International Organizations World Bank

  • 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.

  • David Malpass

    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...

  • David Malpass speaks during a conference in Buenos Aires, Argentina, on March 18, 2018.

    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.

  • Art work on display in Hanoi, Vietnam, ahead of U.S. President Donald Trump's meeting with North Korean leader Kim Jong Un

    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.

  • Motorcyclists and cyclists ride on a street inside a newly developed residential quarter in Hanoi, Vietnam on May 7, 2013.

    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...

  • North Korea leader Kim Jong Un inspects Unit 1524 of the Korean People's Army (KPA) in this undated photo released by North Korea's Korean Central News Agency (KCNA) June 30, 2018. 

    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.

  • Trump: 'Presidential harassment' hurts our country

    President Trump answers questions after nominating Treasury Department official David Malpass to be the president of the World Bank.