European leaders dealing with the sovereign debt crisis have done too little, too late, outgoing World Bank chief Robert Zoellick said, warning that Europe risks losing influence and developing nation

Three out of five people in developing countries lack effective social safety net coverage as they struggle to forge ahead through global financial volatility and food and fuel price hikes, the World

The US raced against time to nominate a top notch candidate for the World Bank presidency before Friday's deadline after developing countries ramped up the pressure by putting forward two credible

Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo are set to be nominated to lead the World Bank, sources with knowledge of emerging market effort

Heads of the two most powerful banking institutions globally, the World Bank and the IMF are likely to be in India later in March amid an ongoing search process to finalise the name of the next Wor

The world's major emerging economies on Sunday rejected the tradition that an American automatically is selected to head the World Bank and they will look at putting forward their own candidate for th

Seeking an end to US dominance on the World Bank, BRICS has said that the appointment of President of the multilateral agency should be based on merit and 'not on nationality'.

World Bank preside

The head of the World Bank said on Saturday it is right for the United States to take a leading role in some global institutions and that the right U.S. candidate for post of the bank's next president

Officials from top emerging market countries will discuss fledgling plans to set up a multilateral bank to fund projects in developing nations during upcoming Group of 20 meetings, a senior Brazilian

World Bank President Robert Zoellick has announced to step down from at the end of his five-year-term in June, giving rise to speculation that the Secretary of State, Hillary Clinton, may be headed to