Nearly 40 world leaders and scores of finance officials, including International...
WASHINGTON - Nearly 40 world leaders and scores of finance officials, including International Monetary Fund Managing Director Christine Lagarde, are gathered in Beijing for China’s second Belt and Road infrastructure summit, but the World Bank’s new president isn’t among them.
A World Bank spokesman said Malpass will be traveling this weekend to Madagascar, Ethiopia and Mozambique before flying to Egypt and a debt conference in Paris. Malpass has said that Africa is a key priority for the bank due to its high concentration of the world’s poorest people. “In lending, China often fails to adhere to international standards in areas such as anti-corruption, export credits, and finding coordinated and sustainable solutions to payment difficulties, such as those sought in the Paris Club,” Malpass told a U.S. House Financial Services subcommittee in December.
Malpass said at the IMF and World Bank spring meetings this month that meeting the development lender’s goals of ending extreme poverty by 2030 calls for a focus on Africa.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
In nod to debt concerns, China Belt and Road summit to urge sustainable financingWorld leaders meeting in Beijing this week for a summit on China's Belt and...
Read more »
Deutsche Bank Considers Forming ‘Bad Bank’Executives have discussed creating a new unit to house unwanted assets and businesses that could be earmarked for closure, as part of contingency planning should merger talks with Commerzbank fall through.
Read more »
How Donald Trump took over the World BankFor many at the World Bank, a Trump takeover of a signature multilateral institution was exactly what those inside it wanted to avoid. But it was also facilitated by what was an already weakened institution after seven years of chaos under the previous World Bank president.
Read more »
German bank merger crumbles as Deutsche Bank tie-up talks with Commerzbank endDeutsche Bank and Commerzbank abandoned their merger talks on Thursday, with the...
Read more »
Father of Sidwell Friends student killed in Sri Lanka attack mourns what might have been“I just want the world to know what these particular terrorists took from the world,” said Alex Arrow of his son Kieran Shafritz de Zoysa, who was to return to Washington in the fall for sixth grade.
Read more »
China central bank likely to pause reserve cuts, but policy easing on track: sourcesChina's central bank is likely to pause to assess economic conditions befor...
Read more »
China central bank says no intent to tighten or relax monetary policyChina's central bank has no intent to tighten or relax monetary policy, a v...
Read more »
China is using Facebook to build a huge audience around the worldChina now runs five of the six media outlets with the biggest Facebook followings
Read more »
World shares fall as China stimulus worries offset upbeat Credit Suisse earningsWorld shares took a step back on Wednesday as signals that China has put broader...
Read more »
UBS, Deutsche Bank in asset management merger talks: FTThe asset management arms of Deutsche Bank AG and Swiss bank UBS Group AG are in...
Read more »