Tag: Jim Yong Kim

• Friday, April 5th 2019 - 17:45 UTC

  US Treasury official David Malpass elected as World Bank’s president

  

  David Malpass has been chosen as the president of the World Bank Group (WBG) on Friday after being unanimously elected by the executive board of the organization with no other candidates.

• Tuesday, January 8th 2019 - 08:37 UTC

  World Bank President steps down; possible differences with Trump's policies

  

  World Bank President, Jim Yong Kim has made the surprise announcement that he is stepping down after six years in the post. His resignation will take effect from 1 February. Mr Kim, 59, was not due to leave until 2022, after he was re-elected for a second five-year term in 2017.

• Thursday, October 11th 2018 - 08:31 UTC

  World Bank unveils “Human Capital Index”: Singapore, South Korea, Japan and Hong Kong top of the list

  

  The World Bank Group unveiled a new system on Thursday to rank countries based on their success in developing human capital, an effort to prod governments to invest more effectively in education and healthcare.

• Wednesday, January 10th 2018 - 09:57 UTC

  Great recession almost over, “but no time for complacency”, warns World Bank

  

  The World Bank forecasts global economic growth to edge up to 3.1% in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing, and trade continues, and as commodity-exporting developing economies benefit from firming commodity prices.

• Wednesday, October 11th 2017 - 14:27 UTC

  World Bank admits millions of jobs will be automated and urges investments in “human capital”

  

  The world is on a “crash course” as people's hopes collide with a future in which millions of jobs are automated, the World Bank chief has said. Jim Yong Kim said policymakers should take action by investing in education and health. The World Bank president spoke in New York ahead of the group's annual meeting in Washington DC this week.

• Thursday, October 9th 2014 - 06:51 UTC

  World Bank staff strike off; chief financial officer declines part of annual bonus

  

  The World Bank chief financial officer is giving up part of his bonus after an uproar over cost-cutting measures at the lender. Bertrand Badre will decline the remainder of his 94,000 dollar annual bonus, the bank said.

• Saturday, September 20th 2014 - 08:33 UTC

  World bank describes global growth this year as 'disappointing'

  

  Global growth had been “disappointing” this year, according to World Bank president Dr Jim Yong Kim, who counted Europe's woes, reforms in Japan, and the impact of US monetary policy on emerging markets, among the world's greatest economic challenges.

• Tuesday, August 5th 2014 - 06:58 UTC

  World Bank pledges 200 million dollars to combat the West Africa Ebola epidemic

  

  With the latest death toll from the West Africa Ebola epidemic now at 887, the World Bank Group pledged on Monday as much as 200 million dollars in emergency funding to help Guinea, Liberia, and Sierra Leone contain the spread of Ebola infections, help their communities cope with the economic impact of the crisis, and improve public health systems throughout West Africa.

• Wednesday, April 2nd 2014 - 08:29 UTC

  World Bank will increase lending capacity by 100bn to 300bn in the next ten years

  

  The World Bank announced on Tuesday a series of measures to strengthen the bank resources including a 100 billion dollars increase in the lending capacity for middle-income countries over the next decade, new innovations in financial management, and a boost in the institution’s ability to provide private sector support.

• Monday, October 14th 2013 - 05:31 UTC

  IMF warns US default means massive disruption and world recession

  

  The head of the International Monetary Fund, Christine Lagarde, has warned that a US default could tip the world into recession. In a US TV interview she said a default would result in “massive disruption the world over”.