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(MENAFN) World Bank President, Robert Zoellick, said that worldwide economy is witnessing signs of recovery, but the process of recovery would be gradual and risky, Reuters reported. Full Article at Middle East North Africa Financial Network
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The Swiss franc is counted among the top-5 reserve currencies in the world, alongside the US-dollar, the Euro, the British pound, and the Japanese yen. Full Article at Safehaven
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Finance and trade ministers (BACK ROW, L-R) Ricardo Ochao of Mexico, China's Zhu Guangyao, Brunei's Pehin Dato Abd Rahman, Wayne Swan of Australia, Vietnam's Tran Xuan Ha, Robert B. Zoellick of World Bank, Thailand's Korn Chatikavanji, Malaysia's Ahmad... View Photo »
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Climate change exacerbates the difficulties that indigenous communities already face - including loss of land and resources, lower human development indicators, discrimination, unemployment, and economic and political marginalisation
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WASHINGTON — World Bank chief Robert Zoellick said Wednesday it was critical for indigenous people to be included in climate change talks, saying they were among groups most affected by global warming. Full Article at EcoEarth News
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World Bank Group President Robert B. Zoellick on 18 November opened a roundtable discussion on Indigenous Peoples and Climate Change by saying that Indigenous Peoples carry a "disproportionate share of the burden of climate change effects." Full Article at Uz Report
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(MENAFN) World Bank President Robert Zoellick said that the large-scale unemployment is expected to continue in some of the world's developed countries and would endanger the economic rebound, AP reported. Full Article at Middle East North Africa Financial Network
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Finance and trade ministers (BACK ROW, L-R) Ricardo Ochao of Mexico, China's Zhu Guangyao, Brunei's Pehin Dato Abd Rahman, Wayne Swan of Australia, Vietnam's Tran Xuan Ha, Robert B. Zoellick of World Bank, Thailand's Korn Chatikavanji, Malaysia's Ahmad... View Photo »
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Given liquidity in the international marketplace and given the pace of recovery in East Asia, you could start to see some asset bubbles
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The fact that World Bank President Robert Zoellick has said that China's yuan may become the global reserve currency over the next 15 years assumes significance not just for the world but also for India. Full Article at Economic Times
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The fact that World Bank President Robert Zoellick has said that China's yuan may become the global reserve currency over the next 15 years assumes significance not just for the world but also for India. Full Article at India eNews
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Finance and trade ministers (BACK ROW, L-R) Ricardo Ochao of Mexico, China's Zhu Guangyao, Brunei's Pehin Dato Abd Rahman, Wayne Swan of Australia, Vietnam's Tran Xuan Ha, Robert B. Zoellick of World Bank, Thailand's Korn Chatikavanji, Malaysia's Ahmad Husni, Japan's Shinichito Furumoto...
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Finance and trade ministers (BACK ROW, L-R) Ricardo Ochao of Mexico, China's Zhu Guangyao, Brunei's Pehin Dato Abd Rahman, Wayne Swan of Australia, Vietnam's Tran Xuan Ha, Robert B. Zoellick of World Bank, Thailand's Korn Chatikavanji, Malaysia's Ahmad Husni, Japan's Shinichito Furumoto...
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Finance and trade ministers (BACK ROW, L-R) Ricardo Ochao of Mexico, China's Zhu Guangyao, Brunei's Pehin Dato Abd Rahman, Wayne Swan of Australia, Vietnam's Tran Xuan Ha, Robert B. Zoellick of World Bank, Thailand's Korn Chatikavanji, Malaysia's Ahmad Husni, Japan's Shinichito Furumoto...
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Robert Zoellick (R), president of the World Bank, speaks while Richard Woolcott (L), former Australian secretary of foreign affairs and trade, listens at the APEC 20th anniversary high-level symposium on November 10, 2009 in Singapore.
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Robert Zoellick (R), president of the World Bank, speaks while Richard Woolcott (L), former Australian secretary of foreign affairs and trade, share a light moment during the APEC 20th anniversary high-level symposium on November 10, 2009 in Singapore.
