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In a Shift, the World Bank’s Next Likely President Is Facing 2 Rivals

From left, Brendan Smialowski/AFP-Getty; Siphiwe Sibeko/Reuters; David Mercado/Reuters From left, Jim Yong Kim of Dartmouth College, expected to head the bank; Ngozi Okonjo-Iweala, Nigeria's finance minister; and José Antonio Ocampo, the former Colombian finance minister. By ANNIE LOWREY WASHINGTON — For the first time, the World Bank is considering more than one candidate for its […]

(Reuters) – The World Bank on Friday canceled a $1.2 billion credit for a Bangladesh bridge project with immediate effect, saying it had “credible evidence” of a high-level corruption conspiracy among Bangladeshi government officials. “In light of the inadequate response by the government of Bangladesh, the World Bank has decided to cancel its $1.2 billion […]

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Jim Yong Kim to Be Named to World Bank Post

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By SUDEEP REDDY WASHINGTON—The Obama administration on Friday will nominate Dartmouth College President Jim Yong Kim to lead the World Bank, choosing a global-health expert to head the development institution. Dr. Kim, an American physician who was born in South Korea and raised in Iowa, is a surprise pick for a job that has usually […]

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WB turns back on funding Siddhirganj power projectAdvises govt to arrange $194m from alternative sources

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            Shamim Jahangir The World Bank has backtracked from its commitment of 100 percent financial support for implementing the 335MW Siddhirganj combined cycle power project proposed to be commissioned within 30 months of signing of the deal. “In a letter on 12 January, the World Bank advised the Electricity Generation Company of […]

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By Nazmus Saquib Prime Minister Sheikh Hasina who is widely known for her alleged role in removing Muhammad Yunus from his position as chief executive of Grameen Bank, is now proposing for him to take over as head of Washington-based World Bank. She made the proposal at a meeting with a delegation of European MPs […]

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