World Bank

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China climbs on World Bank donor list as US drops to third place

China has broken Western dominance in the World Bank’s fund for poor countries IDA, climbing to No 6 among top donors. The United States drops to third spot while the Nordics, led by Sweden, largely hold...

News February 27, 2020

Norway should double support for World Bank’s IDA

Just before Christmas the World Bank wrapped up negotiations in Stockholm announcing a three-year financing...

Opinion Editorial December 30, 2019

Nordics scale up funding to World Bank’s USD 82b package for poor countries

World Bank donors agreed to a record funding package of grants and loans for poor countries at a gathering...

News December 16, 2019

World Bank chief David Malpass in Stockholm to finalise IDA negotiations

Donors and recipients are gathering in Stockholm this week to agree on a financing package worth over...

News December 12, 2019

Taking stock of the new MDBs

Two new multinational development banks were established in 2014-2015, the BRICS countries’ New Development...

Opinion Editorial November 29, 2019

Nordics await due diligence before deciding on David Malpass as World Bank President

All the five Nordic countries confirm to Development Today that they will not take a position on David...

News March 22, 2019

US nominee Malpass on track to become new World Bank President

David Malpass, 63, is on track to become the next President of the World Bank. As the deadline for nominations...

News March 15, 2019

Nordics pressed Trump’s candidate for World Bank Presidency on poverty focus

The Trump administration’s candidate for President of the World Bank David Malpass met with Nordic-Baltic...

News March 08, 2019

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Iceland’s ex-PM Geir Haarde seizes Nordic-Baltic top position at World Bank

The former Icelandic Prime Minister Geir H. Haarde, 67, assumes the position of the Nordic-Baltic countries...

News March 07, 2019

Bring China into the international financial system

Will China indebt the world? China has risen rapidly to become the world’s largest infrastructure creditor....

Opinion February 05, 2019