World Bank Archives - CFO

World Bank Cuts 2022 Global Growth Forecast

World Bank Cuts 2022 Global Growth Forecast

“There is a pronounced slowdown underway. Policy support is being withdrawn and there is a multitude of risks ahead of us.”

By Matthew Heller | January 11, 2022

Probe Faults World Bank Over China Ranking

Probe Faults World Bank Over China Ranking

An internal investigation finds management pressured staff to alter data in the bank’s Doing Business report to placate China.

By Matthew Heller | September 17, 2021

World Bank Lowers 2021 Growth Forecast to 4%

World Bank Lowers 2021 Growth Forecast to 4%

There is a “material risk” that setbacks in containing the pandemic could result in a much weaker recovery, the bank warns.

By Matthew Heller | January 6, 2021

World Bank Cuts 2020 Growth Forecast to 2.5%

World Bank Cuts 2020 Growth Forecast to 2.5%

“While growth could be stronger if reduced trade tensions lead to a sustained reduction in uncertainty, the balance of risks is to the downside."

By Matthew Heller | January 9, 2020

Trump Taps Treasury Official as World Bank Head

Trump Taps Treasury Official as World Bank Head

David Malpass has criticized the bank's lending policies, raising concerns that he has been selected to push "a U.S.-policy-driven agenda.”

By Matthew Heller | February 7, 2019

World Bank: ‘The Ride Could Get Bumpier’

World Bank: ‘The Ride Could Get Bumpier’

There's a low probability the U.S. will see a recession in 2019, but there's a lot of downside risk to the World Bank's estimate of moderately lower growth.

By Vincent Ryan | January 9, 2019

World Bank Approves $13B Paid-in Capital Hike

World Bank Approves $13B Paid-in Capital Hike

“This boost in capital was essential for us to advance our efforts to mobilize additional finance for development," the bank's president says.

By Matthew Heller | April 23, 2018

World Bank Calls Global Growth Rate “Insipid”

World Bank Calls Global Growth Rate “Insipid”

In its latest Global Economics Report, the bank predicts 2.4% global growth for 2016, down from the 2.9% estimated in January.

By Matthew Heller | June 10, 2016

Trending: Blending

Trending: Blending

The fad for mixing public, charitable, and private money.

By Economist Staff | April 25, 2016

‘New Mediocre’ Could Become Global Economic Reality, Lagarde Worries

‘New Mediocre’ Could Become Global Economic Reality, Lagarde Worries

"Fiscal policy should be better calibrated to the strength of the recovery," Christine Lagarde said.

By Katie Kuehner-Hebert | April 9, 2015

Risks to Outlook ‘Tilted to the Downside’: World Bank

Risks to Outlook ‘Tilted to the Downside’: World Bank

Once again, the World Bank chops some basis points off global economic growth projections, describing the euro zone and Japan as "sputtering."

By Katie Kuehner-Hebert | January 14, 2015

World Bank CFO Gives Up ‘Scarce Skills’ Bonus

Workplace Issues

World Bank CFO Gives Up ‘Scarce Skills’ Bonus

To help defuse staff anger over a radical restructuring of the World Bank, CFO Betrand Badré forgoes a $95,000 bonus.

By Matthew Heller | October 8, 2014

U.S., Canada to Vote Against Financing Russian Projects

Global Business

U.S., Canada to Vote Against Financing Russian Projects

In the wake of the Malaysian jet disaster, the U.S. plans on opposing aid projects for Russia funded by the World Bank.

By Iris Dorbian | July 25, 2014

BRICS Form Their Own World Bank

BRICS Form Their Own World Bank

Brazil, Russia, India, China and South Africa agree to fund a $50 billion development bank and a $100 billion currency exchange reserve.

By Iris Dorbian | July 16, 2014