Development banking

November 13, 2018 - 12:18 am
DUBAI, United Arab Emirates (AP) — Higher oil prices are helping to offset increases in public spending by the Middle East's oil exporting heavyweights like Saudi Arabia, with these countries narrowing their budget deficit by $77 billion, the International Monetary Fund said on Tuesday. The...
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Pakistani Prime Minister Imran Khan, speaks in front of a screen displaying his national flag during the opening of the Future Investment Initiative conference, in Riyadh, Saudi Arabia, Tuesday, Oct. 23, 2018. A high-profile economic forum in Saudi Arabia has begun in Riyadh, the kingdom's first major event on the world stage since the killing of writer Jamal Khashoggi at the Saudi Consulate in Istanbul earlier this month. (AP Photo/Amr Nabil)
October 24, 2018 - 6:26 am
ISLAMABAD (AP) — Pakistan has negotiated a $6 billion assistance package of loans and deferred payments from Saudi Arabia in hopes of resuscitating its flagging economy, struggling under the weight of a whopping $18 billion deficit. Analysts say the Saudi infusion will allow Islamabad to breathe a...
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FILE- In this June 2, 2018 file photo, U.S. Treasury Secretary Steven Mnuchin speaks at a news conference during a meeting for the G7 Finance and Central Bank Governors in Whistler, British Columbia. Mnuchin says President Donald Trump respects the independence of the Federal Reserve and his recent comments were simply a reflection of the fact that he favors low interest rates. In a CNBC interview, Mnuchin said that Trump understands that the Fed is doing its job. Trump this week has blamed the market's big sell-off on the Fed's interest rate increases, saying "the Fed is out of control." (Jonathan Hayward/The Canadian Press via AP, File)
October 13, 2018 - 3:54 am
NUSA DUA, Indonesia (AP) — Global financial leaders wrapped up an annual meeting of the International Monetary Fund and World Bank on Saturday by urging countries to brace for potential risks from trade disputes and other tensions. The meetings in Bali, Indonesia, this week were overshadowed by a...
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From left to right, Managing Director of International Monetary Fund (IMF) Christine Lagarde, Finland's Finance Minister Petteri Orpo, and Indonesia's Finance Minister Sri Mulyani Indrawati pose for a group photo during the IMF and World Bank meetings in Bali, Indonesia on Saturday, Oct. 13, 2018. (AP Photo/Firdia Lisnawati)
October 13, 2018 - 2:54 am
NUSA DUA, Indonesia (AP) — The Latest on the annual meeting of the International Monetary Fund and World Bank in Bali, Indonesia (all times local): 3:55 p.m. The managing director of the International Monetary Fund, Christine Lagarde, has said she still intends to attend an investment conference in...
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Managing Director of International Monetary Fund (IMF) Christine Lagarde talks during a press conference ahead of the annual meetings of the IMF and World Bank in Bali, Indonesia on Thursday, Oct. 11, 2018. (AP Photo/Firdia Lisnawati)
October 11, 2018 - 6:14 am
NUSA DUA, Indonesia (AP) — The heads of the World Bank and IMF appealed Thursday to the U.S. and China to cool their dispute over technology policy and play by world trade rules, as tumbling share prices drove home potential perils from a clash between the world's two biggest economies. World...
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Managing Director of International Monetary Fund (IMF) Christine Lagarde talks during a press conference ahead of the annual meetings of the IMF and World Bank in Bali, Indonesia on Thursday, Oct. 11, 2018. (AP Photo/Firdia Lisnawati)
October 11, 2018 - 3:37 am
NUSA DUA, Indonesia (AP) — The Latest on the IMF-World Bank annual meeting (all times local): 4:30 p.m. About a dozen activists have staged a brief, peaceful protest at the annual meeting of the World Bank and the International Monetary Fund in Bali, Indonesia. Representatives of various rights...
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Rescue workers rest during a search for victims of Sept. 28 earthquake at Balaroa neighborhood in Palu, Central Sulawesi, Indonesia, Wednesday, Oct. 10, 2018. Indonesia's disaster agency said Wednesday that it only needs tents, water treatment units, generators and transport from other countries as it responds to the Sulawesi earthquake and tsunami that killed more than 2,000 people. (AP Photo/Dita Alangkara)
October 11, 2018 - 12:55 am
PALU, Indonesia (AP) — An earthquake collapsed homes on Indonesia's Java island, killing at least three people, and shook the tourist hotspot of Bali on Thursday, two weeks after a major quake-tsunami disaster in a central region of the archipelago. Indonesia's disaster agency said the nighttime...
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An investor walks in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Tuesday, Oct. 9, 2018. Asian markets are mixed after the IMF downgraded its economic outlook, citing rising interest rates and mounting tensions over trade. (AP Photo/Yam G-Jun)
October 08, 2018 - 10:48 pm
SINGAPORE (AP) — Asian markets are mixed after the IMF downgraded its economic outlook, citing rising interest rates and mounting tensions over trade. KEEPING SCORE: Japan's benchmark Nikkei 225 fell 1.1 percent to 23,513.20. Hong Kong's Hang Seng added 0.3 percent to 26,289.24. The Shanghai...
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September 26, 2018 - 8:59 am
JOHANNESBURG (AP) — The World Bank is providing direct financing to Somalia's government for the first time in 27 years, calling it a "milestone" in the reconstruction of the Horn of Africa nation long shattered by fighting. A statement says the bank's board of directors has approved $80 million in...
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FILE - In this Dec. 30, 2016 file photo, then Argentina's Finance Minister Luis Caputo attends a news conference at Casa Rosada presidential palace in Buenos Aires, Argentina. Caputo, Argentina's central bank chief resignation since June 2018, resigned Tuesday, Sept. 25, 2018, amid negotiations with the International Monetary Fund. He cites personal reasons for stepping down. (AP Photo/Victor R. Caivano, File)
September 25, 2018 - 8:20 pm
BUENOS AIRES, Argentina (AP) — Argentina's central bank chief resigned Tuesday amid negotiations with the International Monetary Fund. The surprise resignation of Luis Caputo was announced in a bank statement that said he was leaving for personal reasons. But it came as the government was pushing...
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