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.
US ENVOY FOR VENEZUELA ABRAMS SAYS IMF AND WORLD BANK READY TO OFFER' BILLIONS OF DOLLARS' IN FUNDING TO REBUILD VENEZUELA.
WASHINGTON, March 5- Lebanon has withdrawn its nomination of Ziad Alexandre Hayek to run for World Bank president, but the government privatization official said he is trying to persuade board members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...
China's trade surplus with the United States, which is at the center of their dispute, rose to $323.32 billion last year, the biggest on record going back to 2006.. China's average import tariff of 3.5 percent is the highest among top industrial nations, data from the World Bank shows, although its tariff rates have fallen sharply over the past 20 years.
U.S. President Donald Trump and North Korean leader Kim Jong Un are scheduled to meet in the Vietnamese capital city of Hanoi this week.
Powered by manufacturing, economic growth in Vietnam jumped from 2.8 percent in 1986 — when reforms were introduced — to 7.1 percent last year.
The South American country will also receive $6 billion in loans from multilateral institutions including the World Bank, the Inter-American Development Bank, and the CAF Andean development bank, Moreno said in a message broadcast on national television and radio.
WASHINGTON, Feb 19- Lebanon has nominated investment banker Ziad Hayek as a candidate for president of the World Bank, mounting the first challenge to U.S. Hayek, who has served as secretary general of Lebanon's High Council for Privatization since 2006, also posted a nomination letter from Lebanon's finance ministry. Hayek's entry into the race could draw...
KIEV, Feb 12- Ukraine plans to issue sovereign debt with World Bank guarantees by the end of February, Finance Minister Oksana Markarova told reporters after a conference on Tuesday. Ukraine expects a 500 million euro loan tranche from the European Union by the end of March, she said, adding that the government is also in talks about bilateral loans with various...
LONDON, Feb 11- Two major international development banks, the European Bank for Reconstruction and Development and the International Finance Corporation, have formally complained to the Romanian government about proposed new banking sector taxes. In an unusual move, the London- based EBRD and IFC, which is part of the World Bank, sent a joint letter to...
LONDON, Feb 11- Two major international development banks, the European Bank for Reconstruction and Development and the International Finance Corporation, have formally complained to the Romanian government about proposed new banking sector taxes. In an unusual move, the London- based EBRD and IFC, which is part of the World Bank, sent a joint letter to...
Washington is going to have to offer Pyongyang more incentives if it wants full details of the state's weapons and missile program, experts say.
President Trump answers questions after nominating Treasury Department official David Malpass to be the president of the World Bank.
President Trump announces his nomination for World Bank President.
The Trump administration has notified World Bank shareholders that President Donald Trump intends to pick senior Treasury Department official David Malpass as the U.S. nominee to lead the development lender.
Experts disagree on whether the finance industry should be focused on developing the green bonds asset class, or taking sustainable financing to a new and different level.
DAVOS, Switzerland, Jan 24- South African lender Absa will not buy a Nigerian bank, its CEO told Reuters on the sidelines of the World Economic Forum in Davos, clearing up a lingering question over how it will execute its aggressive growth strategy. Chief Executive Maria Ramos said that while Nigeria is a big and exciting banking market- where the World Bank...
BERLIN, Jan 23- Global organisations like the International Monetary Fund and the World Bank must be reformed to restore confidence in the global financial system, German Chancellor Angela Merkel said on Wednesday, defending multilateralism as a' win-win' guarantor.
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...
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