Tag: World Bank
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IMF chief sees global growth below 3% in 2023, says robust recovery remains ‘elusive’
The International Monetary Fund expects global economic growth to dip below 3% in 2023 and to remain around 3% for the next five years,...
US World Bank nominee Banga endorses lending expansion, pledges more
The U.S. nominee to run the World Bank, Ajay Banga, said on Wednesday that he supports his predecessor's proposal to expand the bank's annual...
World Bank’s long-awaited reform plan would boost lending by US$5 billion a year
The World Bank on Thursday submitted a long-awaited reform plan that would boost annual lending to middle-income countries to fight climate change and other global crises...
World Bank board to consider US nominee Banga as sole candidate for next leader
The World Bank Group's executive board said on Thursday that it will consider only one nominee, U.S.-backed former Mastercard (MA.N) Ajay Banga, to be the development...
World Bank warns of ‘lost decade’ in global growth without bold policy shifts
Average potential global economic growth will slump to a three-decade low of 2.2% per year through 2030, ushering in a "lost decade" for the...
