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International Economic Institution

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  • '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.
  • World Bank cuts growth outlook as Ukraine crisis weighs

    The World Bank on Tuesday trimmed its global growth forecast, saying a confluence of events, from the Ukraine crisis to unusually cold weather in the United States, dampened economic expansion in the first half of the year. The poverty-fighting...

    Stock market declines after World Bank cuts economic outlook

    Stock prices slipped early Wednesday after the World Bank cut its global economic forecast, including reduced estimates for the United States and China. Investors also were assessing the surprise primary defeat of Rep. Eric Cantor (R-Va.), the House...

    Global economy at turning point as growth picks up, World Bank says

    Global economy at turning point as growth picks up, World Bank says
    WASHINGTON -- The global economy is at a turning point this year as it shows signs of strengthening, with the U.S. and other developed countries expected to see stronger growth, the World Bank said. "Most of the acceleration is expected to come from...

    Global economic growth is expected to speed up this year

    WASHINGTON — After a long and lumpy recovery, the world economy may finally be at a turning point with global growth expected to accelerate this year behind the rising strength of the U.S. and other major developed countries. But world finance...