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  • Ukraine's stability is essential to world: World Bank

    Jim Yong Kim, president of the World Bank, says the institution has supported Ukraine and he's very impressed with the country's leaders.

  • DIARY- Top Economic Events to June 18 Friday, 5 Jun 2015 | 8:01 PM ET

    Bank of France Governor Christian Noyer, European Bank for Reconstruction and Development President Suma Chakrabarti, Bank of Canada Senior Deputy Governor Carolyn Wilkins, Pakistan's former Prime Minister Shaukat Aziz, Italy's former Prime Minister Enrico Letta and World Bank Group Chief Financial Officer Bertrand Badre to attend.

  • World Bank gas flaring initiative misses key players Thursday, 4 Jun 2015 | 2:31 PM ET

    Countries yet to sign a pledge to eliminate routine flaring by 2030 include major flarers the United States, Iran and Nigeria, the bank said, noting that the practice wastes enough energy to supply Africa with electricity and pollutes as much as 77 million cars. "By capturing this gas and converting it into a useful product, such as converting it into power, they...

  • DIARY- Top Economic Events to June 11 Thursday, 28 May 2015 | 8:01 PM ET

    SOFIA- European Central Bank board member Yves Mersch speaks at the Bulgarian Authorities 2015 IMF/World Bank Constituency Meetings- 1100 GMT. BARCELONA, Spain- European Central Bank board member Vitor Constancio speaks at the XXXI Reunion Circulo de Economia- 0730 GMT. HARTFORD, United States- Federal Reserve Bank of Boston President Eric Rosengren speaks...

  • *Gaza's economic output contracted 15 percent in 2014. JERUSALEM, May 22- Gaza's economy is in a worse state than any other in the world, with unemployment at a global high, output contracting sharply and the long-term prospects worrying, the World Bank said on Friday. "Blockades, war and poor governance have strangled Gaza's economy and the unemployment rate is now...

  • As more rent, the wealth gap widens Thursday, 7 May 2015 | 11:27 AM ET
    File photo: A house for rent sign in Centreville, Virginia.

    The housing crash created a much larger share of renters, and these Americans are not enjoying the new wealth that now-rising home prices afford.

  • WASHINGTON, May 4- The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing. In an internal post to staff seen by Reuters, the World Bank's treasurer said around 40 percent of the fund's...

  • WASHINGTON, May 4- The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing. In an internal post to staff seen by Reuters, the World Bank's treasurer said around 40 percent of the fund's...

  • KIEV, April 29- Ukraine's economy could return to growth next year and expand by 2 percent provided the separatist insurgency does not worsen and a banking crisis stabilises, the World Bank said on Wednesday. The World Bank expects Ukraine's economy to shrink 7.5 percent in 2015- in line with central bank forecasts- following a 6.8 percent contraction last year,...

  • World Bank sees Belarus's 2015 GDP falling 3.5 pct Monday, 27 Apr 2015 | 5:39 AM ET

    MINSK, April 27- The World Bank said on Monday it saw Belarus's gross domestic product contracting 3.5 percent this year, sharply revising it down from an earlier forecast of 1.8 percent growth. Next year the contraction will continue, with GDP expected to decline 1 percent, Ruslan Penkevsky, the bank's senior economist for Belarus, said at a press conference.

  • Indonesia calls for new financial global architecture Wednesday, 22 Apr 2015 | 12:01 AM ET

    JAKARTA, April 22- Indonesian President Joko Widodo called on Wednesday for a new global financial order that is open to emerging economic powers and leaves the "obsolete ideas" of Bretton Woods institutions in the past. Widodo made no mention of the China-backed Asian Infrastructure Investment Bank that is seen as a threat to the Western-dominated World Bank...

  • DIARY- Emerging Markets Economic Events to May 4 Tuesday, 21 Apr 2015 | 8:02 PM ET

    WASHINGTON- World Bank President Jim Yong Kim speaks at the global philanthropy forum- 1500 GMT. CAIRO- Central Bank of Egypt holds Monetary Policy Committee Meeting- 0100 GMT. BANGKOK- Bank of Thailand holds Monetary Policy Committee meeting.

  • *South Africa faces 6th straight day of power cuts. *S.Africa seeks future World Bank funding for Eskom. JOHANNESBURG, April 17- South Africa appointed veteran public service expert Brian Molefe as acting CEO of its struggling power utility firm Eskom on Friday in an attempt to help keep the lights on in Africa's most advanced economy.

  • Here's the significance of China-led AIIB Thursday, 16 Apr 2015 | 10:38 PM ET
    Here's the significance of China-led AIIB

    Eswar Prasad, senior professor of Trade Policy at Cornell University, says the Asian Infrastructure Investment Bank poses a "significant challenge" to the existing structure of global institutions.

  • WASHINGTON, April 16- The United States and Japan want the World Bank and Asian Development Bank to team up with a new Chinese-led development bank in syndicated loans, as a way of helping the new lender establish strong standards, Japan's finance minister said. Washington and Tokyo are leading members of the World Bank and ADB, respectively, and have been wary of...

  • WASHINGTON, April 16- Japan and the United States agreed that global institutions like the World Bank and the Asian Development Bank may work with the new Beijing- backed development bank by extending coordinated loans, Japanese Finance Minister Taro Aso said. "In our meeting, we agreed on the need for the Asian Infrastructure Investment Bank... to meet high global...

  • Watch out for this topic at IMF meeting Thursday, 16 Apr 2015 | 8:15 PM ET
    Watch out for this topic at IMF meeting

    Jim Rickards, chief global strategist at West Shore Funds, explains why the topic about including the yuan in SDR's basket could steal the limelight at upcoming IMF and World Bank meetings.

  • DIARY- Top Economic Events to April 29 Thursday, 16 Apr 2015 | 8:01 PM ET

    WASHINGTON- 2015 Spring Meetings of the World Bank Group and the International Monetary Fund. WASHINGTON- Institute for International Finance hosts International Capital Markets and Emerging Markets Roundtable. NEW YORK- Reserve Bank of Australia Governor Glenn Stevens speaks at an American Australian Association luncheon hosted by Goldman Sachs- 1630...

  • IMF, World Bank 2015 spring meetings: What to expect Thursday, 16 Apr 2015 | 6:37 PM ET
    IMF, World Bank 2015 spring meetings: What to expect

    Bill Adams, senior international economist at PNC, outlines his expectations for the International Monetary Fund and World Bank meetings taking place this weekend in Washington.

  • LONDON, April 16- Bosses from more than forty global companies called on negotiators to agree a United Nations climate change deal in Paris in December and pledged to make their own emission cuts, they said in an open letter published on Thursday. The letter is designed to put pressure on government officials ahead of a spring meeting of a World Bank group in...