Development banking

May 12, 2019 - 3:37 pm
ISLAMABAD (AP) — The International Monetary Fund said Sunday it reached a preliminary agreement with Pakistan for a $6 billion bailout over the next three years to finance sweeping economic reforms. Pakistan and the international lender reached a "staff level agreement" subject to approval by the...
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FILE - In this Nov. 13, 2018 file photo, Jihad Azour, the International Monetary Fund's Mideast and Central Asia department director, gives a press conference in Dubai, United Arab Emirates. In a new outlook report issued Monday, April 29, 2019, the IMF said that political uncertainty and volatile oil prices are weighing heavily on economic growth in the Middle East this year. A closer look, however, shows sharp variations from country to country. (AP Photo/Kamran Jebreili, File)
April 29, 2019 - 1:39 am
DUBAI, United Arab Emirates (AP) — The International Monetary Fund says political uncertainty and volatile oil prices are weighing heavily on economic growth in the Middle East this year. A new outlook report issued on Monday said that overall regional growth is expected to slowdown from close to 2...
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International Monetary Fund (IMF) Managing Director Christine Lagarde speaks with Treasury Secretary Steven Mnuchin during the International Monetary Fund IMF Governors group photo at the World Bank/IMF Spring Meetings in Washington, Saturday, April 13, 2019. (AP Photo/Jose Luis Magana)
April 14, 2019 - 12:44 am
WASHINGTON (AP) — Global finance officials are pledging closer cooperation in efforts to lift the world economy out of its current slowdown, but tensions persist between the United States and other nations over trade and other issues. Officials wrapped up the spring meetings of the 189-nation...
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Japan's Finance Minister Taro Aso, speaks during a G20 news conference, at the World Bank/IMF Spring Meetings in Washington, Friday, April 12, 2019. (AP Photo/Jose Luis Magana)
April 12, 2019 - 3:58 pm
WASHINGTON (AP) — Finance officials from the world's major powers acknowledged Friday that the global economy is in a slowdown, but they forecast that growth will pick up by the second half of this year, thanks to interest-rate policies from the Federal Reserve and other central banks. Officials of...
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Chief Economist and Director of Research Department at the IMF, Gita Gopinath, speaks during a news conference at the World Bank/IMF Spring Meetings, in Washington, Tuesday, April 9, 2019. (AP Photo/Jose Luis Magana)
April 09, 2019 - 11:17 am
WASHINGTON (AP) — The International Monetary Fund on Tuesday downgraded its outlook for growth in the United States, Europe, Japan and the overall global economy and pointed to heightened trade tensions as a key reason. The IMF expects the world economy to grow 3.3% this year, down from 3.6% in...
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FILE- In this Feb. 6, 2019, file photo David Malpass, undersecretary for international affairs at the Treasury Department, listens to Trish Regan during "Trish Regan Primetime" on Fox Business in Washington. Malpass, the Treasury official nominated by President Donald Trump to head the 189-nation World Bank, has won election to the post. The World Bank says Malpass was approved unanimously by the bank’s 25-member executive board on Friday, April 5. (AP Photo/Sait Serkan Gurbuz, File)
April 05, 2019 - 1:55 pm
WASHINGTON (AP) — David Malpass, the Treasury official nominated by President Donald Trump to head the 189-nation World Bank, was elected to the job on Friday. Malpass was approved unanimously by the bank's 25-member executive board on Friday. He will begin a five-year term next Tuesday succeeding...
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FILE- In this Feb. 6, 2019, file photo David Malpass, undersecretary for international affairs at the Treasury Department, listens to Trish Regan during "Trish Regan Primetime" on Fox Business in Washington. The Treasury official nominated by President Donald Trump to be the next president of the World Bank has cleared a major hurdle, with nominations for the position closing with no other candidates emerging. The World Bank says Malpass was the only candidate put forward by the bank's 189 member countries. (AP Photo/Sait Serkan Gurbuz, File)
March 14, 2019 - 3:11 pm
WASHINGTON (AP) — The Treasury official nominated by President Donald Trump to be the next president of the World Bank has cleared a major hurdle, with nominations for the position closing with no other candidates emerging. The World Bank said Thursday that David Malpass was the only candidate put...
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People wait for public transportation amid the country’s worst-ever power outage, in Caracas, Venezuela, Friday, March 8, 2019. Much of Venezuela was still without electricity Friday amid the country's worst-ever power outage, raising tensions in a country already on edge from ongoing political turmoil.(AP Photo/Eduardo Verdugo)
March 08, 2019 - 4:29 pm
CARACAS, Venezuela (AP) — The Latest on the political crisis in Venezuela (all times local): 5:15 p.m. An international arbitration tribunal is ruling that Venezuela must pay ConocoPhillips more than $8 billion as compensation for the government's expropriation of the U.S. oil giant's investments...
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High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini arrives for the the inaugural meeting of the International Contact Group on Venezuela, in Montevideo, Uruguay, Thursday, Feb. 7, 2019. (AP Photo/Matilde Campodonico)
February 07, 2019 - 11:57 am
CARACAS, Venezuela (AP) — The latest on Venezuela's political crisis (all times local): 12:55 p.m. A spokesman for the International Monetary Fund says the executive board of the body will delay a planned meeting to determine whether Venezuela has met its obligation to share periodic information...
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President Donald Trump congratulates David Malpass, under secretary of the Treasury for international affairs, after announcing his nomination to head the World Bank, during an event in the Rosevelt Room of the White House, Wednesday, Feb. 6, 2019, in Washington. (AP Photo/ Evan Vucci)
February 06, 2019 - 9:29 pm
WASHINGTON (AP) — President Donald Trump on Wednesday introduced David Malpass, a Treasury official he has nominated to lead the World Bank, as the "right person to take on this incredibly important job." Malpass, who is now Trump's undersecretary for international affairs at the Treasury...
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