It will take "a few months for things to come back" once the Strait of Hormuz is no longer effectively closed, Banga said.
David Malpass' comments come as US President Donald Trump and China's Xi Jinping are due to meet in Beijing.
Hosted on MSN
Who is Ajay Banga? World Bank president part of 'Board of Peace' for Gaza; Trump to chair
Indian-American World Bank president Ajay Banga is among the leaders named to the ‘Board of peace’ for Gaza redevelopment under US President Donald Trump’s plan to end the conflict. The White House on ...
Even if the Strait of Hormuz reopens tomorrow, the damage will not undo itself overnight. That is the message from the head of the World Bank. World Bank President Ajay Banga, speaking to CNBC's Karen ...
WASHINGTON, April 13 (Reuters) - The Middle East war will dominate global finance officials' talks this week in Washington, but World Bank President Ajay Banga is sounding the alarm about a bigger, ...
WASHINGTON, April 7 (Reuters) - World Bank President Ajay Banga said on Tuesday the war in the Middle East would result in some degree of slower growth in the global economy and higher inflation, ...
The World Bank is seeking to play a constructive role in aiding Gaza's recovery from the two-year war between Israel and ...
International financial institutions want to help countries achieve goals to move off imported oil and gas. The Trump administration would rather they don't.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results