The World Bank is suspending direct financial aid to Mozambique, joining the International Monetary Fund in cutting off budgetary assistance after learning of more than $1 billion in previously ...

The IMF’s seminal mission was to safeguard global financial stability to prevent a repeat of the Great Depression, while the World Bank’s was to rebuild the war-ravaged economies of Europe.

Treasury Secretary Scott Bessent said the U.S. remains committed to playing a leadership role in the IMF and World Bank but wants to see changes.

WASHINGTON (Reuters) -World Bank President Ajay Banga said on Wednesday he has had constructive talks with the Trump administration about the development lender but he did not know how much the U ...

In 1968, a major report commissioned by the World Bank ... idea of aid as an essentially benevolent endeavour has often been disputed. In the US, a recent poll by Public First for the Financial ...

World Bank's Banga Unsure of US Aid to Fund for Poor Nations, Though Trump Dialogue 'Constructive' By David Lawder WASHINGTON (Reuters) -World Bank President Ajay Banga said on Wednesday he has ...