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 bonds

Deputy PM urges expressway repair

The Saigon Times 17 Oct 2018

He also ordered tough penalties for individuals and organizations found responsible for the deterioration of the newly built expressway ... The project was developed by Vietnam Expressway Corporation (VEC) at a total cost of VND34.5 trillion (US$1.48 billion), which came from G-bond sales and loans from the Japan International Cooperation Agency and the World Bank ... The whole road was put into operation early last month ... .......

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Curated blockchain and cryptocurrency news – Week 41

Crypto News 16 Oct 2018

Singapore is taking steps to enable local bank accounts for crypto companies ... They are looking to simplify access to banking services for entrepreneurs, by getting the Monetary Authority of Singapore to provide direct support to those companies that are experiencing difficulties in their process to get bank accounts ... Jim Yong Kim, the president of the World Bank Group (WBG)....

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Tunisia tosses post-Arab Spring springboard

Asia Times 16 Oct 2018

The IMF agreed to release another $250 million under its latest program to bring the total disbursed to half the $3 billion committed in 2016, and the World Bank chipped in another $500 million on its own....

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Philippines mulls sponsoring catastrophe bond issue

Arab News 15 Oct 2018

Under the cat bond proposal, the Philippine government would serve as sponsor, with the World Bank issuing the bond to qualified investors, the DOF said, without mentioning any issue size ... The World Bank launched a $1.4 billion cat bond early this year covering Latin American earthquakes, the largest earthquake cat bond on record....

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Bank of America reports better-than-expected rise in profit as lender reins in costs

Irish Independent 15 Oct 2018

Bank of America reported a better-than-expected rise in quarterly profit on Monday as the second-largest US lender reined in costs, while higher interest rates and loan growth helped offset lower bond trading revenue. https.//www.independent.ie/business/world/bank-of-america-reports-betterthanexpected-rise-in-profit-as-lender-reins-in-costs-37420796.html....

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DoF eyes Cat bonds, peso debt offers

The Daily Tribune 14 Oct 2018

The proposals, along with a plan to come up with SDG bonds–securities linked to attaining the United Nations’ Sustainable Development Goals (SDG)–were discussed by DoF Secretary Carlos Dominguez III with executives of Citigroup on the sidelines of the Annual Meetings of the World Bank and the International Monetary Fund here ... It is the largest single issuance of Cat bonds ever facilitated by the World Bank....

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PH mulls over issue of catastrophe bonds

Manila Standard Today 14 Oct 2018

Jay Collins, Citi vice chairman for Corporate and Investment Banking, said the Philippine government under a Cat Bond would serve as sponsor, with the World Bank issuing the bond to qualified investors....

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World Bank President: Distributed Ledger Technology Has ‘Huge Potential’

The Bitcoin News 13 Oct 2018

The president of the World Bank Group Jim Yong Kim has stated that distributed ledger technology (DLT) has “huge potential” and that the bank should keep pace with innovative technologies ... As previously reported, the World Bank and the Commonwealth Bank of Australia (CBA) issued a public bond exclusively on a blockchain ... Notably, the World Bank President has previously expressed criticism towards digital currencies....

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Draghi says central banks’ autonomy under threat

Taipei Times 13 Oct 2018

The independence of central bankers globally is being threatened by governments demanding monetary support, from debt cancellation to bond purchases and lower rates, European Central Bank (ECB) President Mario Draghi said yesterday ... They’re asking them to do other things, buy bonds,” Draghi told a news conference at the IMF and World Bank annual meetings on Bali....

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Egypt roadshow looks to tap Asian debt markets

Arab News 13 Oct 2018

The minister met investors in Seoul last week and plans to continue the marketing trip to Singapore, Japan and Malaysia among other countries, Maait said in an interview on the sidelines of the International Monetary Fund and World Bank annual meetings in the resort island of Bali. Egypt raised €2 billion in bonds in April, its first issue in the single currency, and is planning to sell more euro-denominated debt next year....

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Egypt looks to tap Asian debt markets under debt restructuring

Yahoo Daily News 13 Oct 2018

NUSA DUA, Indonesia (Reuters) - Egypt is considering issuing bonds in currencies other than the euro and the U.S ... The minister met investors in Seoul last week and plans to continue the marketing trip to Singapore, Japan and Malaysia among other countries, Maait said in an interview on the sidelines of the International Monetary Fund and World Bank annual meetings in the resort island of Bali....

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VEC imposes fines as newly built Danang-Quang Ngai expy deteriorates

The Saigon Times 13 Oct 2018

The general director was also requested to discipline and penalize organizations and individuals, in line with the prevailing regulations for tardiness of repairing the road and supplying information, along with evading responsibility ... The project required a total investment of VND34.5 trillion (US$1.5 billion), which came from G-bond sales and loans from the Japan International Cooperation Agency and the World Bank ... .......

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Blockchain Technology Can Bring About Global Financial Inclusion, Says World Bank President

LB News 12 Oct 2018

The World Bank Group (WBG) president believes a greater emphasis on technology can help the organization achieve its set goals ... The World Bank did raise over $100 million from the blockchain-managed bond ‘bond-i.’ Seven investors participated in the bond sale which included the Northern Trust, the Commonwealth Bank of Australia (CBA), three Australian state governments, and a local Australian pension fund....

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