International Organizations World Bank

  • WASHINGTON, Aug 23- World Bank President Jim Yong Kim on Tuesday formally launched a bid for a second five-year term as head of the multilateral development lender, whose board pledged an "open, merit-based, and transparent" selection process. "I have informed the Dean of the Board that I would be honored to be considered for a second term as head of the World Bank and...

  • TORONTO, Aug 23- Canada's Rusoro Mining Ltd said on Tuesday it has been awarded more than $1.2 billion by a World Bank tribunal that ruled Venezuela had unlawfully seized the company's gold assets four years ago. Shares in the Vancouver- based mining firm, which is backed by Russia's Agapov family, more than doubled on Tuesday, trading for as much as 32 cents- their...

  • *World Bank set to issue $700 mln in IMF SDR bonds in China. BEIJING/ SHANGHAI, Aug 22- Plans by the World Bank to sell special drawing right bonds in China are facing market headwinds thanks to expectations of low yields, investors said, although state-owned banks will likely take up any slack in demand. China's central bank said earlier in August that the World Bank...

  • China Everbright International's waste-to-energy project in Nanjing.

    For China Everbright International, one of the largest waste management companies in China, the country's trash problem has great market potential.

  • BEIJING, Aug 12- A unit of the World Bank will issue bonds denominated in special drawing rights in China's interbank bond market, China's central bank said on Friday. The first batch of bonds worth 500 million SDR will be issued in August by the Industrial and Commercial Bank of China, China's biggest lender of assets, ICBC said on its WeChat account on Friday.

  • BEIJING, Aug 12- A unit of the World Bank will issue bonds denominated in special drawing rights in China's interbank bond market, China's central bank said on Friday. China's yuan will be included in the SDR basket for the first time in October. China's government is studying plans to issue SDR-denominated bonds, according to a statement released at the end of the...

  • Indian Prime Minister Narendra Modi (L) and Chinese President Xi Jinping (R).

    China and India, the two most populous countries in the world and Asia's economic giants, have had a chequered history.

  • BELGRADE, Aug 8- Dusan Vujovic, a former World Bank economist, will stay on as finance minister in Serbia's new government, a signal of Belgrade's commitment to reforms laid out in a 1.2 billion euro loan deal with the IMF. A former World Bank economist in Ukraine and at its headquarters in Washington, Vujovic was appointed finance minister in 2014 and has been...

  • World Bank President Jim Yong Kim defended the changes as a compromise that strengthens many protections while eliminating "onerous" requirements in countries whose environmental, labor and human rights standards match those of the World Bank. Kim said the World Bank had committed increased funding to work with its 189 member countries to lift their own...

  • *World Bank No. 2 returns to Indonesia after six years. JAKARTA, July 29- Six years after bowing out of a bruising battle to make Indonesian tycoons pay taxes, new Finance Minister Sri Mulyani Indrawati is back to finish what she started- this time with the full backing of reformist President Joko Widodo. But Indrawati, who was ranked number 37 on the Forbes list of the...

  • *Sri Mulyani Indrawati back in post held under last president. JAKARTA, July 27- Indonesian President Joko Widodo pleased market reform advocates on Wednesday by bringing home the World Bank's managing director to be finance minister and upset human rights activists by naming a controversial ex-general as security chief. In 2010, Indrawati joined the World...

  • *Sri Mulyani Indrawati back in post held under last president. JAKARTA, July 27- Indonesian President Joko Widodo pleased market reform advocates by bringing home the World Bank's managing director to be finance minister and upset human rights activists by naming a controversial ex-general as security chief. In 2010, Indrawati joined the World Bank after...

  • JAKARTA, July 27- Indonesia's president on Wednesday appointed a new cabinet, aimed at increasing the effectiveness of his team and boosting growth in Southeast Asia's biggest economy. -Finance minister: World Bank managing director Sri Mulyani Indrawati. -Coordinating minister for maritime affairs: Luhut Pandjaitan, who was coordinating minister for...

  • World Bank Managing Director Sri Mulyani Indrawati speaks at Wellesley College on January 31, 2016.

    The World Bank's Managing Director Sri Mulyani Indrawati has been appointed as the country's new finance minister, among a wider cabinet reshuffle.

  • *Sri Mulyani Indrawati back in post held under last president. JAKARTA, July 27- Indonesia's president on Wednesday appointed World Bank managing director Sri Mulyani Indrawati as the country's finance minister, among a wider cabinet reshuffle aimed at increasing the effectiveness of his team. The new cabinet, which will be inaugurated later on Wednesday,...

  • JAKARTA, July 27- Indonesia's president on Wednesday appointed World Bank managing director Sri Mulyani Indrawati as the country's new finance minister, among a wider cabinet reshuffle aimed at increasing the effectiveness of his team. Former Indonesian army general Wiranto will replace Luhut Pandjaitan as the chief security minister.

  • A nurse holds a newborn baby at the labor ward of Singapore's Kandang Kerbau Hospital (KKH).

    Singapore's policymakers have long battled the country's low birth rate, but will little success so far.

  • The World Bank’s issued its latest set of forecasts for oil prices but interpreting the numbers may depend on your disposition.

  • *Kaushik Basu in frame after World Bank stint. NEW DELHI, July 26- The Indian government has scaled back the urgency of its search for a new central bank governor, sources said, with a replacement to Raghuram Rajan now likely to be named only after he chairs his final policy meeting next month. Two government sources with direct knowledge of the matter also said...

  • World Bank PKG

    World Bank President Jim Yong Kim says it's crucial that global institutions highlight the importance of global integration and trade.