World Bank

IMF and World Bank say Sudan meets initial debt relief criteria

By Samy Magdy, Associated Press

The World Bank and the International Monetary Fund have announced that Sudan has met the initial criteria for over $50 billion in foreign debt relief.

Lebanese leaders exchange barbs as country sinks into crisis

By Sarah El Deeb, Associated Press

Lebanon's president and prime minister-designate have traded barbs, escalating a war of words that has for months obstructed the formation of a new government in a country hit by a devastating economic and financial crisis.

James Wolfensohn, former World Bank president, dies at 86

By Associated Press

Wolfensohn worked on Wall Street for many years before taking over as the head of the World Bank in 1995.

WATCH: World Bank president pledges to try to cushion virus’ economic blow

By Martin Crutsinger, Associated Press

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

By Associated Press

Malpass is a sharp critic of the 189-nation lending institution.

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…

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Trump expected to tap critic of the World Bank to lead it

By Darlene Superville, Associated Press

Malpass would succeed Jim Yong Kim, who announced in January that he is stepping down three years before his term was set to expire.

U.S. defends tough trade stance at global finance meeting

By Paul Wiseman, Martin Crutsinger, 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.

Trump pledges $50 million to help women entrepreneurs

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.