International Organizations
World Bank
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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.
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To many, Bill Gates is a hero. But the billionaire philanthropist has shown that even world-class icons have idols of their own.
**BEIJING- Chinese President Xi Jinping meets World Bank President Jim Yong Kim, Director-General of UNESCO Audrey Azoulay, European Commission President Jean-Claude Juncker and European Council President Donald Tusk in Beijing- 0730 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of July monetary policy meeting 0130 GMT.
JOHANNESBURG, July 12- A month after Cyril Ramaphosa took the helm of South Africa's ruling African National Congress in December, he called an urgent meeting with then-President Jacob Zuma and senior ministers to save state power firm Eskom. He persuaded Zuma to replace Eskom's board and name a new chief executive to appease investors such as the World Bank,...
NEW DELHI, June 28- Changes in temperature and rainfall will impact almost half of South Asia in the coming decades, reducing economic growth in one of the world's poorest regions, the World Bank said. A World Bank report released on Thursday analyses two scenarios- "climate sensitive", based on collective action by nations to limit greenhouse gas emissions, and "...
LAGOS, June 28- The World Bank said on Thursday it had approved a total of $2.1 billion in concessionary loans to fund projects in Nigeria aimed at improving access to electricity and promoting governance. The projects approved by the International Development Association, the bank's low-interest arm, are expected to support Nigeria's economic growth plan.
DAR ES SALAAM, June 21- The World Bank has approved a $455 million loan to Tanzania under its International Development Assistance programme to support financing of power projects in the East African nation. The financing from IDA, which gives grants or low-interest loans to the worlds poorest countries, will also fund construction of high voltage...
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DUSHANBE, June 21- Tajikistan has chosen not to borrow from the World Bank to finance the construction of the Rogun hydroelectric power plant, a bank executive told Reuters. Cyrill Muller, World Bank vice president for Europe and Central Asia, said in an interview on the sidelines of a water management conference in Dushanbe that the bank would instead focus on...
The hardest-hit areas in the event of increased protectionism would be emerging markets and developing economies, the World Bank reported.
Millions of workers in one of the world's most unequal societies are to earn a minimum wage of 20 rand ($1.58) per hour.
The world's largest economy is harboring a disagreement with the landlocked African country of Rwanda over an unusual commodity.
Ngozi Okonjo-Iweala speaks about China's economic partnership with African countries.
Both the World Bank and the European Union suspended budget support in 2012 over a corruption scandal in which public servants siphoned off millions of dollars. Last month the IMF approved a new three-year loan arrangement for Malawi to assist the southern African countrys economic and financial reforms. The fund said that Malawi had shown progress in...
WASHINGTON, May 18- A Goldman Sachs-World Bank Group partnership to provide capital to women entrepreneurs in emerging markets has reached $1 billion in investments, the institutions said on Friday, far surpassing their original goal of $600 million. The Women Entrepreneurs Opportunity Facility, launched in 2014 by Goldman and the World Banks...
In Zimbabwe, government employees have rallied together in protest in recent weeks by staging a series of strikes.
President Donald Trump is hosting Nigerian President Muhammadu Buhari at the White House Monday.
Disagreement over a proposed minimum wage in South Africa has led to mass protests and reassurances from the presidency this week.
China has poured tens of billions of dollars into Africa but the continent's countries need a better strategy, according to an expert.
Abu Dhabi state investor Mubadala has halted talks to buy Abraaj's investment business, two sources said, in a blow to the private equity firm which is facing an investigation by investors into how it used some of their money.
