Everything you need to know about World Bank: news, reviews, in-depth analysis, opinion and more
World Bank, the largest bank in the world is the international Bank that finances for each and every sector of life and for its development. The bank provides technical as well as financial assistance to all the developing and underdeveloped countries in the world for their all round development and mostly for the elimination of poverty, rise status and per capita income and growth of other aspects. The present attention of the World Bank is on the achievement of Millennium Development Goals providing loans and other financial assistance to the developing and backward countries in the reduction of poverty and the improvement of the standard of life. It offers loans for some basic purposes as-To fight against corruption, Building infrastructure, Developing financial system, Developing consultancy, research and training to boost the economy and make the country able to achieve the growth. The World Bank is funded by various donations from many organizations both govt. and private. It also earns a good deal of finance from its financial share in the international financial market and from the interests of the loan it gives to various countries. The World Bank also takes steps for the educational development of the backward countries of the world. It has 176 countries through out the world as its member states through which its developmental works go on.
Ankara, May 20 (IANS) Former World Cup winner and Real Madrid star Roberto Carlos has agreed to coach Turkish Super League's Sivasspor club.
Beijing, May 20 (IANS/EFE) Badminton has become an indirect victim of bird flu that has been affecting the country, given that the extensive slaughtering of infected ducks has created a shortage of feathers, an essential raw material for the birdies used in the sport, media reports said.
Ramallah, May 19 (IANS) The role of the US in reviving the Palestinian-Israeli peace negotiations lacks credibility, a Palestinian official said Sunday.
Hull (England), May 19 (IANS) Dipika Pallikal and Saurav Ghosal will lead India's challenge at the British Open Squash Championships beginning here Monday. The prestigious tournament is the world's oldest.
Hull (England), May 19 (IANS) Dipika Pallikal and Saurav Ghosal will lead India's challenge at the British Open Squash Championships beginning here Monday. The prestigious event is the oldest on the calendar.
Shanghai, May 19 (IANS/CMC) World and Olympic 400 metre champion Kirani James has warned that Grenada is capable of producing a relay team as a force to be reckoned with in world athletics.
Shanghai, May 19 (IANS/CMC) World and Olympic champion Kirani James powered to victory against his main rivals from London 2012 Olympics in the 400 metres at Shanghai's Diamond League meet.
Shanghai, May 19 (IANS/RIA Novosti) Russian pole vault queen Yelena Isinbayeva won her first competition of the season by jumping 4.70 metres at the Diamond League meeting here.
Kuala Lumpur, May 19 (IANS) Indian shuttlers were thrashed 0-5 by their Chinese counterparts on the first day of the Sudirman Cup here at the Putra Stadium Sunday.
Melbourne, May 19 (ANI): A Belgian golfer had crashed out of the World Match Play Championship in Bulgaria after he was forced to play out of a toilet.
London, May 19 (ANI): Northern Irish golfer Graeme McDowell has defended his slip about World No.2 Rory McIlroy leaving his management company, saying that although the move is not yet confirmed, it is already being much talked about in the golfing world.
Rio de Janeiro, May 19 (IANS) Brazilian president Dilma Rousseff officially opened Brasilia's Mane Garrincha World Cup stadium.
Kolkata, May 18 (IANS) State Bank of India (SBI) chairman Pratip Chaudhuri Saturday said the central bank's request to banks not to aggressively sell gold products may not lead to a reduction in consumption and greater steps are required to check the demand for the precious metal.
Mumbai, May 18 (IANS) Key indices of Indian equities markets rallied for the fifth week in a row, with the benchmark Sensex gaining 164 points in the weekly trade as a sharp drop in inflation boosted hopes of an early rate cut by the Reserve Bank of India.
New Delhi, May 18 (IANS) Badminton Association of India (BAI) president Akhilesh Das Gupta was Saturday elected to the Badminton World Federation (BWF) Executive Council by a record number of votes in the quadrennial elections at Kuala Lumpur.
Kolkata, May 18 (IANS) Pratip Chaudhuri, chairman of the country's largest lender, State Bank of India (SBI), said Saturday that the RBI and SEBI should start public awareness campaigns for depositors on the risk of investing in shady companies.
New York, May 18 (IANS/CMC) Three-time Olympic gold medallist and four-time World champion Veronica Campbell-Brown will lead about three dozen Caribbean athletes in the Adidas Grand Prix here next week.
Shanghai, May 18 (IANS) American hurdler Aries Merritt, who won his first Olympic gold in London and set a world record in the men's 110m hurdles last year, has geared up for the 2013 International Association of Athletics Federations (IAAF) Diamond League Shanghai leg.
