WATCH: World Bank president pledges to try to cushion virus’ economic blow
World Bank President David Malpass stressed that his agency was well aware of the rising threat from a health crisis that is expected to plunge the global economy into the deepest recession since the Great Depression of the 1930s.
WATCH: Trump taps David Malpass to lead World Bank
Malpass is a sharp critic of the 189-nation lending institution.
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News Wrap: Trump court nominee says her past statements on date rape make her ‘cringe’
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…
Trump expected to tap critic of the World Bank to lead it
Malpass would succeed Jim Yong Kim, who announced in January that he is stepping down three years before his term was set to expire.
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.
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.
Global finance leaders sought to avoid conflict with the Trump administration over trade and environmental policy.
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…
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…
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