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David Malpass, President Donald Trump's expected pick to head the World Bank, has been a major player in trade talks with the Chinese. | Jacquelyn Martin/AP Photo

Trump picks World Bank critic Malpass to lead institution

President Donald Trump is expected to tap Treasury Department official David Malpass as the U.S. pick to lead the World Bank, according to senior administration officials, a clear sign the administration wants to rein in the international financial institution.

Amena Yahia Ahmed Dwally, technical manager for Solar Power Station, and Huda Salah, finance manager for Solar Power Station in Abs, Yemen. Photo by: Social Development Foundation

Solar power sales help women avoid food insecurity in Yemen

WASHINGTON — Solar panels are providing women in Yemen access to energy and a way to escape famine conditions that continue to threaten the country.

The city skyline seen through the Dubai Frame architectural landmark in Dubai, United Arab Emirates. Photographer: Christopher Pike/Bloomberg

U.A.E. Economy Starting to Recover From Lower Oil, IMF Says

View shows the African Development Bank in Abidjan. Photo by: REUTERS / Luc Gnago

Africa's 2019 economic outlook, according to AfDB

ABIDJAN — In recent years, African heads of state have frequently broadcast to the world that their continent is “open for business.” It has attracted more than $95 billion in foreign direct investment over the past two years.

President Trump meeting with Republican members of Congress last week at the White House.CreditCreditDoug Mills/The New York Times

Trade Talks With China Open in Washington, as Obstacles Abound

Top officials from the United States and China will sit down in the Eisenhower Executive Office Building on Wednesday for two days of face-to-face trade talks that could prove critical to the trajectory of the world economy.

Negotiations to end a monthslong trade war between the world’s two largest economies will be led by Robert Lighthizer, the United States trade representative, and Liu He, China’s vice premier. President Trump plans to meet with Mr. Liu at the conclusion of the talks on Thursday.

AIIB chief Jin Liqun says the bank has started lending to China, but intends to limit exposure to10% of its total portfolio © Bloomberg

China ‘rebalances’ overseas lending on debt burden concerns

China is “rebalancing” its overseas lending practices in the face of mounting concerns over the debt burdens of developing countries, the head of the Asian Infrastructure Investment Bank told the Financial Times on Tuesday. 

Infrastructure investment in Asia’s largest developing countries fell in 2017 and 2018, amid a deleveraging campaign in China and deepening concern over the fiscal impact of Chinese-backed mega projects on their host countries. 


Greece plots return to debt market with new bond issue

Greece plans to tap the international bond market for the first time since emerging last August from its third bailout programme, it was announced on Monday. The country revealed plans to issue a five-year syndicated bond following a sharp fall in yields on the country’s debt.

The bullish performance has come after the minority Syriza government ratified a deal to change Macedonia’s name, ending a 28-year dispute with its Balkan neighbour.

A conversation on humanitarian investing with ICRC President Peter Maurer, ECHO Director-General Monique Pariat, United Nations humanitarian chief Mark Lowcock, IKEA Foundation CEO Per Heggenes, and moderated by Devex President and Editor-in-Chief Raj Kumar during the World Economic Forum in Davos. Photo by: Kate Midden

Humanitarian investing gathers speed at Davos

DAVOS, Switzerland — Finding ways to channel more private investment into humanitarian settings was a hot topic this year at Davos — the World Economic Forum’s 48th annual meeting in Switzerland — which included the tentative launch of a development impact bond to create jobs for Syrian refugees.

Juan Guaidó

Juan Guaidó wins diplomatic recognition as Venezuela’s president

The crowd urged him on. “Swear in! Swear in!” they chanted. And then he did. Juan Guaidó, the gangly 35-year-old politician—unknown to most Venezuelans a month ago—raised his right hand and declared himself acting president of the republic. Tens of thousands of people, gathered in Caracas on January 23rd as part of a national demonstration against the disastrous regime of Nicolás Maduro, now deemed a usurper, let out a raucous cheer.

Graphs and charts. Photo by: Lukas / CC0

3 key development finance trends to watch

PARIS — Even before the Sustainable Development Goals passed, it was clear that the private sector and private finance would be critical to achieving the ambitious objectives. But the conversation has evolved significantly since then — raising questions and creating new challenges.