Development banking

FILE - In this April 18, 2018, file photo the World Bank CEO Kristalina Georgieva speaks during the forum Frontiers in Anticorruption at the World Bank/IMF annual spring meeting in Washington. Georgieva, the new head of the 189-nation International Monetary Fund, says the world economy is in the grips of a “synchronized global slowdown” that will result in slower growth for 90% of the world this year. (AP Photo/Jose Luis Magana, File)
October 08, 2019 - 10:28 am
WASHINGTON (AP) — The new head of the 189-nation International Monetary Fund warned Tuesday that the world economy is in the grips of a "synchronized global slowdown" that will result in slower growth for 90% of the world this year. IMF Managing Director Kristalina Georgieva said that an updated...
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September 25, 2019 - 1:13 pm
WASHINGTON (AP) — A Bulgarian economist who grew up when her country was a communist nation has been selected to be the next leader of one of capitalism's premier institutions, the 189-nation International Monetary Fund. Kristalina Georgieva, a top official at the World Bank, was chosen by the IMF'...
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FILE - In this Jan. 12, 2018, file photo, Asian Development Bank (ADB) President Takehiko Nakao gestures during a forum with foreign correspondents at the bank's headquarters in Manila, Philippines. The regional lender announced Nakao’s plan to resign on Tuesday, Sept. 17, 2019. Japanese officials have usually headed the ADB, and Finance Minister Taro Aso said Tokyo would nominate a “high-caliber candidate” as Nakao’s successor. (AP Photo/Bullit Marquez, File)
September 17, 2019 - 7:03 am
TOKYO (AP) — The president of the Asia Development Bank, Takehiko Nakao, plans to step down early next year, the regional lender said Tuesday. Japan has usually headed the ADB as a top donor. Finance Minister Taro Aso said in a statement that Tokyo would soon nominate a "high-caliber candidate" as...
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FILE - In a Wednesday, March 7, 2018 file photo, World Bank Chief Executive Officer Kristalina Georgieva speaks during a panel at the European headquarters of the United Nations in Geneva, Switzerland. Georgieva is in line to become the next head of the International Monetary Fund after the organization said Monday, September 9, 2019 Kristalina Georgieva is the one nominated for the job.(Salvatore Di Nolfi/Keystone via AP, File)
September 09, 2019 - 1:58 pm
WASHINGTON (AP) — A top World Bank official from Europe is in line to head the International Monetary Fund with the organization saying that there is only one person nominated for the job. Nominations are no longer being accepted, the IMF said Monday, and the group's executive board will conduct...
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August 09, 2019 - 5:43 pm
WASHINGTON (AP) — The International Monetary Fund sees little evidence that China's central bank has deliberately reduced the value of the nation's currency — a position at odds with the Trump administration's decision this week to accuse Beijing of manipulating the yuan. The IMF said Friday in its...
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FILE - In this April 18, 2018, file photo, the World Bank CEO Kristalina Georgieva speaks at the World Bank/IMF annual spring meeting in Washington. European governments have decided to put forward Georgieva from Bulgaria as their candidate to replace Christine Lagarde as head of the Washington-based International Monetary Fund. (AP Photo/Jose Luis Magana)
August 02, 2019 - 6:48 pm
FRANKFURT, Germany (AP) — European governments have decided to put forward World Bank official Kristalina Georgieva from Bulgaria as their candidate to replace Christine Lagarde as head of the Washington-based International Monetary Fund. Georgieva prevailed in a vote Friday among EU governments...
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July 10, 2019 - 8:20 am
BERLIN (AP) — The German government says it hasn't decided who it wants to succeed Christine Lagarde as the next head of the International Monetary Fund. Government spokeswoman Ulrike Demmer told reporters in Berlin on Wednesday that Germany "would wish for a qualified European candidate." She...
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In this June 12, 2019, photo, a man walks past an entrance to the International Finance Corporation, a unit of the World Bank Group, in Washington. The unit of the World Bank has been dragged onto the edges of Latin America’s biggest corruption scandal involving a highway connecting the Colombian capital to busy Caribbean ports. (AP Photo/Patrick Semansky)
July 02, 2019 - 12:05 am
BOGOTA, Colombia (AP) — A unit of the World Bank has been dragged into the edges of Latin America's biggest corruption scandal. The scandal involves a 1,000-kilometer (620-mile) highway across mountainous terrain connecting the Colombian capital to busy Caribbean ports. An investment officer for...
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May 12, 2019 - 3:37 pm
ISLAMABAD (AP) — The International Monetary Fund said Sunday it reached a preliminary agreement with Pakistan for a $6 billion bailout over the next three years to finance sweeping economic reforms. Pakistan and the international lender reached a "staff level agreement" subject to approval by the...
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FILE - In this Nov. 13, 2018 file photo, Jihad Azour, the International Monetary Fund's Mideast and Central Asia department director, gives a press conference in Dubai, United Arab Emirates. In a new outlook report issued Monday, April 29, 2019, the IMF said that political uncertainty and volatile oil prices are weighing heavily on economic growth in the Middle East this year. A closer look, however, shows sharp variations from country to country. (AP Photo/Kamran Jebreili, File)
April 29, 2019 - 2:02 am
DUBAI, United Arab Emirates (AP) — Political uncertainty and volatile oil prices are weighing heavily on economic growth in the Middle East this year, according to a new report released Monday by the International Monetary Fund. The report, which looks at the economies of 23 countries spanning...
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