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Monday, 28 September 2020

World Bank

The World Bank is an international financial institution that provides loans to developing countries for capital programs. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group, which is part of the United Nations system.

The World Bank's official goal is the reduction of poverty. However, according to its Articles of Agreement, all its decisions must be guided by a commitment to the promotion of foreign investment and international trade and to the facilitation of Capital investment.

World Bank Group

The World Bank is not to be confused with the World Bank Group, an extended family of five international organizations:

International Bank for Reconstruction and Development (IBRD)

International Development Association (IDA)

International Finance Corporation (IFC)

Multilateral Investment Guarantee Agency (MIGA)

International Centre for Settlement of Investment Disputes (ICSID)

This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/World_Bank

Latest News for: World bank report

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Ghana Audit Service under Domelevo features as good example of anti-corruption agency in World Bank report

Ghana Business News 28 Sep 2020

In this World Bank report on anti-corruption, the GAS was prominently featured as a good example of an agency fighting corruption and the wanton waste of public funds ... In 2017, the AG worked closely with the World Bank and the IMF to undertake an audit of government payment arrears that had accumulated over the period 2013–2016....

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Ghana Audit Service under Domelevo features as good example of anti-corruption agent in World Bank report

Ghana Business News 28 Sep 2020

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UAE aims to top World Bank's ease of doing business list in 2021

The National 28 Sep 2020

Saudi Arabia is top improver in World Bank’s Doing Business report as UAE leads the region. In the 16th place, the UAE has an ease of doing business score of 80.9 out of 100 and is the strongest performer overall in the Middle East and North Africa region, according to the World Bank's Doing Business 2020 report released in October....

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68% lost jobs in Dhaka, Chittagong due to Covid-19

The Siasat Daily 28 Sep 2020

Around 68 per cent of the people who were working in Bangladesh’s urban areas of Dhaka and Chittagong have lost their jobs due to the coronavirus pandemic, a new World Bank report has revealed ... According to the World Bank report, the income losses were widespread across the three areas....

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China’s leaders to endorse lower 2021-2025 growth target at key meeting--sources

Asahi News 28 Sep 2020

The World Bank defines high-income countries as those with per capita gross national income (GNI) of above $12,535. China’s per capita income reached $10,410 in 2019, according to the World Bank ... nation by 2024 and overtake the United States as the world’s largest economy by 2032....

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Chinese leaders to endorse lower 2021-2025 growth target at key meeting

Deccan Herald 28 Sep 2020

The World Bank defines high-income countries as those with per capita gross national income (GNI) of above $12,535. China's per capita income reached $10,410 in 2019, according to the World Bank ... nation by 2024 and overtake the United States as the world's largest economy by 2032....

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Rwanda’s ambassador optimistic about e-commerce cooperation with China

People Daily 28 Sep 2020

We could have a live broadcast and go to the rest of the world,” the ambassador said, adding, “We want to work together in marketing and make Rwandan coffee known to Chinese consumers.” ... According to the World Bank’s Doing Business 2019 report, Rwanda ranks 29th in the world and second in Africa....

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The real centres of money laundering

Jamaica Observer 27 Sep 2020

... finding a niche in the modern globalised world economy ... A report by the International Consortium of Investigative Journalists alleges that that a number of world's most prominent banks have continued to profit from illicit dealings with disreputable people and criminal networks....

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SHOPPING ONLINE: THE RISE OF DIGITAL PAYMENTS

Dawn 27 Sep 2020

For better or worse, the Covid-19 outbreak left customers around the world with little option than to shop from their homes ... Reportedly, only 21 percent Pakistanis have access to traditional banking services ... According to the World Bank, Pakistan’s digital financial market potential is almost 36 billion dollars....

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Wedding goes on until police bust in

The Norman Transcript 27 Sep 2020

In recent weeks, such unhappy endings to long-awaited weddings have become a common story in the Arab world, as resurgent coronavirus caseloads trigger tough police action ... The Palestinian Authority has reported over 34,500 cases in the West Bank and 270 deaths....

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World Bank approves $450m to support Pakistan’s transition to renewable energy

Gulf News 26 Sep 2020

In FY19, nearly 40 per cent of country’s total electricity generated (and 55 per cent of thermal generation) was through imported fossil fuels that required US$4 billion (or 7 per cent of total import bill) in fuel payments for power generation, according to a World Bank report....

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For Arab Newlyweds, The Party Goes On Until Police Bust In

Yahoo Daily News 26 Sep 2020

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China nears poverty reduction goal, a model for global campaign

People Daily 26 Sep 2020

... Bank have also led some underdeveloped countries to rise above poverty. According to a research report published by the World Bank in October last year, the BRI is expected to lift 7.6 million people out of extreme poverty and 32 million out of moderate poverty across the world....