Moscow, May 18 (IANS/RIA Novosti) Hours after winning the World Boxing Association (WBA) cruiserweight title, Guillermo Jones was hit by a scandal when a former champion accused him of doping to give himself unnatural stamina in the knockout win over Denis Lebedev.
Rio de Janeiro, May 18 (IANS) Santos coach Muricy Ramalho has admitted concern at mounting speculation linking his star striker Neymar with a move to Barcelona.
Rio de Janeiro, May 18 (IANS) Former Real Madrid and Brazil international forward Julio Baptista revealed that he is considering a return to Brazilian football.
Rome, May 18 (IANS) World No.3 Roger Federer moved one step closer to his first title this season when he beat Jerzy Janowicz 6-4, 7-6 (2) to advance to the semifinals of the Italian Open tennis.
Sydney, May 18 (ANI): Australian women cricketers are set to take a major leap towards professionalism after Cricket Australia's (CA) expected announcement of a major improvement in pay and conditions for female players next week when it unveils the women's Ashes squad.
Washington, May 18 (ANI): Physicists in Switzerland may have created the smallest drops of liquid ever made in the lab.
London, May 18 (ANI): To increase the security at the upcoming Football World Cup in Brazil in 2014, the Brazil government will reportedly use a fleet of robots that are usually used to neutralize roadside bombs and inspect areas for traces of explosives.
Rome, May 17 (IANS/RIA Novosti) World No. 2 Maria Sharapova admitted Friday that the upcoming French Open played a part in her decision to pull out of the Rome Masters.
Mumbai, May 17 (IANS) A benchmark index of the Indian equities markets Friday closed in marginally positive territory, with scrips of capital goods, bank, power, realty and public sector undertakings (PSUs) gaining.
Bangalore, May 17 (IANS) Leading Turkish private bank Turkland Bank has deployed Finacle software product of Indian IT bellwether Infosys for its core banking, customer relationship management and treasury operations.
Paris, May 17 (IANS) Sharath Kamal took a game off World No.5 Timo Boll before going down 1-4 in the men's singles second round at the World Table Tennis Championships here, ending the Indian challenge in the mega event.
Rio de Janeiro, May 17 (IANS) More than 76 percent of tickets available for next month's Confederations Cup in Brazil have been sold, world football's governing body, FIFA said.
New Delhi, May 17 (IANS) India and China will be the biggest investors by 2030, accounting for 38 percent of the global gross investment and almost half of all the world manufacturing investment, says the World Bank.
Paris, May 17 (IANS) Former Olympic champion and four-time World Cup winner Ma Lin became the biggest name to fall at the World Table Tennis Championships when he was upset by Japan's Kenta Matsudaira in the men's singles second round.
New York, May 17 (ANI): A British designer duo has used proteins extracted from a woman's donated breast milk to create tiny, hardened baby shoes.
Tokyo, May 17 (IANS/EFE) Japan grew at a 3.5 percent clip in the first quarter relative to the same period last year, as Prime Minister Shinzo Abe's ambitious program to combat deflation and revitalize the world's third-biggest economy began to yield results.
London, May 17 (ANI): England national football team manager Roy Hodgson and FA chairman David Bernstein have paid tributes to the football star David Beckham and urged him to stay at the game, saying that he is a charismatic and talented player the football world cannot afford to lose.
Asia will one day be filled with 'millions of men desperate for women', researchers warned last week.
Bangalore, May 16 (IANS) There is a strong possibility of records being re-written in the World 10K Bangalore to be run Sunday, according to Jurrie Van der Velden of Global Sports Communication (GSC), as he introduced the first lot of elite athletes here Thursday.
Bangalore, May 16 (IANS) Maria Mutola, the 2000 Olympics 800m gold medallist, three-time 800m World champion and seven-time 800m Indoor World champion, says self-belief and a sound coaching programme are the keys to success.
New Delhi, May 16 (IANS) Demands for gold in India surged 27 percent to 256.5 tonnes in January-March 2013 even though the global demands dropped by 13 percent, the World Gold Council said Thursday.
Rome, May 16 (IANS) Third seed Andy Murray pulled out of the Rome Masters due to an injury as Rafael Nadal advanced to the third round.
Mumbai, May 16 (IANS) A benchmark index of the Indian equities markets closed flat Thursday, as losses in consumer durables and auto stocks offset gains in realty, healthcare, oil and gas and banking scrips.
Tokyo, May 16 (IANS) Formula 1 team McLaren confirmed Thursday that they will form a new multi-year technology partnership and use Honda engines from the 2015 season.
London, May 16 (ANI): The intimate secrets of a passionate wartime affair has been laid bare in 300 love letters dating back to Word War II.
