The International Monetary Fund's executive board will intensify its probe of Managing Director Kristalina Georgieva this week by separately interviewing her and investigators who said she pressured World Bank staff to alter data to favor China, people with knowledge of the meetings said.
Ni Kadek Suriani was looking forward to starting her second year of junior high school last year, before the coronavirus pandemic hit. Then her parents lost their jobs and she was forced to help scratch a living on Indonesia's holiday island of Bali.
Kenya has received a $750 million loan from the World Bank to support its budget and help the East African economy recover from the effects of the COVID-19 pandemic, the multilateral lender said on Friday.
3 minute read
Mexican President Andres Manuel Lopez Obrador on Wednesday tapped his finance minister to take the helm at the central bank and nominated a longstanding adviser to assume charge of the finance ministry, promising to ramp up social spending.
Lopez Obrador said on Twitter that Finance Minister Arturo Herrera wouldtake over from Bank of Mexico chief Alejandro Diaz de Leon, whose term at the bank expires at the end of 2021.
To replace Herrera, Lopez Obrador chose economist Rogelio Ramirez de la O, which would make him the third finance minister the president has had since he took office at the end of 2018.