Latest David Malpass News

Guest lineups for the Sunday news shows

Jun. 25, 2022 08:02 AM EDT

WASHINGTON (AP) — ABC’s “This Week” — Sen. Elizabeth Warren, D-Mass.; Gov. Kristi Noem, R-S.D.; Rep. Jamie Raskin, D-Md. __ NBC’s “Meet the Press” — Gov. Asa Hutchinson, R-Ark.; Reps. Alexandria Ocasio-Cortez, D-N.Y., and Adam Schiff, D-Calif. ...

World Bank dims outlook for global economy amid Russia war

Jun. 07, 2022 09:40 AM EDT

WASHINGTON (AP) — The World Bank has sharply downgraded its outlook for the global economy, pointing to Russia’s war against Ukraine, the prospect of widespread food shortages and concerns about the potential return of “stagflation” — a toxic mix of high inflation and sluggish growth...

Yellen meets war refugees in Poland, pushes food crisis plan

May. 16, 2022 12:26 PM EDT

WARSAW, Poland (AP) — U.S. Treasury Secretary Janet Yellen on Monday met with Ukrainian refugees and urged the need to confront Russian brutality as she visited Poland ahead of a meeting of finance ministers for the Group of Seven leading economies. Yellen applauded Poland for...

Pricey tortillas: LatAm's poor struggle to afford staples

May. 13, 2022 15:03 PM EDT

MEXICO CITY (AP) — No item is more essential to Mexican dinner tables than the corn tortilla. But the burst of inflation that is engulfing Latin America and the rest of the world means that people like Alicia García, a cleaner at a restaurant in Mexico City, have had to cut back. ...

Yellen weighs costs of war on Russia's frozen assets

Apr. 21, 2022 17:59 PM EDT

WASHINGTON (AP) — The mounting economic damage to Ukraine from Russia's ongoing bombardment has the U.S. and its allies speeding billions in aid to the beleaguered country — and looking for other sources of cash as well, including Russia itself. After the U.S. announced $1.3...

IMF, World Bank chiefs warn of debt squeeze in poor nations

Apr. 20, 2022 14:10 PM EDT

WASHINGTON (AP) — The heads of the International Monetary Fund and the World Bank warned Wednesday that rising interest rates are squeezing the world's poorest countries as they struggle with the coronavirus and soaring food prices. There is "a huge buildup of debt, especially in...

Live updates | Russia-Ukraine War

Apr. 19, 2022 20:52 PM EDT

Russia assaulted cities and towns along a boomerang-shaped front hundreds of miles long and poured more troops into Ukraine on Tuesday in a potentially pivotal battle for control of the country’s eastern industrial heartland of coal mines and factories. If successful, the Russian...

Finance heads urged to boost fight against food insecurity

Apr. 19, 2022 16:14 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen urged world finance leaders Tuesday to “get concrete” as they look for ways to combat a looming crisis over food insecurity around the globe that Russia's war in Ukraine has made even worse. “This threat touches the most...