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15 Sep 2016

World Bank chief Jim Yong Kim heads for 2nd term as no other nominees

World Bank President Jim Yong Kim effectively won a second five-year term after nominations to lead the global development bank closed Wednesday with no other candidates proposed.

07 Apr 2015

World Bank welcomes China's new bank in poverty fight

China's new development bank can have an important role in fighting extreme poverty if it establishes high standards for its projects, World Bank President Jim Yong Kim said on Tuesday.

03 Mar 2015

Development bank EBRD to invest in Greece to 2020

The European Bank for Reconstruction and Development (EBRD) said Tuesday it would begin funding critically needed investment in cash-strapped Greece as Athens nears the end of a massive bailout programme.

17 Jul 2014

China picks site for BRICS bank: Reports

BRICS leaders agreed to put its headquarters in China`s commercial hub of Shanghai, which is seeking to become an international financial centre.

15 Jul 2014

BRICS to create development bank, `mini-IMF`

The summit will mark the first face-to-face meeting between India`s new Hindu nationalist Prime Minister Narendra Modi and Chinese President Xi Jiping.

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