World Bank
Use attributes for filter ! | |
Web site | www.worldbank.org |
---|---|
Headquarters | Washington |
D.C. | |
United States | |
Founded | Bretton Woods |
New Hampshire | |
United States | |
Subsidiaries | International Finance Corporation |
International Bank for Reconstruction and Development | |
Founders | Harry Dexter White |
John Maynard Keynes | |
Presidents | David Malpass |
Ajay Banga | |
Raw motto | Working for a World Free of Poverty |
Parent organizations | World Bank Group |
Okra answer panel mission | Mission |
Okra answer panel criticism | Criticism |
Okra answer panel ownership | Ownership |
Okra answer panel value | Value |
Okra answer panel history | History |
Okra answer panel goals | Goals |
Okra answer panel grade level | Grade level |
Okra answer panel structure | Structure |
Legal status | Treaty |
Date of Reg. | |
Date of Upd. | |
ID | 618504 |
About World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects.
COP28: Can a climate summit in an oil state change anything?
... Also look out for evidence that big global institutions like the World Bank and the International Monetary Fund are bowing to pressure to change their lending rules to help get the cash flowing...
Toxic gas putting millions at risk in Middle East, BBC finds
... Working with BBC Arabic, environmental scientists combined this information with the volumes of gas flared - which the World Bank publishes - to work out total pollution...
UK government plans radical shake-up of foreign aid for climate change disasters
... The idea is to use the balance sheets of international financial institutions, such as the World Bank and the IMF, to guarantee greater investment in development from private capital such as pension funds...
Ethiopia PM Abiy eyes Red Sea port, inflaming tensions
... The Ethiopian economy is in a tailspin, and desperately needs a bailout from western donors along with the International Monetary Fund (IMF) and World Bank...
Shell posts $6. 2bn profit as oil prices rise again
... Earlier this week, the World Bank warned that the conflict in the Middle East could push the price of crude oil up to $150 a barrel - compared to $85 today...
Afghan refugees forced to leave Pakistan say they have nothing
... The unemployment rate more than doubled from the period immediately before the Taliban takeover to June 2023, according to the World Bank...
World Bank warns oil prices could reach $150 a barrel
...By Vishala Sri-PathmaBusiness reporterOil prices could rise to more than $150 a barrel if the conflict in the Middle East escalates, according to the World Bank...
China's roads win hearts in South Asia - but at a cost
... That s why it has gotten into the risky business of international bailout lending, " said Carmen Reinhart, a former World Bank chief economist and one of the study s authors...
Sainsbury's and Unilever deny prices are too high
By Daniel Thomas & Jemma DempseyBBC News
Marmite-maker Unilever and supermarket Sainsbury's have rejected suggestions that they are not protecting customers from rising prices.
It Comes after The Office for National Statistics (ONS) that falls in global food prices were Not Yet being reflected in supermarkets.
Unilever said it was not " profiteering in any form" from rising prices.
Sainsbury's said it had spent millions on lowering prices and was " determined to battle inflation".
The cost of living has surged recently, with food prices almost a fifth higher in March than a year earlier - The biggest such rise since 1977.
However, wholesale food prices have started to fall with The World Bank saying it expected them to drop 8% by The End of this year.
Supermarkets say such falls take time to reach supermarket shelves. But in March The Unite union accused some supermarkets of " fuelling inflation by excessive profiteering".
In January, Tesco chairman John Allan suggested suppliers may be At Fault , telling The Bbc it was " entirely possible" that they were using high inflation as an excuse to raise prices unnecessarily.
But on Thursday, Unilever boss Alan Jope dismissed such suggestions to reporters, saying The Company was only passing on three-quarters of The Higher costs it was facing.
" We Are very conscious that The consumer is hurting and that's why We Are not Passing Through The full price increases and are asking shareholders to bear some of The Burden , " Mr Jope said.
It came as The consumer goods giant, which also makes Ben & Jerry's Ice Cream , reported a 10. 5% rise in sales in The First three months of The year.
The better-than-expected figure was driven by price hikes, with The Company lifting prices by 10. 7% over The period.
Separately, The Boss of Sainsbury's said The Chain would pass on any falls in The Price of goods as soon as it could and was " absolutely determined to battle inflation for our customers".
However, Simon Roberts said widespread price falls were not likely to come soon as energy and labour costs continued to rise.
It came as The UK's second largest grocery chain reported a better-than-expected 5% Fall In underlying profits to £690m and a near-6% rise in sales in The year to March.
The War in Ukraine has driven up food prices around The World , but The UK has faced other problems on top of this - from Brexit Red Tape to labour shortages.
This year in particular, bad weather abroad led to shortages of some Vegetables - a situation made worse by UK farmers producing less due to surging energy costs.
UK farmers have also argued that supermarkets are not paying a fair price for their produce - Something The supermarkets deny.
Last week, The British Retail Consortium, which represents grocers, said there was a three to nine-month lag to see price falls reflected in shops.
" As food production costs peaked in October 2022, we expect consumer food prices to start coming down over The Next few months, " it said.
Related TopicsSource of news: bbc.com