World Bank Group
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A look at economic developments around the globe...rate unchanged had little impact on Chinese markets, analysts said. The World Bank on Wednesday raised its forecast for China's economic growth this year from 7.2 percent to 8.4 percent, reflecting the country's massive stimulus measures. In this article: Bank of England, European Union, Recession, Tax, Unemployment, London, and Felipe Calderon |
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Sydney Morning Herald - Business | November 04, 2009
WB boosts China growth forecast to 8.4%
...8.4% The World Bank raised its 2009 growth forecast for China from 7.2 per cent to 8.4 per cent but warned a sustained recovery will require a shift in the economy to emphasise consumer spending instead of industry and investment. The...
In this article: China, World Bank, East Asia, Beijing, Pacific, Recession, The World Bank, Vietnam, and Thailand
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Indiana Times - The Economic Times | November 04, 2009
World Bank raises Asia forecast
BEIJING: The World Bank on Wednesday raised its forecasts for East Asian growth, largely due to a rebound in China driven by aggressive fiscal and monetary stimulus, but warned that a true recovery in the region was not yet at hand. In a...
In this article: China, World Bank, The World Bank, Asia, East Asia, Beijing, Washington, North Africa, and South Asia
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BusinessWeek Online | November 04, 2009
New World Bank China GDP Growth Forecast: 8.4%
Posted by: Frederik Balfour on November 04 The World Bank raised its forecast for China's GDP growth in 2009 to 8.4%, providing yet more evidence that the Chinese economy is in full recovery mode. Six months ago when China's exports were...
In this article: China, World Bank, Asia, BusinessWeek, Recession, and Full Sail University
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Sydney Morning Herald - Business | November 01, 2009
World Bank: Australia a model for developing nations
...as a model that others can follow," he said. The World Bank expects GDP of all developing nations except China and India to grow by 2.5 per cent in 2010 after falling by 2.2 per cent this year. "This is a recovery but there are still...
In this article: Australia, World Bank, Juan Jose Daboub, Unemployment, Financial crisis, The World Bank, Sky Business Channel, India, and China
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World Bank ups China's growth forecast
The World Bank on Wednesday raised its forecasts for Chinese growth this year and projected a slightly faster pace of expansion in 2010, but it said Beijing did not need to embark on major policy tightening at this stage. Gross...
In this article: China, World Bank, Beijing, Inflation, Ferrari 599, The World Bank, and Washington
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Telegraph.co.uk - Business | November 03, 2009
World Bank upgrades China growth forecast
...growth forecast The World Bank has upgraded its 2009 economic growth forecast for China to 8.4pc on the back of huge public spending but warned stronger domestic demand was needed to ensure a sustainable recovery. Published: 7:11AM GMT...
In this article: China, World Bank, The World Bank, Asian Development Bank, International Monetary Fund, Beijing, and Washington
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Financial Times | November 04, 2009
China current account surplus set to fall
The World Bank also raised its forecast for economic growth in developing east Asia this year by 1.4 percentage points to 6.7 per cent but warned that the rebound from the global financial crisis had yet to turn into a recovery.
In this article: China, Beijing, The World Bank, World Bank, Barack Obama, and Goldman Sachs
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Description from Wikipedia:
The World Bank Group (WBG) is a family of five international organizations that makes leveraged loans, generally to poor countries. The Bank came into formal existence on 27 December 1945 following international ratification of the Bretton Woods agreements, which emerged from the United Nations Monetary and Financial Conference (1 July – 22 July 1944). It also provided the foundation of the Osiander-Committee in 1951, responsible for the preparation and evaluation of the World Development Report. Commencing operations on 25 June 1946, it approved its first loan on 9 May 1947 ($250M to France for postwar reconstruction, in real terms the largest loan issued by the Bank to date). Its five agencies are:
* 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)
The term "World Bank" generally refers to the IBRD and IDA, whereas the World Bank Group is used to refer to the institutions collectively.
The activities of the IFC and MIGA include investment in the private sector and providing insurance respectively.
The World Bank Institute is the capacity development branch of the World Bank, providing learning and other capacity-building programs to member countries. Two countries, Venezuela and Ecuador, have recently withdrawn from the World Bank.
- Name:
- World Bank
- Type:
- International organization
- Founding Date:
- December 27, 1945
- Head:
- Robert B. Zoellick
- Members:
- 185 countries
- Size:
- 200px
- Status:
- Treaty
- Website:
- http://www.worldbankgroup.org/
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