Development banking

FILE - In this March 25, 2019, file photo White House adviser Jared Kushner listens during a proclamation signing with President Donald Trump and Israeli Prime Minister Benjamin Netanyahu in the Diplomatic Reception Room at the White House in Washington. Kushner will present the economic portion of his Mideast peace plan on June 25 in Bahrain, with some key players missing. (AP Photo/Susan Walsh, File)
June 25, 2019 - 11:18 pm
MANAMA, Bahrain (AP) — The heads of international financial institutions and global investors are addressing a conference intended to boost a $50 billion U.S. economic plan for the Palestinians. Despite widespread doubts about the proposal, which has been rejected by the Palestinians, the chiefs of...
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May 12, 2019 - 12:37 pm
ISLAMABAD (AP) — The International Monetary Fund said Sunday it reached a preliminary agreement with Pakistan for a $6 billion bailout over the next three years to finance sweeping economic reforms. Pakistan and the international lender reached a "staff level agreement" subject to approval by the...
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FILE - In this Nov. 13, 2018 file photo, Jihad Azour, the International Monetary Fund's Mideast and Central Asia department director, gives a press conference in Dubai, United Arab Emirates. In a new outlook report issued Monday, April 29, 2019, the IMF said that political uncertainty and volatile oil prices are weighing heavily on economic growth in the Middle East this year. A closer look, however, shows sharp variations from country to country. (AP Photo/Kamran Jebreili, File)
April 28, 2019 - 11:02 pm
DUBAI, United Arab Emirates (AP) — Political uncertainty and volatile oil prices are weighing heavily on economic growth in the Middle East this year, according to a new report released Monday by the International Monetary Fund. The report, which looks at the economies of 23 countries spanning...
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White House senior adviser Ivanka Trump speaks during an interview with The Associated Press, Wednesday April 17, 2019, in Abidjan, Ivory Coast, where Trump is promoting a White House global economic program for women. (AP Photo/Jacquelyn Martin)
April 17, 2019 - 5:33 pm
ABIDJIAN, Ivory Coast (AP) — White House senior adviser Ivanka Trump says her father asked her if she was interested in the job of World Bank chief but she passed on it. In an Associated Press interview, President Donald Trump's daughter said Wednesday she was happy with her current role in the...
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International Monetary Fund (IMF) Managing Director Christine Lagarde speaks with Treasury Secretary Steven Mnuchin during the International Monetary Fund IMF Governors group photo at the World Bank/IMF Spring Meetings in Washington, Saturday, April 13, 2019. (AP Photo/Jose Luis Magana)
April 13, 2019 - 9:44 pm
WASHINGTON (AP) — Global finance officials are pledging closer cooperation in efforts to lift the world economy out of its current slowdown, but tensions persist between the United States and other nations over trade and other issues. Officials wrapped up the spring meetings of the 189-nation...
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Japan's Finance Minister Taro Aso, speaks during a G20 news conference, at the World Bank/IMF Spring Meetings in Washington, Friday, April 12, 2019. (AP Photo/Jose Luis Magana)
April 12, 2019 - 12:58 pm
WASHINGTON (AP) — Finance officials from the world's major powers acknowledged Friday that the global economy is in a slowdown, but they forecast that growth will pick up by the second half of this year, thanks to interest-rate policies from the Federal Reserve and other central banks. Officials of...
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Chief Economist and Director of Research Department at the IMF, Gita Gopinath, speaks during a news conference at the World Bank/IMF Spring Meetings, in Washington, Tuesday, April 9, 2019. (AP Photo/Jose Luis Magana)
April 09, 2019 - 8:17 am
WASHINGTON (AP) — The International Monetary Fund on Tuesday downgraded its outlook for growth in the United States, Europe, Japan and the overall global economy and pointed to heightened trade tensions as a key reason. The IMF expects the world economy to grow 3.3% this year, down from 3.6% in...
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FILE- In this Feb. 6, 2019, file photo David Malpass, undersecretary for international affairs at the Treasury Department, listens to Trish Regan during "Trish Regan Primetime" on Fox Business in Washington. Malpass, the Treasury official nominated by President Donald Trump to head the 189-nation World Bank, has won election to the post. The World Bank says Malpass was approved unanimously by the bank’s 25-member executive board on Friday, April 5. (AP Photo/Sait Serkan Gurbuz, File)
April 05, 2019 - 1:28 pm
WASHINGTON (AP) — David Malpass, the Treasury official nominated by President Donald Trump to head the 189-nation World Bank, was elected to the job on Friday. Malpass was approved unanimously by the bank's 25-member executive board. He will begin a five-year term next Tuesday succeeding Jim Yong...
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FILE - In this Jan. 21, 2019 file photo, International Monetary Fund Managing Director Christine Lagarde briefs the media during a news conference at the annual meeting of the World Economic Forum in Davos. The head of the 189-nation International Monetary Fund said Tuesday, April 2 the global economy is at a “delicate moment” with a hoped-for rebound in growth later this year being threatened by a variety of factors such as rising trade tensions between the world’s two biggest economies. Lagarde said the IMF does not forecast a recession in its updated economic outlook to be released next week but she called the current situation “precarious” and vulnerable to policy mistakes. (AP Photo/Markus Schreiber, File)
April 02, 2019 - 9:08 am
WASHINGTON (AP) — The head of the 189-nation International Monetary Fund said Tuesday the global economy is at a "delicate moment" with a hoped-for rebound in growth later this year being threatened by a variety of factors such as rising trade tensions between the world's two biggest economies. IMF...
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March 14, 2019 - 11:12 am
WASHINGTON (AP) — The Treasury official nominated by President Donald Trump to be the next president of the World Bank has cleared a major hurdle, with nominations for the position closing with no other candidates emerging. The World Bank says David Malpass was the only candidate put forward by the...
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