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World Bank

Climate change is high on the agenda as the World Bank gets a new president

by Lily Jamali
May 2, 2023
The outgoing World Bank president has been accused of downplaying the risks of fossil fuels.
Former Mastercard CEO Ajay Banga, the U.S. nominee for the World Bank presidency, is expected to bring a new focus on climate change to the institution's programs.
Alex Wong/Getty Images
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World Bank convenes amid a shaky global economic backdrop

by David Brancaccio , Alex Schroeder and Jarrett Dang
Apr 10, 2023
Chief David Malpass discusses the obstacles facing developing nations, including a scarcity of investment capital and loans from the rich world.
Outgoing World Bank President at an October news conference. He laments that "the investment rates into developing countries has turned downward."
Anna Moneymaker/Getty Images
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World Bank predicts sharp economic downturn, hitting developing countries hardest

by Lily Jamali
Jan 12, 2023
The projected slump would put the global economy on a razor’s edge, World Bank researchers say.
A vendor sells cereals in Nairobi, Kenya. A recent World Bank report says that a global recession could hit emerging economies especially hard.
Simon Maina/AFP via Getty Images
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Global economic growth likely to slow in 2022, World Bank says

by David Brancaccio and Rose Conlon
Jan 12, 2022
Inequalities between and within countries could widen in 2022, World Bank President David Malpass warns.
"Vaccines are critical because they reduce the hospitalization, because they allow economies to function," says David Malpass, president of the World Bank.
Andrew Caballero-Reynolds/AFP/Getty Images
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Fast-Track Vaccines

World Bank proposes a $12 billion fund for COVID vaccine dispersal to poor and developing countries

by David Brancaccio and Daniel Shin
Oct 5, 2020
World Bank President David Malpass believes his institution will be well situated to both fund and assist in a global COVID vaccine distribution effort.
"Up to $12 billion is a signal to the pharmaceutical manufacturers that there's going to be a big demand, and that there's financing for it, and that the countries will be looking for a safe vaccine. And so it fills that void that would otherwise be there," says World Bank President David Malpass.
Sajjad Hussain/AFP via Getty Images
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Debt, inequality and the coronavirus: A conversation with former Fed Chair Janet Yellen and the World Bank's David Malpass

by Marketplace Staff
Feb 4, 2020
The panel discussion also touched on "trade unpleasantness," the slowdown in global growth and interest rates.
From left to right, David Malpass, Janet Yellen and Kai Ryssdal at George Washington University on Feb. 4, 2020.
Greg Gibson
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World Bank

Emerging markets less ready for recession than before the global financial crisis — report

by Kimberly Adams
Nov 20, 2019
A World Bank report shows developing nations to be more exposed to recession now than a decade ago.
Win McNamee/Getty Images
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Questions abound as World Bank seeks new leader

by Tracey Samuelson
Jan 8, 2019
The head of the World Bank, Jim Kim, announced his resignation Monday — a surprise given that he’s still got a few years left on his term. So now the search is on to find his replacement. Traditionally, the World Bank’s been led by an American, while the International Monetary Fund has been run by […]
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World Bank report says more live in poverty than previously thought

by Jed Kim
Oct 17, 2018
The number of people living below the international poverty line has decreased by about a billion over the past 15 years, according to the World Bank’s annual report on global poverty. But the report concludes the threshold for measuring that — those who make less than $1.90 a day — is inadequate. The report introduces […]
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World Bank report says more live in poverty than previously thought

by Jed Kim
Oct 17, 2018
The number of people living below the international poverty line has decreased by about a billion over the past 15 years, according to the World Bank’s annual report on global poverty. But the report concludes the threshold for measuring that — those who make less than $1.90 a day — is inadequate. The report introduces […]
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