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 centre

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Govt. asked to spell out steps taken to protect forests

The Hindu 23 Mar 2019

... forest areas, the Madurai Bench of the Madras High Court put forth a set of 10 questions for the Centre and State to respond ... The court asked the Centre to respond on the assistance provided to presere forests and if any such project was implemented with aid of the World Bank....

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FinTech Scotland hails milestone in bid for global open finance centre

Scotsman 22 Mar 2019

The Scottish bid for the development of the Global Open Finance Centre of Excellence (GOFCOE) has claimed a new milestone ... Open banking is seen as the biggest global trend in financial services. A centre of excellence would be a world first – providing leadership, coordination and research to support the sector's development....

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End of consoles? Google launches streaming gaming platform Stadia

Net Imperative 20 Mar 2019

Google said that its global network of data centres makes the platform possible, but its combination with YouTube is what the company is really banking on for development. “In a world where there are more than 200 million people watching game-related content daily on ......

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CMRL readies for phase II

Deccan Chronicle 19 Mar 2019

A loan agreement with the Japan International Cooperation Agency(JICA) is already in place and the CMRL also has an in-principle approval from the Asian Development Bank, the World Bank, and other institutions. Local residents are hoping that with these agreements in place, the CMRL will not have to wait for the Centre to release funds for Phase II....

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Time to Delink

Information Clearing House 19 Mar 2019

Rather that taking them to the International Centre for Settlement of Investment Disputes (ICSID), which is part of the World Bank, dominated by a handful of industrialised countries, the countries of the region should follow the example of Bolivia, which has pulled out of the organisation....

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Africa Climate Week delegates told to reject false solutions to climate change

Joy Online 17 Mar 2019

Core partners of the week-long event include the Marrakech Partnership, World Bank Group, African Development Bank, West African Development Bank, and the Climate Technology Centre and Network (CTCN), among others. The events’ global partners are the UNFCCC, World Bank, UN ......

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TOI ex-editor & green crusader Darryl D'Monte no more

The Times of India 17 Mar 2019

... environmental journalists in India and the world for three decades. He was also a trustee of Mumbai Waterfronts Centre, which in 2007 shared the first Deutsche Bank Urban Age Award of $100,000 for implementing a project in Mumbai that made a difference to citizens' well-being....

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Syria: from wheat-sufficient to import dependent

Asiatimes 15 Mar 2019

... the world have struggled to grapple with the complexity of the conflict ... Syria also lost important know-how when the Aleppo-based International Centre for Agricultural Research in the Dry Areas, one of the most important seed banks in the world, was destroyed in the conflict....

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UAE expects to reach deal with EU soon on tax-haven blacklist

Khaleej Times 13 Mar 2019

The EU will be approached and discussed; I'm sure there will be a way out," said Abdul Aziz Al Ghurair, chairman of the UAE Banking Federation and CEO of Mashreq Group. "Because we have chosen to be international financial centre, so we have to comply with world regulations....

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'River-linking will end dispute between K'taka & TN'

Deccan Herald 13 Mar 2019

Since it will be a national project, funding from international agencies like World Bank and ADB will be sought. While the Centre will spend 90% of the total cost, the remaining 10% will be spent by the beneficiary state governments, he said....

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Pak Army takes over development of world's 'largest' copper, gold mine; project litmus test for Imran Khan's ability to attract investment

Yahoo Daily News 13 Mar 2019

The government is urgently trying to settle the dispute as a World Bank arbitration tribunal, which ruled against Pakistan in 2017, is in the next few months ... But in 2017 the World Bank's International Centre for Settlement of Investment Disputes (ICSID) ruled against Pakistan....

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