The World Bank suggests the number of the poorest people will rise if greenhouse gas emissions aren't curbed.» Read More
*World Bank cuts world growth outlook to 2.8 pct from 3 pct. LONDON, June 11- Oil prices steadied on Thursday as a bullish report from the International Energy Agency agency balanced a gloomy outlook from the World Bank, which cut its global economic growth forecast. But the market response was cautious after a downbeat assessment by the World Bank, which predicted...
*World Bank cuts world growth outlook to 2.8 pct from 3 pct. SINGAPORE, June 11- Crude oil futures fell on Thursday as the World Bank cut its global economic growth forecast, ending a two-day rally triggered by a sharp U.S. inventory drawdown. In its twice-yearly Global Economic Prospects report, the World Bank predicted the global economy would expand 2.8 percent...
Franziska Ohnsorge, lead author of global economic prospects at the World Bank, talks about the challenges facing emerging markets.
*World Bank cuts world growth outlook to 2.8 pct from 3 pct. SINGAPORE, June 11- Crude oil futures fell early on Thursday as the World Bank cut its global economic growth forecast, ending a two-day rally triggered by a sharp U.S. inventory drawdown. In its twice-yearly Global Economic Prospects report, the World Bank predicted the global economy would expand 2.8...
SINGAPORE, June 11- U.S. crude futures fell early on Thursday as a cut in the World Bank's global growth outlook pulled them away from one-month highs, ending a two-day rally on a big U.S. stock drawdown. Front month U.S. crude had fallen 33 cents to $61.10 a barrel by 0032 GMT. *The World Bank predicted that India would be the fastest-growing major economy for the first...
WASHINGTON, June 10- The World Bank on Wednesday cut its global growth outlook for this year and urged countries to "fasten their seat belts" as they adjust to lower commodity prices and a looming rise in U.S. interest rates. "We at the World Bank have just switched on the seat belt sign," Basu said in a press conference in Washington. But the World Bank cut its 2015 growth...
Jim Yong Kim, president of World Bank, tells CNBC about the discussions on global terrorism and climate change held between world leaders at the Group of Seven (G-7) summit.
Jim Yong Kim, president of World Bank, says he's watching for "spillover effects" when it comes to Greece and urging those involved to come to an agreement.
Jim Yong Kim, president of the World Bank, says the institution has supported Ukraine and he's very impressed with the country's leaders.
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.
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...
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.
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.
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.
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.
The World Bank is failing to protect the poor and vulnerable people affected by the projects it funds says a new report.
Lower commodity prices and an expected interest rate hike in the U.S. present major risks to the developing world, Jim Yong Kim tells CNBC.
China is seeing its slowest growth in 6 years. Dr. Jim Yong Kim, World Bank Group President, shares his economic forecast for growth in Asia's economy.
Dr. Jim Yong Kim, World Bank Group President, discusses the threats to developing markets. He says low oil prices have contributed to lower commodity prices as a whole.
According to the 2014 Global Findex report, the world's "unbanked" population saw the fastest drop in countries like China and Sub-Saharan Africa, says Leora Klapper, leader, Global Findex Task Team at the World Bank.