Development banking

FILE - In this Monday, Sept. 23, 2019 file photo, African Development Bank President Akinwumi Adesina, left, is joined by Masen President Mustapha Bakkoury as he addresses the Climate Action Summit in the United Nations General Assembly, at U.N. headquarters. Africa shouldn't have to beg for help in addressing climate change, the president of the African Development Bank said Tuesday, Feb. 11, 2020, adding that polluting global powers "have to pay." (AP Photo/Jason DeCrow, File)
February 11, 2020 - 3:43 am
ADDIS ABABA, Ethiopia (AP) — Africa shouldn’t have to beg for help in addressing climate change, the president of the African Development Bank said Tuesday, adding that polluting global powers “have to pay.” Akinwumi Adesina told The Associated Press in an interview on the sidelines of the African...
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FILE- In this Dec. 20, 2015 file photo, a man rides a camel through the desert oil field and winter camping area of Sakhir, Bahrain. The International Monetary Fund is warning that energy-rich Gulf Arab states could burn through all their savings in the next 15 years. An IMF report released Thursday, Feb. 6, 2020, points to worries about climate change and supply from new competitors as dampening global oil prices. The IMF said those nations need to cut costs and diversify their economies. (AP Photo/Hasan Jamali, File)
February 06, 2020 - 9:18 am
DUBAI, United Arab Emirates (AP) — Energy-rich Gulf Arab states could burn through all their savings in the next 15 years as worries about climate change and supply from new competitors dampen oil prices, the International Monetary Fund warned on Thursday, advising the nations to rein in their...
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Pope Francis caresses a baby during his weekly general audience in the Pope Paul VI hall at the Vatican, Wednesday, Feb. 5, 2020. (AP Photo/Andrew Medichini)
February 05, 2020 - 11:16 am
VATICAN CITY (AP) — Pope Francis urged the International Monetary Fund and finance ministers from across Latin America to work together to end economic “injustices,” saying Wednesday that new forms of solidarity can give hope to the poorest. “We aren’t condemned to universal inequality,” Francis...
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Indian workers repair an advertising hoarding in Hyderabad, India, Tuesday, Jan. 21, 2020. The IMF on Monday lowered India’s economic growth estimate for the current fiscal to 4.8% and listed the country’s Gross Domestic Product (GDP) numbers as the single biggest drag on its global growth forecast for two years. (AP Photo/Mahesh Kumar A.)
January 21, 2020 - 2:28 am
NEW DELHI (AP) — A decision by the International Monetary Fund to downgrade its economic growth forecast for India is adding to pressure on Indian Prime Minister Narendra Modi over his policies. Opposition leaders and economists on Tuesday blasted the government for failing to deliver on promises...
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An employee works in a chemical fiber plant in Nantong in eastern China's Jiangsu Province, Friday, Jan. 17, 2020. China's economic growth sank to a new multi-decade low in 2019 as Beijing fought a tariff war with Washington, but forecasters said a U.S.-Chinese trade truce might help to revive consumer and business activity. (Chinatopix via AP)
January 20, 2020 - 5:24 am
WASHINGTON (AP) — Low interest rates and reduced trade tensions will likely buoy the global economy over the next two years and help nurture steady if modest growth. That's the view of the International Monetary Fund, which foresees world economic growth accelerating from 2.9% last year to 3.3% in...
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FILE - In this Oct. 19, 2019, file photo, members of the International Monetary and Financial Committee (IMFC) meet at the World Bank/IMF Annual Meetings in Washington. The World Bank said in an updated economic outlook released Wednesday, Jan. 8, 2020, that the global economy should see a modest rebound in growth this year. But the 189-nation lending institution is cautioning that a number risks could upend its forecast, including the possibility of renewed trade hostilities between the world's two biggest economies, the United States and China. (AP Photo/Jose Luis Magana, File)
January 08, 2020 - 2:29 pm
WASHINGTON (AP) — The World Bank says the global economy should see a modest rebound in growth this year. But the 189-nation lending institution is cautioning that a number risks could upend its forecast, including the possibility of renewed trade hostilities between the world's two biggest...
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December 08, 2019 - 6:42 am
KYIV, Ukraine (AP) — Ukraine and the International Monetary Fund have reached agreement on a new $5.5 billion program to boost the country's growth and economic reforms. The agreement, which still must be approved by the fund's management, was reached in a Saturday telephone call between Ukrainian...
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November 25, 2019 - 9:28 am
ATHENS, Greece (AP) — Greece’s finance ministry says the country has completed an early repayment of loans to the International Monetary Fund worth 2.7 billion euros ($2.9 billion). The action completed Monday had received the required approval from European bailout lenders and will help Greece...
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World Bank Regional Director Saroj Kumar Jha, speaks during an interview with the Associated Press, in Beirut, Lebanon, Friday, Nov. 8, 2019. Jha said during the interview that Lebanon needs to quickly form a new Cabinet within a week to prevent further degradation of the Lebanese economy and the confidence of the Lebanese economy. Jha said in recent weeks the World Bank has observed increasing risks to Lebanon's economic and financial stability and therefore it is very concerned that this will impact Lebanon's poor people, middle class and businesses.(AP Photo/Hussein Malla)
November 08, 2019 - 9:47 am
BEIRUT (AP) — The World Bank on Friday urged Lebanon to form a new Cabinet "within a week" to prevent further degradation and loss of confidence in its economy, warning of grave risks to the country's stability amid a worsening fiscal and economic crisis. Saroj Kumar Jha, the organization's...
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October 28, 2019 - 1:02 pm
ATHENS, Greece (AP) — Greece has won approval from its European creditors to repay part of its debts to the International Monetary Fund earlier than required, thus avoiding cumbersome interest payments. Monday's decision also spares Greece the obligation of having to make a massive early repayment...
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