News

U.S. Calls for Sweeping Reforms to I.M.F. and World Bank
Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their ...
World Bank adds Bayer, Hyatt and other CEOs to private sector initiative
The World Bank on Wednesday added four top executives, including Bayer AG CEO Bill Anderson and Hyatt Hotels CEO Mark ...
Bessent says IMF and World Bank need reform and there's an 'opportunity for a big deal' with China
Treasury Secretary Scott Bessent leveled harsh criticism at the operations of the World Bank and the International Monetary ...
Bessent Chides IMF, World Bank as He Says ‘America First Does Not Mean America Alone’
Bessent spoke to the Institute of International Finance as both the International Monetary Fund and World Bank held their ...
Lebanon receives $250 million World Bank loan to help with electricity problems
Lebanon has been granted a $250 million loan from the world bank to address the electricity issue in the country, a finance ...
Lebanon gets $250 million World Bank loan to ease electricity crisis
BEIRUT -- The World Bank will grant Lebanon a $250 million loan that will be used to help ease electricity cuts in the crisis-hit country, the country's finance ministry said Thursday.
Global Economic Leaders Gathering in U.S. Confront Trump’s New World Order
The I.M.F. and World Bank are holding their spring meetings as President Trump’s trade war upends the global economy.
Scott Bessent says the World Bank and IMF need a total overhaul: ‘Mission creep has knocked these institutions off course’
Treasury Secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, said the two agencies ...
World Bank climate message shifts amid Trump era uncertainty
The bank’s messaging on climate represents a delicate balancing act between the institution and the U.S., its largest ...
Bessent Encourages World Bank to Invest in Gas and Fossil Fuels
Treasury Secretary Bessent on Wednesday encouraged the World Bank to invest in gas and fossil fuels. "The World Bank must be ...
Bangladesh, World Bank sign $850 million deal to boost jobs, trade
Bangladesh and the World Bank on Wednesday signed two financing agreements worth $850 million to strengthen the South Asian ...