World Bank Chief Economist Justin Yifu Lin says China shouldn't be forced to let its currency appreciate as a way to rebalance the world economy, staking out a strong position that runs contrary to calls from policy makers in Europe, Japan and elsewhere.
The International Finance Corp, the private-sector lending arm of the World Bank, announced Saturday that it has signed a share subscription agreement with Deyang City Commercial Bank, a small lender based in Deyang in Southwest China's Sichuan Province.Pursuant to the agreement, IFC will invest RMB 211...
WASHINGTON,Sep 27 - World Bank President Robert Zoellick said the United States should not take the dollar's status...
HANOI, Aug 7 - The World Bank said on Friday it will lend Vietnam $350 million to prop up the budget this year as part of a poverty reduction credit scheme and to help Hanoi...
WASHINGTON, Aug 4 - The World Bank said on Tuesday it will buy 500,000 tons of carbon credits from a forest project replanting about 4,120 hectares destroyed by deforestation in the Democratic Republic of Congo....
SEOUL, June 22 - The World Bank warned on Monday prospects for the global economy remained "unusually uncertain" despite recent signs of improvement in parts of the world and cut its 2009 growth forecasts for...
* IMF and World Bank warn of risks to global recovery * Threat seen from toxic assets, inflation, protectionism * IMF sees return to growth in early 2010 * World Bank sees no need for...
* IMF and World Bank warn of risks to global recovery * Risks include toxic assets, inflation, social unrest * IMF sees return to growth in early 2010 * World Bank sees no need for...
WASHINGTON, June 4 - The World Bank on Thursday approved $900 million in loans to improve education in Pakistan's Punjab and Sindh provinces and support a poverty-fighting fund for local community groups. The World Bank...
WASHINGTON, June 2 - The World Bank on Tuesday approved an additional $500 million to expand an existing fund to help developing countries prevent and control outbreaks of influenza, including the new H1N1 virus. "The...