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

Foreign firms still betting on China

China Daily 16 Oct 2018

Editor's note. Once again, the judgment is being trotted out that China is experiencing an outflow of foreign capital based on the withdrawal of a few foreign companies. Is this really the case? Three experts share their views on the issue with China Daily's Liu Jianna ... At the moment China ranks the 78th in the World Bank's Doing Business 2018 report, although it is expected to rise notably in the rankings over the next two years ... ....

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Bank of America reports better-than-expected rise in profit as lender reins in costs

Irish Independent 15 Oct 2018

0 Comments Bank of America reports better-than-expected rise in profit as lender reins in costs ... Bank of America reported a better-than-expected rise in quarterly profit on Monday as the second-largest US lender ... https.//www.independent.ie/business/world/bank-of-america-reports-betterthanexpected-rise-in-profit-as-lender-reins-in-costs-37420796.html....

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Investing in the young

Dawn 15 Oct 2018

NEW World Bank research explains investing in human capital should be prioritised by governments aiming for sustained economic growth. Launched at the World Bank’s annual meeting with the International Monetary Fund in Bali, the World Development Report 2019 calls on countries to focus more on future outcomes for children or risk hundreds of thousands of young people without adequate skills....

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Manufacturers look to switch production to Africa

China Daily 15 Oct 2018

African countries have long been very low in the World Bank's rankings for ease of doing business ... For example, Rwanda has implemented the highest number of business reforms in the world over the past 15 years, according to the World Bank ... The World Bank said this is the largest number of reforms recorded in any region by its Doing Business report, and represents 31 percent of all reforms implemented globally in the past year....

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Jack Ma says in talks with Indonesia on tech training institute

Independent online (SA) 15 Oct 2018

“We’re giving a lot of opportunities for young Indonesian people to learn,” Ma told reporters after meeting Indonesian ministers on the sidelines of the International Monetary Fund and World Bank meetings being hosted by Indonesia ... On Friday, Ma told a panel discussion at the IMF and World Bank meetings that “the internet is designed for developing countries”, with “great opportunities in Africa” also....

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India may have to pay a price for protectionism

Live Mint 15 Oct 2018

Already, India is among the most heavily protected economies in the world, a Mint analysis shows ... The analysis assumes that trading patterns of most large economies resemble those of this aggregated mega-block, accounting for 70% of the world’s GDP ... A recent World Bank report accused India of increasingly resorting to trade remedy measures such as anti-dumping and safeguard actions....

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Andres Oppenheimer: The world’s most promising countries were basket cases a few years ago

Post-Bulletin 15 Oct 2018

If you think that most developing nations are hopeless — or, as President Trump reportedly said, that some of them are “shithole countries” — you should take a look at the World Bank’s new ranking of the world’s most promising nations ... The World Bank’s Human Capital Index, released on Thursday, measures 157 countries according to their children’s knowledge, skills and health....

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Andres Oppenheimer: The world's most promising countries were basket cases a few years ago

Finger Lakes Times 15 Oct 2018

If you think that most developing nations are hopeless —or, as President Trump reportedly said, that some of them are "shithole countries" —you should take a look at the World Bank's new ranking of the world's most promising nations ... The World Bank's Human Capital Index, released on Thursday, measures 157 countries according to their children's knowledge, skills and health....

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Corporates come out with LGBTQ-friendly policies post SC verdict on section 377

Hindustan Times 15 Oct 2018

According to a World Bank report of 2016, India losses nearly $32 billion, or 1.7% of its Gross Domestic Product (GDP), to homophobia, which many companies seem to realise ... According to a World Bank report of 2016, India losses nearly $32 billion, or 1.7% of its Gross Domestic Product (GDP), to homophobia, which the companies seem to realise....

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THE GROWING INEQUALITY IN NIGERIA

This Day 15 Oct 2018

The global report on inequality is another wake-up call ... The 2018 report, released last Tuesday at the annual International Monetary Fund and World Bank (IMF/WB) meeting in Bali, Indonesia, revealed that one in 10 children in Nigeria does not reach their fifth birthday, and more than 10 million children do not go to school ... While we are not surprised by the report, it is nonetheless very disturbing....

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India's development record is poor. It's best to accept it and make amends

Hindustan Times 15 Oct 2018

Last week, three separate global reports related to development were released. the World Bank’s Human Capital Index; the Welthungerhilfe and Concern Worldwide’s 2018 Global Hunger Index; and Oxfam International’s 2018 Commitment to Reducing Inequality Index....

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Nikkei tumbles to 5-week low, U.S. FX comments hit manufacturers

This is Money 15 Oct 2018

Treasury Secretary Steven Mnuchin on Saturday told reporters at the International Monetary Fund and World Bank annual meetings in Bali that Washington views the currency chapter in the new U.S.-Mexico-Canada Agreement as a model for future trade deals to deter trading partners from currency manipulation....

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