Development banking

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 13, 2019 - 11:44 pm
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 - 2:58 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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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 - 12:55 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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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 - 3:23 pm
CARACAS, Venezuela (AP) — The latest on Venezuela's political crisis (all times local): 5:15 p.m. The U.N. says Secretary-General Antonio Guterres believes "humanitarian aid should never be used as a political pawn." U.N. spokesman Stephane Dujarric told reporters Thursday that humanitarian...
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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 - 2:38 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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FILE - In this 2007 file photo, David Malpass, then the Chief Economist at Bear, Stearns & Co. Inc., speaks at the Council on Foreign Relations in New York. President Donald Trump plans to nominate Malpass, an administration critic of the World Bank, to be the institution’s next leader. (AP Photo/Mark Lennihan)
February 05, 2019 - 7:24 am
WASHINGTON (AP) — President Donald Trump plans to nominate David Malpass, a Trump administration critic of the World Bank, to lead the institution. That's according to a senior administration official who spoke on condition of anonymity because the official wasn't authorized to comment publicly on...
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Opposition leader Juan Guaido speaks to supporters at a public plaza in Caracas, Venezuela, Friday, Jan. 25, 2019. Guaido declared himself interim president on Wednesday. (AP Photo/Fernando Llano)
January 25, 2019 - 10:24 pm
CARACAS, Venezuela (AP) — The Latest on the political crisis in Venezuela (all times local): 12:10 a.m. The Inter-American Commission on Human Rights is granting precautionary measures to protect Venezuelan opposition leader Juan Guaido and his family. The human rights body of the Organization of...
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FILE- In this Jan. 18, 2019, file photo specialist Anthony Rinaldi, left, and trader Robert Gasparino work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Tuesday, Jan. 22. (AP Photo/Richard Drew, File)
January 22, 2019 - 3:44 pm
NEW YORK (AP) — Stocks fell sharply Tuesday following new signs the global economy is weakening and reports of difficulties in trade talks between the U.S. and China. That broke a four-day winning streak for U.S. indexes. Major global indexes traded lower after the International Monetary Fund...
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A man checks stock prices through his smartphone at a brokerage house in Beijing, Tuesday, Jan. 22, 2019. Asian markets were mostly lower on Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020. This came after China said its economy grew at the slowest pace in 30 years. (AP Photo/Andy Wong)
January 22, 2019 - 4:53 am
SINGAPORE (AP) — World markets retreated Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020. The downgrade came after China said its economy grew at the slowest pace in nearly 30 years in the last quarter of 2018. KEEPING SCORE: Germany's DAX gave up 0.2...
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FILE - In this Jan. 18, 2019, file photo, a woman reads a newspaper at a brokerage house in Beijing. Shares rose in Shanghai and Hong Kong on Monday, Jan. 21, 2019, as China reported that its growth fell to a three-decade low of 6.6 percent in 2018. The weaker data released Monday raised hopes for additional moves to shore up support for lagging business activity, though benchmarks fell back slightly from stronger gains just after markets opened. (AP Photo/Andy Wong, File)
January 21, 2019 - 9:47 pm
SINGAPORE (AP) — Asian markets were mostly lower on Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020. The downgrade came after China said its economy grew at the slowest pace in 30 years in the last quarter of 2018. Wall Street was closed for a holiday on...
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