World Bank Group

World Bank's ex-CEO Kristalina Georgieva Accused on Exerting Pressure on Bank's staff to Boost China's Ranking in "Doing Business 2018" Report

World Bank leaders, including then-Chief Executive Kristalina Georgieva, applied "undue pressure" on staff to boost China's ranking in the bank's "Doing Business 2018" report, according to an independent investigation released Thursday.

President Iohannis welcomes World Bank Chief Executive Georgieva

President Klaus Iohannis welcomed World Bank Chief Executive Officer (CEO) Kristalina Georgieva at the Cotroceni Presidential Palace on Wednesday, with the WB official emphasising the crucial importance of the rule of law institutions and investment in human capital in terms of the economic development of a country.

World Bank approves $560 mln loan for sustainable cities

The World Bank's Board of Executive Directors approved financing of 500 million euros ($561 million) to support sustainable development in Turkish cities.  This comes in the form of an "additional financing" (AF) to the Sustainable Cities 2 Project, the second in a series of projects under the Program for Sustainable Cities.

Bulgaria's Kristalina Georgieva Becomes Interim President of the World Bank

Bulgaria's former EU Commissioner, Kristalina Georgieva, assumes the role of Interim President of the World Bank effective as of 1st of February, reports BNT.

The appointment comes after World Bank Group President Jim Yong Kim on 7th of January announced that he will be stepping down from his position.