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International Organizations World Bank

  • MOSCOW, May 23- Russia's oil-dependent economy is expected to grow from 2017 onwards, supported by higher global crude prices and oil production rising to new post-Soviet highs, the World Bank said on Tuesday. It said its latest growth forecasts were based on the assumption that crude prices would average $55 a barrel this year, $60 in 2018 and $61.5 in 2019, and...

  • Chinese President Xi Jinping, Russia's President Vladimir Putin, Turkish President Recep Tayyip Erdogan and other national leaders pose for a photo after the Belt and Road Forum at the China National Convention Center in Beijing, China on May 14, 2017.

    Zeng Guangan, the chairman of construction machinery firm LiuGong, talked "One Belt, One Road" with CNBC.

  • China Petroleum & Chemical Corp. (Sinopec) signage is displayed on one of the company's storage tanks in the Tsing Yi area of Hong Kong, China, on Monday, Aug. 26, 2013.

    Sinopec expects to boost foreign investment to more than $30 billion, Dai Liqi, director of the firm's foreign cooperation office, told CNBC.

  • President Xi Jinping of China speaks during the Belt and Road Forum for International Cooperation on May 14, 2017 in Beijing, China.

    "China will endeavor to build a win-win business partnership with other countries participating in the Belt and Road Initiative," said President Xi.

  • 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...

  • 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...

  • 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...

  • 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...

  • 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.

  • **WASHINGTON- World Bank President Jim Yong Kim and Canada Finance Minister Bill Morneau speak at World Bank- 2030 GMT. **WASHINGTON- World Bank President Jim Yong Kim is a panelist at the discussion "Creating Markets, Creating Opportunities" in Washington 1800 GMT. WASHINGTON- Governor of Bank of England Mark Carney speaks before an Institute of International...