[ad_1] Leslie Maasdorp, Vice President and chief financial officer (CFO) of New Development Bank (NDB), speaks during an interview with Reuters at the bank’s headquarters in Shanghai, China July 10,…
Tag: DEVFIN
‘BRICS bank’ looks to local currencies as Russia sanctions bite
[ad_1] NDB must do more in local currency -South Africa finmin ‘No parallel universe’ to dollar -NDB CFO Dollar borrowing costs have spiked Bank wooing new members to shore up…
World Bank must drive private investment in climate transition, new chief says
[ad_1] WASHINGTON, June 11 (Reuters) – The World Bank must use “informed risk-taking” to encourage private investors to get more engaged in helping developing countries deal with climate change and…
World Bank launches more robust, transparent business climate rankings
[ad_1] WASHINGTON, May 1 (Reuters) – The World Bank on Monday unveiled new methodology and improved safeguards for assessing the business climate in up to 180 countries after embarrassing revelations…
World Bank’s new boss must push ahead on reforms, fight poverty-French minister
[ad_1] WASHINGTON, April 13 (Reuters) – France’s development minister said on Thursday she will tell the World Bank’s expected next president, Ajay Banga, to maintain the bank’s anti-poverty mission while…
Exclusive: To measure progress on sovereign debt, look to actual deals -World Bank’s Malpass
[ad_1] WASHINGTON, April 13 (Reuters) – World Bank President David Malpass on Thursday said progress on sovereign debt issues would be measured by actual restructuring deals being agreed for Ghana,…
Yellen to push for ‘speedy’ action on debt relief for Zambia, Ghana
[ad_1] WASHINGTON, April 10 (Reuters) – U.S. Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Zambia and Ghana for restructuring of their sovereign debts,…
Yellen to push next steps for development bank evolution at spring meetings
[ad_1] WASHINGTON, April 10 (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday will host a roundtable discussion on further steps to evolve the World Bank and other development lenders…
IMF chief says Europe can avoid debt crisis, hard to think of Bitcoin as money
[ad_1] WASHINGTON, Oct 5 (Reuters) – Medium-term fiscal consolidation and growth will put Europe on a sound footing to avoid another sovereign debt crisis despite rising debt levels caused by…
Half a trillion in debt haircuts essential for sustainability – study
[ad_1] LONDON, April 6 (Reuters) – Up to half a trillion dollars in debt needs to be written off to help developing nations at greatest risk of default return to…