Former Trump economic adviser begins World Bank presidency
David Malpass now oversees one of the most important international organizations set up after World War II.
The IMF is a cooperative institution of member countries that lends money to members having difficulties meeting financial obligations to other members. The loans are handed out on condition that economic reforms are undertaken to eliminate these difficulties for their own good and that of the entire membership.
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David Malpass now oversees one of the most important international organizations set up after World War II.
The biggest beneficiaries are likely to be the E.U., Mexico, Japan, Canada, South Korea, India, Australia and Brazil.
The German chancellor noted there's been a "certain amount of disquiet in the international system," a thinly veiled criticism of the U.S. under the Trump administration.
That updated forecast is down from the 3.7% growth rate from last year that had been expected to continue in 2019.
The global financial institution has acknowledged difficulties in assessing the problem among developing nations.
Not surprisingly, the patterns of American and European leadership have been an affront to non-Western nations.
The Financial Stability Board monitors and recommends ways of strengthening the world's financial architecture.
A new review of U.N. whistleblowing policies and practices by the U.N.'s Joint Inspection Unit showed little improvement from retaliation cases reported more than a decade earlier.
Beyond the repercussions in Washington and Beijing, international organizations said the tit-for-tat tariffs will undercut a broad array of global development efforts.
A U.S.-North Korea summit could expand a little-known aspect of a tightly controlled and secretive nation: North Korea's extensive involvement with international organizations.
The African Union's theme this year is "Winning the Fight Against Corruption: A Sustainable Path to Africa's Transformation," building on a previous initiative.