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 World Bank

The World Bank is one of the world's largest sources of development assistance. Its primary focus is on helping the poorest people and the poorest countries. This site provides an overview of how the Bank uses its financial resources, its staff, and its extensive knowledge to help developing countries onto paths of stable, sustainable, and equitable growth.

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updated Thu. April 27, 2017

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The World Bank support helped to bring all stakeholders together to agree on a joint operational management of the maritime zone, as well as providing equipment, four years training and fuel and operating costs to develop the Joint Operational ...
This was as the Azura Independent power plant, financed by the International Finance corporation (IFC), which was expected to provide electricity to 14 million residential consumers, was highlighted to display how the World Bank Group's collaboration ...
The World Bank is forecasting higher prices for industrial commodities, principally energy and metals, in 2017 and next year. The World Bank in its April C.
Development assistance for health was $37.6 billion in 2016. The latest figure, released by the Institute of Health Metrics and Evaluation, is consistent with ...
A World Bank study has singled out Uganda and Seychelles as the two countries with the most efficient power utilities in sub-Saharan Africa.
finance and development officials concluded the 21-23 April Spring Meetings of the International Monetary Fund (IMF) and World Bank Group (WBG), which saw discussions focus on topics such as trade, inclusion, and sustainable, continued economic ...
The commerce and industry ministry today discussed with the World Bank officials its concerns over the methodology used for ranking countries in terms of ease of doing business.
Nigeria's president Muhammadu Buhari, is seeking parliament's approval for a proposal to borrow $5.85 billion from China to modernize its rail network and another $1.075 billion from the World Bank to help rebuild the insurgency-torn northeast. In a ...
The FINANCIAL -- The World Bank on April 26 approved $59 million in financing to help Bangladesh meet the increasing demand for electricity by improving the reliability and efficiency of the entire power system, from electricity generation to transmission.
Update: World Bank sources say that there is not yet an official structure for the fund, as such conversations are still ongoing with G20 members (including the U.S.
Constant fuel shortages and insufficient infrastructure have brought about a "humanitarian crisis" for Palestinians in the Hamas-ruled Gaza Strip, the World Bank said on Thursday. In a report ahead of an international donor conference next week, it ...
A World Bank spokesperson in Ethiopia told VOA's South Sudan in Focus on Wednesday that the bank had proposed to donate $50 million to U.N.
The Islamic Republic of Iran made exporting and importing easier by expanding the services offered by the national single window, said the World Bank in its Doing Business 2017 report for the Middle East and North Africa, acknowledging the fact that ...
WASHINGTON: The World Bank has committed US$816 million to support emergency projects in Yemen, Yemen's official news agency SABA reported on Tuesday.
The World Bank says the only region to record growth in remittances in 2016 was Latin America and the Caribbean.On Friday, the Washington-based financial ...
The YP program has hired over 1,700 people who hold or have held positions ranging from entry-level to vice presidents and managing directors.
WASHINGTON: World Bank Group President Jim Yong Kim and Asian Infrastructure investment bank (AIIB) President Jin Liqun on Monday signed a Memorandum of Understanding (MoU) to strengthen cooperation and knowledge between the institutions.
In a passionate talk, the Ambassador of Dominica to the U.S. describes the challenges of his country to find the right partner to develop its geothermal project and the learning curve for the country and the World Bank as partner to the project.
RIYADH: finance Minister Mohammed Al-Jadaan highlighted the Kingdom's reform efforts under the National Transformation Program (NTP) and Saudi Vision 2030 at meetings of the World Bank and International Monetary Fund (IMF) recently held in ...
Islamabad: World Bank (WB) President, Dr Jim Yong Kim, on Monday, assured technical and financial assistance for Pakistan's hydropower schemes including Dasu and Tarbela projects.
"Groups like the W20, the World Economic Forum, World Bank, and the UN Secretary-General's high-level panel on women's economic empowerment have been instrumental in reinforcing the case for investing in women, identifying effective solutions," ...
The bank's growth forecast for Angola, Africa's biggest oil producer, however, remained unchanged at 1.2 percent. World Bank Africa Chief Economist Albert Zeufack told press in a video conference from Washington that 2017 growth figures are ultimately ...
The World Bank has announced the launch of XL Africa, an acceleration programme aimed at supporting 20 top digital startups from Sub-Saharan Africa.
Trillions of dollars are potentially available for climate investments and countries like India are blazing a trail in bringing cheap solar power to millions, but making sure the world's poorest benefit will prove a big challenge, a World Bank meeting ...
