The World Bank Group has opened a new office in Madrid, Spain, to strengthen cooperation with the country and facilitate the mobilization of private capital for development projects in Latin America, Africa, and other emerging markets, offering Spanish companies easier access to financing.
South Korean Min Jee-nah has been appointed as the new director of market and counterparty risk at the World Bank Group, starting next month. She previously served as head of credit for state-owned enterprises and reinsurance at MIGA and will become the fourth South Korean national to hold a director-level position at the global financial institution.
Global finance talks are being forced to downplay the climate crisis due to US pressure, with countries urged not to mention climate even while addressing the oil crisis. Experts warn this is "beyond absurd" and disastrous for developing nations.
