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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Sierra Leone: World Bank Report Suggests Pathways to Economic Diversification

All Africa 17 Jan 2020

Sierra Leone has abundant natural resources, but as yet not been able to deliver more and better jobs ......

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Ivanka Trump applauds Saudi Arabia’s reforms advancing economic role for women

Arab News 17 Jan 2020

The United States President’s daughter and advisor, Ivanka Trump, praised on Friday Arab states for the progress they have made in their reforms highlighted in a World Bank Report ... The World Bank’s annual “Women, Business, and the Law” report ranked Saudi Arabia top among 190 ......

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Thailand's growth to remain below 3 pct if it does not boost productivity rate: WB

Xinhua 17 Jan 2020

17 (Xinhua) -- As Thailand seeks a transition to high-income status by 2037, boosting productivity and reviving private investment will be critical for future economic growth, said World Bank in a press briefing in Bangkok on Friday ... World Bank Senior Economist for Thailand....

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UN projects India's growth rate at 5.7% for 2019-20

Sify 17 Jan 2020

The projection in the UN's World Economic Situation and Prospects report released on Thursday are higher than the 5 per cent made by the World Bank earlier this month ... According to the report, only China has a higher growth rate than India among the world's large economies with a 6 per cent forecast for the current calendar year....

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UN estimates India's growth rate at 5.7% this fiscal year, 6.6% in next

DNA India 17 Jan 2020

The prediction is higher than the 5% made by the World Bank earlier this month. According to the UN's World Economic Situation and Prospects 2020 report released on Thursday, only China has a higher growth rate than India among the world's large economies with a 6% forecast for the current calendar year....

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FDI surges 68.3 percent to $1.34 billion in July-December

The News International 17 Jan 2020

Moreover, the government has taken several measures to create a business-friendly environment that have contributed to an improvement in the country’s ranking in the World Bank’s latest Ease of Doing Business 2020 report ... latest Ease of Doing Business 2020 report....

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Despite 'Year of Tolerance,' human rights violations abound in Middle East

The Jerusalem Post 17 Jan 2020

... record, including the failure to provide full accountability for the murder of Saudi journalist Jamal Khashoggi by Saudi agents in October 2018, as well as the country’s dismal treatment of Saudi dissidents and human rights activists,” the World Bank report stated....

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These are the world’s most expensive cities for luxuries

Indian Express 17 Jan 2020

High local tax rates make Rio de Janeiro — Brazil’s second-largest city — the world’s most expensive metropolis in five of 18 categories in the Swiss bank’s “Global Wealth and Lifestyle Report 2020.” ... The report released Thursday underscores the growing scope of ......

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UN report projects India's growth rate at 5.7% for 2019-20, 6.6% in next fiscal

Zeenews 17 Jan 2020

The projection in the UN`s World Economic Situation and Prospects report released on Thursday are higher than the 5 per cent made by the World Bank earlier this month ... ....

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The 17 best countries in the world for people who want to run their own ...

Business Insider 17 Jan 2020

US News & World Report has released its fifth annual Best Countries list, which ranks 73 countries based on global perceptions ... Human Development Index as well as among the top 100 countries in terms of GDP, foreign direct investment inflows, and international tourism receipts, according to 2017 World Bank data ... US News & World Report 16....

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Raising financial literacy: Local levels have big responsibility

The Himalayan 17 Jan 2020

They spend money right away, with no vision for the future, and are in no mood to open a bank account ... Only 45% of the adult population has a bank account, as per the World Bank report of 2017, which indicates a low level of financial literacy, though it could also be because of poor financial access....

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Despite economic growth, most Egyptians still struggling

The Jerusalem Post 17 Jan 2020

According to the World Bank’s recently released Global Economic Prospects Report about the MENA region, Egypt is one of the few countries in the area with positive financial development ... The World Bank also sites ... The World Bank acknowledged foreign investment in its report.....

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China´s economy pace slackens to slowest in three decades

The News International 17 Jan 2020

The World Bank said in a report this month that weakening exports in China had compounded the impact of its ongoing slowdown in domestic demand ... The World Bank said in a report this month that weakening exports in China had compounded the impact of its ongoing slowdown in domestic demand....