World Bank – Page 8

Credibility Questions Dog World Bank President at Climate Summit

David Malpass has faced continuing criticism from those who question his commitment to climate action as well as the bank’s track record.

Perhaps the best-known ecological economist, he faulted his mainstream peers for failing to account for the environmental harm growth can bring.

The chaos that’s engulfed the economy is driven by a seismic shift toward a better balance between the global and the local.

The I.M.F. lowered its growth outlook for 2023 and suggested interest rate hikes could spur a harsh global recession.

The lender of choice for many nations over the past decade, Beijing now has the power to cut them off, lend more or forgive some of their debts.