LONDON, April 24- More than 40 million people around the world work in artisanal and small-scale mining where minerals including gold, diamonds and cobalt are dug up often by hand, a report by the World Bank and development organisation Pact said on Wednesday. Increasing demand for metals and rising prices have triggered a boom in small-scale mining in recent...
Joseph Stiglitz, former World Bank chief economist and Nobel Prize winner, joins "Closing Bell" to discuss the economy, the 2020 election, and the rise of 'progressive capitalism'.
Trade agreements have advanced corporate interests at the expense of workers in both developed and developing countries.
The Governor of the Bank of Japan, Haruhiko Kuroda, sits down with CNBC's Sara Eisen for an exclusive interview at the IMF World Bank meetings, discussing global growth, monetary policy and the impact of tariffs.
Treasury Secretary Steven Mnuchin said on Saturday a U.S.- China trade agreement would go "way beyond" previous efforts to open China's markets to U.S. companies and hoped that the two sides were "close to the final round" of negotiations. Mnuchin, speaking to reporters on the sidelines of the International Monetary Fund and World Bank spring meetings, said that...
WASHINGTON, April 13- Global financial officials on Saturday said risks to worldwide economic growth were "tilted to the downside" due to factors such as trade tensions, policy uncertainty and the sudden tightening of financial conditions. The statement was released at the spring meetings of the IMF and World Bank in Washington. "The protectionism of some...
WASHINGTON, April 13- Russia's central bank may be in a position to cut interest rates this year, Central Bank Governor Elvira Nabiullina said. "We see the probability to cut the rate this year," Nabiullina told a news conference on Friday on the sidelines of the IMF and World Bank spring meetings in Washington. Annual inflation in Russia is likely to slow in April...
The global economy is likely to pull out of a brief growth slump later this year — with a little help from the world's central banks and from U.S. and Chinese trade negotiators.
In two Twitter posts this week, U.S. President Donald Trump hit out at the European Union, even calling the bloc "a brutal trading partner."
The group, which issued the communique during the spring meetings of the International Monetary Fund and World Bank in Washington, said it stood ready to cooperate in the effort to build "a modern, open, rules-based, non-discriminatory and equitable multilateral trading system. Trade disputes, particularly the one between the United States and China, have been...
WASHINGTON, April 11- International Monetary Fund Managing Director Christine Lagarde said on Thursday a six-month delay of Britain's exit from the European Union avoids the "terrible outcome" of a "no-deal" Brexit that would further pressure a slowing global economy. But Lagarde, speaking at a news conference at the IMF and World Bank spring meetings in...
World Bank president David Malpass sits down with CNBC's Sara Eisen to discuss what changes he might bring to the World Bank as president.
World Bank president David Malpass joins CNBC's Sara Eisen for a First on CNBC interview to discuss the organization, what changes he would make and more.
WASHINGTON, April 10- Risks to the global financial system have grown over the past six months and could increase with a messy British exit from the European Union or an escalation of U.S.- China trade tensions, the International Monetary Fund said on Wednesday. The IMF, whose spring meetings with the World Bank begin in Washington this week, noted that the global...
SANTIAGO, April 9- Rio Tinto said on Tuesday it will join a World Bank initiative intended to help developing countries sustainably mine lithium, cobalt and other minerals critical to the global electrification trend. "Significant challenges will likely emerge if the climate-driven clean energy transition is not managed sustainably," according to a World...
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...
Hungary's industrial output and Czech retail sales grew faster than expected in February, underpinning expectations that the region's economies continue to expand robustly. But Bulgaria cut its growth forecast for 2019, the Slovenian central bank projected a slowdown in the first quarter and the World Bank said Poland's growth could slow to 4 percent...
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...
Data also provided by 
