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International Organizations World Bank

  • VIENNA, April 25- European Central Bank governing council member Ewald Nowotny said uncertainties remain about future U.S. measures such as trade deals and tax reform which are "worrying," according to an interview published on Tuesday. Nowotny, who is Austria's central bank governor, has just returned from IMF and World Bank meetings in Washington.

  • *Rebates, huge surplus fueling China's steel exports. President Donald Trump's first shot across China's bow over its steel exports, escalating a years-long brawl over trade between the world's top two economies, may not pull up Beijing. Speaking in the U.S. capitol at IMF and World Bank meetings after Trump launched a trade probe against China and other...

  • The memorandum of understanding signed at the World Bank and International Monetary Fund spring meetings in Washington comes a year after the two multilateral lenders established mechanisms for cost-sharing and co-financing of investment projects. Since then, the AIIB and the World Bank have co-financed five projects, supporting power generation in...

  • The memorandum of understanding signed at the World Bank and International Monetary Fund spring meetings in Washington comes a year after the two multilateral lenders established mechanisms for cost-sharing and co-financing of investment projects. Since then, the AIIB and the World Bank have co-financed five projects, supporting power generation in...

  • The International Monetary Fund dropped a sharp condemnation of trade protectionism and references to climate change from a statement at the close of its spring meetings with the World Bank. During the presidential campaign, Donald Trump threatened to impose tariffs on China and Mexico and called global warming a hoax. The meetings of the 189- nation IMF and...

  • BERLIN, April 23- German Finance Minister Wolfgang Schaeuble is not worried by the prospect of cuts to corporate tax rates in the United States he told German magazine Wirtschaftswoche on the sidelines of the IMF and World Bank spring meetings in Washington. "If the United States lowers its corporate taxes to European or international levels that won't bother...

  • WASHINGTON— Global finance leaders on Saturday dropped a sharp condemnation of trade protectionism and references to climate change from a closing statement that wrapped up the spring meetings of the 189- nation International Monetary Fund and the World Bank. This year's meetings were dominated by a debate over how to respond to a rising tide of...

  • The G20 session on the sidelines of the International Monetary Fund and World Bank spring meetings comes just over a month after the group dropped an explicit pledge to fight against protectionism from the communique of its meeting in Baden-Baden, Germany, at the insistence of U.S. British finance minister Philip Hammond told reporters that multilateral...

  • Stanley Fischer, vice chairman of the U.S. Federal Reserve.

    Fischer attributed much of the slowness both in the economy and the inflation rate to seasonal factors that will go away.

  • *Rebates, huge surplus fuelling China's steel exports. President Donald Trump's first shot across China's bow over its steel exports, escalating a years-long brawl over trade between the world's top two economies, may not pull up Beijing. Speaking in the U.S. capitol at IMF and World Bank meetings after Trump launched a trade probe against China and other...

  • The G-20 discussions were being held in conjunction with the spring meetings of the 189- nation International Monetary Fund and its sister lending organization, the World Bank, which are scheduled to conclude Saturday. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Janet Yellen were representing the United States at the discussions.

  • WASHINGTON, April 20- In an era of shrinking government contributions to development financing and "exploding" loan demand in poor countries, World Bank Group president Jim Yong Kim is looking to the private sector for help. The World Bank would pave the way to reduce risk. However, it is Congress, not the White House, that ultimately decides spending levels.

  • Speaking to bankers just hours after the formal start of the International Monetary Fund and World Bank spring meetings, White House National Economic Council Director Gary Cohn said Washington was prepared to get tougher in the trade arena. Asked at the Institute of International Finance about his message for his international counterparts, Cohn said the...

  • John Silvia of Wells Fargo Securities explains why he believes the annual meetings are key for global investors.

  • "Some of the lowering in rates is going to be offset by less deductions and simpler taxes," Treasury Secretary Mnuchin said in a question-and-answer session on the sidelines of the International Monetary Fund and World Bank spring meetings in Washington. Mnuchin said dynamic scoring could give Trump and Congress a $2 trillion revenue cushion for the first...

  • General Motors said Thursday that it will stop doing business in Venezuela after authorities took control of its only factory there. Last month, a World Bank arbitration panel determined that Venezuela would not have to pay $1.4 billion to Irving, Texas- based Exxon Mobil for confiscating company assets during a wave of nationalizations.

  • WASHINGTON, April 20- The Trump administration will unveil a tax reform plan very soon and expects it will be approved by Congress this year whether a healthcare overhaul happens or not, Treasury Secretary Steven Mnuchin said on Thursday. "It will be soon, very soon," Mnuchin told a conference on the sidelines of the IMF and World Bank spring meetings in Washington.

  • Worries over Trump's approach to trade, taxes, financial regulation and climate change clouded the start of the International Monetary Fund and World Bank spring meetings, even amid improved optimism over global growth prospects. As the meetings got started, two blocks away at the White House, Trump signed a directive to study whether steel imports into the...

  • WASHINGTON, April 20- The Trump administration will unveil a tax reform plan very soon, U.S. Treasury Secretary Steven Mnuchin said on Thursday. "It will be soon, very soon," Mnuchin said when asked for a timeline during a question and answer session on the sidelines of the IMF and World Bank spring meetings in Washington.

  • World Bank President Jim Yong Kim told journalists that freer trade and more openness were "critical for the future of the world." While he had said that he would brand China a currency manipulator immediately on taking office, the administration sent Congress a report last week that found China was not manipulating its currency. The Treasury report did put...