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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:
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https://wn.com/World_Bank
Latest News for: World bank report
World Bank panel to decide in 9 months if probe needed on AP capital
Moneycontrol
17 Jul 2018
If the Board of Executive Directors concurs with the foregoing, the Inspection Panel will advise the requesters and Management accordingly," the Inspection Panel said in its report submitted to the World Bank Board which approved the recommendation on July 13 ... On September 27, 2017, the panel submitted its Report and Recommendation to the World Bank ......
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India's banking revolution has left its villagers behind
The Times of India 17 Jul 2018
He pushed policies that helped bring 31 crore people into the formal banking system in just four years, according to the World Bank ... The village of about 5,500 people has no bank branch or ATM, and the closest one is 15 kilometers away ... Nearly half of Indian bank accounts were inactive in 2017, meaning they weren’t used at all in the previous 12 months -- the highest share in the world -- according to a World Bank report....
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Despite Jan Dhan push, financial inclusion is elusive
Live Mint 17 Jul 2018
He pushed policies that helped bring 310 million people into the formal banking system in just four years, according to the World Bank ... The banking system struggled to keep up, while some gains proved temporary. Nearly half of Indian bank accounts were inactive in 2017, meaning they weren’t used at all in the previous 12 months—the highest share in the world—according to a World Bank report....
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Shortage of bank branches, ATM breakdowns frustrating Indian villagers ahead of...
Hindustan Times 17 Jul 2018
He pushed policies that helped bring 310 million people into the formal banking system in just four years, according to the World Bank ... The village of about 5,500 people has no bank branch or ATM, and the closest one is 15 kilometers away ... Nearly half of Indian bank accounts were inactive in 2017, meaning they weren’t used at all in the previous 12 months -- the highest share in the world -- according to a World Bank report....
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IMF update cuts India's 2018, 2019 growth projection but country still world beater in growth rate
Yahoo Daily News 17 Jul 2018
The International Monetary Fund, in its latest World Economic Outlook update, has slashed India's growth forecast by 0.1 per cent point or 10 basis points to 7.3 per cent for 2018 and by 0.3 per cent point or 30 basis points to 7.5 per cent for 2019 ... The update reduces the cheer the World bank update had brought last week ... India's GDP will be in top 5 by 2019, Jaitley on World Bank report ... World Bank....
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Not educating girls costs countries trillions of dollars - World Bank Report
Joy Online 16 Jul 2018
Limited educational opportunities for girls and barriers to completing 12 years of education cost countries between $15 trillion and $30 trillion in lost lifetime productivity and earnings, says a new World Bank report ... “We cannot keep letting gender inequality get in the way of global progress,” said World Bank CEO Kristalina Georgieva....
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Labor pledges 'toughest anti-bribery laws' after aid contractor revelations
The Observer 16 Jul 2018
Guardian Australia reported on Friday that Australian consulting firm Sinclair Knight Merz engaged in the “sophisticated” bribery of high-ranking Vietnam officials to secure work on World Bank-funded aid projects ... Sinclair Knight Merz self-reports corruption allegations to the World Bank ... World Bank announces a conditional sanctions agreement with Sinclair Knight Merz, following the company’s self-reporting to the World Bank....
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Laos may emerge as regional production base: WB report
Xinhua 16 Jul 2018
The possibility of the landlocked country becoming a stronger link in the regional value chain was aired in the World Bank's mid-year report released recently ... This is driven mainly by exports of electronics, telecommunication and electrical equipment from SEZs (Savanh-SENO and VITA Park) and food and beverages," the World Bank said in its report....
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Bank of America 2Q profits jump 33 percent due to tax law
Reflector 16 Jul 2018
The banking giant, based in Charlotte, North Carolina, on Monday reported earnings of $6.78 billion, or 63 cents per share, up from $4.75 billion, or 44 cents a share, in the same period a year earlier ... “We have been paying more for deposits, but the industry has yet to pay more on traditional bank accounts,” said Paul Donofrio, BofA’s chief financial officer, in a call with reporters....
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HEC to get $200m from World Bank for developing tertiary education
Dawn 16 Jul 2018
World Bank is likely to approve a financing of $200 million to assist the Higher Education Commission (HEC) to develop the tertiary education sector in the country ... The ‘HEC Vision 2025’ presents an opportunity for the World Bank to partner with the government on its plan to achieve a substantive transformation of its tertiary education sector ... Despite this, much remains to be accomplished, according to a World Bank report....
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Oil-rich Nigeria outstrips India as country with most people in poverty
The Observer 16 Jul 2018
The report says 14 of the 18 countries in the world where the number of people in extreme poverty is rising are in Africa ... “For a country that is so richly blessed, Nigeria’s poverty narrative is an embarrassment to both the citizens and outsiders.” However, the Brookings report has not come as a surprise to keen observers of events in Nigeria after the World Bank had earlier warned of growing poverty in the country....
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Bank of America 2Q profits boosted by tax law, higher rates
The Spokesman-Review 16 Jul 2018
NEW YORK – Bank of America’s second-quarter profits jumped 33 percent from a year earlier, the company said Monday, as like nearly all other big banks, it benefited greatly from the new tax law ... “We have been paying more for deposits, but the industry has yet to pay more on traditional bank accounts,” said Paul Donofrio, BofA’s chief financial officer, in a call with reporters....
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Bank of America 2nd quarter profits boosted by tax law, higher rates
Times Free Press 16 Jul 2018
Bank of America's second-quarter profits jumped 33 percent from a year earlier, the company said Monday, as like nearly all other big banks, it benefited greatly from the new tax law ... "We have been paying more for deposits, but the industry has yet to pay more on traditional bank accounts," said Paul Donofrio, BofA's chief financial officer, in a call with reporters....
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