Topline World Bank President David Malpass announced Wednesday his plan to step down in June, nearly a year before the end of his five-year term, following a recent controversy over climate change com...
Tag: World Bank
World Bank Warns Of Global Recession Risk
Getty Images Key takeaways The World Bank issued a bleak global growth outlook this week, revising last June’s projections down from 3% to 1.7% A significantly downgraded U.S. outlook hit particularly...
How Does The U.S. Stack Up?
(Photo by Kevin Dietsch/Getty Images) Getty Images Key Takeaways The US inflation rate is currently at 7.7%, which remains high by historical standards. However, on a global scale it looks practically...
David Malpass’s Proper Admission That He’s Not a Scientist Isn’t Enough for the Science-Reverent
In 2008 Nigel Lawson published An Appeal To Reason: A Cool Look at Global Warming. The Tory radical who served as Margaret Thatcher’s Chancellor of the Exchequer was promptly attacked for having the t...
Haiti Riots Triggered By IMF Advice To Cut Fuel Subsidies
PORT AU PRINCE, HAITI – SEPTEMBER 13: Demonstrators set fire during a protest against the rising … [+] gasoline prices in Port-au-Prince, Haiti, September 13, 2022. (Photo by Georges Harry...
The Countries Most In Debt To China [Infographic]
Countries heavily in debt to China are mostly located in Africa, but can also be found in Central Asia, Southeast Asia and the Pacific, data from The World Bank shows. China is currently the preferred...
Major Socioeconomic Benefits of Connectivity Are Driving Demand for Off-Grid Power
Connected Society Innovation Fund for Rural Connectivity GSMA In the past few decades, mobile connectivity has significantly transformed global society and the global economy. However, according to GS...
Here’s how recessions became an inevitable part of American economy
The U.S. has experienced at least 30 recessions throughout history, dating back as early as 1857. Some economists argue that they may have become an inevitable part of the financial cycle that fluctua...