The IMF and World Bank are discussing possible financing aid for Azerbaijan to help it cope, the institutions said on Wednesday.» Read More
With the world's finance ministers and central bank governors assembled in Lima for the annual meetings of the International Monetary Fund and the World Bank, host nation Peru is increasingly being hailed as Latin America's secret success story.
LIMA- IMF/World Bank discussion on "Financial Inclusion: Can It Meet Multiple Macroeconomic Goals?" LIMA- IMF/World Bank discussion on "Fragility in Middle Income Countries: New Ideas for Unique Challenges"- 1500 GMT. LIMA- IMF/World Bank discussion on " Latin America in the Spotlight: New Challenges for Central Banking in Latin America"- 1645 GMT.
ACCRA, Oct 7- Ghana launched a $1 billion Eurobond on Wednesday at a 10.75 percent coupon rate, becoming the first country in sub-Saharan Africa outside of South Africa to issue a 15- year bond, Finance Minister Seth Terkper said in a statement. The bond was 100 percent oversubscribed showing a "high appetite for Ghana's credit" and a World Bank partial bond...
Rich countries should prepare for levels of mass migration like those hitting Europe, but it could be the key to global economic growth.
Finance ministers and central bankers from around the world are gathering in Lima this week for meetings of the International Monetary Fund and the World Bank. >IMF cuts global growth forecasts again, cites commodity and China worries. >IMF sees China slowdown risks, urges Beijing to float yuan.
LIMA- International Monetary Fund/World Bank discussion on " Ensuring Inclusive Development: Good Practices in Promoting Accountability in Latin America"- 1700 GMT. LIMA- International Monetary Fund/World Bank discussion on "Labor Market's Impact from the Slowdown in Latin America"- 1900 GMT. LIMA- International Monetary Fund/World Bank holds Youth...
Widely publicized jeremiads about emerging markets are mainly referring to East Asia's developing economies. They are totally wrong.
Sudhir Shetty, chief economist for East Asia and the Pacific at the World Bank, explains why the bank trimmed China's 2015 growth forecast to 6.9 percent, from 7.1 percent previously.
SINGAPORE, Oct 5- The World Bank cut its 2015 and 2016 growth forecasts for developing East Asia and Pacific, and said the outlook was clouded by the risk of a sharp slowdown in China and possible spillovers from expected rises in U.S. interest rates. Latest GDP growth projections, percent:. East Asia and 6.1 5.7 5.8.
WORLD BANK CUTS 2015 CHINA GROWTH FORECAST TO 6.9 PCT FROM 7.1 PCT PREVIOUSLY, 2016 FORECAST TO 6.7 PCT FROM 7.0 PCT.
WORLD BANK SAYS OUTLOOK SUBJECT TO "GREATER-THAN-USUAL DEGREE OF UNCERTAINTY", ESPECIALLY CHINA SLOWDOWN, US RATES; RISKS WEIGHTED TO THE DOWNSIDE.
WORLD BANK CUTS 2015 DEVELOPING EAST ASIA PACIFIC GROWTH FORECAST TO 6.5 PCT FROM 6.7 PCT PREVIOUSLY, 2016 FORECAST TO 6.4 PCT FROM 6.7 PCT.
*World Bank trims 2015 China growth forecast to 6.9 pct. SINGAPORE, Oct 5- The World Bank cut its 2015 and 2016 growth forecasts for developing East Asia and Pacific, and said the outlook was clouded by the risk of a sharp slowdown in China and possible spillovers from expected increases in U.S. interest rates. "The baseline scenario for regional growth is subject to a...
Oct 4- World Bank Group President Jim Yong Kim will ask world leaders for a capital injection as an emerging markets slowdown coinciding with new development goals leave the bank strapped for cash, the Financial Times reported on Sunday. Kim will lobby members to boost capital for the International Bank for Reconstruction and Development during an annual...
The region as a whole will fail to grow this year, Augusto de la Torre, the bank's chief economist for Latin America and the Caribbean, told Reuters in a phone interview. From metal producers like Chile and Peru to grain exporters such as Brazil and Argentina, Latin America is suffering because of the rapid drop of global commodity prices triggered by slowing...
"A big part of it is the fact that commodity prices are down and continue to be down," Jim Yong Kim said.
Emerging markets have come "completely unhinged," and they will likely drag on growth in the U.S. and Europe, Mohamed El-Erian said.
World Bank President Jim Yong Kim, discusses why he sees a potentially negative impact from raising interest rates on the global economy.
LONDON, Sept 30- Ukraine expects to get a $520 million loan from the World Bank, with some help from the European Investment Bank, by the end of the year, the deputy finance minister said on Wednesday. "Basically they will take on $520 million of the World Bank's risk in Ukraine which will create $520 million of headroom for the World Bank to operate."
ZURICH, Sept 29- A United Nations investigator urged the World Bank on Tuesday to pay heed to human rights in its development work, accusing the lender of hiding behind outdated statutes to skirt its responsibilities. "For most purposes, the World Bank is currently a human rights-free zone. "This report fundamentally misrepresents the World Bank's position on...