POLITICS: Call to End Wolfowitz’s Reign Goes Global

The calls for embattled World Bank President Paul Wolfowitz to step down have gone global, coming from newspapers, officials, activists and even Internet bloggers from across the world.

POLITICS: Wolfowitz Deflects Questions About Role in Scandal

As the World Bank handed out a communiqué that talked about "transparency" and "equity", beleaguered Bank President Paul Wolfowitz deflected a barrage of questions from journalists seeking more information about allegations of nepotism involving a Bank employee who is personally involved with him.

POLITICS: Wolfowitz’s Allies Regroup but Leave Questions Unanswered

Paul Wolfowitz, the embattled World Bank president, is receiving new support from conservative politicians and right-wing publications that previously backed his notorious role as an architect of the war in Iraq, but missing from the regrouping attempts are answers to two important questions.

POLITICS: Top Wolfowitz Postings Went to Iraq War Backers

Of the top five outside international appointments made by embattled World Bank president Paul Wolfowitz during his nearly two-year tenure, three were senior political appointees of right-wing governments that provided strong backing for U.S. policy in Iraq.

POLITICS: Top Wolfowitz Postings Went to Iraq War Backers

Of the top five outside international appointments made by embattled World Bank president Paul Wolfowitz during his nearly two-year tenure, three were senior political appointees of right-wing governments that provided strong backing for U.S. policy in Iraq.

POLITICS: Wolfowitz Contradicted on Family Planning Claim

Despite denials by World Bank President Paul Wolfowitz Thursday, newly disclosed internal documents indicate that the Bank may have in fact reversed a longstanding policy of promoting family planning on his watch.

POLITICS: World Bank Staff Seek Wolfowitz’s Ouster

The World Bank's Staff Association, which represents 10,000 employees, asked Bank President Paul Wolfowitz to step down Thursday amid charges that he gave his girlfriend, a Bank employee, improper pay raises and attempted to cover it up.

POLITICS: World Bank Staff Seek Wolfowitz’s Ouster

The World Bank's Staff Association, which represents 10,000 employees, asked Bank President Paul Wolfowitz to step down Thursday amid charges that he gave his girlfriend, a Bank employee, improper pay raises and attempted to cover it up.

FINANCE: IMF Predicts Rosy Outlook for Developing Nations

The International Monetary Fund (IMF) forecast Wednesday that most developing countries will see robust growth for the rest of the year as part of a mostly positive outlook for the global economy.

FINANCE: Reforms Urged to Fix Ailing IMF

The International Monetary Fund, which is undergoing a review of its role in the global economic architecture, should take more aggressive measures to improve its accountability and transparency and to be more responsive to its members, a high-level panel said Tuesday.

POLITICS: New Questions Emerge About Wolfowitz’s Influence

The nepotism controversy besetting World Bank President Paul Wolfowitz and his long-time partner and colleague Shaha Riza heightened Monday with new revelations that Riza may have had a history of flouting Bank rules while financially benefiting from jobs associated with Wolfowitz's former post at the Pentagon.

POLITICS: Wolfowitz Accused of Nepotism at World Bank

A controversial raise for a World Bank employee who has been romantically involved with the Bank's President Paul Wolfowitz was not the work of the Bank's Ethics Committee, as originally alleged by Wolfowitz's office, according to the watchdog group that leaked the information.

POLITICS: Wolfowitz Accused of Nepotism at World Bank

A controversial raise for a World Bank employee who has been romantically involved with the Bank's President Paul Wolfowitz was not the work of the Bank's Ethics Committee, as originally alleged by Wolfowitz's office, according to the watchdog group that leaked the information.

TRADE: Mixed Reactions to Massive Korea-US Pact

The United States and the Republic of Korea reached a free trade deal that its proponents say will create economic opportunities, but which critics charge could lead to the further impoverishment of Korean farmers, violate labour standards and follow the failed model of other free trade agreements.

TRADE-US: Democrats Push Labour Friendly Trade Rules

Democrats in the U.S. Congress unveiled a new plan Tuesday that would require Washington to incorporate stronger labour and environmental standards as well as provisions for access to life-saving drugs in pending free trade agreements.

FINANCE: Palestinian Economy Tumbles Under Sanctions

Under an economic embargo spearheaded by Israel, the European Union and the United States, the Palestinian economy shrank by five to 10 percent in 2006, after having experienced a modest recovery for the previous two years, an international report found Monday.

FINANCE: Study Urges Regional Approach to Development

The World Bank, which lends billions of dollars for development projects in poor nations, should put more funding into multi-country initiatives such as roads and joint electric grids, which have shown greater benefits to borrowing nations, according to the Bank's internal monitor.

TRADE: Starbucks Asked to Honour Ethiopian Coffee Pledge

The international advocacy group Oxfam is taking on U.S. coffee retailer Starbucks over the chain's reluctance to grant Ethiopian coffee farmers the right to control their coffee trademarks, something the company has promised to do earlier this year.

FINANCE: Never Too Poor to Spend?

The World Bank is encouraging foreign investors and businesspeople to start pursuing the world's four billion poor people as a potentially lucrative market worth five trillion dollars, much bigger than previously thought.

FINANCE: Debt Relief Cleared for Latin Nations

The Inter-American Development Bank (IDB) said Friday it will cancel 4.4 billion dollars in debt and interest owed by five of Latin America and the Caribbean's poorest countries.

FINANCE: Debt Relief Cleared for Latin Nations

The Inter-American Development Bank (IDB) said Friday it will cancel 4.4 billion dollars in debt and interest owed by five of Latin America and the Caribbean's poorest countries.