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

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

Debt, inequality and the coronavirus: A conversation with former Fed Chair Janet Yellen and the World Bank's David Malpass

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

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

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

Questions abound as World Bank seeks new leader

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 […]

World Bank report says more live in poverty than previously thought

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 […]

World Bank report says more live in poverty than previously thought

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 […]

World Bank report finds that poverty, lack of education follows generations

May 10, 2018
It’s the dream of many parents that their children will grow up to have more prosperous lives than they did. A new report from the World Bank finds that’s not happening in much of the developing world, where upward mobility has stalled for the past 30 years.  Click the audio player above to hear the […]

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World Bank offers lifeline to developing countries hit by catastrophes

Aug 7, 2017
The World Bank has just issued $360 million in so-called “catastrophe bonds” in collaboration with Mexico. Global investors snapped up the bonds — the first issued directly by the World Bank — which will help Mexico cover emergency relief costs in the event of a major hurricane or earthquake, should one hit. 

U.S. allies rush to join World Bank alternative

Mar 30, 2015
America failed to persuade them to stay away from a new, Chinese-led institution.

The World Bank has a sunny forecast for the year

Jan 15, 2014
As rich economies expand, stronger growth globally is expected.