International Organizations World Bank

  • Commodity-importing emerging market countries are faring better, but the benefits of lower energy and other goods have been slow to materialize, the World Bank said. "As advanced economies struggle to gain traction, most economies in South and East Asia are growing solidly, as are commodity-importing emerging economies around the world," said World Bank Chief...

  • A boy works at a seafood export factory in Hlaingthaya Industrial Zone, outside Yangon, Myanmar February 19, 2016. One in five children in Myanmar aged 10-17 go to work instead of school.

    Slave labor and trafficking is rampant in the fishing industry. Here's what can be done to stop it, say top WEF officials.

  • KINGSTON, May 19- Businesses in the Caribbean and Central America are scrambling to make contingency plans over fears that more large banks will cut off relationships with counterparts in developing countries as they pull out of markets seen as riskier, a senior World Bank official said. As a result, business leaders in countries such as Jamaica face...

  • JAKARTA, May 19- China-backed Asian Infrastructure Investment Bank could announce as early as next month a plan to co-finance a national slum upgrading project in Indonesia, in what could be the bank's first foray into the country, Indonesia's finance minister said. The $1.74 billion project, co-funded by the Indonesian government, the World Bank and the...

  • KINSHASA, May 17- Democratic Republic of Congo will seek between $250 million and $500 million in budgetary support from the World Bank this year, pending a review of its economy by the International Monetary Fund next month, the government said on Tuesday. The support would allow the central bank to boost its foreign currency reserves, which have fallen from...

  • *Nigeria needs loans to help fund 2 trillion naira deficit. ABUJA, May 12- Nigeria is still in talks to obtain foreign loans to help fund a record $31 billion budget for this year, aimed at helping Africa's biggest economy cope with a slump in oil prices, its budget minister said on Thursday. Nigeria has applied for a $1 billion loan from both the World Bank and African...

  • OTTAWA/ NEW YORK, April 29- Canada's top court ruled on Friday that the World Bank did not need to turn over documents sought in a case against former employees of SNC-Lavalin accused of bribery, finding the international organization had immunity from the request. The Supreme Court of Canada overturned a lower court order from 2014 that said the World Bank...

  • OTTAWA/ NEW YORK, April 29- The Supreme Court of Canada ruled on Friday that the World Bank did not need to turn over documents sought in a case against former employees of SNC-Lavalin Group Inc accused of bribery. The World Bank barred SNC from participating in World Bank- funded projects for 10 years after conducting an investigation into corruption...

  • OTTAWA, April 29- The Supreme Court of Canada ruled on Friday that the World Bank did not need to turn over documents sought in a case against former SNC-Lavalin employees accused of bribery. In 2014, a lower court judge ruled that the World Bank should release underlying investigative files for judicial review that could be relevant to the defense of the...

  • Confessional booth

    American officials urged citizens to come forward before they become incriminated by the Panama Papers, reports NBC News.

  • Larry Fink, CEO of BlackRock Investments.

    Negative interest rates risk hitting consumer spending and undermining economic growth, said BlackRock CEO Larry Fink, the Financial Times reports.

  • Capital is leaving developing countries: Jim Yong Kim

    Jim Yong Kim, president of the World Bank, talks about the importance of getting capital and finance into emerging and developing economies.

  • The International Monetary Fund (IMF) logo is seen at the IMF headquarters building in Washington.

    The IMF and World Bank are discussing possible financing aid for Azerbaijan to help it cope, the institutions said on Wednesday.

  • World Bank slashes outlook for 80% of commodity prices

    In its latest report, the bank has lowered its 2016 forecast for crude oil prices to $37 per barrel.

  • The People's Bank of China in Beijing's financial district.

    Is a banking crisis brewing in this Asian nation's giant economy? Moody's studied the problem to see how it could affect U.S. institutions.

  • Mark Yusko, chief executive officer of Morgan Creek Capital Management

    A fund manager who called $30 oil a year ago has some more bold (mostly bad) news for investors.

  • Red Cross workers carry away a person suspected of dying from Ebola, in the Liberian capital Monrovia, on Oct. 4, 2014.

    Pandemics are a neglected risk to lives and economies that could costs trillions of dollars, says a new report.

  • World Bank warns of fault lines below the surface

    Larry Hatheway, group chief economist at GAM, responds to warnings from the World Bank and discusses how falling oil prices will impact developing nations.

  • Weak growth among major emerging markets will weigh on growth in 2016, with advanced economies solely responsible for a modest expansion.

  • Many countries in East Asia risk losing as much as 15 percent of their workforce to aging population by 2040, according to the World Bank.