World Bank | AP News

WASHINGTON (AP) — Andre Blount has been serving food to dignitaries at World Bank headquarters for nearly 10 years but his pay still isn’t much above minimum wage.

Slow start on World Bank reform angers climate-hit countries

By ELLEN KNICKMEYERApril 17, 2023 GMT

WASHINGTON (AP) — The World Bank meetings were supposed to be a first step in a new era of affordable loans for developing nations hard hit by climate change like Prime Minister Mia Mottley’s Barbados, one of many Caribbean islands battered by worsening hurricanes.

Triple-A International League Glance

April 16, 2023 GMT

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Triple-A International League Glance

April 16, 2023 GMT

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Triple-A International League Glance

April 15, 2023 GMT

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Triple-A International League Glance

April 14, 2023 GMT

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Triple-A International League Glance

April 14, 2023 GMT

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

By SIBI ARASUApril 13, 2023 GMT

BENGALURU, India (AP) — 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.

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April 6, 2023 GMT

Triple-A International League Glance

April 5, 2023 GMT

Biden pick Ajay Banga cleared to take top job at World Bank

The Associated PressMarch 30, 2023 GMT

WASHINGTON (AP) — The Biden administration's choice to run the World Bank — former Mastercard CEO Ajay Banga — appears to have a lock on the job.

The World Bank said Thursday that Banga was the only candidate nominated in a search that began more than a month ago.

World Bank puts cost of rebuilding Ukraine at $411 billion

By ELLEN KNICKMEYERMarch 22, 2023 GMT

WASHINGTON (AP) — A World Bank report released Wednesday puts the cost of Ukraine's recovery and rebuilding from Russia's invasion at $411 billion over the next decade, with the cost of cleaning up the war rubble alone at $5 billion.

World Bank approves $7 billion loan to support Egypt reforms

March 22, 2023 GMT

CAIRO (AP) — The World Bank said Wednesday it approved a $7 billion loan to support Egypt’s push to empower the private sector and enhance its efforts to combat the impacts of climate change.

The loan, approved Tuesday by the World Bank’s board of executive directors, is separate from a bailout loan from the International Monetary Fund, which Egypt secured in December.

World Bank: Quake caused damage worth $5.1 billion in Syria

March 3, 2023 GMT

BEIRUT (AP) — The World Bank said Friday that Syria sustained an estimated $5.1 billion in damages in last month's massive earthquake that struck southeast Turkey and northern parts of the war-torn country.

US nominates Ajay Banga for World Bank president

By FATIMA HUSSEIN and PAUL WISEMANFebruary 23, 2023 GMT

WASHINGTON (AP) — 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.

Climate advocates urge World Bank overhaul as leader exits

By ELLEN KNICKMEYERFebruary 16, 2023 GMT

WASHINGTON (AP) —

Leading climate figures are urging the Biden administration to use the early departure of the Trump-appointed head of the World Bank as an opening to overhaul the powerful financial institution, which has been increasingly criticized as hostile to less-wealthy nations and efforts to address climate change.

Trump pick Malpass stepping down as head of the World Bank

February 15, 2023 GMT

WASHINGTON (AP) — David Malpass is stepping down as president of the World Bank, nearly four years after former President Donald Trump nominated him to run the 189-nation agency.

The anti-poverty lender said Wednesday that Malpass would be leaving by June 30.