A new report projects that economic growth will slow this year and remain weak in 2024.
Tag: World Bank
Pressure Mounts on China to Offer Debt Relief to Poor Countries Facing Default
There was optimism at the spring meetings of the I.M.F. and World Bank that China will make concessions over restructuring its loans.
IMF Lowers Growth Outlook Amid Financial System Tremors
The International Monetary Fund says a painful slowdown, which could include a recession, has become a bigger risk for the global economy.
The World Bank Is Getting a New Chief. Will He Pivot Toward Climate Action?
Under pressure from world leaders, development experts and shareholders, the bank opens its spring meeting on Monday, poised for big changes.
Your Monday Briefing: Leaked U.S. Intelligence
Also, China conducts drills near Taiwan and the World Bank prepares for changes.
Global Economy May Be in a ‘Lost Decade,’ World Bank Warns
Adding to crises like the pandemic, recent stress in the banking system is a new threat to world growth, experts at the organization said.
As Zelensky Visits Kherson, World Bank Says Ukraine Needs $411 Billion to Rebuild
The bank released a significantly higher figure as European Union leaders approved plans to provide Kyiv with one million artillery shells over the next 12 months.
Your Friday Briefing: U.S. Lawmakers Blast TikTok’s C.E.O.
Also, a World Bank estimate on the cost to rebuild Ukraine and a prison sentence for India’s opposition leader.
Biden’s World Bank Pick Looks to Link Climate and Development Goals
Ajay Banga will begin a monthlong “global listening tour” to drum up support for his nomination to be the bank’s next president.
World Bank President, Dogged by Climate Questions, Will Step Down Early
David Malpass, under fire for months by critics who accused him of climate denialism, said he would resign in June, a year before his term ends.