Malpass is a sharp critic of the 189-nation lending institution.
By Associated Press
In our news wrap Tuesday, Neomi Rao, the woman nominated to take the federal appeals court seat formerly held by Supreme Court Justice Brett Kavanaugh, voiced regrets for her past statements on rape, race and equal rights before the Senate…
Malpass would succeed Jim Yong Kim, who announced in January that he is stepping down three years before his term was set to expire.
By Darlene Superville, Associated Press
The United States is resisting pressure to back off President Trump's America First trade policy at a meeting of global finance leaders worried about the threat of a damaging trade war.
By Paul Wiseman, Martin Crutsinger, Associated Press
By Jill Colvin and Geir Moulson, Associated Press
President Donald Trump said Saturday the U.S. would contribute $50 million to a new World Bank fund conceived by his daughter that aims to help women entrepreneurs access capital and other support.
By Paul Wiseman and Martin Crutsinger, Associated Press
Global finance leaders sought to avoid conflict with the Trump administration over trade and environmental policy.
By PBS NewsHour
When the Ebola outbreak struck West Africa in 2014, it took months for international agencies to funnel money into the affected areas. Eventually, more than 11,000 people died and the economic cost topped $10 billion. Now, the World Bank is…
By Martin Crutsinger, Associated Press
WASHINGTON — Finance officials from the world's major economies are searching for the right mix of policies to bolster a still-weak global recovery nearly six years after the Great Recession while confronting a range of new threats from a soaring…
By Laura Santhanam
Migrants sent $436 billion in remittances to the developing world in 2014, according to a new report from the World Bank. That's far more than what the world's wealthiest nations spent in official development assistance.
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