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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Duration of electricity interruption much higher in Pakistan: WB

Dawn 09 Aug 2020

The World Bank, in its first comprehensive stock-taking of infrastructure services in Asia, says although electricity access in Pakistan is in line with ... In terms of water and sanitation, the World Bank report says piped water and sewerage access are low, even in urban areas....

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PM Imran to kick off Pakistan's biggest tree plantation drive today

The News International 09 Aug 2020

PM Imran to plant sapling in Korang ... Aslam added that Pakistan was the fifth most vulnerable country to climate change in the world and it is was our responsibility to act now. Referring to a World Bank report on climate change, Aslam said if action was not taken, six districts of Pakistan would be under threat to become inhabitable till 2050 ... ....

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Supercars and champagne: Bangkok's rich purr through pandemic

The Times of India 09 Aug 2020

BANGKOK ... Thailand is home to the ninth most billionaires anywhere, according to the China-based Hurun Report's Global Rich List 2020 ... It is a bet on the wealth sloshing around Bangkok ... Even before the pandemic hit, the number of people living in poverty had risen by nearly two million to 6.7 million, according to a March report by the World Bank....

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China improves business environment to spur economy

Sina 08 Aug 2020

According to the World Bank's Doing Business 2020 report, China made significant progress in the 2005-2020 ... According to the World Bank report, the proliferation of e-government services is one of the key factors driving China's success in improving the business environment....

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China’s new development pattern to infuse impetus into world economy

People Daily 08 Aug 2020

China has made great achievements in advancing reforms to delegate power, streamline administration and optimize government services as well as in improving the business environment, according to a report on China’s success in doing business issued recently by the World Bank....

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Xinhua Headlines: China improves business environment to spur economy

Xinhua 07 Aug 2020

-- According to a World Bank report, the proliferation of e-government services is one of the key factors driving China's success in improving the business environment ... According to the World Bank report, the proliferation of e-government services is one of the key factors driving China's success in improving the business environment....

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Everything You Need To Know About The Current Situation In Beirut, And How You Can Help

Vogue 07 Aug 2020

Between 2014 and 2017, customs officials reportedly sent six letters to the Beirut Urgent Matters Judge, requesting that the hazardous material be removed, but no action was taken ... The World Bank has estimated that around 22 per cent of Lebanese live below the extreme poverty line, while thousands have been going hungry ... Lebanese Food Bank....

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COVID-19 vaccine: Serum Institute signs a deal with GAVI, Gates Foundation to produce 100 million doses

Live Mint 07 Aug 2020

Pune-based drugmaker will have exclusive rights for the vaccine in India during the term of the deal and non-exclusive rights during the "Pandemic Period" in all countries other than those designated by the World Bank as upper-middle or high-income countries....

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Nigeria: 'Women Gain Economic Benefits From Greater Trade'

All Africa 07 Aug 2020

Trade increases women's wages and helps close the wage gap between men and women while creating better jobs for women, a new World Bank Group report has stated .......

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Big tech stocks could fall sharply if there's a vaccine

CNN 07 Aug 2020

A vaccine approval could lead to "the kind of rotation that started and petered out in May and early June, supporting traditional cyclicals, steeper curves and banks, and challenging tech leadership," Goldman said in the report ... The world could look very different to investors in three months....

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Post COVID-19: Building Nigeria’s economy through agriculture

Business Day Online 07 Aug 2020

A World Bank report projected a 2.1 percent decline in GDP growth for sub-Saharan Africa and a loss between US$37 billion and US$79 billion due to the pandemic ... COVID-19 crisis may wipe out demand for fossil fuel according to a report by the International Energy Agency (IEA), the world’s energy watchdog....

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Macron says aid to blast-stricken Lebanon will not go to 'corrupt hands'

The Times of India 07 Aug 2020

He told reporters that an audit was needed on the Lebanese central bank, among other urgent changes, and that the World Bank and United Nations would play a role in any Lebanese reforms ... With banks in crisis, a collapsing currency and one of the world's biggest debt burdens, ......

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World Bank to support Palestine with 30 mln USD

Xinhua 06 Aug 2020

The report said that the Palestinian Authority Minister of Finance Shukri Bishara and the World Bank's Director in Palestine Kanthan Shankar signed the agreement at the office of Palestinian Prime Minister Mohammed Ishtaye in Ramallah....