Bloomberg
Higher-for-Longer Rates Are a Concern for World Bank
World Bank Group President Ajay Banga says interest rates staying higher for longer "can be a complicated event in many ways" for the global economy during a speech Wednesday at the annual meetings of the International Monetary Fund and...
Bloomberg
The Basics of BRICS
BRICS is a multilateral organization that represents the emerging economies of Brazil, Russia, India, China and South Africa. Bloomberg's Jennifer Zabassaja explains how it grew from the title of an academic paper to a club that other...
Bloomberg
China Eases Debt-Relief Stance in Hint of Talks Progress
China is softening its stance over how to restructure billions of dollars of debt held by poor nations. Discussions in Washington, during the World Bank and International Monetary Fund's Spring Meetings, are aimed at ending a deadlock...
Bloomberg
World Bank Chief Sees 'Dangerous Shortage of Growth' Outside China
"There's a dangerous shortage of growth outside China," says World Bank President David Malpass as he discusses the state of the global economy. "That's in large part because investment isn't going into the right places. " He also talks...
Bloomberg
World Bank's Malpass on Ethics Probe, Vaccinations, Climate Change
Sep.22 -- World Bank President David Malpass discusses the results of an investigation into the alleged role that former top official Kristalina Georgieva played in the World Bank’s Doing Business report, vaccine distribution efforts,...
Bloomberg
World Bank's Malpass: Many Nations to Have Difficulty Dodging Recession
World Bank President David Malpass discusses the factors behind the organization's decision to cut its forecast for global economic growth, debt restructuring for lower-income nations, and efforts to address climate change on "Bloomberg...
Bloomberg
Developing Nations Face Growing Risks, World Bank Says
Carmen Reinhart, chief economist at the World Bank, discusses the outlook for low-income countries amid the coronavirus pandemic. Developing countries face growing risks from financial fragility created by the Covid-19 crisis and...
Bloomberg
World Bank Cuts 2022 Global Growth Outlook
Carmen Reinhart, senior vice president and chief economist at the World Bank, explains why the development lender cut its forecast for global economic growth. The Washington-based institution now expects the global economy to grow 3.2%...
Bloomberg
World Bank’s Heike Reichelt on Sustainable Finance
Heike Reichelt, Head of Investor Relations and Sustainable Finance, World Bank Treasury discusses building sustainable financial initiatives with Bloomberg’s Kait Bolongaro, Canadian Government Reporter. (Source: Bloomberg)
Bloomberg
World Bank Treasury Heads on Sustainable Finance Outlook
Oct.15 -- Andrea Dore, Head of Funding, Capital Markets and Investments, World Bank Treasury; and Heike Reichelt, Head of Investor Relations and Sustainable Finance, World Bank Treasury speak with Bloomberg’s Sonali Basak at the Canadian...
Bloomberg
Bank of Ghana Governor Eyes More Virus Aid, Not Bond Sales
Oct.13 -- Bank of Ghana Governor Ernest Addison discusses the nation’s economic recovery from the coronavirus pandemic, aid from the International Monetary Fund and World Bank, and bond purchase plans. He speaks on “Bloomberg Surveillance.”
Bloomberg
World Bank's Dr. Kim Didn't Want to Go to Medical School
Sep.05 -- Dr. Jim Yong Kim, World Bank president, talks about telling his father that he didn't want to go to medical school. He speaks in the latest episode of "The David Rubenstein Show: Peer-to-Peer Conversations." The interview was...
Bloomberg
World Bank's Malpass on Vaccine Distribution, Debt Relief
Apr.07 -- World Bank President David Malpass discusses the distribution of Covid-19 vaccines in developing nations and says finance ministers from the Group of 20 nations are supportive of extending debt relief for the world’s poorest...
Bloomberg
World Bank's Malpass 'Worried' About Stagflation Persistence
World Bank President David Malpass discusses the impact of inflation on global economic growth, China, and monetary policy from the Federal Reserve Bank of Kansas City's annual gathering in Jackson Hole, Wyoming.
Bloomberg
Africa in Focus: No One Wants to Be a Nigerian Stock Trader
Jan.29 -- Stockbrokers are out of fashion in Nigeria. Not a single company registered to become a dealer on the West African country’s stock exchange in 2019, according to Nigeria’s Securities and Exchange Commission. Meanwhile, the...
Bloomberg
World Bank CEO Sees 'Stepped Up' Climate Action Everywhere
Dec.03 -- Kristalina Georgieva, chief executive officer at the World Bank, discusses why the group has raised $200B to fight climate change over the next 5 years, if they're seeing any action from the U.S. and the commitment towards...
Bloomberg
World Bank Chief Economist Says Poor Nations Need Debt Forgiveness
Apr.05 -- World Bank Chief Economist Carmen Reinhart discusses the outlook for the global economy and policy amid the coronavirus pandemic. The bank's President David Malpass said Monday the Group of 20 gathering of finance ministers...
Bloomberg
Why Dr. Jim Yong Kim Went to the World Bank
Sep.05 -- Dr. Jim Yong Kim, World Bank president, talks about his job interview with President Obama. Kim says that during their talk, he told the president that he'd read his mother's PHD dissertation, a move Obama later called one of...
Bloomberg
World Bank Has Track Record of Frontier Market Investments, Says VP Oteh
Feb.22 -- Arunma Oteh, vice president and treasurer at The World Bank, discusses investing in frontier markets. She speaks with Bloomberg's Francine Lacqua on "Bloomberg Surveillance."
Bloomberg
World Bank Trying to Get Cash to People, Not Just Goverments: Malpass
Apr.23 -- World Bank President David Malpass discusses the impact of the coronavirus pandemic on the institution's distribution of loans and grants to client countries, efforts to address global poverty, and the importance of U.S....
Bloomberg
World Bank's Malpass: Debt Relief Efforts Have Stalled
World Bank President David Malpass discusses the impact of inflation and currency depreciation on the debt load of poorer nations. He speaks on "Bloomberg Surveillance."
Bloomberg
World Bank's Dr. Kim Says Change Was Needed When He Came on Board
Sep.05 -- Dr. Jim Yong Kim, World Bank president, says when he arrived at the bank he looked at "where it could go, what it could be." He speaks in the latest episode of "The David Rubenstein Show: Peer-to-Peer Conversations." The...
Bloomberg
World Bank's Dr. Kim Chose to 'Work on the Losing Side'
Sep.05 -- Dr. Jim Yong Kim, World Bank president, says his decision after medical school to devote himself to co-founding an organization that transformed health efforts in developing countries was made with the understanding that "we're...
Bloomberg
World Bank: Don't Confused Rebound With Recovery
Jan.12 -- World Bank Chief Economist Carmen Reinhart discusses the outlook for the global economy amid the coronavirus pandemic. She speaks with Kathleen Hays and Haidi Stroud-Watts on "Bloomberg Daybreak: Asia."