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The Latest Breaking News from Ajay Banga

World Bank mobilises $112 billion in private capital for developing nations

The World Bank mobilised $112 billion in private capital for developing nations last year. This significant increase reflects a strategic shift due to donor funding limitations. Private capital mobilisation now nearly matches the World Bank Group's own lending efforts. The bank employs various methods to de-risk and incentivise private investment.…

The Economic Times

World Bank names Nobel laureate Michael Kremer as next chief economist

Michael Kremer, the distinguished Nobel laureate, is set to assume the role of chief economist at the World Bank. With a robust background in experimental methods targeting global poverty alleviation, Kremer has dedicated his research to groundbreaking strategies aimed at uplifting developing nations. Commencing on October 1, he will tackle…

The Economic Times

Nirmala Sitharaman pushes trade, investment ties in G20 meetings with key partners

Union Finance Minister Nirmala Sitharaman met global leaders during the G20 meeting. She discussed trade and investment cooperation with World Bank President Ajay Banga. Sitharaman also spoke with IMF Managing Director Kristalina Georgieva about economic outlook. Discussions with Poland and Qatar covered expanding bilateral partnerships and trade. Engagements aimed to…

The Economic Times

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Nirmala Sitharaman, World Bank chief Ajay Banga hold meeting, discuss deepening cooperation

The things the FM and the World Bank chief discussed included a significant role of MIGA in boosting corporate and infrastructure finance. They also explored the utilisation of technology for advancing agricultural practices and tourism development, aiming at harnessing global knowledge and private capital for progress.

The Economic Times

Nirmala Sitharaman, IMF chief discuss India’s growth trajectory, global economic outlook

Finance Minister Nirmala Sitharaman met IMF Managing Director Kristalina Georgieva in Asheville. Georgieva acknowledged India's strong economic performance and evolving growth trajectory. Sitharaman also met World Bank President Ajay Banga and EU Commissioner Valdis Dombrovskis. Discussions focused on deepening economic partnerships and investments. Both leaders emphasized continued engagement for global…

The Economic Times

'The largest energy security threat in history' is about to push oil prices further up, IEA warns

No new energy shipments have been loaded in April, signalling a worsening disruption that could intensify the global energy and economic impact, IEA Executive Director Fatih Birol said on Monday.

Euronews

Iran-US war latest: Vance says peace talks have failed after 21 hours of negotiations in Pakistan

A Pakistani source said there were ‘mood swings’ from Washington and Tehran in the first round of talks

The Independent UK

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World Bank Group opens its first office in Qatar

The World Bank Group has officially opened its first office in Doha, marking a new phase in its partnership with Qatar and strengthening cooperation on development, private investment and support for fragile economies in the region.

Euronews

Netanyahu, Putin and the Pope: Who has been invited to Trump’s Gaza ‘Board of Peace’?

Russian president Vladimir Putin and the Pope considering invitations to join

The Independent UK

Mozambique welcomes $6 billion electricity project from World Bank backing

Mozambique has won World Bank backing for a $6 billion hydroelectric plant

The Independent UK

Public Or Private? Funding Debate Splits Reeling Aid Sector

As cuts by rich donors decimate aid budgets for the world's most vulnerable, private financing has been touted as the sector's saviour -- but not everyone is convinced.

International Business Times

Developing Countries Should Fast-track US Trade Deals: World Bank President

Developing countries should strike swift trade deals with the United States at the "earliest possible" opportunity, the president of the World Bank told AFP Friday, after a busy week with global financial leaders in Washington.

International Business Times

Stunned resignation and foreboding: a week in Trump’s shadow at IMF

Few policymakers mention US president by name, but his tariffs dominate IMF-World Bank meeting

The Guardian - UK

Global Uncertainty Will 'Certainly' Hit Growth: World Bank President

The uncertainty kicked up by Donald Trump's stop-start tariff rollout will undoubtedly hit growth, the president of the World Bank said Wednesday, ahead of next week's semi-annual meeting of global financial leaders in Washington.

International Business Times

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Radio France Internationale

African nations set to light up the homes of 300 million people by 2030

Several African nations have committed to open up their electricity sectors to attract investors and light up the homes of 300 million people currently lacking power over the next six years. "Mission 300" is driving the agenda at a two-day energy summit in Tanzania.

Evening Standard

UK says £58bn climate finance tool to launch on London Stock Exchange

The new capital market mechanism is designed to raise money to help build clean energy projects in developing countries.

The Guardian - UK

Who’s who at Cop29? The world leaders and others who will attend

Crucial question for summit will be how to help developing countries cope with extreme weather caused by high temperatures

The Guardian - UK

Debt will overshadow IMF gathering as World Bank boss pleads for poorest countries

In Washington, finance ministers will face pressure for action to reduce their own debt and offer more resources to poorer nations

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International Business Times

World Bank President Focused On Job Creation Ahead Of Annual Meetings

The World Bank will unveil plans to tackle job creation, gender disparities, and food security at next week's gathering of the world's finance ministers and central bankers in Washington, its president said in an interview.

Top News

World Bank President Ajay Banga Addresses Global Economic Challenges

World Bank and IMF address global economic challenges, focusing on poverty, climate, and conflict. Initiatives include expanding electricity and healthcare...

International Business Times

World Bank Aiming To Connect 250 Mn Africans To Energy Grid By 2030

The World Bank has significantly scaled up its ambition to connect Africans to the electricity grid by 2030, from 100 million to more than 250 million, the Bank's president said Wednesday.

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