International Organizations World Bank

  • CHICAGO, Sept 28- International Monetary Fund Managing Director Christine Lagarde said on Wednesday the institution would lower its 2016 U.S. growth forecast again and called policies that restrict trade "economic malpractice" that would choke off growth. Lagarde, in prepared remarks at Northwestern University ahead of next week's IMF and World Bank annual...

  • Jim Yong Kim

    The World Bank on Tuesday reappointed Jim Yong Kim to a five-year term as president of the World Bank.

  • WASHINGTON, Sept 27- The World Bank on Tuesday reappointed Jim Yong Kim to a five-year term as president of the multilateral development lender after the nomination period closed without any challengers coming forward.

  • WORLD BANK SAYS EXECUTIVE DIRECTORS VOTED UNANIMOUSLY TO REAPPOINT JIM YONG KIM TO SECOND FIVE YEAR TERM AS PRESIDENT OF WORLD BANK GROUP.

  • MOSCOW, Sept 23- International tax cooperation will be in focus alongside the global economy a meeting of finance ministers from the Group of 20 developed and developing nations in Washington next month, Russia's top financial diplomat said on Friday. The G20 ministers meet in Washington on Oct. 6, on the eve of the World Bank/ IMF annual meetings, weeks after a G20...

  • ACCRA, Sept 22- The World Bank will provide up to $500 million to Ghana in the form of a partial risk guarantee for use if the country defaults on payments for gas from the Sankofa field, the state oil company said on Thursday. The guarantee is the largest of its kind to be granted by the Bank and provides security to Ghana over gas expected to flow in 2018 from the $7.9...

  • WASHINGTON, Sept 22- The World Bank division that lends to the world's poorest countries is preparing to raise billions of dollars from capital markets next year after winning top-tier, first-ever credit ratings from Moody's Investors Service and Standard and Poor's. The World Bank said on Thursday that its International Development Association unit,...

  • LAGOS, Nigeria— Nigeria soon will sell $1 billion in Eurobonds to finance a budget deficit as a recession grips the major African oil producer amid foreign currency shortages and double-digit inflation, officials said Friday. Already some $3 billion has been secured in low-cost, long-term loans from the World Bank and the African Development Bank, the...

  • The Washington- based multilateral lender said that executive directors will meet with Kim in accordance with previously announced selection procedures, with the expectation that the process will be completed by the time of the Oct. 3-9 annual meetings of the International Monetary Fund and World Bank.

  • MONDAY, SEPTEMBER 12 TORONTO- Toronto Global Forum- An international conference which fosters dialog on national and global issues, held under the auspices of the International Economic Forum of the Americas. Speakers: Panama Finance Minister Dulcidio de la Guardia, International Monetary Fund Managing Director Christine Lagarde and World Bank Managing...

  • JOHANNESBURG, Sept 8- Human rights groups slammed the World Bank on Thursday over an internal report on Zimbabwe that suggested it would be a sign of "political development" for the country if its poor human rights record did not get any worse. In the leaked July 27 document, seen by Reuters and reported by some African media, the Washington- based bank laid out a...

  • BERLIN, Sept 5- Germany backed the U.S. nominee, Jim Yong Kim, for a second five-year term as World Bank President, a German government spokeswoman said on Monday. Ulrike Demmer told a regular government news conference that Germany would be pleased if Kim could continue in his position. "World Bank President Kim has done excellent work, including in the bank's...

  • Joseph Stiglitz

    The European Commission’s ruling that Apple should pay Ireland billions of dollars in back taxes was neither punitive nor unfair, one of the world’s best-known economists told CNBC on Thursday.

  • Donald Trump speaks during a press conference with President of Mexico Enrique Pena Nieto (not seen) at Los Pinos presidential residence, in Mexico City, Mexico on August 31, 2016.

    Donald Trump would be a “nightmare” as U.S. president, making relations with other countries “extraordinarily difficult,” Joseph Stiglitz told CNBC.

  • BEIJING, Sept 1- Banks accounted for 53 percent of the orders for the World Bank's first batch of Special Drawing Rights bonds in China's interbank market, the lender said on Thursday. Central banks and official institutions accounted for 29 percent of the orders, followed by securities companies and asset managers with 12 percent, and insurance companies with...

  • BEIJING, Aug 31- Canada will apply to join the China-backed Asian Infrastructure Investment Bank, or AIIB, Canadian and bank officials said on Wednesday, making it the latest ally of the United States to join the new international development bank. The multilateral institution, seen as a rival to the Western-dominated World Bank and Asian Development Bank, was...

  • SHANGHAI/ HONG KONG, Aug 31- The World Bank sold its first batch of Special Drawing Right bonds in China at a yield well below those for similar Chinese bonds, highlighting Beijing's challenge in getting global recognition for its yuan currency and SDR assets. "We are not interested in SDR bonds and we can't see why Chinese investors should want these bonds since...

  • SHANGHAI/ HONG KONG, Aug 31- The World Bank has set an indicative yield range for its three-year Special Drawing Right bonds for sale in China at yields well below those for similar Chinese bonds, highlighting Beijing's challenge in getting global recognition for its yuan currency and SDR assets. "We are not interested in SDR bonds and we can't see why Chinese...

  • SHANGHAI, Aug 31- The World Bank has set an indicative yield range for three-year Special Drawing Right denominated bonds set for issue in China at 0.4-0.7 percent, the Shanghai Clearing House announced on its website. The World Bank has approval from the People's Bank of China for a 2 billion SDR program. The issue will be the first SDR bond in 35 years and is part of...

  • Indonesian men put out a fire in Ogan Ilir, southern Sumatra on October 22, 2015.

    Southeast Asia is bracing itself for its annual, uncomfortable tryst with haze from Indonesia.