Development banking

A masked man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, April 15, 2020. Asian stocks edged lower Wednesday after the International Monetary Fund said the global economy will suffer its worst year since the Great Depression of the 1930s due to the coronavirus pandemic. (AP Photo/Kin Cheung)
April 14, 2020 - 9:06 pm
Asian stocks edged lower Wednesday after the International Monetary Fund said the global economy will suffer its worst year since the Great Depression of the 1930s due to the coronavirus pandemic. Benchmarks in Tokyo and Hong Kong were flat while Shanghai and Sydney declined despite Wall Street's...
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The buildings of the banking district are seen in Frankfurt, Germany, early Tuesday, April 14, 2020. Due to the coronavirus the economy expects worldwide heavy losses. (AP Photo/Michael Probst)
April 14, 2020 - 6:29 am
WASHINGTON (AP) — Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast. The IMF said Tuesday that it expects the global economy to shrink 3% this year — far...
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April 12, 2020 - 11:01 am
MEXICO CITY (AP) — The new coronavirus pandemic could send economies tumbling by 4.6% this year across Latin America and the Caribbean, forcing governments to take ownership stakes in struggling major businesses, according to a World Bank report issued Sunday. The bank’s Latin America and Caribbean...
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Ukrainian President Volodymyr Zelenskiy wearing a face mask to protect against coronavirus speaks during an extraordinary parliamentary session in Kyiv, Ukraine, Monday, March 30, 2020. Ukraine has been under quarantine since March 12. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo)
March 31, 2020 - 1:28 am
KYIV, Ukraine (AP) — Ukraine's parliament has voted to lift the ban on the sale of farmland in a move that would allow the country to get $8 billion worth of aid from the International Monetary Fund. The bill, long pushed by economists to stimulate investment in agriculture, was approved by 259...
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FILE - In this Feb. 14, 2020 file photo, Kristalina Georgieva, Managing Director of the International Monetary Fund, attends a session on the first day of the Munich Security Conference in Munich, Germany. Georgieva said Friday, March 27, it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn. She said the 189-nation lending agency was forecasting a recovery in 2021, saying it could be a “sizable rebound.” But she said this would only occur if nations succeed in containing the coronavirus and limiting the economic damage(AP Photo/Jens Meyer, File)
March 27, 2020 - 12:54 pm
WASHINGTON (AP) — The head of the International Monetary Fund said Friday it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn. IMF Managing Director Kristalina Georgieva said the 189-nation lending agency was forecasting a recovery in...
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In this photo released by Saudi Press Agency, SPA, Saudi King Salman, chairs a video call of world leaders from the Group of 20 and other international bodies and organizations, from his office in Riyadh, Saudi Arabia, Thursday, March 26, 2020. The meeting is aimed at coordinating the global response to the fast-spreading coronavirus, which has shuttered businesses and forced well over a quarter of the world's population into home isolation. (Saudi Press Agency via AP)
Associated Press
March 26, 2020 - 12:00 pm
DUBAI, United Arab Emirates (AP) — The head of the United Nations told leaders of the world’s 20 major industrialized nations during an emergency virtual summit Thursday that "we are at war with a virus – and not winning it” despite dramatic measures by countries to seal their borders, shutter...
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In this photograph taken Thursday March 19, 2020 , A woman spills water at squatter camp in Soweto, South Africa. Some countries around the world lack the equipment and trained health workers to respond to the threat of COVID-19 virus. For most people the virus causes mild or moderate symptoms, but for others it causes severe illness. (AP Photo/Themba Hadebe)
March 22, 2020 - 2:23 am
LONDON (AP) — To offset the crushing costs of trying to stem a global epidemic, the World Bank and partners announced the creation of “pandemic bonds” several years ago: the idea was to leverage private capital from Wall Street firms that would help stricken poor countries. But since the bonds were...
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Travelers at Seattle-Tacoma International Airport wear masks Tuesday, March 3, 2020, in SeaTac, Wash. Six of the 18 Western Washington residents with the coronavirus have died as health officials rush to test more suspected cases and communities brace for spread of the disease. All confirmed cases of the virus in Washington are in Snohomish and King counties. (AP Photo/Elaine Thompson)
March 03, 2020 - 3:16 pm
AID AVAILABLE: The World Bank announced Tuesday that it is making $12 billion available to provide immediate support to low-income countries dealing with the health and economic impacts of the coronavirus. World Bank President David Malpass said the money will go to help developing nations...
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Members of political parties and social movements protest the visit of an International Monetary Fund (IMF) delegation, one with a sign that reads in Spanish "Get out of Argentina IMF. No to the debt payment," in Buenos Aires, Argentina, Wednesday, Feb. 12, 2020. Argentina announced Tuesday that it will delay paying principal on a peso-denominated bond that had been due this week while it works on restructuring an overall debt it says is unpayable at a time of economic hardship. (AP Photo/Gustavo Garello)
February 12, 2020 - 12:04 pm
BUENOS AIRES, Argentina (AP) — Argentina has been here before: recession, growing poverty, high inflation, billions of dollars in debt, a looming deadline for repayment and simmering anger toward the International Monetary Fund. This is a big week for one of Latin America's biggest economies, which...
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FILE - In this Monday, Sept. 23, 2019 file photo, African Development Bank President Akinwumi Adesina, left, is joined by Masen President Mustapha Bakkoury as he addresses the Climate Action Summit in the United Nations General Assembly, at U.N. headquarters. Africa shouldn't have to beg for help in addressing climate change, the president of the African Development Bank said Tuesday, Feb. 11, 2020, adding that polluting global powers "have to pay." (AP Photo/Jason DeCrow, File)
February 11, 2020 - 3:43 am
ADDIS ABABA, Ethiopia (AP) — Africa shouldn’t have to beg for help in addressing climate change, the president of the African Development Bank said Tuesday, adding that polluting global powers “have to pay.” Akinwumi Adesina told The Associated Press in an interview on the sidelines of the African...
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