Exclusive: World Bank acts to boost lending capacity by $30 billion over 10 years
The World Bank voted on Tuesday to change its internal lending guidelines, freeing up $30 billion in additional lending ...
Bank of America CEO Brian Moynihan says U.S. economy is the envy of the world—but could lose its power due to national debt
Brian Moynihan's warnings over the national debt may be falling on deaf ears, but that isn't going to stop the Bank of ...
World Bank says 26 poorest nations in worst financial shape since 2006
The world's 26 poorest countries, home to 40% of the most poverty-stricken people, are more in debt than at any time since ...
World Bank Acts to Boost Lending Capacity by $30 Billion Over 10 Years
WASHINGTON (Reuters) - The World Bank, under pressure to do more to help developing countries cope with climate change, voted ...
World Bank's Banga Says Wider War in Mideast Would Impact Global Economy
WASHINGTON (Reuters) - World Bank President Ajay Banga said on Tuesday that war damage from Israeli strikes on Gaza is now ...
World Bank Cuts Africa GDP Forecast as Sudan War Stunts Region
The World Bank downgraded its economic growth forecast for sub-Saharan Africa as a raging civil war in Sudan stalled activity ...
Angola Plans More Aid to Poor With $400 Million World Bank Loan
Angola will extend a cash-transfer program for low-income families as a weaker currency and sky-high inflation continue to ...
US Treasury Calls for New IMF, World Bank Steps to Ease Liquidity Strains
WASHINGTON (Reuters) - The U.S. Treasury's top economic diplomat on Friday called on the International Monetary Fund and ...
Treasury official says withdrawing the US from the IMF and World Bank would be a ‘step backward’
U.S. Treasury official Jay Shambaugh says withdrawing the U.S. from the IMF and World Bank would be “a step backward." ...
Exclusive-World Bank board approves new Ukraine fund, with money from US, Japan, Canada, sources say
The World Bank's executive board on Thursday approved the creation of a financial intermediary fund (FIF) to support Ukraine, ...
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World Bank Group Announces New Financing, Adjusts Pricing Terms
New Equity-to-Loans Ratio and other measures could enable $150 bln over 10 years WASHINGTON, October 15, 2024—The World Bank Group announced on Tuesday a package of financial measures that will boost ...
Poorest Countries Face Highest Debt Burden For 18 Years: World Bank
The world's 26 poorest economies are facing the most significant debt burden since 2006, the World Bank announced in a new report published Sunday.