The Biden administration’s nominee to be the next president of the World Bank, the international development and climate institution, is embarking on a monthlong sprint around the globe to solidify […]
Malpass, David
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Back to news homeDefaults Loom as Poor Countries Face an Economic Storm
WASHINGTON — Developing nations are facing a catastrophic debt crisis in the coming months as rapid inflation, slowing growth, rising interest rates and a strengthening dollar coalesce into a perfect […]
Global Growth Will Be Choked Amid Inflation and War, Says World Bank
For large and small nations around the globe, the hope of averting a recession is fading, the World Bank warned on Tuesday.The grinding war in Ukraine, ongoing supply chain chokeholds, […]
How the Wealthy World Has Failed Poor Countries During the Pandemic
LONDON — Like much of the developing world, Pakistan was alarmingly short of doctors and medical facilities long before anyone had heard of Covid-19. Then the pandemic overwhelmed hospitals, forcing […]