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

Edit

World Bank withdrew from Amaravati due to rampant corruption, say AP officials

Live Mint 21 Jul 2019

The then TDP government had invited tenders for infrastructure development even before the World Bank loan details were finalized, said an official with the state government, requesting anonymity ... The Centre has reportedly expressed dismay over the World Bank Team inspections even before the loan was finalized, said the official....

Edit

India to get its first dedicated hiring consultancy firm for LGBTQ community

India TV 21 Jul 2019

Not just unemployment of LGBTIQ candidates, even the lack of sensitisation and unfriendly policies towards businesses that cater to this internationally significant segment of consumers has led to an estimated loss of around $30 billion to India's GDP as per a World Bank report....

Edit

India set to get first dedicated LGBT hiring consultancy

Suryaa 21 Jul 2019

Edit

Imran Khan Takes Metro After Donald Trump Administration Sends No Officials to Receive Pakistan Prime Minister on His Three-Day Official Visit to US

Yahoo Daily News 21 Jul 2019

In addition to this, it is reported that Imran Khan will stay at Pakistan Ambassador’s official residence to save the hotel expenses ... Imran Khan will be in Washington DC and will reportedly meet IMF acting chief David Lipton and World Bank President David Malpass on his official trip....

Edit

Envoy invites Davao biz to invest in Indonesia

Sun Star 21 Jul 2019

“The Indonesian government does not only prioritize inbound investments but also place emphasis on encouraging Indonesians to expand their business abroad,” he added ... He noted that their country ranked 73d among 190 economies in terms of competitiveness in Ease of Doing Business according to the 2019 edition of the World Bank’s report on economies ... ....

Edit

Amravati smart city: Huge setback for pet Andhra project as World Bank drops plan to lend $300 million

Yahoo Daily News 20 Jul 2019

On a loan sought by the former Chief Minister, the World Bank was considering lending an amount of $300 million for infrastructure development in the capital of the state, under the Amaravati Sustainable Capital City Development Project, according to a recent IE report....

Edit

Assam Floods – Why 65 years of status quo?

Yahoo Daily News 20 Jul 2019

Each year, Assam suffers a staggering social and economic loss from flood and river bank erosion ... The earliest reported floods in Assam is from 1915 ... It is fervently hoped that the long gestating Report being prepared by World Bank for DONER and Niti Aayog hopefully addresses all the above and is published soon....

Edit

G7 Agrees on Crypto Action Plan Spurred by Facebook’s Libra

Bitcoin 20 Jul 2019

Its final report and recommendations are expected by the time of the IMF-World Bank annual meetings in October ... payments, similar to the SWIFT network used by banks, in an effort to fight money laundering,” Reuters reported Thursday, citing a person familiar with the matter....

Edit

Low-cost housing

Dawn 20 Jul 2019

Financed by the private sector and commercial banks, and ... So far, the Pakistan Mortgage Refinance Company is said to have received $58m from the World Bank towards this effort, it was reported in January, while the countrywide scheme was launched in Balochistan in April this year....

Edit

Odisha plans a roadmap to rebuild a better state every time disaster strikes

Hindustan Times 20 Jul 2019

As per a report jointly prepared by the state government, World Bank, Asian Development Bank and the United Nations, cyclone Fani caused losses worth Rs 24,176 crore and affected over 1.65 crore people in the state ... The report said Odisha was close to achieving zero mortality, but loss of livelihoods and infrastructure in disasters had increased....

Edit

World Bank says it 'dropped' Amaravati project due to Centre withdrawing finance request

The Times of India 19 Jul 2019

"Was it not the YSRC that instigated farmers to lodge complaints with the World Bank? Is not the YSRC responsible for the World Bank going back (on the loan commitment)," he asked during an informal chat with reporters in the assembly lobby....

Edit

Tanzania to review GDP figure after lower World Bank estimate

Independent online (SA) 19 Jul 2019

The World Bank report follows an unpublished International Monetary Fund (IMF) paper in April that also raised questions over Magufuli’s handling of the economy ... In its report, the World Bank said investment growth was subdued partly because of government struggles to meet spending targets in development projects....

Edit

World Bank pulls funding for new state capital in India after Delhi drops support

Yahoo Daily News 19 Jul 2019

The World Bank's withdrawal was reported by Indian media on Thursday but the federal government's involvement in that decision has not been previously disclosed, nor had the AIIB's plans for a review ... AIIB spokeswoman Laurel Ostfield told Reuters in Beijing that it was aware the World Bank has dropped the project from its investment pipeline....