Once the world's largest financier, China has in recent years become its top debt collector as grace periods expire on ...

According to these reports, Oxfam -- the British NGO -- found that a huge chunk of the World Bank's spending on climate change-related issues was "missing." Thank heavens for fact-checkers like ...

World Bank President David Malpass announced Wednesday his plan to step down in June, nearly a year before the end of his five-year term, following a recent controversy over climate change ...

A World Bank official said that Mr. Malpass’ early ... change and other public goods as part of the its “evolution road map.” Mr. Malpass’s original vision was to focus on the bank ...

The U.S. has nominated Ajay Banga to head the World Bank. A naturalized American, Banga has decades of experience in finance but faces major challenges at the multilateral lending institution.

In the foreword of the World Bank’s latest economic outlook, Indermit Gill, the group’s senior vice president and chief economist, said the global economy appears to be approaching a “soft ...

The World Bank Group is a family of five multilateral institutions focused on economic development whose overarching mission is global poverty reduction. Established by Western powers in 1944 ...