Jim Yong Kim

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World Bank president Jim Yong Kim departs at the end of a final news conference following the annual IMF-World Bank meetings in Washington. Photograph: Jonathan Ernst/Reuters

The International Monetary Fund’s policy committee has said the US needs to take “urgent action” to address the impasse over the debt ceiling.Amid me(...)

World Bank president Jim Yong Kim, National Bank of Poland president Marek Belka and IMF managing director Christine Lagarde hold a final news conference following the annual IMF-World Bank meetings in Washington yesterday. Photograph: Jonathan Ernst/Reuters

The World Bank’s 188 member countries endorsed a strategy that president Jim Yong Kim says should enable the lender to better respond to clients’ need(...)

The US Capitol Visitors Center remains empty of tourists in Washington yesterday.

President Barack Obama renewed efforts to reopen government by calling face-to-face meetings with Republicans as financial markets grew increasingl(...)

China was ranked 91st among 185 economies worldwide in the most recent report, which was released in October 2012. The country’s position was dragged down by heavy tax burdens and the bureaucracy involved in granting business permits.

Asia Briefing: The World Bank’s annual Doing Business report takes a comprehensive look at how easy it is to do business around the world by measur(...)

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