Sunday, May 3, 2026
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Tag: David Malpass

WB members agree to hike lending by $50b

NEW YORK—World Bank member countries have endorsed measures allowing a $50-billion lending boost over the next decade, its outgoing president David Malpass said Wednesday. The...

Aid from two World Bank entities hit record $75 bn in 2022

Two World Bank entities provided a record $75 billion in financing last year, said a letter by its president, as developing countries faced crises...

White House rebukes WB president over climate row

Washington, United States―The White House on Friday rebuked the head of the World Bank David Malpass, who is battling charges of climate denial for...

Dominguez lauded for vaccine program

The World Bank recognized former Finance Secretary Carlos Dominguez III for his contributions on the anti-COVID campaign and other priority programs of the Duterte...

Uncertain economic outlook

The World Bank, true to its conservative approach, is not overly optimistic about the global economic recovery this year, despite the vaccine rollout. The risks...

World Bank warns global recovery could erode if virus worsens

The World Bank on Tuesday downgraded its outlook for the global economy, and warned the situation could deteriorate if Covid-19 infections accelerate or the...

World Bank approves $12B for COVID-19 vaccines

The World Bank said Tuesday that it approved $12 billion for developing countries to finance the purchase and distribution of Covid-19 vaccines, tests and...

Debt of poorest countries hit record $744 billion in 2019: World Bank

The debt of the world's poorest countries hit a record $744 billion in 2019 prior to the coronavirus pandemic but debt relief is lagging,...

Extreme poverty may rise by 100M, WB chief warns

Washington"•The coronavirus pandemic may have driven as many as 100 million people back into extreme poverty, World Bank President David Malpass warned Thursday. The Washington-based...

Stock markets rise as economies shake off lockdowns

World stock markets rose Tuesday as coronavirus lockdowns were relaxed, with investors shrugging off mass protests in the US and a downcast outlook from...

$12 billion to fight coronavirus outbreak

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WB backs proposal to cut overhead costs

World Bank Group president David Malpass backed a proposal by Finance Secretary Carlos Dominguez III for multilateral lenders to closely coordinate their development efforts...

PH backs Malpass as World Bank head

The Philippines supported the nomination of United States Treasury Undersecretary David Malpass as the new president of the World Bank, saying his leadership will...
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