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

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38 of the World’s Largest 100 Banks Have Tested, Integrated or Invested in Ripple’s Remittance ...

BitRSS 20 Jan 2020

At least 38 of the world’s 100 biggest banks have reportedly tested, integrated or invested in Ripple’s cross-border payments technology. An overview of the top 100 banks by total assets, compiled by XRPArcade, breaks down how many ar ... ....

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Somalia PM under fire for suspending $112 million World Bank projects

Gareowe Online 19 Jan 2020

MOGADISHU, Somalia - Somalia Prime Minister Hassan Khaire has on Saturday suspended World Bank projects targeting renovation of major towns, state media said, adding that the move will allow "review and inclusion" ... Abdirahman Beileh, the federal finance minister, played a major role in procuring the fundamental funding, World Bank had said....

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Big banks ended 2019 on a high note

The Seattle Times 19 Jan 2020

JPMorgan Chase, the country’s largest bank, reported record profits on ......

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Economic Watch: A new epic -- Chinese economy in 2020s

Xinhua 19 Jan 2020

Emerging from the 2010s larger and in better shape, the world's second-largest economy is increasingly shaped by the growing power of consumers and the services and emerging sectors, all believed to stimulate China's huge potential in market, reform and innovation ... A World Bank report named "China 2030....

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Xi's vision of shared future still resonates

China Daily 19 Jan 2020

Citing the World Bank's 2019 report titled Belt and Road Economics, he said BRI transport projects have the potential to boost global trade by 1.7 percent to 6.2 percent and global real income by 0.7 percent to 2.9 percent ... Citing the November 2019 UN Emissions Gap Report, Roach ......

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Disaster resiliency technologies

Manila Standard Today 19 Jan 2020

An October 2019 report of the World Bank Global Facility for Disaster Risk Reduction and Recovery cites how Japan, our neighbor in the “Pacific Rim of Fire” and likewise often hit by typhoons (many from the Philippine area of responsibility), deploys its Early Warning ......

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BorgWarner vice president Tom Tan: more open China a promising place for foreign business

People Daily 19 Jan 2020

Recently, Tom Tan, vice president of BorgWarner Inc. and president of BorgWarner China, sat down for an exclusive interview with People’s Daily Online ... Tom Tan, vice president of BorgWarner Inc ... (Photo/He Zhuoyan) ... According to the World Bank Doing Business report, China moved up to 31st spot in 2019, up by 15 places from 2018’s ranking of 46th....

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Strong bank earnings boosted by the American consumer — and heavy buybacks

Yahoo Daily News 18 Jan 2020

consumer in the biggest economy in the world,” Bank of America (BAC) CEO Brian Moynihan said while kicking off a conference call to report fourth-quarter results on Jan ... banks reported earnings for the fourth quarter this week, showing estimate-beating earnings despite challenges on historically low interest rates....

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Crypto vs RBI: 3 Days of Intense Supreme Court Hearings

Bitcoin 18 Jan 2020

... has reported ... A World Bank report which analyzes electricity consumption of crypto mining was discussed, along with reports by the Financial Action Task Force (FATF), an intergovernmental body responsible for setting policies to combat money laundering and terrorism financing....

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Wine priciest in Rio, NY most expensive city to hire personal trainer

The Times of India 18 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.” ... of 18 categories in the Swiss bank’s “Global Wealth and Lifestyle Report 2020.”....

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Global economic growth in 2020 hinges on US-China trade deal, UN says

The National 18 Jan 2020

The world economy is expected to expand 2.5 per cent in 2020, if downside risks are kept at bay, a slight uptick from the 2.3 per cent recorded last year, according to a January 16 report by the United Nations Conference on Trade and Development ... World Bank cuts global growth outlook on sluggish investment and trade woes....

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China's economy slumps to 6.1 per cent in 2019; lowest in 29 years

Mid Day 18 Jan 2020

The US central bank, for example, has forecast that the American economy will grow by around 2.2 per cent this year ... The headline figure was in line with forecasts of the International Monetary Fund and the World Bank for China's economic growth this year, the Post report said....

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