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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Final bid to revive nutrition mission

The Times of India 15 Feb 2019

National Nutrition Mission (NNM), a joint initiative of Centre and World Bank, aimed to reduce nutritional deficiencies among children and adolescent girls ... Last month, Centre had warned the state that the funds were lying unutilized and that it will be distributed among other states....

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Borrowing curbs put State in a bother

The Hindu 14 Feb 2019

Curbs imposed by the Centre on the annual borrowing limit has pushed the State to the brink of a grave financial crisis ... The Centre’s position that the loans availed of from the Asian Development Bank and the World Bank for reconstruction would be counted within the current borrowing limit too had put the State in a fix....

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Centre to bring 13 % of large dams under World Bank's dam rehabilitation project

The Times of India 14 Feb 2019

The Centre will bring 13% of large dams in the country under the World Bank aided dam rehabilitation and Improvement Project (DRIP), up from the current 4 % , Union minister Arjun Ram Meghwal said on Thursday. Stating that the World Bank has accepted India's proposal ......

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Centre to bring 13% of large dams under DRIP, up from 4 pc

Moneycontrol 14 Feb 2019

The Centre will bring 13 percent of large dams in the country under the World Bank aided Dam Rehabilitation and Improvement Project (DRIP), up from 4 per cent now, Union Minister Arjun Ram Meghwal said Thursday ... Jumaid Hussain, Country Director-India, World Bank, spoke about how developments in India influences global trends....

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Road fund board raises concerns over Smart Roads project for city

The Times of India 14 Feb 2019

PWD was another department which posed major hurdles saying various reasons like need for PWD minister’s concurrence and other projects funded by World Bank. Officials have convinced PWD that it would be better to execute scheme with centre-sponsored funds rather than loans taken from World Bank....

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W’Bank: Being in School, Not Same as Learning

This Day 14 Feb 2019

The latest World Bank research shows that the productivity of 56 percent of the world’s children will be less than half of what it could be if they enjoyed complete education and full health ... Supported by the World Bank, public schools across Punjab in Pakistan have been part of major reforms over the past few years to address these challenges....

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World Bank to establish UAE office in Abu Dhabi

MENA FN 13 Feb 2019

(MENAFN - Khaleej Times) Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, announced that the World Bank will establish its office in ADGM on Al Mary ... ....

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Battersea powers London’s revival

Gulf News 13 Feb 2019

“We are creating an entirely new town centre for London on the banks of the River Thames, all centred around one of the most iconic buildings in the world,” Simon Murphy, the Chief Executive Officer of Battersea Power Station Development Company tells the Weekend Review....

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World Bank to establish office in Abu Dhabi Global Market

Gulf News 12 Feb 2019

The World Bank will be establishing its office in the Abu Dhabi Global Market (ADGM), the International Financial Centre on Al Maryah Island, it has been announced ... Al Sayegh, minister of state and chairman of ADGM and Ferid Belhaj, vice president (Mena) of the World Bank Group....

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World Bank to establish UAE office in Abu Dhabi Global Market

Gulf News 12 Feb 2019

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Gordon Banks: The save that denied Pele and defied gravity

This is Money 12 Feb 2019

But the man responsible for it – former England, Leicester and Stoke goalkeeper Gordon Banks who has died at the age of 81 – was typically modest and self-deprecating when recalling how he defied Pele, and seemingly gravity itself, during an iconic World Cup moment ... Banks, centre, with Archbishop Desmond Tutu, left, and Pele (PA)....

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Tributes pour in for England World Cup hero Gordon Banks

Metro UK 12 Feb 2019

Banks was between the sticks during England’s most famous footballing hour when the 1966 squad clinched their first and only World Cup title ... Banks won the World Cup (Picture ... England’s top goalscorer in World Cup finals Gary Lineker posted a heartfelt message to his ‘hero’ Banks, while hailing him as one of the greatest to play the sport ... World Cup....

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Trump’s World Bank pick echoes calls for reform from other critics

Gulf News 09 Feb 2019

However, when pressed for examples, he cited situations in Venezuela and South Africa, countries that do not have programs with the World Bank ... Elana Berger, executive director of the Bank Information Centre, which scrutinises World Bank lending, also is dubious about Malpass, despite sharing some of his concerns....