World Bank and IMF meet in Washington
12 years, 11 months ago

World Bank and IMF meet in Washington

China Daily  

This is the VOA Special English Economics Report. World Bank President Robert Zoelick spoke to them on Thursday. This is the last time he attends the Spring Meetings of the two organizations as World Bank President. The United States traditionally chooses the World Bank head and Europe chooses the IMF chief. Related stories: Korean-American Kim to lead World Bank American seeks World Bank's top job Colombian competes for World Bank presidency New World Bank chief to face many challenges （来源：VOA 编辑：旭燕）

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What will become of the World Bank if Trump triumphs, asks ALEX BRUMMER
5 months ago

What will become of the World Bank if Trump triumphs, asks ALEX BRUMMER

Daily Mail  

THE capacious headquarters of the World Bank and International Monetary Fund are separated from the White House by just a couple of city blocks. Support: Treasury Secretary Janet Yellen lavished praise on Ajay Banga's stewardship of the World Bank - but how useful would that prove under a Trump presidency? So it was a rare moment to see Treasury Secretary …

Union Minister Meets World Bank President, Discusses MDBs Reforms
5 months ago

Union Minister Meets World Bank President, Discusses MDBs Reforms

The Hindu  

Union Finance Minister Nirmala Sitharaman held a meeting with World Bank President Ajay Banga on the sidelines of the World Bank and International Monetary Fund (IMF) Annual Meetings 2024, in Washington, DC on Wednesday. The two sides discussed issues related to private capital participation in Global Public Goods, Energy security, and Multilateral Development Banks (MDBs) reforms.

ECONOMIC PERSPECTIVES | No concrete outcomes at IMF and World Bank Spring Meetings
1 year, 10 months ago

ECONOMIC PERSPECTIVES | No concrete outcomes at IMF and World Bank Spring Meetings

The Hindu  

Published : May 04, 2023 11:00 IST - 11 MINS READ Ministers, central bankers, officials, and civil society activists returning home from Washington after the Spring Meetings of the World Bank and the International Monetary Fund held in April 2023 were not clear what the outcomes of the meetings, however minor, were. The IMF’s record, thus far, has been marked …

New India-born World Bank chief: Real change or rebranding?
1 year, 11 months ago

New India-born World Bank chief: Real change or rebranding?

Associated Press  

BENGALURU, India — The incoming president of the World Bank was born in India and forged his early business success there, a fact supporters say gives Ajay Banga valuable insight into the challenges faced by the developing countries the bank is supposed to help. U.S. Treasury Secretary Janet Yellen talked up Banga’s credentials this week on the sidelines of the …

US Pick for World Bank Ajay Banga Says 'Emission Heavy' Growth Model Outdated
2 years ago

US Pick for World Bank Ajay Banga Says 'Emission Heavy' Growth Model Outdated

News 18  

The United States’ candidate to head the World Bank, Ajay Banga, on Wednesday called for a revamp of the development model to better meet the challenge of climate change. The 63-year-old Indian American was last month nominated by US President Joe Biden to head the global lender after its current chief David Malpass announced plans to step down early. The …

US candidate for World Bank chief Ajay Banga urges development model revamp
2 years ago

US candidate for World Bank chief Ajay Banga urges development model revamp

Firstpost  

Nairobi : The United States’ candidate to head the World Bank, Ajay Banga, on Wednesday called for a revamp of the development model to better meet the challenge of climate change. The 63-year-old Indian American was last month nominated by US President Joe Biden to head the global lender after its current chief David Malpass announced plans to step down …

US nominates Ajay Banga for World Bank president
2 years, 1 month ago

US nominates Ajay Banga for World Bank president

Associated Press  

WASHINGTON — The United States is nominating former Mastercard CEO Ajay Banga to lead the World Bank, President Joe Biden announced on Thursday, crediting him with critical experience on global challenges including climate change. Addressing the impacts of climate change at the multilateral bank is a priority for the U.S. And leading climate figures have urged the Biden administration to …

IMF board confident about leader despite data-rigging claims
3 years, 5 months ago

IMF board confident about leader despite data-rigging claims

Associated Press  

WASHINGTON — The International Monetary Fund expressed “full confidence” in its managing director Tuesday in response to allegations that while she was a World Bank official, she and others pressured staffers to change business rankings in an effort to placate China. The IMF’s 24-member executive board said in a statement that its review “did not conclusively demonstrate that the managing …

IMF board expresses confidence in leader despite questions about past conduct
3 years, 5 months ago

