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Philippines: Typhoon Kalmaegi Triggers Severe Flooding, Displacing Thousands 4

At least 140 people have died and 127 remain missing after Typhoon Kalmaegi struck the Philippines, with the central province of Cebu suffering the worst damage from floods and mudslides. Homes were destroyed and streets were left buried in debris, forcing thousands of residents to evacuate. In Cebu, floodwaters rose to roof level in some areas. A state of calamity has been declared in Cebu to speed up emergency response as rescue operations continue.

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Illustration Dollar

MOROCCO. CASABLANCA. BMCI (BNP-PARIBAS GROUP) BANK AGENCY Photo by Serge Attal/Only World/ABACAPRESS.COM

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Illustration - Bank

MOROCCO. CASABLANCA. CREDIT DU MAROC BANK AGENCY(CREDIT AGRICOLE GROUP ) Photo by Serge Attal/Only World/ABACAPRESS.COM

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Illustration - Bank

MOROCCO. CASABLANCA. BMCI (BNP-PARIBAS GROUP) BANK AGENCY Photo by Serge Attal/Only World/ABACAPRESS.COM

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FFD4 Opening Session - Seville

World Bank Group President Ajay Banga speaks during the opening session of the fourth International Conference on Financing for Development in Seville, Spain, June 30, 2025. The fourth International Conference on Financing for Development, focusing on global development financing issues, took place from Monday and will continue through Thursday, with participation from representatives of governments, international organizations, financial institutions, business communities, among others. Photo by Li Jing/Xinhua/ABACAPRESS.COM

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The Mattei Plan for Africa and the Global Gateway - Rome

the President of the World Bank Group, Ajay Banga at the summit 'The Mattei Plan for Africa and the Global Gateway: A common effort with the African Continent' at Villa Doria Pamphilj in Rome, Italy, on June 20, 2025 Photo by Stefano Carofei/Fotogramma/IPA/ABACAPRESSCOM

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Mattei Plan & Global Gateway - Joint Summit with Africa - Rome

Rome Villa Doria Pamphili Summit Mattei Plan for Africa the Global Gateway in the photo the President of the World Bank Group, Ajay Banga Rome, Italy on June 20, 2025. Photo by Stefano Carofei/IPA/ABACAPRESS.COM

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Mattei Plan & Global Gateway - Joint Summit with Africa - Rome

Rome Villa Doria Pamphili Summit Mattei Plan for Africa the Global Gateway in the photo Giorgia Meloni Ursula von der Leyen the President of the World Bank Group, Ajay Banga Rome, Italy on June 20, 2025. Photo by Stefano Carofei/IPA/ABACAPRESS.COM

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IMF And WBG Spring Meetings 2025 - Washington

Flanked to the left by Randa Elnagar, Director, Communications Department, IMF (not pictured), and Krishna Srinivasan, Asia and Pacific Department, IMF, Thomas Helbling, Deputy Director, Asia and Pacific Department, IMF, right, speaks during a 'Regional Economic Outlook for Asia and Pacific' press conference at the 2025 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington, D.C. on April 24, 2025. Photo by Bryan Dozier/Middle Eats Images/ABACAPRESS.COM

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IMF And WBG Spring Meetings 2025 - Washington

An audience member raises their hand to ask a question during the 'Regional Economic Outlook for Asia and Pacific' press conference hosted by (L-R) Randa Elnagar, Director, Communications Department, IMF, Krishna Srinivasan, Asia and Pacific Department, IMF, and Thomas Helbling, Deputy Director, Asia and Pacific Department, IMF, at the 2025 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington, D.C. on April 24, 2025. Photo by Bryan Dozier/Middle Eats Images/ABACAPRESS.COM

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IMF And WBG Spring Meetings 2025 - Washington

Krishna Srinivasan, Asia and Pacific Department, IMF, listens to an audience member's question during a 'Regional Economic Outlook for Asia and Pacific' press conference at the 2025 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington, D.C. on April 24, 2025. Photo by Bryan Dozier/Middle Eats Images/ABACAPRESS.COM

