New World Bank chief to kick off global tour FMTNews FMTBusiness
World Bank Group president Ajay Banga will visit countries in every region where the global lender operates.
Banga also will work to “reimagine strategic partnerships” with other multilateral lenders and development organisations and will be joined on the Peru and Jamaica leg by Inter-American Development Bank president Ilan Golfajn. US Treasury secretary Janet Yellen last week urged Banga to “get the most” out of the World Bank’s balance sheet and mobilise more private capital to finance the transition to clean energy for developing countries – an effort that will require trillions of dollars in new investment annually.
Banga also said the bank needed to slash the approval time for financing projects, which currently can take up to three years. He said this situation costs countries valuable development years and contributes to a “trust deficit” in the institution.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MST Golf inks IPO underwriting deal with RHB Investment BankGolf retail chain’s IPO entails an offering of 228 million shares, with 49.4 million issue shares for the public.
Read more »
Bank Muamalat records PBZT of RM306.7mil for FY22KUALA LUMPUR: Bank Muamalat Malaysia Bhd registered a profit before zakat and taxation (PBZT) of RM306.7 million for the financial year ending Dec 31, 2022 (FY2022).
Read more »
Woman loses RM132,860 in online used car scam | The Malaysian InsightVictim made 25 payments to six bank accounts, police say.
Read more »
UBS delays results over Credit Suisse merger | The Malaysian InsightSwiss bank to announce Q2 figures on August 31.
Read more »
Ringgit dibuka lemah, RM4.60 berbanding dolar AS | The Malaysian InsightPeniaga menjangkakan langkah bank-bank pusat global terhadap kenaikan kadar faedah nampaknya masih belum berakhir, kata penganalisis.
Read more »
India holds interest rates as inflation eases | The Malaysian InsightHowever, central bank warns of uncertain global outlook.
Read more »