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World Bank

International financial institution

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World Bank: International financial institution
The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group.


Lebanon must cooperate with IMF but needs a new government - Hariri

Lebanon must cooperate with the International Monetary Fund and World Bank over its economy, which is in deep crisis, but that should be overseen by a new government and not the current caretaker..
Reuters - Published

Trump calls for World Bank to stop loaning to China

U.S. President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan to Beijing over Washington's objections.
Reuters - Published

China says World Bank report 'clarifies truth' on Xinjiang programmes

China responded on Tuesday to a decision by the World Bank to reduce funding for vocational training centers in the troubled western region of Xinjiang, by saying the bank's review of its projects had..
Reuters - Published

World Bank ready to support Lebanon, urges quick formation of new cabinet

The World Bank said on Wednesday it stood ready to back a new Lebanese government, warning the country had no time to waste to tackle an emerging economic crisis worsening by the day.
Reuters - Published

Sudan agrees reforms with World Bank, IMF: finance minister

Sudan has agreed a roadmap to "rehabilitate" the country with the World Bank, International Monetary Fund and African Development Bank, its finance minister said on Thursday.
Reuters - Published

Indonesia president taps opposition, start-up founder for new cabinet

Indonesian President Joko Widodo announced his second-term cabinet on Wednesday, retaining former World Bank executive Sri Mulyani Indrawati as finance minister and tapping the opposition leader as he..
Reuters - Published

Indonesia cabinet includes president's rival, startup founder

Indonesian President Joko Widodo unveiled his cabinet for a second term on Wednesday, retaining former World Bank executive Sri Mulyani Indrawati as finance minister and tapping the leader of the..
Reuters - Published

Factbox: Policy challenges for Indonesia's Widodo in second term

Indonesian President Joko Widodo unveiled his cabinet for a second term on Wednesday, retaining former World Bank executive Sri Mulyani Indrawati as finance minister and including the leader of the..
Reuters - Published

IMF names Kristalina Georgieva as new head

Ms Georgieva, a former top World Bank official, becomes the first IMF boss from an emerging economy.
BBC News - Published

World Bank's Georgieva sole candidate to lead IMF, Fund says

The International Monetary Fund said on Monday that World Bank chief executive Kristalina Georgieva will be considered as the sole candidate to be the next IMF managing director following the close of..
Reuters - Published

Bulgaria's Georgieva climbs from communism to IMF head hopeful

Bulgarian economist Kristalina Georgieva has been named European candidate to lead the International Monetary Fund after years of experience at its twin organization the World Bank.
Reuters - Published

EU settles on World Bank's Georgieva to lead IMF

European Union governments picked Bulgaria's Kristalina Georgieva as the bloc's candidate to lead the International Monetary Fund after more than 12 hours of talks on Friday that highlighted the EU's..
Reuters - Published

World Bank's Georgieva to relinquish duties during IMF nomination period

World Bank Chief Executive Officer Kristalina Georgieva said on Friday that she will temporarily relinquish her World Bank responsibilities after being nominated as a candidate to lead the..
Reuters - Published

World Bank chief urges reforms to attract investment amid trade uncertainty

Uncertainty from trade tensions and slowing global growth is increasing the need for developing countries to pursue reforms that make them more attractive to private investment, World Bank President..
Reuters - Published

Moldovan parties agree to form government after months of deadlock

Moldovan parties on Saturday agreed to form a government and appoint Maia Sandu, a former education minister and World Bank adviser, as prime minister with a mandate to curb the power of oligarchs in..
Reuters - Published

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