Rio de Janeiro, May 16 (IANS) Ronaldinho has refused to concede his 2014 World Cup dream and vowed to convince coach Luiz Felipe Scolari he is worthy of a recall to Brazil's national team.
Rio de Janeiro, May 16 (IANS) FIFA secretary general Jerome Valcke has guaranteed Sao Paulo's World Cup football stadium will be ready on time, one day after claiming the venue could be taken off the tournament schedule due to construction delays.
Buenos Aires, May 16 (IANS) Football legend Diego Maradona has been accused of throwing stones at journalists and kicking a photographer following his arrival at Argentina's Ezeiza international airport.
Sydney, May 16 (ANI): Cricket Australia (CA) CEO James Sutherland has backed that infamous 'homework' debacle in India, saying that there were lots of lessons for people involved, who will be better for having gone through it.
Amsterdam, May 16 (IANS) Chelsea coach Rafael Benitez was delighted with the 2-1 victory of his team over Benfica in the final of the Europa League here Wednesday night.
Amsterdam, May 16 (IANS) A late injury-time goal by Branislav Ivanovic helped Chelsea win the Europa League football title final beating Benfica 2-1 here Wednesday night.
London, May 16 (ANI): A mechanic from the UK has built a campervan, which has just 4ft of living space - making it the world's smallest mobile home.
Washington, May 16 (ANI): Engineers at NASA's Goddard Space Flight Center in Greenbelt, Md., completed one of the most delicate performances of their lives and meticulously implanted part of the eyes of the James Webb Space Telescope.
Paris, May 15 (IANS) On a difficult day for India at the World Table Tennis Championships, Sharath Kamal proved to be the lone flag-bearer of the country when he defeated Spaniard Carlos Machado in men's singles first round here Wednesday.
Madrid, May 15 (IANS) Spanish basketball star Pau Gasol confirmed Wednesday that he will not be able to form part of the Spanish squad which will defend its European title in Slovenia this September.
Paris, May 15 (IANS) Top seed and defending champion Ding Ning of China breezed past Dederko Zhenhua of Australia 4-0 to reach the second round of the World Table Tennis Championships here Wednesday.
London, May 15 (IANS) England centre-back Rio Ferdinand has decided to retire from international football and concentrate on his club career with the Premier League giants Manchester United.
Kampala, May 15 (IANS) Uganda's national cricket team has been invited for a tour to Sri Lanka after the east African nation put up an impressive show at the just concluded World Cricket League Division III in Bermuda.
Rio de Janeiro, May 15 (IANS) FIFA has warned that Sao Paulo could be stripped of its status as a 2014 World Cup host city due to stadium construction delays.
Rio de Janeiro, May 15 (IANS) Former FIFA World Player of the Year winners Ronaldinho and Kaka have been left out of Brazil's squad for next month's Confederations Cup.
Melbourne, May 15 (IANS) Cricket Australia (CA) and the Commonwealth Bank Wednesday announced a renewal of their long-standing partnership with Commonwealth Bank set to become the Test team and Test series partner for the next four Australian seasons beginning with this summer's Ashes in Australia.
Mumbai, May 15 (IANS) The Reserve Bank of India (RBI) will issue inflation-linked bonds of Rs.12,000 crore to Rs.15,000 crore in the current financial year to protect the savings of the poor and middle classes from the general price rise and help curb gold imports.
Beijing, May 15 (IANS) An alliance of groups representing labourers who were forced to work for Mitsubishi Materials in Japan during World War II have sought about $60 million as compensation.
Mumbai, May 15 (IANS) A benchmark index of the Indian equities markets surged nearly 500 points Wednesday led by strong buying support in interest rate-sensitive banking, realty and auto stocks on expectation of rate-cut after inflation fell to a three-year-plus low.
Rome, May 15 (IANS) Top seed Novak Djokovic and second seed Roger Federer shook off their shock defeats in Madrid to ease past their opponents into the third round of Rome Masters.
Moscow, May 15 (IANS/RIA Novosti) The remains of 11 people buried about 80 years ago have been discovered near the Russian capital, officials said.
Kolkata, May 14 (IANS) Public sector United Bank of India is planning to opt for a qualified institutional placement (QIP) for raising about Rs.1,000 crore capital, a top official of the bank said Tuesday.
Kolkata, May 14 (IANS) Public sector lender United Bank of India Tuesday reported a 79 percent dip in its net profit to Rs.31.18 crore for the quarter ended March 31, 2013, from Rs 149.29 crore for the same period in the previous year.
Los Angeles, May 14 (IANS) Hollywood actress Angelina Jolie says she has had a double mastectomy to reduce her risk of getting breast cancer and that her partner Brad Pitt was very supportive.
