The World Bank is an international organization dedicated to providing financing, advice and research to developing nations to aid their economic advancement. 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 Group is jointly owned by its 185 member country governments, but the donor countries hold greater power in making decisions about the Bank's policies and which projects it funds than borrower countries. The World Bank Group President is, and always has been, a U.S. citizen.

The World Bank has two stated goals that it aims to achieve by 2030. The first is to end extreme poverty by decreasing the amount of people living on less than $1.90 a day to below 3% of the world population. The second is to increase overall prosperity by increasing the income growth in the bottom 40% of the world's population.

Latest news on The World Bank & the Economy

Australia should start preparing for house-price induced downward spiral ' OECD
Australia should start planning for a house-price induced downward spiral, the Paris-based Organization for Economic Cooperation and Economic ...
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Alpari Holds Training on Forex Trading
By Udora Orizu in Abuja. One of the leading companies on forex trading, Alpari has called on Nigerians to venture into currency trading and take ...
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Sri Lanka forex reserves down $880mn in November
ECONOMYNEXT - Sri Lanka's forex reserves dropped by 884.9 million US dollars in November 2018, to 7,018.38 million dollars in November amid a ...
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Australia stocks fall after China reported weak export, import data
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.670 after touching highs around the 97.2 handle last week.
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AUD/USD and NZD/USD Fundamental Weekly Forecast ' Traders Focusing On US-China Trade ...
The Australian and New Zealand Dollars were driven sharply lower last week by a combination of negative news about U.S-China trade relations, ...
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RBA's Chris Kent says banks can cope with higher US rates
Borrowing costs for Australian borrowers have been stable and hedging has played a part in this stability as has the Australian dollar, he added.
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