World Bank

WASHINGTON — As World Bank President David Malpass prepares to leave his position in June 2023, he worries about the very real possibility of global recession, and he fears that the next 10 years could be “a lost decade for... Read More

WASHINGTON — Vanessa Nakate, 25-year-old Ugandan climate activist and recently appointed UNICEF goodwill ambassador, visited Washington last week to meet with staff at the World Bank charged with leading international climate finance. She also spoke to the National Press Club... Read More

WASHINGTON - Debt in emerging and developing countries climbed to a record $55 trillion in 2018, the result of an eight-year surge that has been the largest and fastest in nearly 50 years, a study by the World Bank says.... Read More

WASHINGTON - Kristalina Georgieva, a Bulgarian economist and top World Bank official, has been named the new head of the International Monetary Fund. She succeeds Christine Lagarde who is stepping down to take over as head of the European Central... Read More

The global economy has slowed to its lowest pace in three years, the World Bank said Tuesday, attributing the sluggishness to trade disputes, a slowdown in international investment and unexpectedly soft growth in Europe and other large economies. As a... Read More