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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LCCI Urges W’Bank to Review Ease of Doing Business Indicators

This Day 22 Jan 2019

The Lagos Chamber of Commerce and Industry (LCCI) has advised the World Bank to review its Ease of Doing Business Index to reflect the reality of each country ... Yusuf, said it was cogent for the World Bank to include these excluded variables in order to have a parameter that reflects the reality of each country....

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South Africa’s Economy to Grow to 1.3% in 2019, Says World Bank

This Day 22 Jan 2019

The World Bank has said that South Africa’s economic growth will accelerate to 1.3 per cent in 2019 from an estimated 0.9 per cent in 2018. The World Bank, in its latest report on Tuesday, cited the implementation of structural reforms announced in 2018 for the growth....

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China's economy is weakening, spurring fear of a global slowdown. The trade war isn't helping

The Los Angeles Times 22 Jan 2019

This month, the World Bank released an outlook report titled “Darkening Skies” in which it cut its global growth forecast for 2019 to 2.9% from 3% and cited the U.S.-China trade war as a big concern ... Last month, a former chief economist at the Agricultural Bank of ......

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#WEF2019: Oxfam calls for wealth tax to balance inequality

Independent online (SA) 22 Jan 2019

South Africa is one of the most unequal countries in the world, with a World Bank report showing last year that inequality had deepened since the dawn of democracy ... The report also said the wealth of the world's billionaires increased by $900 billion (R12.43 trillion), or $2.5bn a ......

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Global economic growth to remain at 3% in 2019-2020, predicts UN

India TV 22 Jan 2019

According to the report titled “United Nations World Economic Situation and Prospects 2019”, a worrisome combination of development challenges could further undermine growth ... World Bank downgrades its forecast for 2016 global economy to 2.4 percent. The report, launched on Monday ......

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Raghuram Rajan says Google-like ‘super star’ firms giving services for free is good; but here is concern

Yahoo Daily News 22 Jan 2019

Speaking at World Economic Forum 2019, former Reserve Bank of India (RBI) Governor said that it s to be seen for how long such a trend would continue. The professor at the Chicago University also said the as nothing comes for free, it needs to be seen who pays for all this, PTI reported him saying....

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Investors take refuge in dollar as global markets slump

Business Day 22 Jan 2019

In its World Economic Outlook report, the IMF predicted the global economy would grow at 3.5% in 2019 and 3.6% in 2020, down 0.2 and 0.1 percentage point respectively from last October's forecasts ... The European Central Bank holds its first meeting of the year on Thursday....

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Tanzanian president seeks to resolve problems in minerals sector

Xinhua 22 Jan 2019

DAR ES SALAAM, Jan ... "I want to hear from you - mining stakeholders - and I want you to speak openly," he added ... The president noted that a recent World Bank report showed that Tanzania was not the leading exporter of minerals even among East African countries, despite the country's vast mineral wealth ... ....

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Chinese scholars anticipate four major trends of China’s economy in 2019

People Daily 22 Jan 2019

... the coming year, Chinanews.com reported on Monday ... The World Bank (WB) and the International Monetary Fund (IMF) have cut their global economic growth forecasts for 2019 due to various factors, including the slow development of international trade and manufacturing industries....

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How services helped power “Factory Asia”

Asia Pathways 22 Jan 2019

In fact, average annualized growth rates were very close ... Organisation for Economic Co-operation and Development (OECD) and World Trade Organization (WTO) Trade in Value-Added (TiVA) database; and author’s calculations ... On the one hand, the servicification of economies all around the world (e.g., Bamber et al ... _____ ... Report prepared for the World Bank....

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THE COST OF DARKNESS TO BUSINESSES

This Day 21 Jan 2019

This much is contained in a recent World Bank report which revealed that Nigerian businesses experience an average of 239 hours of power outage every month ... Amplifying this, the World Bank report further stated that annual per capita electricity consumption of Nigeria is 147 ......

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Indo-Pak trade: potential vs reality

The News International 21 Jan 2019

What if trade between India and Pakistan was valued at $37 billion instead of $2 billion? This is not a guess but a prediction made in the World Bank’s latest report titled ‘A Glass Half Full ... But there are some key questions that the World Bank’s report seems to overlook....

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India Might Surpass UK in World’s Largest Economy Rankings: PwC

Yahoo Daily News 21 Jan 2019

According to World Bank data, India became the world’s sixth largest economy in 2017 surpassing France and was likely to go past the UK which stood at the fifth position ... As per the World Bank data, in 2017, India became the sixth largest economy with a GDP of USD 2 .59 trillion, relegating France to the seventh position....