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World Bank lowers projection

World Bank

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. [Read more…]

New World Bank president wants alignment

World Bank - Dr Jim Yong Kim

World Bank - Dr Jim Yong Kim

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 president following the resignation of Robert Zoellick, whose term ends in June. [Read more…]

Chief must understand global challenges

The World Bank

The World Bank

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. [Read more…]