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World Bank

Under-reported: Man-Bites-Dog Story of Global Poverty

David Tereshchuk | Posted 05.21.2012 | Media
David Tereshchuk

There is some really good international news that's evading our close attention, even though Goldman's top Asset Management executive, Jim O'Neill, has been eager this week to tell anyone who will listen.

How Developing Nations Are Challenging The U.S.

Reuters | Posted 05.20.2012 | Business

(Adds details) By Lesley Wroughton WASHINGTON, March 20 (Reuters) - Nigerian Finance Minister Ngozi Okonjo-Iweala and f...

The Summers of Our Discontent

Robert Weissman | Posted 05.20.2012 | Politics
Robert Weissman

It's hard to imagine the Obama administration is on the verge of making a similarly outrageous pick to head the Bank, but that seems to be the case. What's the matter with Larry?

With Larry Summers' World Bank Bid in Trouble, Mexico Insists on Open Process

Robert Naiman | Posted 05.19.2012 | World
Robert Naiman

President Obama should ask Geithner for a completely new short list, one with three real candidates who all want the job, and all of whom can pass muster with the member countries of the World Bank.

Israel: Palestinian Economy Not Ready For Statehhood

AP | Posted 03.18.2012 | World

JERUSALEM -- An Israeli government report says the Palestinian Authority is not economically stable enough for statehood. The report is set to be pre...

Jeff Sachs Shaking Up The World Bank Already

Mark Gongloff | Posted 05.16.2012 | Business
Mark Gongloff

Jeffrey Sachs would like to be your World Bank president. It's probably not going to happen, for better or worse. But simply by asking for the job, Sachs has already done the World Bank a service.

Brazil Could Have an Impact by Supporting Sachs' Reform Candidacy for the World Bank Presidency

Mark Weisbrot | Posted 05.15.2012 | Politics
Mark Weisbrot

Poor countries such as Kenya and East Timor have risked punishment from Washington by nominating Sachs; Brazil is much less vulnerable and will have much more impact if it supports the first independent, qualified candidate for the job.

Euro Area Sovereign Debt Crisis: Putting the House in Order

Otaviano Canuto | Posted 05.15.2012 | World
Otaviano Canuto

Restoring competitiveness and a sustainable fiscal position in countries like Greece will require governments to undertake sustained and deep structural reforms for years to come.

Choosing the Next President of the World Bank

Patrick Sharma | Posted 05.14.2012 | Business
Patrick Sharma

Robert Zoellick's recent announcement that he will step down as president of the World Bank in June has cast new light on an old problem: who should lead the Bank and how should he or she be chosen?

World Bank: Drastic Reformer Needed to Right a Failing Agenda

Matthew Kavanagh | Posted 05.12.2012 | Politics
Matthew Kavanagh

Whomever is going to run the World Bank next should pledge some dramatic changes -- changes that might actually bring the Bank in line with its proclaimed mission of ending global poverty.

International Women's Day: A Time for Concern, Not Complacency

Otaviano Canuto | Posted 05.08.2012 | Women
Otaviano Canuto

There are another 364 days of the year where mem and women have to take action. This is not the time to be complacent; this is a time for us all to be concerned.

Conyers Urges Obama to Nominate Jeff Sachs to Lead the World Bank

Robert Naiman | Posted 05.07.2012 | World
Robert Naiman

Sachs' public and worldwide campaign to lead the World Bank is unprecedented, but is entirely appropriate to our time.

Why the World Bank Needs Jeff Sachs at the Helm

Michael Shank, Ph.D. | Posted 05.02.2012 | World
Michael Shank, Ph.D.

Given the World Bank's focus on poverty, economics and climate, and given Sachs' wealth of experience in all three, there is no better candidate.

Next World Bank President: Two Non-U.S. Candidates for the Short List

Nancy Birdsall | Posted 05.01.2012 | World
Nancy Birdsall

It is high time that the Bretton Woods institutions adapted to changing global realities. The next World Bank president will need the legitimacy and wide support that only an open and merit-based selection process can ensure.

A State of Hope in a State of Uncertainty

Otaviano Canuto | Posted 04.30.2012 | World
Otaviano Canuto

In a world in economic turmoil, calls for greater fiscal austerity, leaner social entitlements, and smaller government expenditures are seemingly ubiq...

World Bank: Extreme Poverty Reduced By Half

Reuters | Posted 04.30.2012 | World

By Lesley Wroughton WASHINGTON, Feb 29 (Reuters) - The World Bank said on Wednesday developing countries appear to have already met a ...

World Bank Presidency Can't Be a Done Deal

Paul O'Brien | Posted 04.29.2012 | Impact
Paul O'Brien

The second wave of global economic crisis is going to start hitting poor countries very hard, very soon. The World Bank needs to be fit for purpose and geared to respond with credible, legitimate leadership in place.

The Lingering Global Crisis and the New Poor

Marcelo Giugale | Posted 04.29.2012 | World
Marcelo Giugale

The lingering global crisis is forcing us to rethink the objectives and the tools of social policy. Past meltdowns in Asia, Eastern Europe and Latin-America provide us with some good hints on what to expect and how to respond.

The Latest Reason Larry Summers Is Unpopular

The Huffington Post | Alexander Eichler | Posted 02.24.2012 | Business

Larry Summers is in the running to head the World Bank. But according to tens of thousands of people that recently signed a petition, he's not the man...

Capital Account Liberalization: Are There Lessons to be Learned?

Otaviano Canuto | Posted 04.16.2012 | World
Otaviano Canuto

As developing countries continue to expand their global economic weight and their currencies start being used intensively abroad, the issue of capital account liberalization will come to the fore.

World Bank Leader: Peace Out

AP | HARRY DUNPHY | Posted 04.16.2012 | Business

WASHINGTON — World Bank President Robert Zoellick said Wednesday he is stepping down, raising the possibility that a non-American might be chose...

IMF Predicts European Recession, Slow U.S. Growth

AP | CHRISTOPHER S. RUGABER | Posted 03.25.2012 | Business

WASHINGTON — Global leaders are sharply at odds over how to rescue Europe from its escalating debt crisis: Should they focus more urgently on ec...

Jason Linkins

Surely President Obama Is Joking About This Whole 'Let's Have Larry Summers Run The World Bank' Thing! | Jason Linkins | Posted 01.18.2012 | Politics

The hot scoop of the day, where emeritus members of the Committee To Save The World are concerned, is that President Barack Obama is mulling naming fo...

Obama Considering Larry Summers For World Bank Chief

The Huffington Post | Jillian Berman | Posted 06.04.2012 | Business

President Barack Obama is considering naming Larry Summers, his former top economic advisor, as head of the World Bank, Bloomberg reports, citing "two...

IMF Call For More Contributions Lifts Global Markets

AP | PAMELA SAMPSON | Posted 03.19.2012 | Business

BANGKOK — Asian stock markets rose Thursday as investors grew more comfortable with risk assets after surprisingly strong U.S. housing figures h...