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: Afghanistan Faces 'Grim' Economic Outlook as Pandemic Wipes Out Growth

Voa News 15 Jul 2020

The World Bank said it was forecasting gross ... "COVID-19 has hit Afghanistan in the midst of a difficult political transition, an intensifying conflict, and significant uncertainty regarding future grant support," Henry Kerali, World Bank Afghanistan director, told reporters.��....

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Japan's central bank says economy likely to contract 4.7 pct in FY 2020, stays pat on policy

Xinhua 15 Jul 2020

The bank's policy board members voted to keep its short-term interest rates at minus 0.1 percent, while guiding long-term rates at around zero percent ... According to the central bank's most recent quarterly economic and inflation outlook report, the world's third-largest economy is forecast to expand 3.3 percent in fiscal 2021....

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Moody’s Analytics Wins Best Middle-Office Platform at WatersTechnology Asia Awards

Odessa American 15 Jul 2020

Our RiskAuthority™ platform, one of the Moody’s Analytics solutions that contributed to this win, is installed software that helps banks to address regulatory capital requirements and reporting. Banks in Asia and across the world use it to stay on top of changing regulations including Final Basel III....

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This Tiny El Salvador Town Has a Thriving Bitcoin Economy

XBT.MONEY 15 Jul 2020

... daily lives, according to a Forbes report on July 14, 2020 ... According to the World Bank Global Financial Inclusion Database (2017), about 1.7 billion adults in the world do not have any form of account in a financial institution or use the services of a mobile money provider....

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Barclays funnelled £1.5bn to Europe’s biggest coal companies despite climate crisis pledge

The Independent 15 Jul 2020

The Independent employs reporters around the world to bring you truly independent journalism ... since UN scientists warned last year that the world has just 12 years left to contain the climate crisis, a new report has found....

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ABS-CBN frequencies eyed for distance learning

Sun Star 15 Jul 2020

Citing a World Bank report, Villafuerte said the pandemic "is causing more than 1.6 billion children and youth to be out of school in 161 countries or around 80 percent of the world's students." ... (Jove Moya/SunStar Philippines) ....

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Facebook, World Bank, OECD Examine Covid-19’s Impact on SMBs Worldwide

Adweek 15 Jul 2020

version of the , and the Global State of Small Business Report, released Wednesday, contained many of the same conclusions. The social network teamed up with the World Bank and the Organisation for Economic Co-operation and Development to survey over 30,000 small business owners across 50 countries in May....

photo: WN / RTayco

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Alternative uses for ABS-CBN radio, TV frequencies proposed

Journal Online 15 Jul 2020

Citing a World Bank (WB) report, Villafuerte said the pandemic "is causing more than 1.6 billion children and youth to be out of school in 161 countries or around 80 percent of the world's students." ... Report on ABS-CBN's array of violations as a TV network," Villafuerte said....

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Pakistan set to implement single window system for trade

Dawn 15 Jul 2020

The World Bank estimates in ease of doing business report that economic operators incurred $500 million more costs in Pakistan than their counterparts in South Asia to comply with the government’s regulations on imports, exports and transit trade in 2020....

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Use vacant frequencies for government distance learning — Villafuerte

Manila Bulletin 15 Jul 2020

House Deputy Speaker and Camarines Sur Rep ... State media includes IBC-13 and a number of broadcast frequencies under the Philippine Broadcasting Services ... In filing HR 1044, Villafuerte noted a World Bank report that the pandemic has kept out of school over 1.6 billion children and youth in 161 countries ... ....

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A Jan Andolan for Education

Indian Express 15 Jul 2020

For districts, monthly report cards are spurring healthy competition and facilitating regular data-backed reviews across all layers of the administration ... First, it is in sync with global benchmarks for what is needed to realise education’s promise, stated in the World Bank’s “World Development Report 2018”....

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Saudi rights chief highlights media’s role in promoting and protecting human rights

Arab News 15 Jul 2020

“In addition, a World Bank report titled ‘Women, Business and the Law 2020’ ranked the Kingdom first out of 190 countries in terms of progress and reforms in the field of the empowerment of women and the preservation of their rights,” he added....

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Low-Methane Meat Has Finally Arrived

Canada Dot Com 15 Jul 2020

From 2015 through this year, global meat and dairy companies received a combined $478 billion in financial backing from more than 2,500 of the world’s largest banks, lenders and pension funds, according to a report this month from U.K....