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IMF And WBG Spring Meetings 2025 - Washington

Flanked by Randa Elnagar, Director, Communications Department, IMF, and Thomas Helbling, Deputy Director, Asia and Pacific Department, IMF, Krishna Srinivasan, Asia and Pacific Department, IMF, center, speaks during a 'Regional Economic Outlook for Asia and Pacific' press conference at the 2025 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington, D.C. on April 24, 2025. Photo by Bryan Dozier/Middle Eats Images/ABACAPRESS.COM

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IMF And WBG Spring Meetings 2025 - Washington

An audience member asks a question during the 'Regional Economic Outlook for Asia and Pacific' press conference hosted by (L-R) Randa Elnagar, Director, Communications Department, IMF, Krishna Srinivasan, Asia and Pacific Department, IMF, and Thomas Helbling, Deputy Director, Asia and Pacific Department, IMF, at the 2025 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington, D.C. on April 24, 2025. Photo by Bryan Dozier/Middle Eats Images/ABACAPRESS.COM

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IMF And WBG Spring Meetings 2025 - Washington

Krishna Srinivasan, Asia and Pacific Department, IMF, listens to an audience member's question during a 'Regional Economic Outlook for Asia and Pacific' press conference at the 2025 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington, D.C. on April 24, 2025. Photo by Bryan Dozier/Middle Eats Images/ABACAPRESS.COM

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IMF And WBG Spring Meetings 2025 - Washington

(L-R) Randa Elnagar, Director, Communications Department, IMF, Krishna Srinivasan, Asia and Pacific Department, IMF, and Thomas Helbling, Deputy Director, Asia and Pacific Department, IMF, host a 'Regional Economic Outlook for Asia and Pacific' press conference at the 2025 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington, D.C. on April 24, 2025. Photo by Bryan Dozier/Middle Eats Images/ABACAPRESS.COM

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IMF And WBG Spring Meetings 2025 - Washington

Flanked by Randa Elnagar, Director, Communications Department, IMF, and Thomas Helbling, Deputy Director, Asia and Pacific Department, IMF (not pictured), Krishna Srinivasan, Asia and Pacific Department, IMF, right, speaks during a 'Regional Economic Outlook for Asia and Pacific' press conference at the 2025 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington, D.C. on April 24, 2025. Photo by Bryan Dozier/Middle Eats Images/ABACAPRESS.COM

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IMF And WBG Spring Meetings 2025 - Washington

Randa Elnagar, Director, Communications Department, IMF, speaks during the 'Regional Economic Outlook for Asia and Pacific' press conference at the 2025 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington, D.C. on April 24, 2025. Photo by Bryan Dozier/Middle Eats Images/ABACAPRESS.COM

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IMF And WBG Spring Meetings 2025 - Washington

(L-R) Randa Elnagar, Director, Communications Department, IMF, Krishna Srinivasan, Asia and Pacific Department, IMF, and Thomas Helbling, Deputy Director, Asia and Pacific Department, IMF, host a 'Regional Economic Outlook for Asia and Pacific' press conference at the 2025 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington, D.C. on April 24, 2025. Photo by Bryan Dozier/Middle Eats Images/ABACAPRESS.COM

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IMF And WBG Spring Meetings 2025 - Washington

An audience member asks a question during the 'Regional Economic Outlook for Asia and Pacific' press conference hosted by (L-R) Randa Elnagar, Director, Communications Department, IMF, Krishna Srinivasan, Asia and Pacific Department, IMF, and Thomas Helbling, Deputy Director, Asia and Pacific Department, IMF, at the 2025 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington, D.C. on April 24, 2025. Photo by Bryan Dozier/Middle Eats Images/ABACAPRESS.COM

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Pope Francis Private Audiences - Vatican

