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World Bank

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Web site www.worldbank.org
HeadquartersWashington
D.C.
United States
FoundedBretton 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 mottoWorking for a World Free of Poverty
Parent organizations World Bank Group
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Okra answer panel criticism Criticism
Okra answer panel ownershipOwnership
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Okra answer panel goalsGoals
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Legal statusTreaty
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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?

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Nov 29,2023 12:41 pm

... 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

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... 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

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Nov 17,2023 10:21 pm

... 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

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... 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

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Nov 2,2023 4:21 am

... 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

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Nov 1,2023 4:21 am

... 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

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Oct 30,2023 4:51 pm

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China's roads win hearts in South Asia - but at a cost

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... 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...

Ukraine war: The deadly landmines killing hundreds

Oct 13,2023 7:11 pm

By James WaterhouseBBC Ukraine correspondent

Across Ukraine's vast expanse, there are thought to be 174,000 square kilometres which are contaminated by landmines.

An area of land larger than England, Wales and Northern Ireland combined.

In The War -scarred Kharkiv region, warning signs occasionally appear next to brown, barren fields which were once front lines.

Even more infrequently is The Sight of demining teams sweeping their metal detectors across small, taped-off areas. A literal scratching of The Surface .

More landmines have been found in the Kharkiv region than Anywhere Else in Ukraine.

This part of north-eastern Ukraine close to The Russian border has been both occupied and liberated over The Past year.

On 24 February 2022, Russia launched its Full Scale invasion and seized swathes of territory in the Kharkiv region, while also trying to capture Kharkiv city itself.

By May they would lose The Battle for Ukraine's second biggest city. By September, they'd be blindsided by a Ukrainian counteroffensive.

The Russians deployed landmines to both defend their positions and slow The Ukrainians . After leaving in a rush, a lethal footprint was Left Behind .

In the Small Town of Balakliya, on a patch of land next to an apartment block, Oleksandr Romanents' team have already found six anti-personnel mines. They'd earlier uncovered around 200 nearby.

" My Family calls me every morning to tell me to watch where I tread, " he says. " One of Our Guys lost his foot Last Year . " The Day after we spoke, another member of his team was wounded by a mine.

Since September, at least 27 people have been killed and 118 more injured in the Kharkiv region alone, according to officials.

More Than 55,000 explosives have been found in the area.

Deminers like Oleksandr are called " heroes" by the regional authorities, yet there's a deep frustration with their efforts being dwarfed by the scale of The Problem .

Their desired catch are so-called butterfly mines, The Most common in the area. They're only three to four inches wide, propeller shaped, and are scattered from a rocket.

They're banned by International Law because of the indiscriminate way they can injure and kill civilians.

That hasn't stopped them from being used in this war.

When Serhiy helped a friend load his car with a small crane, he didn't pay much attention to a nearby apricot tree.

When he stepped towards it, he found himself falling backwards from an explosion.

" I thought maybe a tire had blown up, " he recalls from his hospital Bed In nearby Izyum.

" Then I looked at my foot and saw I was missing toes, the sole was shattered, there was bleeding. "

Serhiy tells us his home was also destroyed from the fighting.

" I used to be healthy, walk with both of my feet, do things, drive my car.

" In an instant, I had no house and no foot. "

Serhiy is under the care of Yuriy Kuznetsov , an experienced trauma surgeon. A big, framed man with a tired, yet purposeful expression.

He kept working throughout Russia's occupation Last Year , and was the only doctor left in the Izyum hospital. He says he treats landmine casualties every week.

" Unfortunately, in most cases, An Encounter with unknown explosives ends tragically, " he explains.

BBC

" Losing a limb or getting other kinds of injuries isn't the worst outcome. For instance, last week, we had two patients who discovered a mine. One is here, The Other one died. "

Entire wings of Yuriy's hospital are destroyed. There are windows missing along The Corridor and The Buildings are surrounded by mine signs.

" Before The War , just like everyone, I cared much about material things in life, " says Yuriy.

" Now we understand how transient it all is. Peace and health are what matters. "

Last week Ukraine's Prime Minister Denys Shmyhal said 724 people have been blown up by Russian mines since the start of Russia's full-scale invasion in February Last Year , with 226 of them being killed.

Izyum and its surrounding area is one of The Most heavily mined places, yet the picture in The City is murky.

Human Rights Watch has accused both sides of using illegal antipersonnel mines here. Kyiv responded by saying it followed International Law while defending itself.

According to the World Bank - which provides low interest loans to countries who need cash - (£30bn).

Kyiv is trying to convince as many countries as possible to help so, in its words, " it doesn't take decades".

Given how it's spent The Last 70 years clearing mines from World War Two, it's an approach which will require optimism.

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Source of news: bbc.com

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