development banking

By DAVID McHUGH - AP Business Writer BERLIN (AP) — It is time for China to move away from massive lockdowns and toward a more targeted approach to COVID-19, the head of the International Monetary Fund…

By DAVID McHUGH - AP Business Writer BERLIN (AP) — It is time for China to move away from massive lockdowns and toward a more targeted approach to COVID-19, the head of the International Monetary Fund…

AP NEW YORK (AP) — Latin American governments on Sunday selected Brazilian economist Ilan Goldfajn to lead the region's largest development bank in the wake of a misconduct probe that led to the firing…

By PAUL WISEMAN - AP Economics Writer WASHINGTON (AP) — The managing director of the International Monetary Fund urged global policymakers to prevent inflation from becoming “a runaway train'' at a time…

By PAUL WISEMAN and FATIMA HUSSEIN - Associated Press WASHINGTON (AP) — The International Monetary Fund is downgrading its outlook for the world economy for 2023, citing a long list of threats that…

By JOSHUA GOODMAN - Associated Press MIAMI (AP) — Governors of the Inter-American Development Bank have voted to fire its president, Mauricio Claver-Carone, after an ethics probe found he likely carried…

By AYA BATRAWY - AP Business Writer DUBAI, United Arab Emirates (AP) — Stores are selling winter clothes from last season in the middle of summer. Repair shops lack spare parts for appliances. There's a…

By AYA BATRAWY - Associated Press DUBAI, United Arab Emirates (AP) — Stores are selling winter clothes from last season in the middle of summer. Repair shops lack spare parts for appliances. There's a…

By KRISHAN FRANCIS and ELAINE KURTENBACH - Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s prime minister said late last month that the island nation’s debt-laden economy had “collapsed” as it…

By ELAINE KURTENBACH - AP Business Writer BANGKOK (AP) — Sri Lanka is desperate for help with weathering its worst crisis in recent memory. Its schools are closed for lack of fuel to get kids and…