World Bank to decentralize operations, shift regional VPs to overseas hubs
The World Bank said on Tuesday it will restructure its global operations by shifting its regional management teams from Washington to hub offices around the world, a move aimed at helping the bank ...
Devex2d
Devex Newswire: Would Trump pull the US out of the World Bank?
Would Trump risk reducing the U.S. influence in the World Bank by decreasing its shareholding? Plus, a glimpse at the dark ...
More than $50 billion needed to rebuild Gaza, World Bank joint assessment says
More than $50 billion will be required to rebuild Gaza after the 15-month Israel-Hamas conflict in the Palestinian enclave, ...
Uganda charges finance ministry officials with corruption, money laundering
A Ugandan court has charged eight finance ministry officials with corruption, electronic fraud and money laundering from a ...
New York Post22d
Ex-Commerce Secretary Wilbur Ross says World Bank should be key target for Elon Musk’s DOGE spending cuts
Former Commerce Secretary Wilbur Ross said Elon Musk’s Department of Government Efficiency — the cost-slashing body known as DOGE — should train its sights on the World Bank after it was ...
The New York Times24d
Inside a New Plan to Bring Electricity to 300 Million in Africa
if only because the United States is the World Bank’s biggest contributor and holds outsize sway over who runs the institution. For now, the bank has enough money in its development aid pot to ...