Friday April 19, 2024 | Last Update: April 19, 2024 EDT
Jim Yong Kim, the president of the World Bank, is calling for global leaders to increase the institution’s capital base, according to a report from the Financial Times. Kim argues that the slowdown in emerging markets and the agreed upon developmental goals of the UN are reasons for the bank to need greater resources.
Read more >>
Australia has pledged to join a China-initiated lender seen as a counterweight to rival the World Bank, putting in $718 million in the bank over five years to make it the sixth biggest shareholder.
Just In
Most Read
1
2
3
4
5
