| 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...
| 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...
| Mar 21, 2011
| 10:27 AM
The World Bank on Monday issued a report saying the damage from Japan's earthquake and tsunami could amount to as much as $235 billion and that limited effects from the disaster will be felt in economies across East Asia.
Rebuilding in the aftermath of...
| Jun 9, 2011
| 3:56 PM
A spokesman for Hillary Clinton swiftly and emphatically denied a report Thursday that the secretary of state was considering stepping down to seek the World Bank presidency in 2012.
Reuters cited three unnamed sources in its report that Clinton was open...