Tag Archives: World Bank

World Bank President: ‘Without China, We’d Have No Chance To Even Think about Ending Extreme Poverty’

In what may well have been the only sane public comment uttered by participants in the just-concluded Oct. 7-9 IMF/World Bank meeting in Washington, D.C., World Bank President Jim Yong Kim responded as follows to a journalist’s question about the … Continue reading

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AIIB Chairman Explains the Bank’s New Approach to Lending

Jin Liqun, the chairman of the Asian Infrastructure Investment Bank, visited Brookings Institution in Washington on Oct. 21 to explain the importance of the AIIB’s new approach to development financing. Jin tried to put aside any misconceptions about the AIIB … Continue reading

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‘Geopolitical Market Panic’: An Example of the Many Sides of War

  The semi-annual report of the International Monetary Fund on the world economy, released for the Oct. 11-12 weekend’s IMF/World Bank meetings in Washington, appeared to set off strong stock and bond market gyrations (more down than up) from the … Continue reading

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A Life and Death Choice Between Two Systems

This week as the G-20 and the IMF/World Bank meet in Washington, D.C., the BRICS will be meeting on the sidelines to discuss further implementation of the BRICS New Development Bank, recently created in July at the BRICS summit in … Continue reading

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Argentine President To Be ‘Proactive’ in BRICS Discussions; Seek Support for Fight Against Vultures

During the July 16 meeting in Brasilia with members of the BRICS grouping and other Ibero-American governments, Argentine President Cristina Fernandez intends to be “proactive” in presenting Argentina’s case against the predatory vulture funds and seek a written statement of … Continue reading

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BRICS Summit to Establish Potential Rival to IMF and World Bank

At the Sixth Summit of BRICS (Brazil, Russia, India, China and South Africa) to be held July 14, 15 and 16 in Brazil, a new financial architecture is scheduled to be established. A monetary stabilization fund called Contingent Reserve Arrangement … Continue reading

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Robert Kahn, Council on Foreign Relation’s Counter to Sergei Glazyev, Screams: “Deleverage Russia!”

Council on Foreign Relations (CFR) Senior Fellow Robert Kahn expressed joy today about still-unconfirmed reports that the Obama Administration and Treasury Department Office of Foreign Asset Controls (OFAC) will impose new sanctions on April 28 against Russian government-owned Gazprombank and … Continue reading

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