Latest World Bank News

IMF warns economy recovery threatened by virus, inflation

Oct. 14, 2021 16:17 PM EDT

WASHINGTON (AP) — The International Monetary Fund is warning of rising threats to the global economic recovery posed by the ongoing coronavirus pandemic and an outbreak of inflation. The lending agency called Thursday for greater efforts from wealthy nations to boost...

IMF head pledges renewed efforts to protect data integrity

Oct. 13, 2021 17:26 PM EDT

WASHINGTON (AP) — The embattled head of the International Monetary Fund, who successfully fought to keep her job following a data-manipulation scandal, on Wednesday pledged renewed efforts to bolster data integrity while focusing on the main job of helping countries recover from a...

IMF board confident about leader despite data-rigging claims

Oct. 12, 2021 11:30 AM EDT

WASHINGTON (AP) — The International Monetary Fund expressed “full confidence” in its managing director Tuesday in response to allegations that while she was a World Bank official, she and others pressured staffers to change business rankings in an effort to placate China. ...

IMF foresees a slight drop in global growth from pandemic

Oct. 12, 2021 11:17 AM EDT

WASHINGTON (AP) — The International Monetary Fund is slightly downgrading its outlook for the global recovery from the pandemic recession, reflecting the persistence of supply chain disruptions in industrialized countries and deadly disparities in vaccination rates between rich and poor...

IMF board says needs more time to weigh data-rigging details

Oct. 08, 2021 22:43 PM EDT

WASHINGTON (AP) — The executive board of the International Monetary Fund said late Friday that it is seeking more “clarifying details” in its investigation into allegations that the head of the IMF pressured staff at the World Bank to change business rankings for China in an effort to...

IMF chief facing data-rigging allegations defends actions

Oct. 07, 2021 18:17 PM EDT

WASHINGTON (AP) — The head of the International Monetary Fund said Thursday that a report alleging she had a role in data-rigging at the World Bank when she was a top official there was not an accurate representation of events. The statement came a day after IMF...

IMF head meets with board probing data-rigging allegations

Oct. 06, 2021 19:20 PM EDT

WASHINGTON (AP) — The head of the International Monetary Fund met on Wednesday with her agency's executive board, which is conducting an investigation into alleged data-rigging at the World Bank, the sister global lender where she was formerly was a top executive. The...

IMF says trimming global growth forecast due to rising risks

Oct. 05, 2021 11:56 AM EDT

WASHINGTON (AP) — The head of the International Monetary Fund says the agency is trimming its forecast for global growth this year. IMF Managing Director Kristalina Georgieva on Tuesday cited rising risks from inflation, debt and a divergence in growth prospects between...

IMF gets briefing on probe into China rankings at World Bank

Oct. 04, 2021 18:56 PM EDT

WASHINGTON (AP) — The International Monetary Fund said Monday its board of directors has been briefed by attorneys from the law firm whose investigation found that current IMF Managing Director Kristalina Georgieva and other officials pressured World Bank employees to alter data affecting...

Lebanon resumes contacts with IMF over bailout program

Oct. 04, 2021 06:39 AM EDT

BEIRUT (AP) — Lebanon’s Finance Ministry said Monday it has resumed “interactions” with the International Monetary Fund in an effort to pull the small nation out of its worst economic crisis in its modern history. The ministry said the government will work for a...