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BEIJING (Reuters) - The World Bank cut its economic growth forecast for China this year to 8.2 percent on Wednesday and urged the country to rely on easier fiscal policy that boosts consumption rather than state investment to lift activity.
May 23, 2012 at 03:49 | Source: Reuters India
NEW YORK (CNNMoney) -- The World Bank said a slowdown in China will drag on growth in the entire East Asia-Pacific region. The bank, an international organization that helps to fund projects in the developing world, said in a report released ...
May 23, 2012 at 12:10 | Source: CNN Money
Some projects are so destructive that no reputable actors want to get involved with them. Think of the oil wells in Sudan's conflict zones, China's Three Gorges Dam, and the gas pipelines in Burma. If the price is right, however, some will still be tempted ...
May 24, 2012 at 15:36 | Source: Huffington Post
The World Bank said policy makers in Asia’s emerging economies must guard against inflation risks and be prepared to reverse policy easing, even as slowing growth in China and Europe’s sovereign-debt turmoil hurt exports. Growth in ...
May 23, 2012 at 03:41 | Source: Businessweek
PRESIDENT Robert Mugabe on Thursday lashed out at the "selfish" West for denying Nigerian finance minister Ngozi Okonjo-Iweala the opportunity to head the World Bank. Okonjo-Iweala, a respected economist, last month lost the World Bank president post to ...
May 25, 2012 at 06:59 | Source: New Zimbabwe.com
BAQOUBA, Iraq — Outside the crumbling elementary school, goats feed on trash strewn across the front yard. Inside, the ceiling is rotting, toilets don’t work and students scrunch hip-to-hip behind narrow desks. Millions of dollars in international aid ...
May 27, 2012 at 17:41 | Source: Washington Post
China's economic growth will continue to ease this year, presenting policy makers in Beijing with the challenge of preventing an excessively abrupt slowdown, the World Bank said in a report Wednesday. As key overseas markets weaken, China will need to ...
May 23, 2012 at 06:48 | Source: YAHOO!
World Bank Managing Director Sri Mulyani Indrawati talks about the impact of Europe's sovereign-debt crisis on the economies in the Association of Southeast Asian Nations and the outlook for the Chinese economy. She spoke yesterday in Tokyo with ...
May 25, 2012 at 04:43 | Source: Businessweek
Announces $3m in support from Japan to help countries around the world put it into action  GABORONE, BOTSWANA, May 25, 2012 – The World Bank’s Vice President for Sustainable Development, Rachel Kyte, today welcomed the strong endorsement from ten ...
May 25, 2012 at 16:11 | Source: World Bank Group
SANAA, Yemen, May 24 (UPI) -- The World Bank has reached agreement with Yemen to fund the Labor Intensive Public Works Project, officials said. The $61 million grant was signed Wednesday by Inger Andersen, World Bank vice president for the ...
May 23, 2012 at 23:58 | Source: United Press International