David Malpass

The World Bank’s board on Thursday approved creation of a fund meant to finance investments in strengthening the fight against pandemics. The fund will support prevention, preparedness and response (PPR), with a focus on low- and…

BENGALURU: Multilateralism has become more critical with the world undergoing a phase of exceptional uncertainty, finance minister Nirmala Sitharaman said during her meeting with the World Bank Group President David Malpass on…

<!-- -->World Bank has reduced its global growth forecast due to impact of Russia-Ukraine warThe World Bank is reducing its global growth forecast for 2022 by nearly a full percentage point, to 3.2 per cent from 4.1 per cent, due to…

WASHINGTON: The Russian war on Ukraine has set off a chain reaction in the global economy, pushing energy and food prices higher, exacerbating debt concerns and potentially worsening poverty and hunger, World Bank President David Malpass…

The World Bank has announced that it will stop all its programmes in Russia and Belarus with "immediate effect" in response to Moscow's military operations in Ukraine and "hostilities" against the people of the war-torn country. IMAGE: The…

The World Bank's fund to help the world's poorest nations got a $93 billion injection of cash to help scale up aid for pandemic recovery and other programs, the institution announced Wednesday.It was the biggest replenishment ever for the…

World Bank President David Malpass on Saturday congratulated India on a successful vaccination campaign against the Covid-19 pandemic as he met Finance Minister Nirmala Sitharaman and thanked her for India’s international role in…

The Indian economy that was hit hard by the COVID-19 pandemic is now in recovery mode and the World Bank welcomes that, its president David Malpass said on Wednesday. Malpass also said that India, which faces huge challenges of integrating…

Gross Domestic Product (GDP) in many emerging economies will return to pre-pandemic levels next year, while per capita income level in will take longer to recover, World Bank President David R. Malpass said on Monday.…

WASHINGTON : Weeks before the World Bank scrapped its flagship Doing Business rankings following a damning independent probe, a group of external advisers recommended an overhaul of the rankings to limit countries'…