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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Inderjit lists infra work done, seeks vote

The Times of India 20 Apr 2019

Gurgaon ... Listing out the government’s developmental work in the city, he said that no government had done so much in such a short span of time, and urged people to vote for BJP to make Modi the prime minister again ... Top 10 richest business families in the world 2018 ... Ivanka Trump turned down World Bank chief job ... Centre suspends cross-LoC trade ... 3000....

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More than 1,000 millionaires flocked to UAE in 2018: Report

Khaleej Times 19 Apr 2019

Dubai attracted more than 1,000 millionaires from outside the country, surpassing major cities like Los Angeles, Melbourne, Miami, New York, San Francisco and Sydney, according to the 'Global Wealth Migration Report' for 2019, developed recently by AfrAsia Bank and New World Wealth....

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NOUN to Benefit from NCC’s Education Grants

This Day 18 Apr 2019

This, the VC said, would be achieved through the World Bank funded African Centre of Excellence and Technology Enhanced Learning (ACETEL) ... “This is a World Bank sponsored project and World Bank is always interested in issue of gender particularly in this programme, and one of the ......

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UK sounds alarm over rising debt levels in poorest countries

The Observer 15 Apr 2019

The World Bank ... Last month, Beijing signed a memorandum of understanding with eight multilateral banks, including the World Bank, to set up the Multilateral Cooperation Centre for Development Finance ... Mordaunt said she was providing £4m to the World Bank debt management trust fund....

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Bank of England begins climate enforcement with a velvet glove

The Observer 15 Apr 2019

As one of the world’s leading financial centres, it is unsurprising that the Bank’s Prudential Regulatory Authority has taken the lead in setting out what it expects from the banks and insurance companies it supervises....

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UK's concern over the poor countries owing vast amounts to China with a new emerging markets crisis looming

This is Money 14 Apr 2019

... the World Bank – will improve lending standards and try to make sure poor countries are not signing up for dangerous levels of borrowing....

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IVANKA IN AFRICA: U.S. president’s daughter on trip to promote women-at-work program

Canoe 14 Apr 2019

Her plans include visiting with women working in the coffee industry and touring a female-run textile facility, as well as meeting with dignitaries and appearing at a World Bank policy summit ... The gathering is part of the World Bank’s Women Entrepreneurs Finance Initiative — a program Ivanka Trump pushed the bank to introduce....

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Germans in Swiss ‘cum-ex’ trial given suspended sentences

Business Day 11 Apr 2019

Instead, they got suspended fines and jail terms for violating banking secrecy ... In 2017, a German court ruled Bank Sarasin had to pay €45m to Mueller ... Switzerland, the world’s largest offshore wealth centre, in 2018 began sharing bank data with many foreign tax authorities, bowing to international pressure to help crack down on tax cheats....

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Key suspect in rental power projects case held: NAB

Dawn 11 Apr 2019

ISLAMABAD ... It may be recalled that in 2017 Pakistan lost the case in the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) ... According to NAB, $365,000 was illegally transferred by Raja Babar Ali Zulqarnain from a bank of his offshore company M/s Lead Burn Global Ltd to BVI-based offshore company CGEL of the accused ... ....

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John Daly: 'Whole world grows along banks of Suir'

Irish Independent 10 Apr 2019

'Whole world grows along banks of Suir' ... https.//www.independent.ie/opinion/comment/john-daly-whole-world-grows-along-banks-of-suir-38000158.html ... At his centenary lunch, the man who roamed the world for planting treasures quoted that ancient proverb much beloved of all who delight in dirt beneath their nails....

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All you need to know about David Malpass: 13th president of the World Bank Group

Business Day Online 08 Apr 2019

Effect from Tuesday, April 9, 2019, the unanimously selected David Malpass will occupy the seat as the president of the World Bank Group for the next five years ... Malpass selection as the new president of the World Bank is coming after the resignation of Jim Kim ... The World Bank is a component of the World Bank Group....

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Syngene, BIRAC set up centre for advanced protein studies in Bengaluru

The Times of India 05 Apr 2019

The centre will run under the 'Innovate in India' programme of the National Biopharma Mission, it added. The National Biopharma Mission is an industry-academia collaborative mission of the Department of Biotechnology and World Bank for accelerating early development of biopharmaceuticals and is being implemented by BIRAC, the filing said....

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Five Pakistanis and a startup make it to Forbes ‘30 Under 30’ Asia list

Dawn 05 Apr 2019

Ahmed Rauf Essa. KARACHI ... He was named under the “Retail & Ecommerce” category of the Forbes list ... According to Forbes, Ms Kasuri has led research at organisations such as the World Bank, the US Army Corps of Engineers, and the UC Davis Centre for Watershed Sciences on climate-smart irrigation, flood risk reduction, and river basin planning ... ....