WASHINGTON — President Joe Biden has tapped a new head of the World Bank after the bank's current leader, David Malpass, announced his resignation last week amid criticism over statements ...

Global economic growth is on track for its weakest decade since the 1960s, according to a new analysis by the World Bank, which cites President Donald Trump’s trade war as a major factor weighing on ...

President Joe Biden nominated former Mastercard President and CEO Ajay Banga to direct the World Bank Thursday morning, one week after the international financial organization’s current leader ...

The World Bank on Tuesday reduced its outlook for both global and U.S. economic growth this year, citing disruptions to ...

Win McNamee / Getty Images Ajay Banga is the current president of the World Bank Group. Nominated by President Joe Biden in February 2023, Banga was confirmed by the World Bank’s Board of ...

World Bank President David Malpass plans to step down a year before his term is set to end, the organization announced Wednesday. Malpass will leave his position on June 30, the end of the World ...

At a Tuesday fireside chat, World Bank Group President Ajay Banga emphasized the importance of funding sustainable development initiatives that harness the potential of women and young people in ...

David Malpass has decided to step down as president of the World Bank before his five-year term expires. He says he will leave at the end of June. Appointed by then-President Trump in 2019 ...

WASHINGTON, Feb. 22, 2023—The Board of Executive Directors of the World Bank Group met today under the Chairship of its Dean, Mr. Koen Davidse, to discuss the selection process for the next President ...

By David Gelles Gelles questioned the World Bank president about his views on climate change at a live event in New York in September. Feb. 15, 2023 David Malpass, the embattled president of the ...