World Bank’s Share Capital Now $13 billion World Bank shareholders have approved an increase in the bank’s lending capacity after the United States backed a reform package that curbs loans and charges more for higher income countries like China. World Bank President Jim Yong Kim said...

The President of the World Bank, Jim Yong Kim, has said that, based on estimates, automation will soon wipe out two-thirds of all jobs in developing countries. Kim said this while speaking at the 2017 World Bank Group/IMF Spring Meetings press conference yesterday. “We estimate that...

World Bank Group President Jim Yong Kim, has said that a package of $1.6bn is being arranged for Nigeria and four other countries in sub-Saharan Africa and Yemen to tackle the devastating levels of food insecurity. “We are working toward a financial package of more...

The World Bank Group President, Jim Yong Kim has outlined three fundamental pillars that will drive momentum toward achieving the organisation’s goals of ending extreme poverty by 2030 and boosting shared prosperity. “We will achieve these goals in three ways: One: accelerating inclusive and sustainable...

Too often, the conventional wisdom in diplomatic or scientific circles is that the general public doesn’t know what’s good for them when it comes to foreign policy or tackling global threats. It’s too complicated, the experts say; the public wouldn’t understand. Yet new polling...