The World Bank Group announced the appointment of Dennis McLaughlin as chief risk officer and vice president. McLaughlin currently serves as the interim chief risk officer of Fnality Services.

During a press conference at the IMF and World Bank Annual Meetings in Washington, D.C., Abebe Selassie, the IMF’s African Region Director, said the removal of fuel subsidy by the Nigerian ...

WASHINGTON, Oct 13 (Reuters) - The world's 26 poorest countries, home to 40% of the most poverty-stricken people, are more in debt than at any time since 2006 and increasingly vulnerable to ...

the World Bank announced in a new report published Sunday. Government debt in these countries, which are home to around 40 percent of the world’s population, now stands at an average of 72 ...

While a new Country Partnership Framework (CPF) is planned for FY25-29, the overarching strategy of the World Bank Group‘s current support activities in Angola focuses on pillars of the previous CPF, ...

WASHINGTON, Oct 25 (Reuters) - The World Bank will launch its first ever debt-for-development swap within weeks, its Vice President and Treasurer Jorge Familiar told Reuters, as the Washington ...

The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023. Photo: Reuters Close to 40 percent of World ...

With an annual per capita income of less than $1,145 (€1,050) a year, the World Bank said these countries "are poorer today on average than they were on the eve of COVID-19, even though the rest ...

The Grievance Redress Service (GRS) is an avenue for individuals and communities to submit complaints directly to the World Bank if they believe that a World Bank-supported project has or is likely to ...

As government officials gather in Washington DC next week for the International Monetary Fund (IMF) and World Bank Annual Meetings, social security systems around the world are at risk. Faced with ...

Released a week before World Bank and International Monetary Fund annual meetings get underway in Washington, the report confirms a major setback to efforts to eradicate extreme poverty and ...