CHAT

Wednesday, 02 December 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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Why CBN’S improved diaspora remittances rule may not reach full potential

Business Day Online 02 Dec 2020

It is more expensive to send money to Nigeria and some other countries in Sub-Saharan Africa (SSA) than anywhere else in the world, according to the October 2020 Brief of the World Bank’s Migration and Development report ... According to the World Bank, remittance costs across many ......

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Pandemic could push 72 mln more children into "learning poverty": World Bank

China.dot.org 02 Dec 2020

... text by age 10, the World Bank said Wednesday. The pandemic is amplifying the global learning crisis that already existed, according to two new World Bank reports, which outlined a new vision for learning and the investments and policies needed, including on education technology....

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Lebanon plunged into 'deliberate depression' — World Bank

The Jordan Times 02 Dec 2020

BEIRUT — Lebanon's economy is sinking into a "deliberate depression", the World Bank said on Tuesday in a damning report stressing the authorities' failure to tackle the crisis ... "Lebanon is suffering from a dangerous depletion of resources, including human capital, with brain drain becoming an increasingly desperate option," the World Bank warned....

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Ghana moves beyond mobile money, deepens financial inclusion with QR payment system

Business Day Online 02 Dec 2020

Even though the population of Africa’s largest economy is 2.6 percent of the total world population, the World Bank Global Findex Report 2017 estimates that 3.4 percent of Nigerians are among the global 1.7 billion adults who are unbanked and financially excluded....

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World Bank: More than half of Lebanon will be poor by 2021

Middle East Monitor 02 Dec 2020

The World Bank warned yesterday that more than half of Lebanese people will be poor by 2021 and criticised the local authorities' "deliberate lack of ... A report by the World Bank Lebanon Economic Monitor (LEM) said....

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France looks to rally aid for Lebanon, but no bailout

The Independent 02 Dec 2020

In a dire report published Tuesday, the World Bank said Lebanon’s economy faces an “arduous and prolonged depression,” with real GPD projected to plunge by nearly 20% because its politicians refuse to implement reforms that would speed up the country’s recovery ... Another key international demand is a Central Bank audit....

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Lebanon has failed to implement any key reforms, says France

The Irish Times 02 Dec 2020

In a damning report titled The Deliberate Depression, the World Bank says that “a year into Lebanon’s severe economic crisis, deliberate lack of effective policy action by authorities has subjected the economy to an arduous and prolonged depression” ... Bank regional director Saroj Kumar Jha said....

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Vietnam says recent typhoons caused 192 deaths, $1.3 billion damages

Metro USA 02 Dec 2020

Vietnam is prone to destructive storms and flooding due to its long coastline. About 11.8 million people in Vietnam’s costal provinces are exposed to the threat of intense flooding, with 35% of settlements located on crowded and eroding coastlines, a World Bank report said in October. (Reporting by Phuong Nguyen; Editing by Martin Petty). ....

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Afghans brace for deadly virus spike as winter looms

Arab News 02 Dec 2020

KABUL ... Afghanistan has 117 state-run hospitals, with at least seven dedicated to coronavirus treatment ... Since the outbreak was first reported in March, the government has allocated $16 million for anti-coronavirus measures, with the World Bank and the Asian Development Bank pumping in a combined $140 million into the initiative ... .......

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Vietnam says recent typhoons caused 192 deaths, $1.75 billion damages

Straits Times 02 Dec 2020

"We embraced nine typhoons and two tropical depressions in just two months, from mid-September to mid-November ... About 11.8 million people in Vietnam's costal provinces are exposed to the threat of intense flooding, with 35 per cent of settlements located on crowded and eroding coastlines, a World Bank report said in October ... � .......

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EBG Federation releases 18th Annual position paper

Yahoo Daily News 02 Dec 2020

● Annual FDI inflow in the country is expected to rise to US$75 billion over the next five years as per the report by UBS ● “Through extensive structural reforms, India has climbed from 142 to 63 in the World Bank ease of doing business index ... Bank ease of doing business index....

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World Bank warns of 'prolonged depression' in Lebanon

Atlantic City 01 Dec 2020

... that would speed up the country’s recovery, the World Bank said Tuesday ... The World Bank report came a day before France and the U.N ... “Lack of effective policy action by authorities has subjected the economy to an arduous and prolonged depression,” the World Bank report said....

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World Bank warns of ‘prolonged depression’ in Lebanon

Wtop 01 Dec 2020

“Lack of effective policy action by authorities has subjected the economy to an arduous and prolonged depression,” the World Bank report said ... “Lack of political consensus on national priorities severely impedes Lebanon’s ability to implement long-term and visionary development policies,” said Saroj Kumar Jha, the World Bank regional director....