The World Bank's Managing Director Sri Mulyani Indrawati has been appointed as the country's new finance minister, among a wider cabinet reshuffle. » Read More
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.
The World Bank suggests the number of the poorest people will rise if greenhouse gas emissions aren't curbed.
PM Narendra Modi is personally taking on India's notorious red tape to clear tens of billions of dollars worth of stalled public projects.
Banks in Myanmar bought hundreds of millions of dollars in the black market this year, banking sources said, raising concerns about regulation.
Global youth unemployment rates may be making a mild recovery but only a few young adults are looking forward to good career prospects, says ILO.
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.
Rich countries should prepare for levels of mass migration like those hitting Europe, but it could be the key to global economic growth.
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.
"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.
South Asia has failed to plan effectively for mass urbanization, according to a new World Bank report.
Gold fell to a four-week low on Wednesday as stock markets strengthened and the dollar firmed.
Fidel Castro once revealed some uncharacteristic financial regrets when seeking help for Cuba from a U.S. banker in 1980.
The oil price could be stuck firmly around $50 by 2020, a Goldman Sachs analyst told CNBC, raising new fears about companies who've already cut costs.
The recent gyrations in China's stock market will have limited direct impact on global investors.
The World Bank has upped its oil price forecast for 2015, but the marginal rebound in the price of Brent crude won't pull energy prices up.
China needs to take these three steps to restore its markets and investor confidence, says Curtis Chin.