IMF predicts hit to global GDP from tariffs
The IMF said tariffs imposed or threatened by the U.S. and China could reduce global economic output by 0.8% in 2020 and cause more losses later.
World Bank Group
Founded in 1944, the Washington-based World Bank Group provides financial and technical assistance to developing countries around the world. Its mission is to fight poverty and to help people help themselves and their environment.
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CITES tightens rules to protect wildlife trade on dozens of species
The summit is held once every three years to examine protections for wild animals and plants traded internationally.
Facebook money and organization planned around digital currency
The social network's proposed Libra cryptocurrency is to be managed by a new Libra Association in Geneva.
Queen reminds Trump of the importance of multilateral virtues
At a carefully staged visit, the British monarch touting the multilateral institutions that Britain and the U.S. helped to create after World War II — to prevent a third one.
China tries to ease debt trap worries about its 'Belt and Road' program
Despite fears about being weighed down with too much debt, developing nations embraced the infusion of Chinese cash.
Ivanka Trump says she declined chance at World Bank presidency
The president's eldest daughter said in an interview that her father had asked her if she would be interested in the job.
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.
Organizations lose 46 staff in Ethiopian Airlines jet crash
The U.N. reported losing 21 staff who worked for its agencies; other international organizations reported losing 25 staff.
Ruling in IFC pollution case cracks U.S. immunity of organizations
Villagers near a power plant in Gujarat, India, held the International Finance Corporation accountable for pollution that damaged their fishing and farming livelihoods.
U.N. expert group warns of risk to data-carrying underwater cables
Data worth an estimated US$10 trillion — equal to twice Japan's GDP — moves through underwater cables every day.
Big pharma wants universal health coverage for 'sustainable funding'
The global trade federation IFPMA joined a chorus of voices saying health spending is a critical investment, not just a cost.
Merkel says a world without multilateralism will 'end in misery'
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.
IMF forecasts a modest slowdown in the global growth rate to 3.5%
That updated forecast is down from the 3.7% growth rate from last year that had been expected to continue in 2019.
IMF is wary of governments piling up unsustainable levels of debt
The global financial institution has acknowledged difficulties in assessing the problem among developing nations.
UNAIDS and Global Fund plan multibillion-dollar scaleups
The two organizations say far more global funding is needed to end HIV, tuberculosis and malaria epidemics by 2030.
World Bank's turnover at the top tests the politics of international aid
Not surprisingly, the patterns of American and European leadership have been an affront to non-Western nations.