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China continues to borrow an average of $2 billion a year from the World Bank, making it one of the Bank’s top borrowers—despite being the world’s second-largest economy and itself a major global lender, according to our study released today.

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Fed minutes pointed toward the strong likelihood of another quarter-point adjustment in the central bank’s benchmark rate target next month. Officials indicated that further post-meeting statements might be altered to remove the reference to “further gradual increases” in the target range as long as current conditions persist. “A couple of participants noted that the federal […]

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