Latest Jim Yong Kim News

EXPLAINER: Why World Bank is under fire over set of rankings

Sep. 17, 2021 20:13 PM EDT

WASHINGTON (AP) — Under fire for allegations that it bowed to pressure from China and other governments, the World Bank has dropped a popular report that ranked countries by how welcoming they are to businesses. The report is important to many companies and investors...

Inquiry puts ex-World Bank officials under scrutiny on China

Sep. 17, 2021 16:15 PM EDT

WASHINGTON (AP) — Former officials of the World Bank are under pressure after an investigation found that they pressured staff members of the bank to alter data on global business conditions in order to favor China and some other governments. The World Bank said it...