Pope Francis receives in private audience Mr. Ajay Banga, President, World Bank Group in The Vatican, Rome, Italy on November 8, 2024. Photo by VATICAN MEDIA/Catholic Press Photo/IPA/ABACAPRESS.COM

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Pope Francis Private Audiences - Vatican

Pope Francis receives in private audience Mr. Ajay Banga, President, World Bank Group in The Vatican, Rome, Italy on November 8, 2024. Photo by VATICAN MEDIA/Catholic Press Photo/IPA/ABACAPRESS.COM

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Pope Francis Private Audiences - Vatican

Pope Francis receives in private audience Mr. Ajay Banga, President, World Bank Group in The Vatican, Rome, Italy on November 8, 2024. Photo by VATICAN MEDIA/Catholic Press Photo/IPA/ABACAPRESS.COM

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From AI to new energy vehicles, China's emerging industries a boon for the world

STORY: From AI to new energy vehicles, China's emerging industries a boon for the world SHOOTING TIME: June 25/27, 2024 DATELINE: June 27, 2024 LENGTH: 00:01:22 LOCATION: DALIAN, China CATEGORY: ECONOMY SHOTLIST: 1. STANDUP (English): MU XUYAO, Xinhua correspondent 2. SOUNDBITE 1 (English): DIMITRI DE BOER, Chief Representative for China, ClientEarth 3. SOUNDBITE 2 (English): ESPEN MEHLUM, Head of Energy Transition Intelligence and Regional Acceleration at World Economic Forum 4. SOUNDBITE 3 (English): MICHAEL HILLARY, Group Executive for Financing Operations, Development Bank of Southern Africa 5. SOUNDBITE 4 (English): SALIM HODALI PINILLA, Chief Retail, Bank of Palestine STORYLINE: STANDUP (English): MU XUYAO, Xinhua correspondent "From artificial intelligence to electric vehicles, China's progress made in science and technology and green transformation has impressed many participants at the Summer Davos. What could the country's technological advancement and high-quality development bring to the world?

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China's green transformation, innovation impress Summer Davos attendees

STORY: China's green transformation, innovation impress Summer Davos attendees SHOOTING TIME: June 25, 2024 DATELINE: June 26, 2024 LENGTH: 00:02:34 LOCATION: Dalian, China CATEGORY: ECONOMY SHOTLIST: 1. various of 15th Annual Meeting of the New Champions (Summer Davos) 2. various of China's Liaoning Province 3. SOUNDBITE 1 (English): ESPEN MEHLUM, Head of Energy Transition Intelligence and Regional Acceleration at World Economic Forum 4. SOUNDBITE 2 (English): ALEX ZHAVORONKOV, CEO, Insilico Medicine, the U.S. 5. various of China 6. SOUNDBITE 3 (English): DIMITRI DE BOER, Chief Representative for China, ClientEarth 7. SOUNDBITE 4 (English): ESPEN MEHLUM, Head of Energy Transition Intelligence and Regional Acceleration at World Economic Forum 8. various of China 9. SOUNDBITE 5 (English): MICHAEL HILLARY, Group Executive for Financing Operations, Development Bank of Southern Africa 10. SOUNDBITE 6 (English): SALIM HODALI PINILLA, Chief Retail, Bank of Palestine 11. various of 15th Annual Meeting of the New Ch

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World Bank Group approves new financing for Egypt

STORY: World Bank Group approves new financing for Egypt SHOOTING TIME: File DATELINE: June 25, 2024 LENGTH: 00:00:46 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of banks in Egypt STORYLINE: The World Bank approved on Monday the provision of 700 million U.S. dollars in financing the Egyptian government, within the framework of the Development Policy Financing (DPF) program, to enhance macroeconomic stability. The DPF program is designed to support the government's efforts to address short-term economic challenges, contribute to strengthening structural reforms, increase the competitiveness of the economy, and improve the business environment in Egypt. Egyptian Minister of International Cooperation Rania Al-Mashat said the Egyptian government pledges to implement ambitious economic and structural reforms, aiming at creating a more competitive economy. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

