The United States faced a deadline Friday to nominate a new World Bank chief, as strong candidates backed by emerging countries ramped up the pressure on Washington to name a high-profile figure.
Women in the developing world have made strides in education, but still lag far behind men in opportunities, a gender gap that is hampering growth, the World Bank said in a report.
SINGAPORE — World Bank head Robert Zoellick said Tuesday he was confident the United States would not sink into another recession, despite widespread fears over the state of the world's biggest economy.
WASHINGTON — Food prices near record peaks and volatility in commodity markets are driving the lives of the world's poorest people to the edge of survival, the World Bank warned Monday.
WASHINGTON — Top US administration officials Thursday vehemently denied a report by the Reuters news agency that Secretary of State Hillary Clinton was in talks to become the next head of the World Bank.
WASHINGTON (Reuters) - World Bank President Robert Zoellick on Tuesday unveiled $6 billion in funding to help Tunisia and Egypt address budget and reserve shortfalls this year and next, following popular uprisings that ended years of dictatorships but which have caused economic stress.
