CHAT

Saturday, 24 October 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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World Bank okays $304m loan for Punjab

The News International 24 Oct 2020

The GoPb (Government of Punjab) will provide the World Bank with reports annually or more frequently as warranted, reporting any credible allegations of fraud and corruption received and registered under the programme as well as related investigations and, as needed, the actions taken. The reporting template will be agreed with the World Bank....

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A leader for difficult times

Indian Express 24 Oct 2020

Not only has Saudi Arabia been ranked the top reformed and top improver among 190 countries by the World Bank’s Women, Business and the Law 2020 report, it is also the most improved country in the world for doing business, having implemented a record number of reforms....

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World Bank: Houthi ban on new currency exacerbates Yemen economic crisis

Middle East Monitor 23 Oct 2020

The World Bank announced in a ... “Urgent progress to address the current restrictions of access to supplies and fuel imports through Hodeidah would improve the provision of public services and the operational environment for humanitarian operations,” the World Bank report concluded....

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Money Reimagined: “They Starve.” The Ugly Side to the US’s KYC-AML Obsession

XBT.MONEY 23 Oct 2020

According to a 2017 World Bank report, 1.7 billion adults are “unbanked” worldwide ... In this pandemic-interrupted year, those costs will be felt even more, as remittances from rich countries to poorer ones are expected to drop by a record 19.7 percent to $445 billion, according to the World Bank....

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World Bank: Energy prices to rebound as confidence returns to market

The Philadelphia Inquirer 23 Oct 2020

... in 2022, according to the World Bank ... Last April, the World Bank's forecast was at $42 per barrel next year from $35 per barrel in 2020....

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Tanzanian Voters Weigh Second Term for Magufuli

Beijing News 23 Oct 2020

Its growth over the last decade has continued under Magufuli, with per capita gross national income rising to $1,080 last year - enough to elevate Tanzania into the ranks of lower middle-income countries, the World Bank reported in July ... to the poverty line, the World Bank noted....

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Why the journey ahead is 'still long' for women in the Middle East

Arabian Business 23 Oct 2020

One thing worth noting is that in the World Bank’s Women, Business and the Law report, which tracks laws that ... Despite the progress we see measured in the World Bank report, discriminatory laws continue to threaten women’s economic security, career goals and work-life balance....

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China continues improving driving forces for win-win cooperation

People Daily 23 Oct 2020

China unswervingly follows a win-win strategy of opening-up, through which the country can draw strength from the world and better benefit the world with its development, Xi noted ... China has made great achievements in optimizing business environment, said a report released by the World Bank....

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Pseudoscientific beliefs and world views in the time of pandemic

Frontline 23 Oct 2020

The World Bank reports that about 10 per cent of the global population lives in extreme poverty, meaning that this section earns less than $1.90 a day and is severely deprived in terms of basic human needs ... In a lower-middle-income country like India (the World Bank classifies ......

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Lower oil demand likely to persist beyond 2021 due to COVID-19 pandemic: World Bank

China.dot.org 22 Oct 2020

... to stabilize below pre-pandemic levels next year, the World Bank said Thursday. Oil prices fell dramatically in the early stages of COVID-19 and have only partially regained pre-pandemic price levels, according to the World Bank's semi-annual Commodity Markets Outlook report....

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World Bank Sees Oil Average $44 in 2021

Oil Price 22 Oct 2020

... just $44 a barrel, the >World Bank said in its semi-annual Commodity Markets Outlook report on Thursday....

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Coronavirus: Top Palestinian official Saeb Erekat in 'critical' condition

BBC News 22 Oct 2020

Since the start of the pandemic more than 58,500 confirmed cases of Covid-19 and 478 deaths have been reported in the West Bank, including East Jerusalem, and the Gaza Strip, according to the World Health Organization (WHO). Israel has meanwhile reported more than 303,000 cases and 2,209 deaths....

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Iraqi Kurds look to diversify in face of energy crunch

Arab News 22 Oct 2020

MEER ROSTAM, Iraq ... The Iraqi economy, one of the world’s most oil dependent according to the World Bank, saw its gross domestic product contract by about 10 percent this year ... A World Bank report this year pointed to Iraq’s “failure to equitably share the benefits of oil wealth” and described a murky patronage system ... .......