EXCLUSIVE: Ajay Banga, President Biden’s nominee to lead the World Bank, wants the bank to focus on poverty alleviation and climate change. “I think it's a fallacious argument that says, either-or,” Banga told Axios.
for the bank to sacrifice its triple-A credit rating in the pursuit of bigger loans to fund more projects.“Nobody wants the triple A rating to go away,” he said. “The only way that math works is with a triple A rating.”The Biden administration is trying to persuade African countries that the U.S. wants to be a partner for the long haul.
The U.S. is trying to counter China’s influence in the region and offer an alternative path to economic growth and climate resilience.continent’s young populationBanga shares Yellen’s enthusiasm, with caution. “You meet these people, you see the ideas they're developing, they’re full of optimism, they’re full of energy and they're full of creativity,” he said.
“But the other side of that is, they don't have jobs … that demographic dividend very quickly becomes a challenge.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bank collapse: First Citizens Bank buys Silicon Valley BankAll SVB customers will automatically become customers of First Citizens Bank.
Leer más »
Silicon Valley Bank has a buyerFounded in 1983, SVB became the go-to bank and financial services partner of technology startups.
Leer más »
World economy may be entering 'lost decade' of growth: World BankMarkets may be entering a 'lost decade' for global economic growth amid financial instability and high inflation, World Bank says
Leer más »
Silicon Valley Bank to be acquired by North Carolina-based First Citizens BankSilicon Valley Bank is to be acquired by North Carolina-based First Citizens Bank & Trust in a sale involving all of SVB's deposits and loans. The deal could reassure investors at a time of shaken confidence in banks.
Leer más »
The FDIC says First Citizens Bank will acquire Silicon Valley BankNorth Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.
Leer más »
Silicon Valley Bank itself was main cause of bank’s failure, Fed official saysThe nation’s top financial regulator is asserting that Silicon Valley Bank’s own management was largely to blame for the bank’s failure earlier this month.
Leer más »