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

World Bank’s Blockchain-Based Bonds — A Step Toward Adoption?

The Bitcoin News 14 Aug 2018

The Blockchain Offered New Debt Instrument (bond-i) will be issued by the World Bank in Washington. The project has been spearheaded by the World Bank, which is looking to use blockchain technology to improve the way it issues bonds around the world ... As previously reported by Cointelegraph, some of the world’s leading banks have been closely monitoring the blockchain space, as was discussed at a Money 20/20 conference in June....

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Lebanon’s struggling economy: High time something is done

AME Info 14 Aug 2018

“Lebanon has been defying gravity for quite some time,” World Bank Group Vice President for the Middle East and North Africa Ferid Belhaj said last month, and a day would come when “gravity materializes,” Reuters reports. “Clearly this is not a situation which is sustainable and things need to be done,” he told journalists at the World Bank’s offices in Beirut....

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How South Korean investors help crank Indonesia 'ease of doing business'

The Jakarta Post 14 Aug 2018

According to the World Bank’s 2018 report, Indonesia scored highly on issues such as getting electricity, getting credit, protecting minority investors and resolving insolvency, but scored poorly on starting a business, dealing with construction permits, trading across borders, paying taxes and enforcing contracts ... While the World Bank report ......

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Israeli PM Netanyahu met Egypt’s El-Sisi to discuss Gaza: report

Arabnews 14 Aug 2018

Author ... A spokesman for Netanyahu declined to comment on the report and there was no immediate comment from Egyptian officials ... The two leaders discussed the easing of an Israeli-Egyptian blockade of Gaza, rehabilitation of its infrastructure and terms for a cease-fire, the report said ... The World Bank has described the situation as a humanitarian crisis with shortages of water, electricity and medicine....

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EDITORIAL: Burden of taxes

The Himalayan 14 Aug 2018

Reports from all over the country have revealed that people, including the businessmen, have taken to the streets protesting the local governments’ decisions to impose heavy taxes beyond their capacity ... A World Bank report last year said 32 per cent of Nepal’s working-age population (people aged 15-64) is either unemployed or voluntarily inactive....

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Ending the Menace of Gas Flaring

This Day 14 Aug 2018

After dithering for years, Nigeria recently indicated its preparedness to end gas flaring, an exercise that represents waste and environmental degradation reports Chineme Okafor ... In setting up the NGFCP, the government perhaps considered various reports especially that of the World Bank Global Gas Flaring Reduction Partnership which placed Nigeria as the seventh highest gas flaring country in the world....

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Philippines’ Union Bank Using Blockchain Technology For More Processes

Colorado Springs Business Journal 13 Aug 2018

Business World also reports that the bank had launched a clearing system connecting rural banks through blockchain-based technology last quarter. Supposedly, the system improves important bank ... Meanwhile, the Commonwealth Bank of Australia was selected by the World Bank to issue the world’s first blockchain bond on a private Ethereum blockchain....

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Turkey currency crisis underlines Europe’s banking woes

Market Watch 13 Aug 2018

“Euroland banks are so undercapitalized that if they take a hit, they may have to cut lending to stay within regulatory limits.” ... European bank shares were whacked Friday after the Financial Times reported that European Central Bank regulators were concerned about the exposure of Spain’s BBVA BBVA, -3.23% BBVA, -3.67% Italy’s UniCredit UCG, -2.58% and France’s BNP Paribas BNP, -1.05% to lira weakness ... Bank of America Merrill Lynch ....

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Israeli PM Netanyahu met Egypt's al-Sisi to discuss Gaza: Channel Ten News

Yahoo Daily News 13 Aug 2018

A spokesman for Netanyahu declined to comment on the report and there was no immediate comment from Egyptian officials ... The two leaders discussed the easing of an Israeli-Egyptian blockade of Gaza, rehabilitation of its infrastructure and terms for a ceasefire, the report said ... The World Bank has described the situation as a humanitarian crisis with shortages of water, electricity and medicine....

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Israeli PM Netanyahu met Egypt's al-Sisi to discuss Gaza - Channel Ten News

This is Money 13 Aug 2018

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Climate change may also pose threat to the economy, say researchers

Mid Day 13 Aug 2018

According to a World Bank report in June, climate change could cost India 2.8 per cent of its GDP due to extreme weather events. The report estimates nearly half of India's population could face a degraded living standard by 2050. Catch up on all the latest Crime, National, International and Hatke news here ... ....

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Chinese economy runs stable despite of mounting global protectionism

People Daily 13 Aug 2018

... 2018－unchanged from its April projection－in its latest World Economic Outlook, believing that “China's economy will continue to perform strongly”. The World Bank, in its Global Economic Prospects report released in June, upgraded its forecast for China's economic growth in 2018 to 6.5 percent, 0.1 percentage point higher than its January forecast....

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Funds for Kosasthalaiyar project sought

The Times of India 12 Aug 2018

The Greater Chennai Corporation has knocked on the World Bank’s door to get funds for the Kosasthalaiyar integrated storm water drain project ... A team met officials of the World Bank this week and gave a detailed explanation about the project and submitted the proposal ... We have already submitted a proposal to the World Bank team and we are sure that we will get the funds to start the project soon....

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