Bank Archives - Page 2 of 2

World Bank chief Malpass announces early departure

·February 17, 2023·1 min read

David Malpass, a former senior United States’ Treasury official nominated by then President Donald Trump, served as chief of World Bank Group (WBG) since 2019. In a post on the social media platform LinkedIn, he said he intends to step down by June, one year before the end of his...

UN envoy ‘deeply alarmed’ over deaths of nine Palestinians in West Bank raid

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·January 27, 2023·1 min read

Tor Wennesland described the deaths – during an intense gun battle at a refugee camp in the city of Jenin – which included militants and reportedly, an elderly woman, as another “stark example” of the escalation in violence. The Israeli military said that troops were involved in an operation at...

World Bank: sharp, long-lasting slowdown to hit developing countries hard

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·January 11, 2023·2 min read

Globally, growth continues to slow sharply due to rising inflation and interest rates, reduced investment, and supply disruptions caused by Russia’s full-scale invasion of Ukraine. Any new adverse development could further push the global economy into recession, said the World Bank. This includes higher-than-expected inflation rates, abrupt rises in interest...

Israel and Palestine must take steps to ‘restore calm’ in occupied West Bank |

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·October 30, 2022·4 min read

Special Coordinator for the Middle East Peace Process, Tor Wennesland, was briefing the Security Council in the wake of escalating confrontations between Israeli security forces (ISF) and militants, culminating in a large ISF raid in Nablus early this week, which saw five Palestinians killed and 21 wounded. Calling on both...