This time around, bank board members had said there was little appetite for a challenge to a U.S. candidate from developed economies such as Europe and Japan, and from larger emerging markets such as China and Brazil. Those comments and Malpass' role in U.S.- China trade negotiations caused some concern in the development community that he might try to use the...
U.S. President Donald Trump's pick to lead the World Bank faces a clear path toward approval as a nomination deadline passed on Thursday with no challengers, continuing the tradition of the United States choosing the development lender's president.
WASHINGTON, March 5- Lebanon has withdrawn its nomination of Ziad Alexandre Hayek to run for World Bank president, but the government privatization official said he is trying to persuade board members of the multilateral development lender to renominate him. Treasury Undersecretary for International Affairs David Malpass as the sole announced candidate...
WASHINGTON, Jan 15- The White House is considering former PepsiCo Inc Chief Executive Indra Nooyi, Treasury Department official David Malpass and Overseas Private Investment Corp CEO Ray Washburne among candidates to head the World Bank, an administration official said on Tuesday. The trio of names surfaced a day after officials said President Donald...
WASHINGTON, Jan 15- The White House is considering former PepsiCo Inc Chief Executive Indra Nooyi, Treasury Department official David Malpass and Overseas Private Investment Corp CEO Ray Washburne among candidates to head the World Bank, an administration official said on Tuesday. The trio of names surfaced a day after officials said President Donald...
WASHINGTON, Jan 8- World Bank Group President Jim Yong Kim will join Global Infrastructure Partners, a private equity fund that invests in projects in wealthy and developing countries, the firm said on Tuesday, a day after Kim's shock resignation from the bank. Kim, who joins New York- based GIP on Feb. 1 as a partner and vice chairman, has accepted a one-year ban from...
Kim told World Bank employees in an email that he was leaving the world's largest lender and donor to poor and middle-income countries on Feb. 1 to join a private-sector firm focused on infrastructure investments in the developing world. Georgieva, a Bulgarian national, had previously held senior European Union posts after serving 15 years at the World Bank,...
World Bank Group President Jim Yong Kim will resign effective Feb. 1, more than three years ahead of the expiration of his term in 2022, the multilateral lender said on Monday.
The paper, called the Bali Fintech Agenda, outlines 12 considerations that policymakers can keep in mind when designing policies and regulations that can maximize the benefits of financial technology while keeping financial systems sound.
Kristalina Georgieva took on the role of chief executive — a newly created role by World Bank president Jim Yong Kim — in January 2017, and she has overseen a significant milestone for the bank.
The IMF and World Bank hold their Annual Meetings together each fall in Washington. But do you know the difference between the institutions? CNBC's Elizabeth Schulze explains.
World Bank President Jim Yong Kim tells CNBC the biggest concern for the world economic engine is the level of uncertainty.
The head of the World Bank says he’s “very impressed” with China’s reform plans, playing down concerns over the economic slowdown has been managed.
Jim Yong Kim, president of the World Bank, talks about the importance of getting capital and finance into emerging and developing economies.
Weak growth among major emerging markets will weigh on growth in 2016, with advanced economies solely responsible for a modest expansion.
Rich countries should prepare for levels of mass migration like those hitting Europe, but it could be the key to global economic growth.
Emerging markets have come "completely unhinged," and they will likely drag on growth in the U.S. and Europe, Mohamed El-Erian said.
Back on this week, the World Economic Forum in Davos is as big as ever with lofty ambitions to match.
The interim country strategy, endorsed by the World Bank board at a meeting in Washington, will guide the institution's work in Myanmar, also known as Burma.
SEOUL, Oct 29- The first payouts from South Korea's state pension fund only started in 2008, but faced with the fastest ageing population among developed nations and one of the lowest birthrates, the country needs to deal with a looming funding crunch.
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