World Bank says financial crisis could turn into calamity for many poor countriesWASHINGTON — The global financial crisis could become “a human and development calamity” for many poor countries, the World Bank said, urging donor nations to speed delivery of money they have pledged and consider giving more. World Bank: Nations should speed aid to poor countries hit by economic crisisWASHINGTON — The World Bank on Sunday urged donor nations to speed up delivery of the money they’ve already pledged — and to give even more — to help poor countries weather the steep global recession. World finance ministers focus on aid to poor nations reeling from economic crisisWASHINGTON — Reeling from a recession with roots in rich countries, the world’s poorest nations need a hand up without burdening them with debt or adding to the ranks of the impoverished, global finance officials said Sunday. Geithner: Global economic crisis threatens to reverse progress in lifting people from povertyWASHINGTON — The global economic crisis threatens to reverse gains in fighting poverty, so banks that provide aid to poor nations must embrace changes in their operations, Treasury Secretary Timothy Geithner said Sunday. Finance ministers see encouraging signs in global economy but remain wary of futureWASHINGTON — Finance ministers see signs the global economy is stabilizing but are cautioning it will take until the middle of next year for the world to emerge from the worst recession in decades. IMF head says it will sell bonds to raise funds, a victory for developing countriesWASHINGTON — The International Monetary Fund will sell bonds as a way to raise funds to lend to struggling nations, the head of the organization said Saturday, in a victory for developing countries. Geithner seeks more resources for IMF lending, as police use pepper spray on protestersWASHINGTON — As protesters clashed with police on Washington’s streets, Treasury Secretary Timothy Geithner urged world finance officials meeting near the White House on Saturday to ante up more to help countries wrung by the recession. Bickering among finance officials over how to provide more money for key lending institutionWASHINGTON — World finance officials are bickering over the best way to get the International Monetary Fund more money for its revitalized role in helping shore up capital-starved countries. Finance officials pledge aggressive efforts to battle global downturn but stumble over detailsWASHINGTON — Finance officials are pledging to keep the momentum going in their efforts to combat a severe global downturn but have hit a stumbling block in differences over how to boost the resources of the International Monetary Fund. Finance leaders pledge cooperation to end recession afflicting nations worldwideWASHINGTON — Finance officials from the world’s top economic powers pledged Friday to move swiftly on efforts to lift nations out of the worst recession since the 1930s. The major goal: Get banks in every country to start lending again. Finance leaders pledge cooperation to end recession afflicting nations worldwideWASHINGTON — Finance officials from the world’s top economic powers pledged Friday to move swiftly on efforts to lift nations out of the worst recession since the 1930s. The major goal: Get banks in every country to start lending again. Finance leaders pledge cooperation to lift world out of recessionWASHINGTON — Finance officials from the world’s top economic powers pledged to cooperate on efforts to lift the entire world out of the worst recession since the 1930s. The big goal: Get banks in every land to start lending again. Geithner outlining US efforts to fix banks in meetings with world finance ministersWASHINGTON — World economic officials urged Treasury Secretary Timothy Geithner on Friday to move quickly to remove distressed assets from U.S. bank books, saying that must happen before a global economic recovery can occur. Geithner to outline US efforts to fix banks in meetings with world finance ministersWASHINGTON — Treasury Secretary Timothy Geithner will outline the Obama administration’s effort to clean up U.S. bank balance sheets when he meets Friday with finance ministers from around the world — a recognition that fixing financial institutions and jump-starting lending is a precursor to a global economic recovery. World finance officials push ahead on plans to end recession; curb joblessness, povertyWASHINGTON — Treasury Secretary Timothy Geithner urged his global counterparts on Friday to keep up the momentum on efforts to lift the world out of the worst recession since the 1930s. The big goal: Get banks in every land to start lending again. Treasury Secretary Geithner to outline efforts to fix US banks in G-7 finance meetingsWASHINGTON — Treasury Secretary Timothy Geithner is expected to outline the Obama administration’s efforts to clean up the U.S. banking system during meetings Friday with finance ministers from the Group of Seven nations, a department official said. IMF, World Bank chiefs pledge new resources, say more must be done to battle global downturnWASHINGTON — The heads of the International Monetary Fund and World Bank on Thursday pledged new resources to fight the worst global downturn since the Great Depression, while warning that the crisis is far from over. World Bank boosts aid for infrastructure projects as finance officials battle global downturnWASHINGTON — The World Bank, seeking to bolster efforts to fight the worst global economic downturn since the Great Depression, said Thursday it would provide $45 billion over the next three years to support road building and other infrastructure projects in poor nations. World finance officials trying to resolve disputes over how to attack severe global downturnWASHINGTON — The World Bank, seeking to bolster efforts to fight the worst global economic downturn since the Great Depression, said Thursday it would provide $45 billion over the next three years to support road building and other infrastructure projects in poor nations. Global economy will shrink for ‘09, with deep job losses, IMF says, urging stimulus spendingWASHINGTON — The global economy is expected to lurch into reverse this year for the first time since World War II with appalling consequences for nations large and small — trillions of dollars in lost business, millions of people thrust into hunger and homelessness and crime on the rise. Global economy likely to shrink in ‘09, with deep job losses; IMF backs stimulus spendingWASHINGTON — The global economy is expected to lurch into reverse this year for the first time since World War II, with real-world consequences worldwide — trillions of dollars in lost business, surging unemployment and more people thrust into poverty, hunger and homelessness. Global economy likely to shrink 1.3 percent this year, IMF says; first drop in 60 yearsWASHINGTON — The world economy is likely to shrink this year for the first time in six decades. Global economy likely to shrink 1.3 percent this year, IMF says; first drop in 60 yearsWASHINGTON — The world economy is likely to shrink this year for the first time in six decades. |
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