Ajay Banga, who took over the top job in June, has prioritized global warming issues in his first months on the job.
Category: World Bank
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Middle East War Could Cause Oil Price Shock, World Bank Warns
A new report outlined how a major escalation of the conflict between Israel and Hamas could fuel a new bout of inflation.
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Fragile Global Economy Faces New Crisis in Israel-Gaza War
A war in the Middle East could complicate efforts to contain inflation at a time when world output is “limping along.”
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Yellen May Face Questions in Morocco Over U.S. Dysfunction
Treasury Secretary Janet Yellen calls on Congress to authorize more economic support for Ukraine.
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How China Made Its Housing Crisis Worse
Years of inattention to building an adequate safety net for seniors, the jobless and others in financial stress have left Chinese consumers afraid to spend.
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Europe Vowed to Make Russia Pay for the War. It’s Not That Easy.
Confiscating Russian state assets frozen by the United States and Europe could breach international law and set a dangerous precedent, experts say.
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Global Climate Economy Conference Begins in Paris
Hundreds of representatives from about 80 countries are gathering in Paris to talk about rebuilding a monetary system many say is ill-suited to a changing planet.
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World Bank Projects Weak Global Growth Amid Rising Interest Rates
A new report projects that economic growth will slow this year and remain weak in 2024.
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New World Bank President Ajay Banga Leads at a Pivotal Moment
The incoming president will be under pressure to juggle the global institution’s ambitions to combat climate change and fight poverty.
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New World Bank President Ajay Banga Leads at a Pivotal Moment
The incoming president will be under pressure to juggle the global institution’s ambitions to combat climate change and fight poverty.
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Ajay Banga Confirmed as World Bank Leader
Mr. Banga’s appointment to a five-year term was confirmed on Wednesday by the World Bank.
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Pressure Mounts on China to Offer Debt Relief to Poor Countries Facing Default
There was optimism at the spring meetings of the I.M.F. and World Bank that China will make concessions over restructuring its loans.