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Robert Zoellick (R), president of the World Bank, speaks while Richard Woolcott (L), former Australian secretary of foreign affairs and trade, listens at the APEC 20th anniversary high-level symposium on November 10, 2009 in Singapore.
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Robert Zoellick (R), president of the World Bank, speaks while Richard Woolcott (L), former Australian secretary of foreign affairs and trade, share a light moment during the APEC 20th anniversary high-level symposium on November 10, 2009 in Singapore.
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ST ANDREWS, SCOTLAND - NOVEMBER 06: Robert Zoellick, World Bank President arrives back from jogging at a hotel in St. Andrews, where he is attending the G20 Finance Ministers meeting on November 6, 2009 in St Andrews, Scotland.
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ST ANDREWS, SCOTLAND - NOVEMBER 06: Robert Zoellick, World Bank President arrives back from jogging at a hotel in St. Andrews, where he is attending the G20 Finance Ministers meeting on November 6, 2009 in St Andrews, Scotland.
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ST ANDREWS, SCOTLAND - NOVEMBER 06: Robert Zoellick, World Bank President arrives back from jogging at a hotel in St. Andrews, where he is attending the G20 Finance Ministers meeting on November 6, 2009 in St Andrews, Scotland.
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ST ANDREWS, SCOTLAND - NOVEMBER 06: Robert Zoellick, World Bank President attends the G20 Finance Ministers meeting at a hotel in St. Andrews, on November 6, 2009 in St Andrews, Scotland.
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World Bank President Robert Zoellick looks on during a special events on the International Monetary Fund's release of the 2009 World Economic Outlook at the Istanbul Congress Center in Istanbul on October 2, 2009.
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WASHINGTON - SEPTEMBER 28: World Bank President Robert Zoellick speaks on global economic crisis at the Johns Hopkins University Paul H. Nitze School of Advanced International Studies (SAIS) September 28, 2009 in Washington, DC.
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WASHINGTON - SEPTEMBER 28: World Bank President Robert Zoellick speaks on global economic crisis at the Johns Hopkins University Paul H. Nitze School of Advanced International Studies (SAIS) September 28, 2009 in Washington, DC.
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WASHINGTON - SEPTEMBER 28: World Bank President Robert Zoellick speaks on global economic crisis at the Johns Hopkins University Paul H. Nitze School of Advanced International Studies (SAIS) September 28, 2009 in Washington, DC.
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WASHINGTON - SEPTEMBER 28: World Bank President Robert Zoellick speaks on global economic crisis at the Johns Hopkins University Paul H. Nitze School of Advanced International Studies (SAIS) September 28, 2009 in Washington, DC.
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WASHINGTON - SEPTEMBER 28: World Bank President Robert Zoellick speaks on global economic crisis at the Johns Hopkins University Paul H. Nitze School of Advanced International Studies (SAIS) September 28, 2009 in Washington, DC.
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WASHINGTON - SEPTEMBER 28: World Bank President Robert Zoellick speaks on global economic crisis at the Johns Hopkins University Paul H. Nitze School of Advanced International Studies (SAIS) September 28, 2009 in Washington, DC.
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WASHINGTON - SEPTEMBER 28: World Bank President Robert Zoellick speaks on global economic crisis at the Johns Hopkins University Paul H. Nitze School of Advanced International Studies (SAIS) September 28, 2009 in Washington, DC.
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WASHINGTON - SEPTEMBER 28: World Bank President Robert Zoellick speaks on global economic crisis at the Johns Hopkins University Paul H. Nitze School of Advanced International Studies (SAIS) September 28, 2009 in Washington, DC.
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US President Barack Obama (R) confers with World Bank President Robert Zoellick (L) prior to the start of the G20 dinner on September 24, 2009 in Pittsburgh, Pennsylvania.
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US President Barack Obama (R) welcomes World Bank President Robert Zoellick to the G20 dinner on September 24, 2009 in Pittsburgh, Pennsylvania.
