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Search resuls for: "Valerie Volcovici Andrea Shalal"


2 mentions found


☆ Analysis: Incoming World Bank chief faces tests before he gets to climate
  + stars: | 2023-02-25 | by ( Valerie Volcovici Andrea Shalal | Valerie Volcovici | Andrea Shalal | ) www.reuters.com   time to read: +5 min
The key to it all, of course, is money, and as organized and funded now, the World Bank would be stretched to meet those goals. He also serves on the advisory board of Beyond Net Zero, a climate finance fund. This will be especially difficult for the World Bank's top shareholder, the United States, due to political brawling between the Biden administration and the Republican-majority House of Representatives. The House has major sway over the country's purse strings and its leaders are not disposed to widen the World Bank's role in fighting climate change. In fiscal 2022, the World Bank committed more than $104 billion to projects around the globe, according to the bank's annual report.
☆ Factbox: Who could replace World Bank President David Malpass?
  + stars: | 2023-02-15 | by ( Valerie Volcovici Andrea Shalal David Lawder | Valerie Volcovici | Andrea Shalal | ) www.reuters.com   time to read: +2 min
[1/5] David Malpass, president of the World Bank Group, arrives for a meeting with Japan's Prime Minister Fumio Kishida (not in picture) at Kishida's official residence in Tokyo, Japan September 13, 2022. REUTERS/Issei Kato/PoolWASHINGTON, Feb 15 (Reuters) - David Malpass, president of the World Bank, unexpectedly said he would resign in June on Wednesday, leaving open a job that oversees billions of dollars of funding and has a direct impact on poverty, climate change preparation, emergency aid and other issues in developing countries around the globe. RAJIV SHAShah is the former USAID administrator under Obama and currently president of the Rockefeller Foundation, a philanthropic group that says it aims to "promote the well-being of humanity throughout the world." The foundation recently partnered with the U.S. State Department on a carbon offset program at COP27, the international climate conference. MINOUCHE SHAFIKShafik is an Egypt-born, British American economist who is currently president of the London School of Economics and has served as deputy governor of the Bank of England and deputy managing director of the IMF.
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