Tag: World Bank

• Thursday, September 15th 2011 - 07:13 UTC

  “Time for muddling through is over” Zoellick tells the US, EU and Japan

  

  The head of the World Bank said Wednesday the world had entered a new economic danger zone and that Europe, Japan and the United States all need to make hard decisions to avoid dragging down the global economy.

• Monday, September 5th 2011 - 01:18 UTC

  The big questions China still has to answer according to World Bank chief Zoellick

  

  The world’s economic leaders need to “rebalance” their thinking as well as their economies. Fiscal and monetary policies have dominated. That makes sense to a degree: decisions on deficits, debt and the Euro zone this autumn may well determine whether the global economy slides deeper into danger, or begins the long climb back.

• Wednesday, August 17th 2011 - 07:28 UTC

  World Bank calls on governments to work on long-term debt curbs

  

  The World Bank has called for national governments to seek long-term debt curbs to solve the current sovereign debt crises in Europe and the United States, but said it was too early for special action by the Group of 20 nations.

• Tuesday, August 16th 2011 - 05:52 UTC

  World Bank warns a ‘hard landing’ in China would have great impact in Latam

  

  The World Bank's chief economist for Latin America and the Caribbean said Monday that the bank is maintaining its 2011 outlook for the region's economic growth at about 4.5% despite concerns of a new global crisis.

• Tuesday, August 16th 2011 - 02:44 UTC

  Global food prices in July 33% higher than a year ago, says World Bank

  

  Global food prices are at high levels and when combined with continued volatility, put the poorest people in the developing world at continued risk, according to the World Bank Group’s Food Prices Watch released Monday.

• Monday, August 15th 2011 - 01:08 UTC

  Loss of confidence in economic leadership leaves world economy in “new danger zone”

  

  The loss of market confidence in economic leadership in key countries like the United States and Europe coupled with a fragile economic recovery have pushed markets into a new danger zone, something that policymakers have to take seriously, the head of the World Bank said on Sunday.

• Thursday, July 28th 2011 - 11:32 UTC

  Venezuela remains committed to compensate oil companies, says minister

  

  Venezuela said it remains committed to compensating Exxon-Mobil and Conoco-Phillips for nationalized oil assets, as long as the amount is reasonable and either settle by mutual agreement or set by the World Bank’s arbitration panel.

• Wednesday, July 20th 2011 - 06:54 UTC

  Zoellick calls for strong US leadership to revive moribund world trade talks

  

  US leadership could be the vital spark needed to revive moribund world trade talks, said World Bank President Robert Zoellick and criticized those who support a mini-trade deal or putting the Doha effort to sleep.

• Saturday, June 11th 2011 - 10:47 UTC

  Hillary Clinton denies pursuing the post of World Bank President

  

  US Secretary of State Hillary Clinton said she was not in discussions over the top job at the World Bank and that she was not pursing the post. Clinton is in Zambia as part of a five-day Africa trip that is being overshadowed by news that she had expressed interest in moving to head the World Bank.

• Tuesday, May 17th 2011 - 23:31 UTC

  US dollar status as world’s single reserve currency will end by 2025

  

  The United States dollar status as the world’s single reserve currency will end by 2025, according to a new report by the World Bank.