World Bank and IMF accent island nations
The World Bank and IMF opened fall meetings to survey a slowing world economy, U.S.-China trade war and urgent climate threats to small island nations.
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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Georgieva starts in new post as IMF chief
Bulgarian economist Kristalina Georgieva took over as IMF chief, signaling her five-year term will champion empowering women and fighting climate change.
AfDB to end financing for fossil fuel energy
The African Development Bank Group will no longer support "19th century technologies" like coal and oil and will help create the world's largest "solar zone."
U.N. seeks carbon neutral planet by 2050
Some 40% of the U.N.'s 193 member nations committed to achieving carbon neutrality by 2050, and nearly the same amount vowed to do more by 2020.
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.
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
The British monarch touted global institutions the U.K. and U.S. helped 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 $10 trillion — equal to twice Japan's GDP — moves through underwater cables every day.
Big pharma wants universal health coverage as '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'
Germany's chancellor noted some 'disquiet in the international system,' referencing the Trump administration.