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International Economic Institution

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  • India's battle against unneeded medical care finds World Bank support

    NEW DELHI (Reuters) - India needs to curtail excessive medical care that leads to patient overspending as more people get health insurance, the World Bank said on Thursday, adding voice to a growing chorus against overtreatment in the country.
  • Ukraine PM renews push for austerity measures

    KIEV (Reuters) - Ukrainian Prime Minister Arseny Yatseniuk on Monday called on lawmakers to pass budget amendments on a second attempt to secure financing for the military and maintain Kiev's bailout deals with the International Monetary Fund and the...

    World Bank review shows flaws in social, environment safeguards process

    WASHINGTON (Reuters) - The World Bank is considering putting governments in charge of policing its aid projects, a move watchdog groups worry could undermine social and environmental safeguards the lender currently has in place. The proposal, outlined in...

    The biggest challenge for BRICS success? Big brother China

    FORTALEZA Brazil (Reuters) - In two years of tough negotiations to create the new BRICS development bank, the main stumbling block was not a lack of resources or commitment, but fellow partner China. The Chinese initially wanted a bigger share of the...

    'BRICS' nations to form development bank to rival World Bank, IMF

    The so-called BRICS countries agreed to form an international development bank with aspirations to challenge the dominance of the World Bank and the International Monetary Fund. Leaders of Brazil, Russia, India, China and South Africa said Tuesday...