The World Bank on Tuesday slashed its global growth forecast by nearly a third to 2.9% for 2022. In a news conference, World Bank President David Malpass said global growth could fall to 2.1% in 2022 and 1.5% in 2023, driving per capita …
World Bank President David Malpass suggested that the situation in Ukraine and its impact on food and energy prices, as well as the availability of fertilizer, could trigger a global recession. Malpass told an event hosted by the U.S. …
The World Bank said it had increased to $14 billion the amount of fast-track financing available to members to respond to the global coronavirus pandemic, adding $2 billion to an initial package announced on March 3. The change …
The World Bank is offering technical assistance to China to help battle the coronavirus epidemic but no new loans, the development lender’s president David Malpass said. He told Reuters the bank was working with …
