World Bank
May 06, 2013
MUMBAI--Hong-Kong entrepreneur Ramesh Tainwala spent 18 months operating branded clothing retail stores in India before deciding it was impossible to succeed without paying...
April 27, 2013
Despite previous protests from China, the new head of the Asian Development Bank will once again hail from Japan.
April 20, 2013
WASHINGTON--World Bank President Jim Yong Kim lauded Japan’s economic-stimulus measures that include drastic monetary-easing steps and fiscal expenditures, saying they will...
March 28, 2013
KUALA LUMPUR/JAKARTA--Indonesia is seeking European investors for $9 billion worth of water, road, air and seaport projects in what will be a litmus test of Southeast Asian...
February 16, 2013
MEXICO CITY--When Venezuela seized billions of dollars in assets from Exxon Mobil and other foreign companies, Chinese state banks and investors didn't blink. Over the past...
February 02, 2013
YANGON, Myanmar--Myanmar's reformist president said on Feb. 1 that his country's recent clearing of billions of dollars of foreign debt is its first step toward ending its...
January 28, 2013
Myanmar has cleared its arrears to the World Bank and Asian Development Bank and secured a huge debt write-off by creditor countries grouped in the Paris Club, clearing the way ...
October 13, 2012
World finance leaders expressed cautious optimism on Oct. 13 that Europe is making progress towards containing its debt crisis but said it was critical for all advanced...
October 12, 2012
Japan will contribute $12 million over a three-year period to a World Bank fund supporting economies affected by the Arab Spring uprisings, Finance Minister Koriki Jojima said...
October 12, 2012
Two Chinese state minister-level officials, Finance Minister Xie Xuren and People’s Bank of China Governor Zhou Xiaochuan, are not taking part in the annual meetings of the...
October 11, 2012
The IMF on Oct. 11 backed giving debt-burdened Greece and Spain more time to reduce their budget deficits, cautioning that cutting too far, too fast would do more harm than...
October 11, 2012
Annual meetings of the International Monetary Fund and the World Bank Group are being held in Japan for the first time in 48 years. Finance ministers and presidents of central...
October 09, 2012
The International Monetary Fund and the World Bank Group, two institutions underpinning the global financial order, opened their annual meetings in Tokyo on Oct. 9.
October 08, 2012
SINGAPORE--The World Bank cut its economic growth forecasts for the East Asia and Pacific region on Oct. 8 and said there was a risk the slowdown in China could worsen and last ...
October 02, 2012
The World Bank and the Asian Development Bank will consider extending loans to Myanmar, which have been suspended since the late 1980s.
September 14, 2012
Investment bonds that support environmental projects in World Bank member countries will go on sale this autumn in Japan, the bank and Daiwa Securities Group Inc. said.
August 01, 2012
YANGON -- The World Bank will provide a restructuring loan to help Myanmar clear $397 million in arrears by January, a senior official said on August 1, as the Washington-based ...
April 18, 2012
WASHINGTON--The International Monetary Fund on April 17 appeared to be inching toward a deal on boosting its financial firepower with Japan, Sweden and Denmark committing a...
April 17, 2012
WASHINGTON - The World Bank on April 16 chose Korean-born American health expert Jim Yong Kim as its new president, maintaining Washington's grip on the job and leaving...
March 27, 2012
BEIJING--Gone are the days when the United States could simply toss out any name for automatic appointment to the presidency of the World Bank.