News - Paul Wolfowitz
The World Bank has a large to-do list for promoting growth and reducing poverty in developing countries even after the global economy's decade-long strong showing, Treasury Secretary Henry Paulson said Sunday. The U.S.
Global economic leaders warned of inflation risks in advanced countries on the eve of the first World Bank meetings since Robert Zoellick took charge of an institution shaken by internal divisions and scandal.
t-bill auction T-bills Monday 06/25 3-month 4.790 4.685 6-month 4.810 4.810 The Treasury Department auctioned $15 billion and $14 billion in six-month bills. The discount rates reflect that the bills sell for less than face value.
By JEANNINE AVERSA By Jeannine Aversa The Associated Press WASHINGTON Robert Zoellick, a seasoned player in international financial and diplomatic circles, won the unanimous approval of the World Bank's board on Monday to become the poverty- fighting institution's next president.
