Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

World Bank Head Warns of Weak Economy, Bemoans Tax Evasion

Tax evasion and the use of offshore havens can have a tremendously negative effect on the mission to end poverty

A Chinese national flag flutters against the office buildings at the Shanghai Bund shrouded by pollution and fog in Shanghai, China, Thursday, April 14, 2016, photo: AP/Andy Wong
2 years ago

The president of the World Bank is lamenting the weak state of the global economy and warning that the kind of tax evasion exposed in the Panama Papers investigation is fueling poverty around the world.

Jim Yong Kim say “there are not many bright spots” in the global economy today. He’s also warning that the economy is at further risk from the refugee crisis, climate change and pandemics.

And Kim says tax evasion and the use of offshore havens “can have a tremendously negative effect on our mission to end poverty.”

He made his comments Thursday during the spring meetings of the World Bank and International Monetary Fund.

FILE - In this April 8, 2016 file photo, people are reflected on the electronic board of a securities firm in Tokyo. The IMF on Tuesday, April 12 downgraded its outlook for growth for most regions and for the global economy as a whole. It now foresees a weaker financial landscape than it did in January. Like the World Bank and the Organization for Economic Cooperation and Development, the IMF has repeatedly overestimated the strength of the world economy in the aftermath of the 2008 financial crisis. (AP Photo/Shizuo Kambayashi)

The IMF on Tuesday, April 12 downgraded its outlook for growth for most regions and for the global economy as a whole. It now foresees a weaker financial landscape than it did in January. Like the World Bank and the Organization for Economic Cooperation and Development, the IMF has repeatedly overestimated the strength of the world economy in the aftermath of the 2008 financial crisis. Photo: AP/Shizuo Kambayashi

Comments Whatsapp Twitter Facebook Share
More From The News
Science

Rare skeleton shown of human ancestor, 3 ...

5 days ago
Latest News

Bannon savages GOP leaders in fight for ...

5 days ago
Latest News

IOC: Russians can compete at Olympics, b ...

5 days ago
Latest News

California communities under siege from ...

5 days ago
Most Popular

Mexico's Industries seek U.S. Partner Co ...

By Rosalba Amezcua
Business

Cuba to Lift Penalty on Dollar but Warns ...

By The Associated Press
Business

Switzerland to Hand Venezuela Oil Firm B ...

By Reuters
Business

New Delivery App Rappi Says It's Not Sel ...

By Caitlin Donohue
Business

Backpage.com Lawyers Want Executives' Pi ...

By The Associated Press
Business