| 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...
| Jan 23, 2013
| 6:15 PM
A division of the World Bank Group announced Wednesday that it has invested $150 million in Laureate Education Inc., giving the international development organization a small stake in the Baltimore-based global higher education company.
| 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,...
| 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...
| Dec 6, 2013
| 10:53 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...
| 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...
| 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...
| 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...
| Oct 24, 2013
| 8:51 PM
Augusto Odone was a charismatic Italian economist whose job with the World Bank afforded a cosmopolitan lifestyle. But the important work he performed for impoverished countries paled by comparison to the job that began to consume him in 1984: saving...
| Jul 27, 2013
| 11:11 AM
Susa Kessler, a retired World Bank analyst who had fled Nazi Germany as a child, died of breast cancer complications Tuesday at Gilchrist Hospice Care. The Canton resident was 88.
Born in Stuttgart, Germany, she was the daughter of Dr. Caesar Hirsch,...
| Mar 16, 2011
| 1:57 PM
Authorities battling the nuclear disaster at the Fukushima Daiichi power plant have doubled the number of workers on the site to 100 in an effort to continue cooling the three reactors and the spent fuel pools but have abandoned — at least...