IMF chief warns of the impacts of the world divided into different geopolitical camps on economic

 IMF Managing Director Kristalina Georgieva cautioned that a more fragile global economy will bring slower growth and greater financial fragility as the world continues to grapple with high inflation. 

Malpass expressed his concern about the Chinese loans gives to Africa.

World Bank President David Malpass has expressed concern about some of the loans China gives to developing economies in Africa.

USA chooses Ajay Banga as the president of the World Bank

On Thursday, US President Joe Biden put the name of Ajay Banga, the former CEO of Mastercard, to be the president of the World Bank with an eye towards focusing on climate at the international agency.

World Bank vows to step up support for long-term development agendas in Africa

The World Bank has vowed to step up its support to African countries with a special focus on their long-term development agendas, a senior official of the bank has said.