World Bank Chief Executive Officer arrives in Bangladesh tomorrow

Dhaka, July 10 (IBNS): The World Bank’s Chief Executive Officer Kristalina Georgieva arrives in Dhaka tomorrow on her first visit to Bangladesh.

World Bank President steps down, Chief Executive assumes temporary role

New York, Jan 8 (IBNS): The President of the World Bank, Jim Yong Kim, announced on Monday that he is stepping down, after more than six years in the role. Kristalina Georgieva, CEO of the World Bank CEO, will assume the role of interim President, from 1 February.

Overseas investment falling, developing countries largely unscathed: UN trade agency

New York, Oct 16 (IBNS): Foreign direct investment (FDI) has dropped 40 per cent year-on-year so far, the UN Conference on Trade and Development (UNCTAD) said on Monday, but the $470 million decline is happening mainly in wealthy, industrialized nations, especially in North America and Western Europe.

Multilateral trade challenged by ‘increasingly unilateral trade measures,’ UN forum hears

New York, July 20 (IBNS): Despite the improved economic growth, risks to the economic outlook are rising, the United Nations economic and social affairs chief said on Thursday, warning against “increasingly unilateral trade measures” that are challenging the multilateral trading system.

UN chief applauds Bangladesh for ‘opening borders’ to Rohingya refugees in need

New York, July 2 (IBNS): United Nations Secretary-General António Guterres has applauded Bangladesh for giving a safe haven to hundreds of thousands of Rohingya refugees driven from their homes in Myanmar by systematic and widespread violence.

UN-World Bank panel calls for ‘fundamental shift’ in water management

New York, Mar 15 (JEN): With 700 million people worldwide at risk of being displaced by intense water scarcity by 2030, water infrastructure investment must be at least doubled over the next five years, a panel set up by the United Nations and the World Bank recommended on Wednesday.