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Nigerian president urges for more strategic investments in Africa

STORY: Nigerian president urges for more strategic investments in Africa SHOOTING TIME: June 6, 2024 DATELINE: June 8, 2024 LENGTH: 00:01:14 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of members of the International Finance Corporation (IFC) meeting with President Bola Tinubu 2. various of meetings 3. various of group photograph STORYLINE: Nigerian President Bola Tinubu on Thursday called on international development financiers to see the African continent as a destination for growth and prosperity, urging more strategic investments in agriculture, infrastructure, research and development. Speaking at a meeting with a delegation of the International Finance Corporation (IFC), a member of the World Bank Group, led by its managing director Makhtar Diop in Abuja, Nigerian's capital, Tinubu emphasized that Africa has the potential for growth, peace, stability, and prosperity, noting "the world has to see us as a continent that can help the rest of the world, and not perceive us as backward, unstab

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World Bank Group President Ajay Banga at Elysee Palace - Paris

World Bank Group President Ajay Banga at Elysee Palace in Paris, France, on April 30, 2024. Photo by Eliot Blondet/ABACAPRESS.COM

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World Bank Group President Ajay Banga at Elysee Palace - Paris

World Bank Group President Ajay Banga at Elysee Palace in Paris, France, on April 30, 2024. Photo by Eliot Blondet/ABACAPRESS.COM

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World Bank Group President Ajay Banga at Elysee Palace - Paris

World Bank Group President Ajay Banga at Elysee Palace in Paris, France, on April 30, 2024. Photo by Eliot Blondet/ABACAPRESS.COM

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World Bank Group President Ajay Banga at Elysee Palace - Paris

World Bank Group President Ajay Banga at Elysee Palace in Paris, France, on April 30, 2024. Photo by Eliot Blondet/ABACAPRESS.COM

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US: Multiple Arrested At Pro-Palestine Protest Outside NYU Stern School Of Business

Hundreds of pro-Palestinian demonstrators, including students and faculty members, rallied outside the New York University Stern School of Business on Monday, April 22. As the protest intensified, multiple protesters were taken into custody.

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2024 International Monetary Fund and World Bank Group Spring Meetings

The International Monetary Fund HQ-2 Atrium during the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in in Washington, DC, USA, 15 April 2024. The Spring Meetings bring together finance ministers and central bank governors from around the world and run 15-20 April.

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2024 International Monetary Fund and World Bank Group Spring Meetings

The International Monetary Fund HQ-2 Atrium during the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in in Washington, DC, USA, 15 April 2024. The Spring Meetings bring together finance ministers and central bank governors from around the world and run 15-20 April.

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2024 International Monetary Fund and World Bank Group Spring Meetings

The International Monetary Fund HQ-2 Atrium during the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in in Washington, DC, USA, 15 April 2024. The Spring Meetings bring together finance ministers and central bank governors from around the world and run 15-20 April.

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Boao forum seen as platform to seek solutions for global challenges

STORY: Boao forum seen as platform to seek solutions for global challenges SHOOTING TIME: March 26-28, 2024 DATELINE: March 29, 2024 LENGTH: 00:01:26 LOCATION: BOAO, China CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of Boao Forum 2. SOUNDBITE 1 (English): ARAVIND YELERY, Associate professor, Jawaharlal Nehru University 3. SOUNDBITE 2 (English): BEN SIMPFENDORFER, Partner of Oliver Wyman Asia Pacific & Head of Oliver Wyman Forum 4. SOUNDBITE 3 (English): HANS-PAUL BURKNER, Chairman of Boston Consulting Group 5. SOUNDBITE 4 (English): AUVO KAIKKONEN, Head of Regional Representation to China and Mongolia, European Investment Bank STORYLINE: Attendees of the ongoing Boao Forum for Asia (BFA) Annual Conference 2024 in south China's Hainan Province have taken it as a good platform to seek solutions for global challenges. Many believe that the conference comes at a critical time as the world is facing increasing uncertainties. SOUNDBITE 1 (English): ARAVIND YELERY, Associate professor, Jawaharlal Nehru Univ

