NUSA DUA, Indonesia — Global financial leaders wrapped up an annual meeting of the International Monetary Fund and World Bank on Saturday by urging countries to brace for potential risks from trade disputes and other tensions. The meetings in Bali, Indonesia, this week were overshadowed by a spate of financial market turmoil and by the … Continue reading NUSA DUA, Indonesia | IMF-World Bank ends meetings with call to brace for risks
NUSA DUA, Indonesia — U.S. Treasury Secretary Steven Mnuchin has downplayed widely voiced concerns over the risks that trade tensions with China could disrupt the world economy. Mnuchin also told reporters Saturday in Bali, Indonesia, that he doesn’t lose sleep over the possibility that China might sell its huge hoard of U.S. treasuries in retaliation. … Continue reading NUSA DUA, Indonesia | US Treasury’s Mnuchin downplays fears of US-China trade war
NUSA DUA, Indonesia — The Latest on the IMF-World Bank annual meeting (all times local): 4:30 p.m. About a dozen activists have staged a brief, peaceful protest at the annual meeting of the World Bank and the International Monetary Fund in Bali, Indonesia. Representatives of various rights groups held up placards and chanted “Defend peoples’ … Continue reading NUSA DUA, Indonesia | The Latest: Rights groups say police stifled talks in Bali
WASHINGTON — Global poverty has fallen to a record low. The World Bank said Wednesday that 10 percent of the world’s population lived on less than $1.90 a day in 2015 — the last year for which numbers were available — down from 11.2 percent in 2013. That means 735.9 million people lived below the … Continue reading WASHINGTON | World Bank: Global poverty rate drops to record low 10 pct.
BELGRADE, Serbia — Serbian police say a prominent lawyer who was on the defense team of former strongman Slobodan Milosevic at the Yugoslav war crimes tribunal has been shot and killed. A police statement says Dragoslav Ognjanovic was killed late Saturday outside his home in the new part of Belgrade, the Serbian capital. The statement … Continue reading BELGRADE, Serbia | Prominent lawyer who defended Milosevic killed in Belgrade
The United Nations and the World Bank Group on Friday signed an agreement to work closer together to help countries implement the 2030 Agenda for Sustainable Development and achieve measurable results to transform their economies and societies. UNITED NATIONS – The agreement, known as the Strategic Partnership Framework (SPF), includes four key areas of cooperation. … Continue reading UN News: UN & World Bank ink pact to spur cooperation on Global Goals
WASHINGTON | April 21, 2018 (AP)(STL.News) Treasury Steven Mnuchin wants the International Monetary Fund to do more to address what the Trump administration says are unfair trade practices and says the World Bank should steer cheap loans away from China and toward poorer countries. Such trade policies “impede stronger U.S. and global growth, acting as a … Continue reading WASHINGTON | US calls on IMF to do more to address unfair trade practices
CURIEUSE ISLAND, Seychelles /February 23, 2018 (AP)(STL.News) — With deep blue waters, white sand beaches and rich marine life, the tiny island nation of the Seychelles is announcing a pioneering marine conservation plan as part of a debt swap deal with creditors. In an agreement described as the first of its kind, the Indian Ocean … Continue reading Seychelles swaps debt for groundbreaking marine protection