World Bank chief warns diesel, fertilizer and El Nio pressures are building at once

Image for article World Bank chief warns diesel, fertilizer and El Nio pressures are building at once
News Source : Yahoo Entertainment

News Summary

  • 18,000 people registered to attend the meetings, 4,000 more than the ‌last off-site meetings held in Morocco in October 2023.
  • US Treasury Secretary Scott Bessent, who dispatched two senior officials in his stead while he handles some "domestic engagements," a US official said.
  • Federal Reserve Board Chairman Kevin Warsh will attend and is slated to participate in a public event with Kristalina Georgieva on October 16.
  • World Bank President Ajay Banga said global growth had held up better than feared when Iran closed the Strait of Hormuz, shutting off some 20% of the world's oil.

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