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US: Strong Winter Storm Brings Blizzard Conditions To Sierra Nevada 3

A strong winter storm hit the Sierra Nevada on Friday, March 1, bringing heavy snow and high winds. Blizzard Warnings were issued for the area, including Lake Tahoe and eastern Nevada. The Sierra Avalanche Center warned that the danger of avalanches was high. Yosemite National Park and many ski resorts in the region announced they were closing at least for the day.

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MOROCCO-MARRAKECH-IMF CHIEF

(231014) -- MARRAKECH, Oct. 14, 2023 (Xinhua) -- Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), attends a press briefing in Marrakech, Morocco, Oct. 14, 2023. Georgieva said on Saturday that the ongoing conflict between Israel and the Palestinian Islamic Resistance Movement (Hamas) could be "another source of uncertainty" for the global economy. She made the remarks during the World Bank Group and IMF annual meetings, which kicked off Monday in Marrakech, Morocco, and runs through Sunday. (Xinhua/Huo Jing)

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MOROCCO-MARRAKECH-IMF CHIEF

(231014) -- MARRAKECH, Oct. 14, 2023 (Xinhua) -- Kristalina Georgieva (1st R), the managing director of the International Monetary Fund (IMF), attends a press briefing in Marrakech, Morocco, Oct. 14, 2023. Georgieva said on Saturday that the ongoing conflict between Israel and the Palestinian Islamic Resistance Movement (Hamas) could be "another source of uncertainty" for the global economy. She made the remarks during the World Bank Group and IMF annual meetings, which kicked off Monday in Marrakech, Morocco, and runs through Sunday. (Xinhua/Huo Jing)

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G7 to set up fund to strengthen supply chains

Japanese Finance Minister Shunichi Suzuki (L) and World Bank President Ajay Banga attend an event in Marrakesh, Morocco, on Oct. 11, 2023, where a Group of Seven initiative to set up a new fund to strengthen supply chains for carbon-free goods was announced.

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G7 finance chiefs in Morocco

Japanese Finance Minister Shunichi Suzuki (R) and Bank of Japan Governor Kazuo Ueda attend a press conference in Marrakech, Morocco, on Oct. 12, 2023 after the Group of Seven finance leaders' gathering, held on the sidelines of the International Monetary Fund and World Bank meetings.

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MOROCCO-MARRAKECH-WORLD BANK GROUP-IMF-ANNUAL MEETINGS

(231010) -- MARRAKECH, Oct. 10, 2023 (Xinhua) -- The logo of the World Bank Group and International Monetary Fund (IMF) annual meetings is pictured in Marrakech, Morocco, Oct. 9, 2023. The annual meetings opened Monday in the southern Moroccan city of Marrakech. The meetings will run from Monday through Sunday and are expected to gather more than 12,000 participants, including 190 delegations led by finance ministers and central bankers, as well as private sector executives worldwide, Morocco's national agency MAP reported. (Xinhua/Huo Jing)

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MOROCCO-MARRAKECH-WORLD BANK GROUP-IMF-ANNUAL MEETINGS

(231010) -- MARRAKECH, Oct. 10, 2023 (Xinhua) -- A poster of the World Bank Group and International Monetary Fund (IMF) annual meetings is pictured in Marrakech, Morocco, Oct. 9, 2023. The annual meetings opened Monday in the southern Moroccan city of Marrakech. The meetings will run from Monday through Sunday and are expected to gather more than 12,000 participants, including 190 delegations led by finance ministers and central bankers, as well as private sector executives worldwide, Morocco's national agency MAP reported. (Xinhua/Huo Jing)

