Germany will provide an initial contribution of 10 million euros ($11.59 million) to the World Bank trust fund this year with ...

The latest spat between the Trump administration and the Federal Reserve is sounding more like a home-improvement reality TV show.

The vast majority, 26,000, or 63 percent, work out of the World Bank headquarters in Washington, DC, and only 3,200 are located in Africa, where most people in extreme poverty live.

President Donald Trump is escalating his pressure campaign to get the Federal Reserve chairman to either lower interest rates ...

Ajay Banga didn’t like the existing decor, so when he took over as World Bank president he gave his grand two-story corner office a makeover. Old-school leather furniture? Gone. Dark lighting ...

The bank also lopped 0.4 percentage points off its forecast for global growth this year. It now expects the world economy to expand just 2.3% in 2025, down from 2.8% in 2024.

Now the World Bank president finds himself having to defend one of the linchpins of the liberal international order against President Donald Trump, who last month ordered a government review that ...

The biggest gainer among the 50 largest banks in the world was Spanish bank Santander ($1.9 trillion), which rose seven spots to No. 29 on this year’s list.

Bessent also warned the IMF’s partner institution, the World Bank, that it needs to rein in excessive spending. World Bank headquarters in Washington, DC, above.

The World Bank provides financing, advice, and research to developing nations to aid their economic advancement.

The vast majority, 26,000, or 63 percent, work out of the World Bank headquarters in Washington, DC, and only 3,200 are located in Africa, where most people in extreme poverty live.