World Bank approves $12B to finance virus vaccines, care
Part of a package of up to $160 billion to help developing countries fight the COVID-19 pandemic.
World Bank sees modest global 2020 rebound but trade a risk
Global economy to grow 2.5% this year, up only slightly from 2.4% growth in 2019, the weakest performance since the 2008 financial crisis.
World Bank urges China to open tech industries
Report calls for open markets, reduced subsidies and government involvement.
Trump introduces World Bank critic David Malpass to lead it
Since the World Bank was formed in the mid-1940s, the World Bank has always been led by an American.
World economy forecast to slow in 2019 amid trade tensions: IMF
The International Monetary Fund cites heightened trade tensions and rising US interest rates.
World Bank predicts solid 3.1% global growth in 2018
Also forecasting solid growth of 3% in 2019 and 2.9% in 2020 after 3% expansion in 2017
World Bank sees global economy growing 2.7% this year
Global trade is expected to grow 4% in 2017, the fastest in three years.
Global finance leaders dodge conflict with Trump White House
A call for nations to “resist all forms of protectionism” absent from latest communiqué.
Countries should help those hurt by free trade: Report
The IMF, WTO and World Bank suggest making it easier for people to switch careers or move where jobs are.
World finance officials pledge more resources to aid growth
Cite benefits of globalization, but warn of protectionism as a threat.
World Bank downgrades its 2016 global economic forecast
More pessimistic than the IMF’s outlook for 3.2% global growth this year.
Ready for China?
Balance the risk and reward.
Canada tops G7 in ease of paying corporate taxes
We sit ninth overall out of 189 in worldwide ranking.
World Bank forecasts lower global growth
Economic expansion forecast reduced to 3% from 3.4%.
BRICS nations agree to create own development bank in Shanghai
New $100 billion bank is seen as a strong push against the World Bank and the International Monetary Fund.
IMF chief calls for more focus on growth, less on trimming
Lagarde warns about the dangers of overemphasizing deficit reduction.
IMF, World Bank chiefs urge work on sustainable growth
A reduction in debt need over the medium term.
US top economic power, but regular folks name China
Pew survey points to a shift in views of global economic power.
China needs new economic strategy
Researchers say China needs a new economic strategy after 30 years of rapid growth and must reduce the dominance of state companies and promote free markets to achieve its goal of becoming a high-income society.