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World Bank Group

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Top World Bank Group Articles

Displaying items 78-88
  • SolarCity turns to small investors for cash infusion

    California solar panel installer SolarCity is turning to small investors to raise cash to expand its network of rooftop solar systems. The company, which installs solar panels on homes and businesses and government buildings, will allow individual...
  • Bill Gates predicts almost no poor countries left by 2035

    Billionaire and former tech mogul Bill Gates predicts that there will be almost no poor countries left in the world by 2035. Almost all nations will be either lower-middle income or wealthier, and most will have surpassed the 35 countries that are...
  • Janet Yellen, Stanley Fischer a Fed 'Dream Team,' Pimco's El-Erian says

    Janet Yellen, Stanley Fischer a Fed 'Dream Team,' Pimco's El-Erian says
    WASHINGTON -- The nomination of former Bank of Israel head Stanley Fischer to be Janet Yellen's lieutenant gives the Federal Reserve a "Dream Team" in the top two positions,  Pimco Chief Executive Mohamed El-Erian said Monday. Fischer was the "most...
  • Upset over U.S. fiscal crisis, China urges a 'de-Americanized world'

    WASHINGTON -- Upset that the fiscal stalemate in Washington is threatening the global economy, China called for the U.S. dollar to be replaced as the international reserve currency as well as for broader steps to create a "de-Americanized world."...
  • 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...
  • IMF official urges U.S. to get 'its act together' and raise debt limit

    IMF official urges U.S. to get 'its act together' and raise debt limit
    WASHINGTON -- The U.S. needs to get "its act together" and raise the debt limit before a default derails the nation's recovery and damages the world economy, a top International Monetary Fund official said Wednesday. Short-term interest rates have risen...
  • Federal Reserve nominee Stanley Fischer defends Citigroup tenure

    WASHINGTON -- Stanley Fischer, the former Bank of Israel president nominated for the Federal Reserve's No. 2 job, defended his work on Wall Street and told senators at his confirmation hearing Thursday that he understood the effect of economic problems on...
  • World Bank chief says Fed can reduce taper risk with communication

    World Bank chief says Fed can reduce taper risk with communication
    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...
  • Obama to nominate Stanley Fischer, 2 others to Federal Reserve seats

    Obama to nominate Stanley Fischer, 2 others to Federal Reserve seats
    WASHINGTON -- President Obama will nominate Stanley Fischer, the former head of the Bank of Israel, to be vice chair of the Federal Reserve, and also tapped two other people for seats on the central bank's Board of Governors, the White House said Friday....
  • In El Salvador presidential vote, leftist Sanchez Ceren ahead

    In El Salvador presidential vote, leftist Sanchez Ceren ahead
    MEXICO CITY — A former left-wing guerrilla leader held a wide lead in El Salvador's presidential race Sunday night, but it was unclear whether Salvador Sanchez Ceren could avoid a runoff. With 57% of the ballots tallied, Sanchez Ceren, the vice...
  • Even China has second thoughts on South Sudan after violence

    Even China has second thoughts on South Sudan after violence
    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...