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International Organizations World Bank

  • NEW YORK— Roughly seven out of every 10 adults worldwide now have some form of bank account, the World Bank said Thursday, largely due to the proliferation of cell phone-based bank accounts and other simple bank account programs in places like India and Sub-Saharan Africa. But women still lag behind their male counterparts in bank account ownership, the World...

  • Kristalina Georgieva, chief executive officer of The World Bank Group.

    Kristalina Georgieva's comments come as the IMF has warned of "dark clouds" on the horizon for the global economy.

  • NAIROBI, April 18- Sub-Saharan Africa is on course for economic growth of 3.1 percent this year, the World Bank said on Wednesday, marginally slower than it previously forecast but faster than last year thanks to rising commodity prices. "While Nigeria, South Africa, and Angola are expected to see a gradual pick-up in growth, economic expansion will continue at a...

  • NAIROBI, April 18- Sub-Saharan Africa is on course for economic growth of 3.1 percent this year, the World Bank said on Wednesday, marginally slower than it previously forecast but faster than last year thanks to rising commodity prices. "While Nigeria, South Africa, and Angola are expected to see a gradual pick-up in growth, economic expansion will continue at a...

  • NEW YORK, April 17- The International Development Association, an arm of the World Bank, on Tuesday sold at a discount its first bond, a $1.5 billion 5- year note, at 19.6 basis points over the 5- year U.S. Until now the IDA had been funded by the 173 shareholder countries, the largest being the United States, Japan, Britain, Germany and France. "Todays bond issue will allow...

  • KAMPALA, April 17- Uganda said on Tuesday it intends to borrow a total of $412 million from the World Bank and China's Exim Bank to fund projects in education, health and energy sectors. Uganda's cabinet approved a decision to borrow $200 million from the World Bank and another $212 million from Exim Bank at a meeting on Monday, the government said in an emailed...

  • WASHINGTON, April 17- International Monetary Fund chief economist Maurice Obstfeld said there was still time for the United States and China to avoid a trade war through multilateral negotiations. Speaking to a news conference before the start of IMF and World Bank spring meetings in Washington, Obstfeld said that it was too soon to declare that a trade war was...

  • NEW YORK, April 16- Zimbabwe stuck on Monday to its plan to clear its debt arrears by September with the aim to tap international capital markets by the end of the year, though that timeline would be "very fast-tracked." Zimbabwean officials met with investors in New York in search for cash that would clear about $1.8 billion in arrears with the World Bank and the...

  • The signage for the U.K. headquarters of UBS.

    Many sustainable investment products simply leave out financially risky companies or firms in the business of "vices." That's a strategy that doesn't resonate with all investors, UBS said.

  • WASHINGTON, April 13- The Trump administration is expected to support a $13 billion capital increase for the World Bank in a deal that will reform the development bank's lending rules and increase China's shareholding, three people close to the matter said on Friday. Treasury Secretary Steven Mnuchin is expected to lend his support for the plan at next week's...

  • WASHINGTON, April 13- The Trump administration is expected to support a $13 billion capital increase for the World Bank in a deal that will reform the development bank's lending rules and increase China's shareholding, three people close to the matter said on Friday. Treasury Secretary Steven Mnuchin is expected to lend his support for the plan at next week's...

  • LUSAKA, April 12- The Zambian and Tanzanian currencies are expected to trade on the back foot against the dollar in the coming week, while Kenya's is likely to firm. "The kwacha will continue with its weakening trend due to gloomy sentiment surrounding Zambia," the local branch of South Africa's First National Bank said in a note. On Tuesday the World Bank cut...

  • JAKARTA, April 12- The World Bank raised its growth forecast for East Asia and the Pacific for 2018, but warned that a possible U.S.- China trade war could harm growth in countries that are part of the Chinese goods supply chain. The Washington- based lender said in a report on Thursday it expected 2018 growth in the developing East Asia and Pacific region, which...

  • JAKARTA, April 12- The World Bank on Thursday raised its growth forecast for East Asia and Pacific for 2018, but it said the region's economies may need to adopt tighter monetary policy and larger fiscal buffers to guard against short-term risks. The Washington- based lender said it expects 2018 growth in the developing East Asia and Pacific region, which...

  • JOHANNESBURG, April 10- The World Bank raised its forecasts for the South African economy on Tuesday but warned that growth potential would remain weak without concerted efforts to reduce inequality and stimulate competition. The World Bank now sees gross domestic product growing by 1.4 percent this year, up from its September forecast of 1.1 percent,...

  • People working on an assembly line at Huajian shoe factory in Dukem, Ethiopia, on April 19, 2012.

    East African economic powerhouse Ethiopia swore in a new prime minister this week, tasked with calming civil unrest.

  • SINGAPORE- Singapore Minister for Finance Heng Swee Keat gives a keynote speech at the World Bank- Singapore Infrastructure Finance Summit. SINGAPORE- Singapore Minister for Finance Heng Swee Keat delivers opening remarks at the ASEAN Finance Ministers meeting- 0130 GMT. TUESDAY, APRIL 10 WARSAW- National Bank of Poland holds Monetary Policy Council Meeting.

  • SINGAPORE Singapore hosts the ASEAN finance ministers and central bank governors' meetings. THURSDAY, APRIL 5 SINGAPORE- Singapore Minister for Finance Heng Swee Keat gives a keynote speech at the World Bank- Singapore Infrastructure Finance Summit. **SINGAPORE- Singapore Minister for Finance Heng Swee Keat delivers opening remarks at the ASEAN Finance...

  • Trump holds up an executive order withdrawing the U.S. from the Trans-Pacific Partnership after signing it in the Oval Office of the White House in Washington, DC, January 23, 2017.

    The biggest trade deal in two decades was signed in March. What is the CPTPP, or the Comprehensive and Progressive Agreement for Trans-Pacific Partnership? CNBC explains.

  • SINGAPORE Singapore hosts the ASEAN finance ministers and central bank governors' meetings. SYDNEY- Reserve Bank of Australia holds interest rate meeting 0430 GMT. THURSDAY, APRIL 5 SINGAPORE- Singapore Minister for Finance Heng Swee Keat gives a keynote speech at the World Bank- Singapore Infrastructure Finance Summit.