Development Banking
Business
US, banks unveil plan to ease food crisis from Russia’s war
Ahead of the G7 finance ministers' meetings, the US Treasury, several global development banks and other groups have unveiled a multi-billion dollar plan...
Business
IMF sees bumper year for Arab oil producers, risk for others
The world's economy is forecast to grow around 3.6% this year, but Arab oil exporters are seeing a windfall from high energy prices...
Business
World Bank Projects Elevated Energy, Food Prices, Keeping Upward Pressure on Inflation
Global energy costs are expected to jump more than 50% this year, food prices to climb 22.9% In its latest Commodity Markets...
Business
Russia’s standing in G-20 not threatened by Ukraine invasion
Despite Russia's invasion of Ukraine, Moscow's membership in the Group of 20 remains firmly intactWASHINGTON -- The last time Russia invaded Ukraine, in...
Business
US to provide $500 million more in financial aid to Ukraine
The United States will provide $500 million more in financial assistance for Ukraine to sustain critical government operations as it fends off the...
Business
IMF, World Bank chiefs warn of debt squeeze in poor nations
The heads of the International Monetary Fund and the World Bank are warning that rising interest rates are squeezing the world's poorest countries...
Business
Yellen, Ukraine official walk out of Russia’s G-20 remarks
Treasury Secretary Janet Yellen and Ukraine's Finance Minister Serhiy Marchenko walked out of a Group of 20 meeting Wednesday as Russia's representative started...
Business
Global finance meeting focuses on war-driven food insecurity
The growing crisis over food insecurity and skyrocketing food prices is taking center stage as members of the International Monetary Fund and World...