CHAT

Thursday, 29 October 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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UN, World Bank urge school openings amid pandemic

Asiatimes 29 Oct 2020

The UN and World Bank pleaded in a new report Wednesday for schools to remain open despite Covid-19 risks, highlighting the damage the pandemic has inflicted on children’s education, especially in poor nations ... The report from UNICEF, UNESCO and the World Bank was based on ......

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Central banks sell gold for first time in decade as virus bites

Live Mint 29 Oct 2020

Central banks became gold sellers for the first time since 2010 as some producing nations exploited near-record prices to soften the blow from the coronavirus pandemic. Net sales totaled 12.1 tons of bullion in the third quarter, compared with purchases of 141.9 tons a year earlier, according to a report by the World Gold Council....

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Mboweni concedes World Bank loan uncertain as talks drag on

Independent online (SA) 28 Oct 2020

International wire agencies have reported that the talks, which began in April, have been derailed by the World Bank's insistence that South Africa slashes its public wage bill and guarantees that it will not use the funds to prop up loss-making state-owned entities....

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How Nigeria can deepen farmers’ bank account usage

Business Day Online 28 Oct 2020

To analyze this issue, the World Bank recently released the report ‘Digitization of Agribusiness Payments in Africa ... Speaking to the importance of financial inclusion for farmers, the report by the World Bank explained that the transaction history that farmers accumulate can ......

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Learning poverty

Dawn 28 Oct 2020

A RECENT report by the World Bank has revealed that Pakistan’s economy could incur considerable losses in ... To prevent new dropouts, the World Bank report suggests conducting mass enrolment drives with cash incentives for families to encourage them to send their children to school....

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United Multistate Credit Partners with Cashaa to Provide Crypto Banking Services in India

Coinspeaker 28 Oct 2020

Despite the Indian Supreme Court ordering the legality of digital assets, most traditional banks have not adopted them ... With India recording a huge unbanked population, over 200 million according to world bank reports, crypto oriented businesses are eyeing to venture and capitalize early enough....

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Northern Aral's promise stunted by dam height, international disputes

Beijing News 28 Oct 2020

Finally, Kazakhstan alone approached the World Bank, which ... In the early 2010s, the World Bank and the government of Kazakhstan engaged in what a bank report called a "laborious dialogue" about next steps, ultimately agreeing to spend $300 million on second and third phases....

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Budget a tough balancing act for Tito Mboweni

Independent online (SA) 28 Oct 2020

The DA said Mboweni must stick to fiscal consolidation and also cut the debt ... DA MP and finance spokesperson Geordin Hill-Lewis said yesterday they welcomed reports that discussions between the government and the World Bank over the $2 billion (R32bn) loan had stalled. He said the World Bank should not grant the loan to bailout SOEs....

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The Neoliberal Capitalist Lockdown: Class Consciousness in the Age of COVID

GlobalResearch 28 Oct 2020

Bohne quotes the World Bank to underline her point .. “In order to reverse this serious setback to development progress and poverty reduction, countries will need to prepare for a different economy post-COVID, by allowing capital, labor, skills, and innovation to move into new businesses and sectors.” World Bank, October 2020 Report....

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Why coronavirus will accelerate GCC, global digital transformation

Arabian Business 28 Oct 2020

Shaping the UAE into the world's next tech centre of excellence ... In the most recent report from the World Bank on ease of doing business, the UAE was position highest in the Middle East at 11th globally, while Saudi Arabia ranked 92, Bahrain 62 and Kuwait 97....

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Global Debt Disaster with No Escape. Under the “New Normal”, Poor Countries Worldwide are Heading ...

GlobalResearch 27 Oct 2020

In its report for the semi-annual meeting, the World Bank reckons that the pandemic will push between 88m and 115m people into extreme poverty this year, which the bank defines as living on less than $1.90 a day (a pathetically low threshold anyway) ... The World Bank has pledged ......

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World Bank’s ’insistence’ SA government commit to not bailing out SOEs welcomed

Independent online (SA) 27 Oct 2020

In a statement on Tuesday, the DA said the ’’World Bank’s insistence on these obvious reforms is a clear warning to the ANC government ... Bloomberg reported that the World Bank’s conditions have stalled negotiations on the loan that began in April, a source said, asking not to be identified....

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Ghana is not back to HIPC – Information Minister

Graphic 27 Oct 2020

According to him, government did not apply to the International Monetary Fund (IMF) or the World Bank to be listed onto HIPC programme and urged the public to disregard such false reports ... He noted that currently, there was no ongoing HIPC programme under implementation by the IMF or World Bank....