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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WB reinstates budgetary support to Pakistan over economic stability

Xinhua 22 Nov 2019

22 (Xinhua) -- Pakistani Federal Minister for Economic Affairs Muhammad Hammad Azhar said on Friday that the World Bank (WB) has reinstated budgetary ... dollars in loan from the World Bank too, local media reported....

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State counselor stresses need of constant efforts, perseverance for Myanmar's economic growth

Xinhua 22 Nov 2019

... continued efforts are needed to maintain the good result of moving up six spots to 165th with 46.8 scores on the World Bank's latest "Ease of Doing Business 2020" report. Myanmar stood at 171st place with 44.72 scores in the world bank's last year report of ease of doing business....

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Iconic singer hopes to close financing gap for African women

The Philadelphia Tribune 22 Nov 2019

... a business, the highest percentage in the world, the bank says ... In the World Bank’s latest Women, Business and Law report in 2018, 32% of reforms tracked in sub-Saharan African countries addressed equal treatment for women and men in accessing credit and financial services....

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China’s tech rivalry with US fueling trade war

Asiatimes 22 Nov 2019

His comments came after the Development Research Center, the Ministry of Finance and the World Bank jointly released a study entitled Innovative China ... This week, World Bank chief David Malpass again urged Beijing to further open up its economy and reduce state subsidies, echoing demands made by Washington during trade talks....

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Saudi government agency announces new petrochemical investment deals worth over $2bn

Arab News 22 Nov 2019

According to the 2019 Global Competitiveness Report published by the World Economic Forum, Saudi Arabia had moved up three positions to 36th as a result of efforts to diversify the Kingdom’s economy. Earlier this month, the country climbed 30 places to 62nd in the World Bank’s Doing Business 2020 report, becoming the most improved economy globally....

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THE MONETIZATION OF OPEN BANKING: How legacy institutions can use open banking to develop new revenue streams, reach more customers, and avoid losing out to neobanks and fintechs

The Times of India 21 Nov 2019

Open banking has arrived, and it's transforming the UK's banking landscape - next up could be the world ... But however you decide to acquire this report, you've given yourself a powerful advantage in your understanding of the fast-moving world of fintech....

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Reports on traders’ perception survey and customs data given to customs officers

The News International 21 Nov 2019

Dr Jawwad Uwais Agha, Member Customs (Operations), in his opening remarks, appreciated the World Bank’s efforts and considered the reports to be very informative and useful for future improvements in Customs procedures and working....

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How Somalia’s data could aid recovery

Gareowe Online 21 Nov 2019

“The work we have done and the trustworthiness we have earned brought us here," he said, referring to the World Bank agreeing to grant the country $80 million, the first direct grant from the Bank in nearly three decades ... In fairness, there are signs of a rising giant, at least from the World Bank data....

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China needs to ensure policies boost economy, lower real rates - Premier Li

Canada Dot Com 21 Nov 2019

Monetary policy needs to place more stress on developing the real economy, especially small and medium-sized enterprises, Li told reporters after a roundtable with World Bank and IMF chiefs ... Growth in the world’s second largest economy slowed more than expected to 6.0% year-on-year in the third quarter, the weakest pace in nearly 30 years....

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Current account surplus widens in third quarter

Taipei Times 21 Nov 2019

The latest BOP report summarized Taiwan’s transactions with the rest of the world with regard to movements of goods, services and income by residents and foreigners during the July-to-September period ... Local mutual funds and insurance companies raised holdings in foreign securities by US$21.9 billion, the bank said....

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PIC/IISA Impact Investing Report aims to close the knowledge gap

Independent online (SA) 21 Nov 2019

An Early Childhood Development (ECD) social impact bond launched in 2018 aimed to boost human capital in line with the World Bank’s focus on human capital as a key enabler in a country’s economic development ... The World Bank last year launched its annual Development Report with a special focus on human capital ... BUSINESS REPORT ....

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China needs to ensure policies boost economy - Premier Li

Canada Dot Com 21 Nov 2019

... monetary policy needs to be better suited to boosting economic activity, Li told reporters after a roundtable with World Bank and IMF chiefs....

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‘Technology Will Enhance SMEs’ Operations’

This Day 21 Nov 2019

The 2020 World Bank Doing Business report, which was recently released, has shown that the overall business climate in sub-Saharan Africa was steadily improving. The report, however, insisted that technology deployment would enhance Small and Medium Enterprises (SMEs) business in Africa....