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MOROCCO-MARRAKECH-WORLD BANK GROUP-IMF-ANNUAL MEETINGS

(231010) -- MARRAKECH, Oct. 10, 2023 (Xinhua) -- A participant walks past flags outside the venue for the World Bank Group and International Monetary Fund (IMF) annual meetings in Marrakech, Morocco, Oct. 9, 2023. The annual meetings opened Monday in the southern Moroccan city of Marrakech. The meetings will run from Monday through Sunday and are expected to gather more than 12,000 participants, including 190 delegations led by finance ministers and central bankers, as well as private sector executives worldwide, Morocco's national agency MAP reported. (Xinhua/Huo Jing)

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MOROCCO-MARRAKECH-WORLD BANK GROUP-IMF-ANNUAL MEETINGS

(231010) -- MARRAKECH, Oct. 10, 2023 (Xinhua) -- A participant walks past a billboard of the World Bank Group and International Monetary Fund (IMF) annual meetings in Marrakech, Morocco, Oct. 9, 2023. The annual meetings opened Monday in the southern Moroccan city of Marrakech. The meetings will run from Monday through Sunday and are expected to gather more than 12,000 participants, including 190 delegations led by finance ministers and central bankers, as well as private sector executives worldwide, Morocco's national agency MAP reported. (Xinhua/Huo Jing)

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MOROCCO-MARRAKECH-WORLD BANK GROUP-IMF-ANNUAL MEETINGS

(231010) -- MARRAKECH, Oct. 10, 2023 (Xinhua) -- A participant takes a selfie with the logo of the World Bank Group and International Monetary Fund (IMF) annual meetings in Marrakech, Morocco, Oct. 9, 2023. The annual meetings opened Monday in the southern Moroccan city of Marrakech. The meetings will run from Monday through Sunday and are expected to gather more than 12,000 participants, including 190 delegations led by finance ministers and central bankers, as well as private sector executives worldwide, Morocco's national agency MAP reported. (Xinhua/Huo Jing)

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U.S.-NEW YORK-PRC 74TH FOUNDING ANNIVERSARY-CELEBRATION

(230917) -- NEW YORK, Sept. 17, 2023 (Xinhua) -- Jim Yong Kim, former president of the World Bank Group, speaks at a reception celebrating the 74th anniversary of the founding of the People's Republic of China, in New York, the United States, Sept. 13, 2023. TO GO WITH "Roundup: American veteran diplomats call for revitalizing U.S.-China relations" (Photo by Zhou Huanxin/Xinhua)

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World Bank President Ajay Banga

World Bank President Ajay Banga speaks to reporters on Sept. 10, 2023, in New Delhi where he attended a Group of 20 summit for the first time.

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CITIC Group Booth at The 2023 WAIC in Shanghai

SHANGHAI, CHINA - JULY 8, 2023 - Visitors visit the booth of CITIC Group at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 8, 2023. Citic Bank exhibited the credit card based on the self-developed AI+ one-stop platform, intelligent digital human service matrix, to provide customers with efficient and warm financial products, CITIC Publishing Group to create smart publishing, the site also built a cyberpunk style digital future city.

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CITIC Group Booth at The 2023 WAIC in Shanghai

SHANGHAI, CHINA - JULY 8, 2023 - Visitors visit the booth of CITIC Group at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 8, 2023. Citic Bank exhibited the credit card based on the self-developed AI+ one-stop platform, intelligent digital human service matrix, to provide customers with efficient and warm financial products, CITIC Publishing Group to create smart publishing, the site also built a cyberpunk style digital future city.

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CITIC Group Booth at The 2023 WAIC in Shanghai

SHANGHAI, CHINA - JULY 8, 2023 - Visitors visit the booth of CITIC Group at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 8, 2023. Citic Bank exhibited the credit card based on the self-developed AI+ one-stop platform, intelligent digital human service matrix, to provide customers with efficient and warm financial products, CITIC Publishing Group to create smart publishing, the site also built a cyberpunk style digital future city.