- November 19, 2012
Politicians need to get their act together on climate change, says Chancellor Angela Merkel's leading climate advisor Hans Joachim Schellnhuber just days before the global warming conference in Qatar. The World Bank agrees, releasing a report on Monday highlighting the serious consequences that await should global temperatures continue rising unchecked. more...
- June 18, 2012
World Bank President Robert Zoellick believes Europe needs to be more decisive in its response to the euro crisis. In an interview with SPIEGEL, he speaks of his sympathy for German reluctance to bail out its neighbors and explains why Chancellor Angela Merkel needs to take the lead. more...
- February 28, 2012
Traditionally, the US gets to appoint the president of the World Bank. But China is keen to make its influence felt in the search for a successor to Robert Zoellick, who will step down in June. The next head may still be American, but he or she will need to get Beijing's blessing. more... [ Comment ]
- July 04, 2008
An internal report put together by the World Bank and leaked to the Guardian claims that biofuels may be responsible for up to 75 percent of recent rises in food prices. Even environmental groups haven't gone that far in their estimates. more...
- April 10, 2008
Gunfire in Haiti. Riots in Cameroon. A government crisis in the Philippines. The effects of skyrocketing food prices have reached every corner of the globe. Now, the World Bank has called for world leaders to take action before it is too late. more...
- July 04, 2007
China forced the World Bank to remove damning statistics from a pollution report, the Financial Times has revealed. Among the information cut was the figure that around 750,000 people die in China each year because of pollution. more...
- July 02, 2007
First it was German prosecutors. But now, the World Bank is taking a closer look at Siemens due to suspicions that the engineering giant may have lined its pockets on a major power plant project in Pakistan. The company could be black listed. more...
- May 30, 2007
Robert Zoellick has been designated the new president of the World Bank following Paul Wolfowitz's departure. Many Germans remember him as the likeable mediator who helped bring about German reunification. But Zoellick's maxim is still "America first." more...
- May 18, 2007
His bow from the bank will clear the way for a more credible and efficient president, say his critics. But his defenders gave him credit for fighting corruption. more...
- May 17, 2007
The pressure to resign has been growing for weeks. But so far, World Bank President Paul D. Wolfowitz has held on to his post despite accusations of improprieties. Now, the end may be near. more...