World Bank

Syria Is Burning, but Still a Better Place to Invest Than Greece

Syria's ongoing civil war has claimed more than 28,000 lives, left 1.5 million people homeless, and sent 500,000 Syrians into exile. But as far as CFOs are concerned, it's still a better place for foreign investment than debt-battered, austerity-riven Greece.

It's Time for a New Reserve Currency: Meet the Mondo

For a host of reasons, other countries would love to free their economies from the stranglehold of the U.S. dollar's influence, especially now, when the Fed's stimulus actions are pushing the dollar lower, and everything else higher. Global finance expert Peter Cohan has a simple answer: The Mondo.

Why Easing the Threat of Currency War Is So Difficult

Investors take note: Despite the calls for order, national policymakers are dealing with an increasingly haphazard scenario loaded with counterproductive results and unintended consequences. The result could be a slide toward protectionism.

Europe's Debt Crisis: Here We Go Again?

Europe's shakiest economies managed to ride out a sovereign debt crisis this spring with a lot of help from their more stable neighbors and the major central banks. But with global recovery faltering, the data coming out of Europe suggests we may soon see a replay of the debt default crisis.

Were the European Bank Stress Tests Too Easy?

Banking regulators tested the soundness of 91 European banks this week to see if they could withstand a financial crisis, and only seven failed to pass muster. But some analysts say the tests may have been too easy, and wonder what would happen if a real "worst-case scenario" hit.

The World Bank has banned British book publisher Macmillan from receiving any Bank-financed contracts between now and 2016, as a result of bribes Macmillan paid to secure a textbook deal in South Sudan.

China's Economy Expected to Grow 9.5% in 2010

China's economic growth is expected to accelerate to near double-digit levels this year, as exports recover and household consumption remains strong, according to the World Bank's quarterly assessment released Wednesday.

Foreign Firms Were Upbeat about Haiti Before Quake

Of the many ironies of last week's earthquake in Haiti, this one is the cruelest: In the months before the disaster, international officials believed the outlook for the Western Hemisphere's poorest country was starting to improve. U.S. and South Korean firms were considering expanding operations there.

Haiti Quake: First Seismic Aftershocks, Then Economic Ones

The 6.1 aftershock in Haiti on Wednesday underscores the multitude of challenges facing the country, where the International Monetary Fund estimates that the disaster could cost much more than the $900 million in damage from 2008's hurricanes.