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

L&T Finance Holding sees consolidation in NBFC space post RBI norms on liquidity coverage ratio
The Reserve Bank of India (RBI) has released a draft circular on liquidity risk management for non-banking financial companies (NBFCs) in the ...
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Aerial Combat: United Airlines Ejects Avianca Chairman Efromovich, Replaces Him With Arch ...
When contacted late Friday, a United Airlines spokesperson told Finance Colombia 'While Avianca will remain an independent company and continue ...
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TRIBUNE: Legislature agrees on school finance, property taxes, more
Texas House, Senate agree on school finance, property taxes, Hurricane Harvey recovery. The Texas Legislature on Sunday advanced a $250.7 ...
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US dollar closes lower on Taipei forex market
Taipei, May 27 (CNA) The U.S. dollar fell against the Taiwan dollar Monday, shedding ... Turnover totaled US$758 million during the trading session.
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Snowball effect of the S&P, the exhaustion of the dollar strengthening
The US dollar could also be next in the line for a correction and the pound will gain strength and rebound. We recommend that you wait for a close ...
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Rupee Appreciates To 69.34 Against Dollar
The rupee appreciated by 19 paise to 69.34 against the US dollar on Monday, driven by weakening of the greenback and positive opening in domestic ...
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Outlook For Pound To US Dollar Exchange Rate: UK Inflation Report Hearings, US GDP
Meanwhile, on Friday afternoon the US Dollar slipped as the US non-defense capital goods orders slumped by a lower-than-forecast -0.9%.
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