Tag: World Bank

World’s Growth Cools and the Rich-Poor Divide Widens

As the world economy struggles to find its footing, the resurgence of the coronavirus and supply chain chokeholds threaten to hold back the global recovery’s momentum, a closely watched report warned on Tuesday. The overall growth rate will remain near 6 percent this year, a historically high level after a recession, but the expansion reflects […]

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Afghanistan Is in Economic Freefall. It Needs Aid.

Traveling around Kabul a few weeks ago, the city felt worlds apart from my last visit in 2019 — and not just because a 20-year war had finally ended. The economy is spiraling out of control. And unless money starts flowing soon, a total economic collapse will plunge Afghans into a humanitarian catastrophe. The desperation […]

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Ivanka Trump Came ‘Incredibly Close’ To Heading The World Bank, But Steve Mnuchin Reportedly Put A Stop To That

Few people have profited off being Donald Trump’s spawn like Ivanka Trump. Apart from clearly being the former president’s favorite child, she’s also ascended to White House positions to which she was almost certainly unqualified, along with making a ton of money for herself and husband Jared Kushner. But there was one major job she […]

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Debate Looms Over I.M.F.: Should It Do More Than Put Out Fires?

Lopsided access to vaccinations, extreme economic inequality, rising food prices and staggering debt are on the agenda when the International Monetary Fund and the World Bank gather for their annual meetings in Washington next week. A pressing issue not in the official program is the controversy that has been swirling for weeks around the chief […]

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As Need in Afghanistan Grows Dire, Aid Groups Plead for Help

KABUL, Afghanistan — The health care system in Afghanistan is on the brink of collapse, international aid groups warned this week, threatening to deepen the country’s humanitarian crisis just as temperatures begin dropping. Thousands of health care facilities have run out of essential medicines. Afghan doctors have not been paid in two months, with no […]

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