CHAT

Saturday, 19 October 2019

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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IMF chief says Sino-US 'trade peace' needed

China Daily 19 Oct 2019

Our meetings this week are an opportunity for all parties to make progress in moving from a trade truce to a trade peace," Georgieva told reporters on the sidelines of the annual fall meetings of the IMF and its sister lending institution, the World Bank....

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Almost a quarter of all Maltese have emigrated abroad, World Bank study shows

Independent Online 19 Oct 2019

Twenty-four per cent of all Maltese live outside of Malta, a report published by the World Bank indicates a statistic which means that the rate of emigration for the Maltese population is the highest out of any EU country ... In analysing these figures, the World Bank’s study ......

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G20 leaders agree to disallow stablecoin issuance till risks are addressed

AMB Crypto 19 Oct 2019

While a report from the European Banking Authority stated that crypto-assets typically fall outside the scope of current EU financial ... Bruno Le Maire, finance minister of France, told reporters at the annual World Bank and IMF meeting that Libra is not welcome on European soil....

photo: Creative Commons

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European governments move to veto Facebook´s digital money

The News International 19 Oct 2019

Italy, Germany and France will take unspecified steps in the coming weeks "to show clearly that Libra is unwelcome in Europe," Le Maire told reporters on the sidelines of the annual meetings of the World Bank and International Monetary Fund in Washington....

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Nirmala Sitharaman and Piyush Goyal: Dream team worthy of Nobel

The Telegraph India 19 Oct 2019

But that’s not going to make me complacent,” Sitharaman told reporters in Washington DC ahead of the annual meetings of the IMF and the World Bank ... A fortnight ago, the Reserve Bank of India forecast growth in the second quarter (July-September) at 5.3 per cent....

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US imposes tariffs on EU goods

Dawn 19 Oct 2019

“This is a hostile act between allies,” Le Maire told reporters on the sidelines of the annual meetings of the World Bank and International Monetary Fund ... The Europeans advocate negotiation over conflict and expect the World Trade Organisation next year will authorize Europe to retaliate against the United States for subsidising Boeing....

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European govts move to veto Facebook's digital money

Deccan Herald 19 Oct 2019

Italy, Germany, and France will take unspecified steps in the coming weeks "to show clearly that Libra is unwelcome in Europe because our sovereignty is at stake," Le Maire told reporters on the sidelines of the annual meetings of the World Bank and International Monetary Fund in Washington....

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EU looks beyond new tariffs to bigger trade deal

The Saigon Times 19 Oct 2019

Asked about new U.S. tariffs on up to US$7.5 billion worth of EU airplanes, cheese, wine and other imports that took effect on Friday, Scholz said he favoured a “firm, clear and decisive” approach that did not further escalate the situation. “I think it will work at the end of the day,” he told reporters during the IMF/World Bank annual meetings ... U.S....

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Five Reasons Why Bitcoin Watchers Shouldn’t Worry

NewsBTC 19 Oct 2019

A report from Nasdaq shows that 43 of the S&P 500 members have reported earnings so far (as of 16/10), and 83.7% beating EPS estimates and 60.5% beating revenue estimates ... A report from UBS shows that 58.5% of the central banks in the world have cut interest rates in the 3Q, that’s the highest ratio since the 2008 financial crisis....

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Ethiopia-Djibouti railway adds impetus to Ethiopia's agricultural economy

People Daily 19 Oct 2019

ADDIS ABABA, Oct. 18 (Xinhua) -- The Chinese-built Ethiopia-Djibouti railway has won acclaim for facilitating landlocked Ethiopia's import-export necessities ... Ethiopia - Africa's second populous nation with about 109 million total population, according to the World Bank's latest report - is an agrarian economy ... ....

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First step toward personal bankruptcy system

China Daily 19 Oct 2019

Wenzhou Intermediate People's Court and Pingyang County People's Court released details of China's first natural person bankruptcy case on Oct 9, and this has drawn a great deal of attention ... China ranked 61st globally in terms of dealing with bankruptcy in the World Bank's 2019 Business Environment Report ... ....

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World Bank report on PH poverty elates Cayetano

Journal Online 18 Oct 2019

In a statement, Cayetano expressed elation over a World Bank report which forecast that poverty in the Philippines will fall below 20 percent starting next year ... In the recent Macro Poverty Outlook for East Asia and the Pacific report released by World Bank, they cited that ......

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IMF’s new leaders says U.S.-China deal is not enough to spur global growth

Market Watch 18 Oct 2019

2 job at the World Bank, was tapped last month to take over at the IMF, succeeding Christine Lagarde. Georgieva spoke to reporters before three days of discussions among finance officials as part of the fall meetings of the 189-nation IMF and its sister lending institution, the World Bank....