World Bank
  • DURBAN, South Africa (AP) — Leaders of the five BRICS nations fueling global economic growth agreed Wednesday to create a development bank to help fund their $4.5 trillion infrastructure plans — a direct challenge to the World Bank that they accuse of Western bias.

    But the countries were unable to agree on some basic issues. Foreign Minister Pravin Gordhan of South Africa told reporters that there were "different views" about how much capital such a bank would need.

    LAST UPDATE : Mar 27, 2013, 1:02 PM EDT
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  • Long-awaited deal allows Myanmar to clear part of its huge decades-old foreign debt and opens door for new much-needed lending to jumpstart its lagging economy.

    LAST UPDATE : Jan 28, 2013, 12:38 AM EST
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  • Zimbabwe's official statistics agency says the nation's population rose to 12.9 million in the past decade but the annual growth rate declined to a low of 1.1 percent.

    LAST UPDATE : Dec 19, 2012, 5:42 AM EST
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  • Finance ministers and central bank governors from the world's leading economies met in Mexico amid growing fears over the global impact of Europe's debt crisis and the stalemate over a fiscal plan in the United States.

    LAST UPDATE : Jul 18, 2013, 5:21 PM EDT
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