| Dec 11, 2013
| 8:12 AM
WASHINGTON -- Clear communication from Federal Reserve officials could reduce the risk to developing economies when the central bank starts reducing a key stimulus program, the head of the World Bank said.
Developing nations saw their borrowing costs...
| Jan 15, 2014
| 5:50 AM
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...
| Nov 29, 2013
India is now the world's third-largest grain producer after China and the United States. The adoption of higher-yielding crop varieties and the spread of irrigation have led to this remarkable tripling of output since the early 1960s. Unfortunately, a...
| Feb 20, 2014
| 5:00 AM
JUBA, South Sudan — After South Sudan's optimistic 2011 vote for independence, the country's deadly December descent into ethnic fighting has tried the patience of Western donors, diplomats, humanitarian organizations and investors alike. But for...
| Dec 8, 2013
| 5:00 AM
By the time Nelson Mandela was released from prison in 1990, the path to ending South Africa's political crisis through the abolition of apartheid was known, even if it would not be easy or straight.
Solving the country's economic crisis was another...
| Jan 15, 2014
| 5:50 PM
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...
| Oct 8, 2013
| 10:50 AM
JERUSALEM-- Israeli restrictions in the West Bank cost the struggling Palestinian economy more than $3.4 billion a year, according to a report released by the World Bank on Tuesday.
More than half of West Bank lands are largely off-limits to...
| Jan 23, 2013
| 10:45 PM
A.W. "Tom" Clausen, a no-nonsense Midwesterner who led San Francisco-based Bank of America before and after serving as president of the World Bank, died Monday at a hospital in Burlingame, Calif. He was 89.
The cause was complications from pneumonia,...
| Jun 24, 2013
| 7:29 AM
WASHINGTON -- An independent World Bank review of its highly cited annual report on the ease of doing business around the globe has recommended that it stop ranking countries because the listings can be misinterpreted.
Instead, the Doing Business report...
| May 7, 2013
| 2:21 PM
SAO PAULO, Brazil--Roberto Azevedo of Brazil has been elected the first Latin American director-general of the World Trade Organization, the global body charged with moving forward stalled trade agreement talks.
The choice of Azevedo over close rival...
| Aug 31, 2012
| 2:33 PM
The cost of corn and soybeans soared to all-time heights in July, pushing global food prices upwards and pushing budgets to the breaking point in the Middle East and Africa, the World Bank has warned....