World Bank lowers projection

World Bank lowers projection

Washington – The World Bank on Tuesday lowered its projection for the global economic outlook this year, as developing countries are heading for disappointing growth, while high-income countries are gaining momentum. World Bank lowers projection for global...
New World Bank president wants alignment

New World Bank president wants alignment

Pretoria – Newly appointed World Bank president Dr Jim Yong Kim will seek a new alignment of the World Bank group with a rapidly changing world. The bank announced on Monday that it had selected the Korean-American global health expert to become its next...
Chief must understand global challenges

Chief must understand global challenges

Washington – The new World Bank chief should have a keen understanding of major global development challenges and facilitate solutions to those critical problems, a US expert has said. The Washington-based international financial agency is seeking a successor to...