Jim Yong Kim

President Donald Trump's daughter and advisor Ivanka will help the United States choose its candidate to lead the World Bank but she will not be the one, the White House said on Monday.

Former UN Ambassador Nikki Haley and US President Donald Trump's daughter and adviser Ivanka are among possible US candidates to replace outgoing World Bank President Jim Yong Kim, The Financial Times reported on Friday.

World Bank Group President Jim Yong Kims surprise resignation comes amid differences with the Trump administration over climate change and the need for more development resources. Just last month, the World Bank announced it would double its investments to fight climate change to around $200 billion over the next five years.

World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire.

World Bank president Jim Yong Kim Friday described India's jump in the ease of doing business index as a "historic and unprecedented achievement".

The World Bank said on Thursday it would provide up to $480 million in grant-based support to Bangladesh to address the needs of Rohingya refugees including health, education, water, sanitation and social protection.

The Paris climate summit next week offers a chance for concrete advances in the fight against global warming, even without the support of President Donald Trump, World Bank President Jim Yong Kim said.

"This is the time to implement the reforms that are going to insulate against potential downturns in the future," said World Bank President Jim Yong Kim.

The recent slowdown in India's economic growth is an "aberration" and mainly due to a temporary disruption caused by preparations for the new national tax GST, the World Bank said on Thursday, also stating that it will get corrected in the coming months.

China is taking "unprecedented" leadership in the overall world of development and the country has been illustrating that it is concerned about growth, World Bank President Jim Young Kim said on Thursday.

The World Bank on Sunday announced $57 billion in financing for sub-Saharan Africa over the next three fiscal years. Of that total, $45 billion will come from the International Development Association, the World Bank fund that provides grants and interest-free loans for the world's poorest countries.

Pakistan has asked the World Bank to "fulfil its obligations" regarding the Indus Waters Treaty as it objected to the body pausing two concurrent processes related to Indo-Pak dispute over Kishenganga and Ratle project.

In a significant development, the World Bank has paused the separate processes initiated by India and Pakistan under the Indus Waters Treaty to allow the two countries to consider alternative ways to resolve their disagreements.

The Narendra Modi government's ambitious Swachh Bharat Abhiyaan is based on the knowledge sharing from a similar project in Egypt, World Bank President Jim Yong Kim said.

Finance Minister Arun Jaitley acknowledged the long-standing and mutually beneficial relationship between the World Bank Group and India since its inception and called on the Bank to work together with the member countries to explore innovative financing solutions.

President Donald Trump's daughter and advisor Ivanka will help the United States choose its candidate to lead the World Bank but she will not be the one, the White House said on Monday.

Former UN Ambassador Nikki Haley and US President Donald Trump's daughter and adviser Ivanka are among possible US candidates to replace outgoing World Bank President Jim Yong Kim, The Financial Times reported on Friday.

World Bank Group President Jim Yong Kims surprise resignation comes amid differences with the Trump administration over climate change and the need for more development resources. Just last month, the World Bank announced it would double its investments to fight climate change to around $200 billion over the next five years.

World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire.

World Bank president Jim Yong Kim Friday described India's jump in the ease of doing business index as a "historic and unprecedented achievement".

The World Bank said on Thursday it would provide up to $480 million in grant-based support to Bangladesh to address the needs of Rohingya refugees including health, education, water, sanitation and social protection.

The Paris climate summit next week offers a chance for concrete advances in the fight against global warming, even without the support of President Donald Trump, World Bank President Jim Yong Kim said.

"This is the time to implement the reforms that are going to insulate against potential downturns in the future," said World Bank President Jim Yong Kim.

The recent slowdown in India's economic growth is an "aberration" and mainly due to a temporary disruption caused by preparations for the new national tax GST, the World Bank said on Thursday, also stating that it will get corrected in the coming months.

China is taking "unprecedented" leadership in the overall world of development and the country has been illustrating that it is concerned about growth, World Bank President Jim Young Kim said on Thursday.

The World Bank on Sunday announced $57 billion in financing for sub-Saharan Africa over the next three fiscal years. Of that total, $45 billion will come from the International Development Association, the World Bank fund that provides grants and interest-free loans for the world's poorest countries.

Pakistan has asked the World Bank to "fulfil its obligations" regarding the Indus Waters Treaty as it objected to the body pausing two concurrent processes related to Indo-Pak dispute over Kishenganga and Ratle project.

In a significant development, the World Bank has paused the separate processes initiated by India and Pakistan under the Indus Waters Treaty to allow the two countries to consider alternative ways to resolve their disagreements.

The Narendra Modi government's ambitious Swachh Bharat Abhiyaan is based on the knowledge sharing from a similar project in Egypt, World Bank President Jim Yong Kim said.

Finance Minister Arun Jaitley acknowledged the long-standing and mutually beneficial relationship between the World Bank Group and India since its inception and called on the Bank to work together with the member countries to explore innovative financing solutions.