IMF board expresses confidence in leader despite questions about past conduct

LA Times  

Kristalina Georgieva, managing director of the International Monetary Fund, delivers a speech in the Netherlands on Sept. 6. The International Monetary Fund expressed “full confidence” in its managing director Tuesday in response to allegations that, while she was a World Bank official, she and others pressured staff members to change business rankings in an effort to placate China. The IMF’s …

IMF chief facing data-rigging allegations defends actions
3 years, 5 months ago

IMF chief facing data-rigging allegations defends actions

Associated Press  

WASHINGTON — The head of the International Monetary Fund said Thursday that a report alleging she had a role in data-rigging at the World Bank when she was a top official there was not an accurate representation of events. The statement came a day after IMF Managing Director Kristalina Georgieva appeared before the agency’s executive board, which is investigating allegations …

IMF head meets with board probing data-rigging allegations
3 years, 5 months ago

IMF head meets with board probing data-rigging allegations

Associated Press  

WASHINGTON — The head of the International Monetary Fund met on Wednesday with her agency’s executive board, which is conducting an investigation into alleged data-rigging at the World Bank, the sister global lender where she was formerly was a top executive. The IMF is investigating allegations that in 2018 World Bank employees were pressured to alter data affecting its business-climate …

IMF gets briefing on probe into China rankings at World Bank
3 years, 5 months ago

IMF gets briefing on probe into China rankings at World Bank

Associated Press  

WASHINGTON — The International Monetary Fund said Monday its board of directors has been briefed by attorneys from the law firm whose investigation found that current IMF Managing Director Kristalina Georgieva and other officials pressured World Bank employees to alter data affecting the business rankings of China and other nations. The IMF said the 190-nation lending agency’s board of directors …

Trump’s pick to head the World Bank wins election
5 years, 11 months ago

Trump’s pick to head the World Bank wins election

Associated Press  

WASHINGTON — David Malpass, the Treasury official nominated by President Donald Trump to head the 189-nation World Bank, was elected to the job on Friday. “I look forward to continuing our work to economically empower women globally and further the bank’s core mission of ending poverty,” said Ivanka Trump, who had worked on those issues with Kim. In a note …

White House dismisses reports of Ivanka Trump being a contender for World Bank chief, says she will help US find one
6 years, 2 months ago

White House dismisses reports of Ivanka Trump being a contender for World Bank chief, says she will help US find one

Firstpost  

The White House refuted media reports that the daughter of the US President Ivanka Trump was under consideration for the bank’s presidency Washington: President Donald Trump’s eldest daughter and senior advisor Ivanka will help the US to pick the new World Bank president, the White House has said, dismissing media reports that she herself is a key contender for the …

World Bank President Jim Yong Kim resigns
6 years, 2 months ago

World Bank President Jim Yong Kim resigns

Al Jazeera  

World Bank CEO Kristalina Georgieva will assume the role of interim president from February 1. World Bank President Jim Yong Kim has resigned, more than three years before his term ends in 2022, the multilateral lender said on Monday. “It’s been a great honor to serve as President of this remarkable institution, full of passionate individuals dedicated to the mission …

World Bank takes to Belt and Road[1]- Chinadaily.com.cn
7 years, 11 months ago

World Bank takes to Belt and Road[1]- Chinadaily.com.cn

China Daily  

World Bank President Jim Yong Kim speaks at the opening press conference of the 2017 World Bank and International Monetary Fund Spring Meetings in Washington DC, April 20, 2017. The World Bank Group is and will continue working closely with the Chinese government on the Belt and Road Initiative, according to the chief of the international financial institution. Jim Yong …

World Bank takes to Belt and Road[1]- Chinadaily.com.cn
7 years, 11 months ago

World Bank takes to Belt and Road[1]- Chinadaily.com.cn

China Daily  

World Bank President Jim Yong Kim speaks at the opening press conference of the 2017 World Bank and International Monetary Fund Spring Meetings in Washington DC, April 20, 2017. The World Bank Group is and will continue working closely with the Chinese government on the Belt and Road Initiative, according to the chief of the international financial institution. Jim Yong …

Korean-American Kim to lead World Bank
12 years, 11 months ago

Korean-American Kim to lead World Bank

China Daily  

Get Flash Player Download The World Bank chose Korean-American physician Jim Yong Kim as its next chief on Monday, in a decision that surprised few but took beating an unprecedented challenge to the US lock on the Bank's presidency. "Their candidacies enriched the discussion of the role of the president and of the World Bank Group's future direction," the Bank …

