Bond for financing development shows confidence in organizations
The World Bank's benchmark bond was set at its tightest spread to U.S. treasuries in the organization's history.
The International Monetary Fund (IMF) is a cooperative institution of countries that lend money to members having difficulties meeting financial obligations to other members. The loans are handed out on condition that economic reforms are undertaken to eliminate these difficulties for their own good and that of the entire membership.
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The World Bank's benchmark bond was set at its tightest spread to U.S. treasuries in the organization's history.
Nations agreed to little more than another pledge to make more cuts in carbon dioxide and other heat-trapping gases.
Leaders of the financial institutions called on 189 member nations for help in easing trade and geopolitical tensions.
The economic outlook challenges countries already struggling with climate change, trade wars, and geopolitical tensions.
The global lending institution said carbon emissions could be cut by 35% over the next decade through a $75 per ton tax.
Bulgarian economist Kristalina Georgieva emphasized the IMF must deal with inequality, climate risk, and technology.
Tariffs imposed or threatened by the U.S. and China could reduce global economic output by 0.8% in 2020.
Finance leaders projected moderate global growth and recovery but warned of risks from a prolonged trade war.
The British monarch touted global institutions the U.K. and U.S. helped create after World War II — to prevent a third one.
The president's eldest daughter said in an interview that her father had asked her if she would be interested in the job.
David Malpass now oversees one of the most important international organizations set up after World War II.
The biggest beneficiaries are likely to be the E.U., Mexico, Japan, Canada, South Korea, India, Australia and Brazil.
Germany's chancellor noted some 'disquiet in the international system,' referencing the Trump administration.
That updated forecast is down from the 3.7% growth rate from last year that had been expected to continue in 2019.
The global financial institution has acknowledged difficulties in assessing the problem among developing nations.
Not surprisingly, the patterns of American and European leadership have been an affront to non-Western nations.