Apr 16, 2013

World Bank pushes Asia stimulus end

Asia’s emerging economies should consider reining in monetary stimulus to curb the risks of asset bubbles and inflation as policy easing in developed nations, including Japan, spur capital inflows, the World Bank said. Demand-boosting measures that helped sustain growth “may now be counterproductive,” the ...

BRICS take shot at shattering predominance of World Bank, IMF

Mar 28, 2013

BRICS take shot at shattering predominance of World Bank, IMF

The world’s major developing nations are laying plans to combine their economic clout in a challenge to the role that U.S.- and European-led institutions such as the World Bank and International Monetary Fund play in global economic affairs. Meeting this week in Durban, South ...

Jan 17, 2013

World Bank cuts Japan estimate due to isle row

The World Bank announced it has slashed its economic growth forecast for Japan to 0.8 percent this year from an earlier estimate of 1.5 percent, due partly to the negative impact of Tokyo’s territorial dispute with Beijing. “In Japan, the current dispute with China ...