Korean-American Kim to lead World Bank
12 years, 11 months ago

Korean-American Kim to lead World Bank

China Daily  

Get Flash Player Download The World Bank chose Korean-American physician Jim Yong Kim as its next chief on Monday, in a decision that surprised few but took beating an unprecedented challenge to the US lock on the Bank's presidency. "Their candidacies enriched the discussion of the role of the president and of the World Bank Group's future direction," the Bank …

American seeks World Bank's top job
12 years, 11 months ago

American seeks World Bank's top job

China Daily  

Top World Bank officials will soon decide which of three candidates will become president of the global development institution. Nancy Birsdall of the Center for Global Development says Kim may change the World Bank's culture. The World Bank's president has always been an American, but many major emerging economies want more of a say in the choice of leadership. Related …

American seeks World Bank's top job
12 years, 11 months ago

American seeks World Bank's top job

China Daily  

Top World Bank officials will soon decide which of three candidates will become president of the global development institution. Nancy Birsdall of the Center for Global Development says Kim may change the World Bank's culture. The World Bank's president has always been an American, but many major emerging economies want more of a say in the choice of leadership. Related …

Japan says Yes to US nominee to head World Bank
12 years, 11 months ago

Japan says Yes to US nominee to head World Bank

Firstpost  

Jim Yong Kim, a physician and anthropologist, was named by the Obama administration in March as the US pick to succeed Robert Zoellick when he steps down in June. Tokyo: Japan will support Jim Yong Kim, the US nominee for the next World Bank head, Japanese Finance Minister Jun Azumi said on Sunday after meeting the candidate who is in …

Merit should be criteria for World Bank top post: BRICS
13 years ago

Merit should be criteria for World Bank top post: BRICS

Firstpost  

Leaders of the emerging countries empahasised that the selection of the World Bank chief should be on the basis on merit and not the nationality. New Delhi: The five-nation BRICS group of emerging economies, representing almost 43 percent of the world’s population, today welcomed the candidatures of developing countries for the World Bank presidency, demanding that the selection should be …

New World Bank chief to face many challenges
13 years ago

New World Bank chief to face many challenges

China Daily  

President Obama has nominated Dartmouth College President Jim Yong Kim to be the next World Bank president. Erixon also said this being a presidential election year it's very unlikely anyone but an American would become World Bank president. " "Now what we're seeing is lots of developing countries that are asking for a change in the selection process when the …

New World Bank chief to face many challenges
13 years ago

New World Bank chief to face many challenges

China Daily  

President Obama has nominated Dartmouth College President Jim Yong Kim to be the next World Bank president. Erixon also said this being a presidential election year it's very unlikely anyone but an American would become World Bank president. " "Now what we're seeing is lots of developing countries that are asking for a change in the selection process when the …

Who should be the next chief of the IMF?
13 years, 10 months ago

Who should be the next chief of the IMF?

China Daily  

This is the VOA Special English Economics Report. He said in a resignation letter released Thursday by the IMF that he denies the charges "with the greatest possible firmness." ANGELA MERKEL: "In the present situation, when we have significant problems with the euro and the IMF is very much involved there, there should be a European candidate with support from …

Robert Zoellick Tapped to Lead World Bank
17 years, 10 months ago

Robert Zoellick Tapped to Lead World Bank

NPR  

Robert Zoellick Tapped to Lead World Bank President Bush on Wednesday nominated Robert Zoellick to be the next president of the World Bank, replacing Paul Wolfowitz. Aldonas says Zoellick's greatest accomplishment came at the World Trade Organization talks in Doha, Qatar. Sponsor Message Aldonas says that moment at Doha showed that Zoellick can be true to President Bush's vision, while …

World Bank Continues Zoellick's Rise
17 years, 10 months ago

World Bank Continues Zoellick's Rise

NPR  

World Bank Continues Zoellick's Rise President Bush on Wednesday nominated Robert Zoellick to be the next president of the World Bank, replacing Paul Wolfowitz. Aldonas says Zoellick's greatest accomplishment came at the World Trade Organization talks in Doha, Qatar. Sponsor Message Aldonas says that moment at Doha showed that Zoellick can be true to President Bush's vision, while winning over …

Bush Taps Robert Zoellick as World Bank President
17 years, 10 months ago

Bush Taps Robert Zoellick as World Bank President

NPR  

Bush Taps Robert Zoellick as World Bank President toggle caption Mandel Ngan/AFP/Getty Images Timeline: Robert Zoellick 1953: Born in Naperville, Ill. 1981: Received J.D. President Bush has selected former U.S. trade representative Robert Zoellick to replace Paul Wolfowitz as president of the World Bank, senior administration officials say. The White House says Zoellick has the trust and respect of many …

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