The world’s largest economy is expected to grow by just 1.4% in 2025, a sharp deceleration from the 2.8% expansion recorded ...

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 ...

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 ...

To start, we need a World Bank president who will definitively move away from the climate denialism of the present president, David Malpass. But at a time when we need the World Bank to stand up ...

The bank has aligned its energy strategy to support the anticipated doubling of electricity demand in developing nations by ...

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 ...

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 ...

The global economy could grow less this year than previously projected, the World Bank said Tuesday, citing uncertainty over ...

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 ...