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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World Bank ready to finance other projects in Andhra Pradesh: Official

DNA India 21 Jul 2019

The World Bank, based on field-level investigations, sought an explanation from the Capital Region Development Authority over these issues but the explanation was "unsatisfactory." The World Bank team submitted its final report on March 29, 2019....

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World Bank withdrew from Amaravati due to rampant corruption, say AP officials

Live Mint 21 Jul 2019

The then TDP government had invited tenders for infrastructure development even before the World Bank loan details were finalized, said an official with the state government, requesting anonymity ... The Centre has reportedly expressed dismay over the World Bank Team inspections even before the loan was finalized, said the official....

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India to get its first dedicated hiring consultancy firm for LGBTQ community

India TV 21 Jul 2019

Not just unemployment of LGBTIQ candidates, even the lack of sensitisation and unfriendly policies towards businesses that cater to this internationally significant segment of consumers has led to an estimated loss of around $30 billion to India's GDP as per a World Bank report....

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India set to get first dedicated LGBT hiring consultancy

Suryaa 21 Jul 2019

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IndiGo parent to raise board strength to 10

Live Mint 21 Jul 2019

Mint had reported last Monday that the company was to consider expanding its board of directors at its meeting later in the week ... Damodaran, who serves as the chairman, Rohini Bhatia, InterGlobe Technology president Anil Parashar and former World Bank executive Anupam Khanna, an independent director....

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Imran Khan Takes Metro After Donald Trump Administration Sends No Officials to Receive Pakistan Prime Minister on His Three-Day Official Visit to US

Yahoo Daily News 21 Jul 2019

In addition to this, it is reported that Imran Khan will stay at Pakistan Ambassador’s official residence to save the hotel expenses ... Imran Khan will be in Washington DC and will reportedly meet IMF acting chief David Lipton and World Bank President David Malpass on his official trip....

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Envoy invites Davao biz to invest in Indonesia

Sun Star 21 Jul 2019

“The Indonesian government does not only prioritize inbound investments but also place emphasis on encouraging Indonesians to expand their business abroad,” he added ... He noted that their country ranked 73d among 190 economies in terms of competitiveness in Ease of Doing Business according to the 2019 edition of the World Bank’s report on economies ... ....

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Consumer credit score is key to lending

Kathimerini 21 Jul 2019

On the more general question of the importance of credit bureaus and the information they process in individuals’ lending, the best I can offer is to echo the views of the 2011 World Bank’s General Principles for Credit Reporting, which says that ... Through credit reporting information and the tools derived from it (e.g....

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Amravati smart city: Huge setback for pet Andhra project as World Bank drops plan to lend $300 million

Yahoo Daily News 20 Jul 2019

On a loan sought by the former Chief Minister, the World Bank was considering lending an amount of $300 million for infrastructure development in the capital of the state, under the Amaravati Sustainable Capital City Development Project, according to a recent IE report....

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Assam Floods – Why 65 years of status quo?

Yahoo Daily News 20 Jul 2019

Each year, Assam suffers a staggering social and economic loss from flood and river bank erosion ... The earliest reported floods in Assam is from 1915 ... It is fervently hoped that the long gestating Report being prepared by World Bank for DONER and Niti Aayog hopefully addresses all the above and is published soon....

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G7 Agrees on Crypto Action Plan Spurred by Facebook’s Libra

Bitcoin 20 Jul 2019

Its final report and recommendations are expected by the time of the IMF-World Bank annual meetings in October ... payments, similar to the SWIFT network used by banks, in an effort to fight money laundering,” Reuters reported Thursday, citing a person familiar with the matter....

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Low-cost housing

Dawn 20 Jul 2019

Financed by the private sector and commercial banks, and ... So far, the Pakistan Mortgage Refinance Company is said to have received $58m from the World Bank towards this effort, it was reported in January, while the countrywide scheme was launched in Balochistan in April this year....

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Odisha plans a roadmap to rebuild a better state every time disaster strikes

Hindustan Times 20 Jul 2019

As per a report jointly prepared by the state government, World Bank, Asian Development Bank and the United Nations, cyclone Fani caused losses worth Rs 24,176 crore and affected over 1.65 crore people in the state ... The report said Odisha was close to achieving zero mortality, but loss of livelihoods and infrastructure in disasters had increased....