Ukraine-Russia War to drag on Asian economies, World Bank says
A report from the World Bank on Monday warned that the war in Ukraine threatens to slow economies in Asia in the months ahead.
World Bank assembling $725M emergency package to Ukraine
The World Bank is sending a financing package to Ukraine as the country fights back against an invasion from neighboring Russia
Russian banks turn to China to sidestep cutoff from payments systems
Russian banks that have been cut off from global payments networks are turning to China’s state-owned UnionPay system as the country tries to sidestep boycotts by Western businesses for its invasion of Ukraine.
Ukraine may receive $700M in planned loans from World Bank
The World Bank Group is putting together financial help for Ukraine.
World Bank mishandled sexual-harassment claims, internal tribunal says
The World Bank failed to protect two young employees who filed sexual harassment allegations against a veteran, high-ranking official who is now a presidential candidate in Costa Rica, according to findings released by the bank’s internal labor tribunal.
IMF board to back Georgieva after review of data-rigging claims -sources
The International Monetary Fund's executive board will issue a statement of support for Managing Director Kristalina Georgieva after reviewing allegations she pressured World Bank staff to alter data to favor China, sources familiar with the decision said on Monday.
Senators call for 'full accountability' in World Bank data controversy
The top Democrat and Republican on the U.S. Senate Foreign Relations Committee have urged President Joe Biden to "ensure full accountability" over a World Bank data-rigging controversy that has embroiled International Monetary Fund chief Kristalina Georgieva.
World Bank freezes Afghanistan aid after Taliban takeover
The World Bank this week became the latest international organization to suspend financial aid to Afghanistan in the wake of the Taliban's sudden takeover.