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World Bank’s new boss must push ahead on reforms, fight poverty-French minister
By David Lawder WASHINGTON (Reuters) – France’s development minister said on Thursday she will tell the World Bank’s expected next president, Ajay Banga, to maintain the bank’s anti-poverty mission while forging ahead with next steps by October in its evolution to fight climate change and other global crises. Chrysoula Zacharopoulou told Reuters in an interview that she wants Banga, the former CEO of Mastercard, to use an international finance summit in Paris to develop ideas and plans for expanding climate finance and harnessing private sector funds. Zacharopoulou, a Greek-born gynecologist and former European Parliament member who was appointed France’s Minister of State for Development, Francophonie and International Partnerships 11 months…
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Yellen pushes for ‘bold action,’ more reforms at World Bank this year
WASHINGTON, April 12 (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday called for the World Bank to implement further reforms this year to expand its ability to help developing countries meet global challenges such as climate change. Yellen hosted talks with global finance officials to discuss an initial spate of balance sheet changes that will allow the World Bank to lend an additional $50 billion over 10 years while maintaining its top-tier AAA credit rating, and how to deepen those efforts with it and other multilateral development banks. Yellen said the changes already approved had sharpened the mission of the World Bank to ensure it was striving to end…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/NCNLNTBOVRMCTDISZ326UCNYFM.jpg "Pakistan’s finance minister opposes snap polls mandated by top court")
/cloudfront-us-east-2.images.arcpublishing.com/reuters/JBZ2QI55P5M47LZ3YEUPRKEE4I.jpg "Yellen pushes for ‘bold action,’ more reforms at World Bank this year")
