David Malpass

American business magnate Warren Buffett predicts new bankruptcies of American banks. Economists at the International Monetary Fund (IMF) speak of superficial stability with turmoil already manifesting below the surface.

Ajay Banga, the American pick to lead the World Bank, was the only candidate nominated for the position, the bank confirmed on March 30, paving the way for his likely appointment in the coming months.

The World Bank is pausing talks over its future engagement with Tunisia following anti-immigrant comments made by the country's president, Kais Saied, according to an internal message to staff seen by AFP.

Bulgarian Prime Minister Kiril Petkov will pay a working visit to the United States. On May 9 and 10, Prime Minister Petkov will be in Washington, D.C.

Together with Petkov will be the Ministers of Energy Alexander Nikolov, the Ministers of Defense Dragomir Zakov, as well as the Deputy Minister of Foreign Affairs Velislava Petrova.

The meeting will discuss the conflict in Ukraine and potential options for helping that country, said the President of the World Bank, David Malpass.

After Microsoft announced it would spend tens of billions of dollars to buy a video game company, World Bank President David Malpass on Jan. 19 drew a contrast between the deal and the amount of money rich nations have pledged to help poor countries facing higher debt loads.

The Romanian economy is expected to grow 3.5 percent this year, after a contraction of 5 percent in 2020, and is next seen picking up to 4.1 percent in 2022, according to the World Bank's January 2021 Global Economic Prospects, the financial organization's latest report on the outlooks for the world economy.

The coronavirus pandemic could push as many as 60 million people into extreme poverty, the World Bank said on Tuesday.

The poor countries "will take the hardest hit, especially ones that were already heavily indebted before the crisis," said David Malpass, World Bank chief.

As the World Bank's board considers nominations for the institution's next president (Donald Trump is expected to nominate David Malpass, the US Treasury department's top official on international affairs), there are two critical ways he or she can make the bank more effective.