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The Latest Breaking News from David Malpass

Money talks: why climate finance at Cop27 is key to beating global heating

Funding urgently needed to cope with climate disasters – and to prevent distrust crashing UN negotiations

The Guardian - UK

Who’s who at Cop27: the leaders who hold the world’s future in their hands

A look at who will – and who may not – be at the Sharm el-Sheikh climate summit this month

The Guardian - UK

World Bank breaks sustainability vow

A new report alleges the World Bank has failed on its promise to align more closely with the Paris agreement

Salon

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Ukraine's Marchenko to chair IMF, World Bank governing boards in 2023

The shareholders of the International Monetary Fund and World Bank on Friday selected Ukrainian Finance Minister Serhiy Marchenko as the next rotating chair of the boards of governors of both institutions in 2023.

Reuters

UK joins calls for World Bank reform to focus funding on climate crisis

Alok Sharma’s intervention puts pressure on Trump-appointed Bank chief who faces calls to resign

The Guardian - UK

Explained: Why IMF called India's direct benefit transfer scheme a 'logistical marvel'

NEW DELHI: The International Monetary Fund (IMF) has called the deployment of India's direct benefit transfer (DBT) scheme as a 'logistical marvel' which has reached hundreds of millions of people.

The Times of India

IMF Sees Middle East Growth at 5%

The Middle East is projected to grow at five percent this year, up from 4.1 percent in 2021.

Asharq Al-Awsat

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Protesters outside IMF, World Bank meeting venues demand urgent climate action

Dozens of protesters demonstrated outside the annual meetings of the International Monetary Fund and the World Bank in Washington D.C. on Thursday, expressing opposition to funding of fossil fuels and demanding urgent action to tackle climate change.

Reuters

World Bank preparing to disburse another $530 million to Ukraine-Malpass

World Bank President David Malpass said on Thursday that the lender is preparing to disburse another $530 million to Ukraine by the end of October, financing enabled by guarantees from Britain and Denmark that brings total World Bank disbursements to the war-torn country to about $11 billion this year.

Reuters

World Bank defends climate record in meeting with NGOs

World Bank President David Malpass defended the institution's commitment to tackling climate change on Tuesday, telling civil society groups that have criticized his leadership on the issue that the bank is focused on global warming.

Reuters

Larry Summers wants to spend trillions on climate

The former Treasury secretary is looking for the World Bank to increase its lending

Axios

World Bank's Malpass, IMF's Georgieva See Rising Risks of Global Recession

World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday of a growing risk of global recession and said inflation remained a continuing problem after Russia's invasion of Ukraine. "There's a risk and real danger of a world recession next year," Malpass said in…

Asharq Al-Awsat

World Bank chief says will keep 'intense' focus on addressing climate change

World Bank President David Malpass said on Friday that he was keeping an "intense" focus on the bank's efforts to address climate change and was embracing the U.S. Treasury's call to dramatically boost lending capacity to address this and other global problems.

Reuters

India can lead G20 on education, climate and debt sustainability: World Bank President

World Bank President David Malpass points to India’s involvement in restructuring debts in Sri Lanka and it being a major creditor to African nations; calls the country a leader in education

The Hindu

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The Guardian - UK

World Bank ‘has given nearly $15bn to fossil fuel projects since Paris deal’

A group of 50 NGOs found that bank and subsidiaries had funded oil refinery and gas processing

Reuters

World Bank says goal of ending extreme poverty by 2030 unlikely to be met

The Hindu

India's support to poor during COVID-19 remarkable, says World Bank president

Other nations should adopt the Indian move of targeted cash transfer instead of broad subsidies, says World Bank President David Malpass

The Guardian - UK

World Bank criticised over climate crisis spending

Oxfam research suggests up to 40% of bank’s reported climate-related spending cannot be accounted for

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The Guardian - UK

High interest rates paid by poorer nations spark fears of global debt crisis

Campaigners say low-income countries urgently need debt relief on foreign borrowings as their interest rates soar

The Guardian - UK

First Thing: Giorgia Meloni hails ‘night of pride’ in Italian elections

Far-right leader poised to become Italy’s first female prime minister. Plus, the gallery letting insects run wild

The Guardian - UK

Head of World Bank under pressure after White House condemns his ‘climate denial’ comments

David Malpass apologises after saying he ‘doesn’t know’ if he accepts climate science

The Independent UK

World Bank head says he's not a climate denier, won't quit

World Bank President David Malpass says he won’t resign after coming under criticism for his remarks earlier this week regarding climate change

WEKU

Climate activists want Biden to fire the head of the World Bank. Here's why

Climate activists have never liked Trump-appointed World Bank President David Malpass. But this week, his comments on climate change fueled calls for President Biden to make a change.

Reuters

World Bank president should 'not mince words' on climate -White House adviser

A top climate adviser to President Joe Biden on Friday said the head of the World Bank should "not mince words" on the scientific consensus on climate change and is out of step with the American public.

Axios

World Bank president declines calls to step down

“It was a poorly chosen line, I regret that, because we as an organization are using the science every day."

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