The United States on Monday welcomed plans by the World Bank to boost its annual lending by $5 billion to address global challenges including climate change over the next 10 years, but said it was pushing for more ambitious changes soon.
U.S. Treasury Secretary Janet Yellen on Wednesday said she expected the U.S. nominee to head the World Bank, former Mastercard CEO Ajay Banga, to be elected as president of the multilateral development bank.
China spent $240 billion bailing out 22 developing countries between 2008 and 2021, as more have struggled to repay loans spent building "Belt & Road" infrastructure, according to a study.
Private and sovereign creditors should accelerate work on debt restructuring efforts for countries like Chad, Zambia and Ethiopia or risk discouraging countries that need help from participating, International Monetary Fund chief Kristalina Georgieva told the Reuters Next conference on Friday.
Global economic growth projections from the International Monetary Fund will likely be downgraded due to the emergence of the Omicron variant of the coronavirus, IMF Managing Director Kristalina Georgieva said on Friday.