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World Bank President

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  • In Pics: All you need to know about Ajay Banga, the next World Bank president

    Banga, the first World Bank president from South Asia, takes over on June 2 from outgoing president David Malpass, who is stepping down early from a presidency clouded by questions over his climate stance.

  • US nominates former Mastercard CEO Ajay Banga for World Bank president

    With this, Banga becomes the first Indian-born nominee to the World Bank president role.

  • World Bank to loan Bangladesh $2 billion for climate fight

    Bangladesh has been one of the worst victims of global warming, with thousands of people being killed by cyclones in recent years that have become more frequent and deadlier.

  • World Bank's Jim Yong Kim launches bid for second term as prez

    Kim, a global public health expert and former Dartmouth College president, notified the board of his intention to continue in the bank's top job after his current term ends on June 30, 2017, the bank said.

  • World Bank sets $16 bn plan for climate fight in Africa

    The plan will be presented at COP21, the 12-day UN climate summit that opens Monday in Paris.

  • World Bank gives $5 bn to improve education in poor nations

    The bank said it would spend USD 5 billion by 2020 - double its spending of the previous five years - in an bid to reach more than 120 million children who are out of school and some 250 million more who cannot read or write despite attending school.

  • World Bank projects 6.4% economic growth in India for 2015

    Speaking at the Vibrant Gujarat summit here, he said the World Bank was committed to catalysing a vibrant India and there is much reason for optimism. "We project that India will be a bright spot in an otherwise medium global economic outlook.

  • Global economy still in danger zone: World Bank president

    While opening up the meetings, World Bank president Robert Zoellick and IMF managing director Christine Lagarde highlighted the fragile state of the world economy.

  • G20 must act to stabilise food prices: World Bank

    Free markets rather than protectionist policies are the solution to volatile food prices and the G20 should take steps to prioritise the provision of food for the poor, World Bank President Robert Zoellick said.

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