flag flutter in front of Tiananmen Gate on November 16, 2009 in Beijing of China.

    As trade tensions between the U.S and China heat up, with both countries filing complaints to the World Trade Organization (WTO) on Monday, experts say the grumbling is no more than posturing in a politically important year for Beijing and Washington and should fizzle out eventually.

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  • Former World Bank President Robert Zoellick

    As markets eagerly await a decision from the European Central Bank (ECB), which holds its policy meeting on Thursday, Robert Zoellick, former president of the World Bank warns that monetary easing will do little to solve the region’s debt crisis.

  • Afsaneh Beschloss Monday, 16 Jul 2012 | 11:38 AM ET
    Afsaneh Beschloss, President and CEO, The Rock Creek Group

    Beschloss is president and CEO of The Rock Creek Group, which provides investment and advisory services to large investors and utilizes customized hedge fund and emerging market portfolios.

  • The global economy is still unbalanced five years after the onset to the financial crisis, says Stephen Cecchetti, BIS head of monetary & economic department, with an update from the Bank of International Settlement's annual report.

  • Earlier this week ratings agency Standard & Poor’s said India could be the first BRIC economy to lose its investment grade status, which was followed a day later by data showing factory output had nearly stalled in April. While India’s recent dismal economic performance has had investors looking for exits, several experts tell CNBC things are not as bad as the headlines suggest.

  • 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.