Donald Trump’s Tax Cuts Could/Will Jump-Start Global Economy

Donald Trump’s Tax Cuts Could/Will Jump-Start Global Economy

Donald Trump’s Tax Cuts Could/Will Jump-Start Global Economy US President Elect Donald Trump’s tax cuts and spending plans could deliver a strong shot in the arm to the US economy, lifting growth around the world, although uncertainty about his trade policies adds to the risks, that according to the World Bank (WB). The Trump Admin […]

Asian Regional Cooperation Fuels Growth Momentum

Asian Regional Cooperation Fuels Growth Momentum

Asian Regional Cooperation Fuels Growth Momentum Financial cooperation will bring new growth momentum to Asian countries, given that although there have been visible outcomes in this field, the scale is somewhat limited. “The low-hanging fruit has already been picked in Asian regional cooperation after years of development,” said China’s Vice Finance Minister Shi Yaobin at […]

Agro-Ecology: the Secret to Feeding the World Real Food

Agro-Ecology: the Secret to Feeding the World Real Food

Agro-Ecology: the Secret to Feeding the World Real Food A team of 900 scientists funded by the World Bank (WB) and United Nations (UN) determined that the use of GE (genetically engineered) crops is not a meaningful solution to the complex situation of world hunger. The scientists suggested that “agro-ecological” methods would provide the most […]

IMF Calls National Trade Barriers ‘Economic Malpractice’

IMF Calls National Trade Barriers ‘Economic Malpractice’

IMF Calls National Trade Barriers ‘Economic Malpractice’ Wednesday, International Monetary Fund (IMF) Managing Director Christine Lagarde said the institution would lower its Y 2016 US growth forecast again and called policies that restrict trade “economic malpractice” that would inhibit growth. Ms. Lagarde, in prepared remarks at Northwestern University ahead of next week’s IMF and World […]

ADB backs China’s “Belt and Road Initiative” in Central Asia

ADB backs China’s “Belt and Road Initiative” in Central Asia

ADB backs China’s “Belt and Road Initiative” in Central Asia The Asian Development Bank (ADB) supports China’s Belt and Road initiative in Central Asia, as both sides have the common goal to promote regional cooperation and integration. Zhang Wencai, ADB Vice President for Central and West Asia and South Asia Operations, made the remark during […]

The WB and BRICS’ NDB Bank Align for Expanded Development

The WB and BRICS’ NDB Bank Align for Expanded Development

The WB and BRICS’ NDB Bank Align for Expanded Development Friday, the World Bank Group and the New Development Bank (NDB) set up by the BRICS nations signed a MOU (memorandum of understanding) to strengthen their cooperation in addressing global infrastructure needs. The memorandum, signed by World Bank Group President Jim Yong Kim and NDB […]

Business 20 Summit Promotes Green Finance

Business 20 Summit Promotes Green Finance

Business 20 Summit Promotes Green Finance The Business 20 (B20) Summit, which was attended by business leaders and officials including those from the Group of 20 (G20) economies, came to an end Sunday with many consensuses and results, especially a policy recommendation report. The 2-day event, which was scheduled Saturday and Sunday ahead of the […]

WB Issues “Mulan Bonds” in China, Issue Oversubscribed

WB Issues “Mulan Bonds” in China, Issue Oversubscribed

WB Issues “Mulan Bonds” in China, Issue Oversubscribed The World Bank (WB) Wednesday issued landmark bonds denominated in special drawing rights (SDR) in China’s interbank market. The 3-year SDR bonds worth SDR 500-M SDR (US$700-M) were billed as “Mulan bonds.” China’s RMB Yuan, or renminbi, will be used as the settlement currency. It is the […]

World Bank to issue SDR Bonds in China

World Bank to issue SDR Bonds in China

World Bank to Issue SDR Bonds in China China’s central bank (PBOC) said Friday that it allowed a division of the World Bank (WB) to issue bonds denominated in special drawing rights (SDR) in the country’s interbank bond market. The International Bank for Reconstruction and Development was approved to issue bonds worth 2 billion SDR […]

China Led AIIB, a New Multi-National Development Bank Meeting Expections

China Led AIIB, a New Multi-National Development Bank Meeting Expections

China Led AIIB, a New Multi-National Development Bank Meeting Expections Details of the operation and philosophy of the Asian Infrastructure Investment Bank (AIIB) show that it is meeting expectations to lead development cooperation as a new type of multilateral financial institution. Addressing the AIIB Board of Governors Saturday, the bank’s President Jin Liqun said that […]