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US President Barack Obama (R) confers with World Bank President Robert Zoellick (L) prior to the start of the G20 dinner on September 24, 2009 in Pittsburgh, Pennsylvania.
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Finance and trade ministers (BACK ROW, L-R) Ricardo Ochao of Mexico, China's Zhu Guangyao, Brunei's Pehin Dato Abd Rahman, Wayne Swan of Australia, Vietnam's Tran Xuan Ha, Robert B. Zoellick of World Bank, Thailand's Korn Chatikavanji, Malaysia's Ahmad Husni, Japan's Shinichito Furumoto...
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Climate change exacerbates the difficulties that indigenous communities already face - including loss of land and resources, lower human development indicators, discrimination, unemployment, and economic and political marginalisation
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Given liquidity in the international marketplace and given the pace of recovery in East Asia, you could start to see some asset bubbles
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If you look at the US stimulus programme and many of the stimulus packages, a lot of the money actually comes late in 2009, the start of 2010
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Protectionism is another major risk. By and large now it is a low-rate fever, it is not yet a full-blown influenza, but if you have large-scale unemployment, political leaders might be under pressure to do something
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If the Federal Reserve keeps interest rates low and they keep interest rates low you're going to see this danger I think increase in potential
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In East Asia, if you start to get a strong rebound in growth, and you've got a lot of liquidity, there is the question of whether one could start to face asset bubbles in particular markets
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Most of the focus coming out of Europe in this crisis is now focused on regulation, compensation, bonuses
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If developing countries are part of the solution, they must also be part of the conversation. The international system needs a World Bank Group that represents the international economic realities of the 21st Century, recognizes the role and responsibility of growing stakeholders, and provides a larger ...
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This is an important step forward in the first general capital increase for the World Bank in 20 years
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The future for the United States will depend on whether and how it will address large deficits, recover without inflation that could undermine its credit and currency, and overhaul its financial system.
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In the United States, it will be difficult to vest the independent and powerful technocrats at the Federal Reserve with more authority ... My reading of recent crisis management is that the Treasury Department needed greater authority to pull together a bevy of different regulators. Moreover, the Treasu...
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In the United States, it will be difficult to vest the independent and powerful technocrats at the Federal Reserve with more authority ... My reading of recent crisis management is that the Treasury Department needed greater authority to pull together a bevy of different regulators. Moreover, the Treasu...
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But the United States would be mistaken to take for granted the dollar’s place as the world’s predominant reserve currency ... Looking forward, there will increasingly be other options to the dollar.
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In the United States, it will be difficult to vest the independent and powerful technocrats at the Federal Reserve with more authority ... the Treasury is an executive department, and therefore Congress and the public can more directly oversee how it uses any added authority.
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China still faces big uncertainties in 2010
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Looking beyond, a more balanced and inclusive growth model for the world would benefit from multiple poles of growth ... With investments in infrastructure, people, and private businesses, countries in Latin America, Asia, and the broader Middle East could contribute to a 'New Normal' for the world econ...
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Congress felt surprised about the Federal Reserve’s authority to create funds, buy assets, devise global swap lines and make transactions outside the usual process for expending public monies.
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The U.S. Congress was surprised to learn of the scope of the Federal Reserve’s authority to create funds, buy assets, devise global swap lines and make transactions outside the usual process for expending public monies
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It will be difficult to vest the independent and powerful technocrats at the Federal Reserve with more authority. My reading of recent crisis management is that the Treasury Department needed greater authority to pull together a bevy of different regulators
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The United States would be mistaken to take for granted the dollar's place as the world's predominant reserve currency, Mr Zoellick said, in excerpts of a speech to be delivered later today. Looking forward, there will increasingly be other options to the dollar
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The United States would be mistaken to take for granted the dollar's place as the world's predominant reserve currency, Zoellick said, in excerpts of a speech to be delivered on Monday. Looking forward, there will increasingly be other options to the dollar
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Developing countries are disproportionately affected by climate change - a crisis that is not of their making and for which they are the least prepared
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