Ivanka Trump and World Bank President Jim Kong Kim on Monday blasted the world labor force for its exclusion of women and said women's economic empowerment must become a global priority if nations are going to curb the trend.
A drop in oil prices and weaker economic growth in Russia and Europe contributed to a 2.4% decline in global remittance volume to developing countries in 2016, according to new data from the World Bank. It was the second consecutive year remittances to ...
The op-ed comes a week after Trump and Kim attended meetings that focused on accelerating sustainable, inclusive economic growth.
World Bank President Jim Kim at the "Financing for peace: Innovations to Tackle Fragility" event at the 2017 World Bank Spring Meetings.
WASHINGTON: The World Bank needs to decide the issues of Selective capital Increase (SCI) to reflect the increasing weight of Developing and Transition Countries (DTCs) and General Capital Increase (GCI) to expand its annual lending, finance Minister ...
It is better to move towards solar energy than to continue to build coal plants, World Bank President Jim Young Kim said today, citing India's massive efforts in solar energy which has made it "cost effective" and "quite competitive".
Minister of Investment and International Cooperation Sahar Nasr has participated in different meetings during her current visit to Washington to join the World Bank's spring meetings. During the visit, Nasr met the vice chairperson of General Electric ...
The World Bank's private financing arm on Friday launched a joint venture with Europe's largest asset manager, Amundi, to create a $2 billion green bond fund to unlock financing for environmental projects in developing countries.
WASHINGTON, United States (CMC) - Despite overall global decline, the World Bank says the only region to record growth in remittances in 2016, was Latin America and the Caribbean .
The United States has since 1944 dominated the two largest global financial institutions based in Washington, D.C.: the International Monetary Fund and the World Bank. The biggest question hovering over the meetings this week of the two institutions ...
Peruvian Minister of finance and economy represents Peru and other LATAM countries at World Bank and IMF meetings.
Dubois has worked in the World Bank's anticorruption efforts for more than a decade. She previously has managed the voluntary disclosure program under the Integrity Vice Presidency unit, and worked as an operational lawyer advising the Africa region of ...
World Bank President Jim Kim wants his institution to get out of the business of financing projects that private sector investors could do on their own, and into the business of rewarding staff who prepare commercially viable projects.
WASHINGTON - The Trump administration would be working against its "America First" agenda if it were to diminish the United States' leadership role in multilateral institutions including the World Bank, the lender's second-ranking executive said on ...
THE Department of agriculture (DA) regional office in Tacloban City is pushing for the inclusion of fish sanctuaries rehabilitation project in Eastern Samar province under the World Bank-funded Philippine Rural Development Project (PRDP). The proposal ...
The World Bank is getting more eager to expand its cooperation with the China-led Asian Infrastructure investment bank (AIIB) to help accelerate global ...
As part of its campaign to have the World Bank overhaul its country income classification system, AHF launched a new 'Raise the MIC' ad in the DC area headlined, "Rich countries should not define poverty for poor countries," as part of its effort to ...
London: The World Bank's private sector investment arm and European asset manager Amundi have agreed to form a $2 billion green bond fund to help provide more financing for low-carbon investments in emerging markets, they said on Friday.
Washington: China is taking "unprecedented" leadership in the overall world of development and the country has been illustrating that it is concerned about growth, World Bank President Jim Yong Kim said on Thursday. "The One Belt One Road project is an ...
The World Bank estimates that GDP growth will rise to 2.6 percent in 2017 compared to 1.3 percent last year and rise further to 3.2 percent in 2018 and 3.5 percent a year later.
Treasury Secretary Steven Mnuchin shakes hands with European Commissioner for the Euro and Social Dialogue and Vice President of the European Commission Valdis Dombrovskis at the 2017 World Bank Group Spring Meetings in Washington, Thursday, ...
Notwithstanding a significant 8.9% drop in remittances to India in 2016, the country retained the top spot among remittances receiving nations, according to a World Bank report. The World Bank, in its latest report, said that the remittances to ...
World Bank President Jim Kim wants his institution to get out of the business of financing projects that private sector investors could do on their own, and into the business of rewarding staff who prepare commercially non-viable projects.
Dubois has worked in the World Bank's anti-corruption efforts for more than a decade. She previously has managed the voluntary disclosure program under the Integrity Vice Presidency, and worked as an operational lawyer advising the Africa region of the ...
Treasury Secretary Steven Mnuchin shakes hands with Japan's finance Minister Taro Aso at the 2017 World Bank Group Spring Meetings in Washington, Thursday, April 20, 2017.


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