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.
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."
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.”
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.
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.
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.
‘New Mediocre’ Could Become Global Economic Reality, Lagarde Worries
"Fiscal policy should be better calibrated to the strength of the recovery," Christine Lagarde said.
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."
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.
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.