New Delhi, May 14 (IANS) Indian boxers are set to begin their 2013 season with a couple of international exposure tours leading up to the ASBC Asian Confederation Boxing Championships in June, where the participation of the Indian team has been sanctioned by the International Boxing Association (AIBA).
Bangalore, May 14 (IANS) Union Finance Minister P. Chidambaram Tuesday met top bank executives and leading industrialists here on speeding up execution of infrastructure projects by addressing procedural and structural issues.
Lusaka (Zambia), May 14 (IANS) The Zambia Cricket Union (ZCU) named a 14-member squad for the ICC Africa U-19 World Cup Qualifiers (CWCQ) Division 1 tournament Tuesday.
Rio de Janeiro, May 14 (IANS) England's Howard Webb has been named by FIFA as one of 10 referees who will officiate at the Confederations Cup in Brazil next month.
Paris, May 14 (IANS) India's Soumyajit Ghosh, Harmeet Desai, Sanil Shetty and Neha Aggarwal won their opening qualifying matches at the World Table Championships here.
Baku, May 14 (IANS) Azerbaijan won the right to stage the 42nd edition of the 2016 Chess Olympiad in the capital city of Baku from May 17 to 30.
Paris, May 14 (IANS) Eighteen-year-old debutante Hu Limei of China took only 11 minutes to beat Haliti Ilirjana of Kosovo in the first round of qualifying at the World Table Tennis Championships here.
New Delhi, May 14 (IANS) India's headline inflation fell below five percent in April, the lowest since November 2009 as prices of vegetables, milk, eggs, meat and fish eased, government data showed Tuesday.
The Japan International Cooperative Agency (JICA) has offered the Uttar Pradesh government for a financial assistance for many upcoming projects in the state including Metro rail project and the Agra-Lucknow expressway, officials said Tuesday.
Madrid, May 14 (IANS) Barcelona have confirmed that striker Leo Messi will miss the rest of the season as a result of the muscle injury which forced him out of his side's 2-1 win away over Atletico Madrid.
Kingston (Jamaica), May 14 (IANS/CMC) Sprint legend Usain Bolt has announced that he will compete at the Diamond League meeting in Zurich in August.
Rio de Janeiro, May 14 (IANS) Reigning FIFA Club World Cup champions Corinthians are set to sign Chile international midfielder Claudio Maldonado.
London, May 14 (ANI): English wicketkeeper Matt Prior has confessed that he felt uncomfortable at being singled out as the player of the year for the 2012-13 season.
Lucknow, May 14 (IANS) The Japan International Cooperative Agency (JICA) has offered the Uttar Pradesh government financial assistance for the Metro rail project and a host of other projects, including the Agra-Lucknow expressway, officials said Tuesday.
Bangalore, May 13 (IANS) The charity drive associated with the TCS World 10K Bangalore 2013, to be run Sunday, has already collected Rs.3.25 crore, and the amount is expected to increase significantly in the coming days and the days that follow the race, according to 'Bangalore Cares', the official charity partner to the event.
Moscow, May 13 (IANS/RIA Novosti) President Vladimir Putin has signed a decree waiving visa requirements for foreign athletes, coaches and other staff attending international sports events in Russia, the Kremlin announced Monday.
Dubai, May 13 (IANS) Nearly half of over $61 billion sent by expatriates in the Gulf countries in 2012 went to India, according to new data.
New Delhi, May 13 (IANS) Bank of Baroda's net profit for the quarter ending March 31 dipped to 32.21 percent, the public sector bank told the Bombay Stock Exchange.
New Delhi, May 13 (ANI): Despite the Reserve Bank of India (RBI) ordering banks to clear all dues of armed forces pensioners, the former is yet to hand over these amounts.
London, May 13 (ANI): Cutting 100 calories from your diet could be the key to keeping cancer at bay.
Paris, May 13 (IANS) Ten years after she shocked the table tennis world by reaching the last eight at the 2003 World Championships here at the age of 14, Japan's Ai Fukuhara finds that she will face the same situation again at the Bercy Arena.
Rio de Janeiro, May 13 (IANS/EFE) A Brazilian judge has suspended the decision to grant a concession for the Maracana stadium to a private consortium headed by Brazilian construction conglomerate Odebrecht, judiciary officials said.
Paris, May 13 (IANS) The 52nd edition of the world's premier table tennis event will be held in Palais Omnisports de Paris-Bercy May 13-20 with a record 463 men and 360 women participating.
The Hague, May 13 (IANS) Former Netherlands captain Mark van Bommel announced the end of his professional football career.
Rio de Janeiro, May 13 (IANS) Brazilian giants Flamengo are reportedly preparing an offer to sign veteran Manchester United defender Rio Ferdinand.
New Delhi, May 12 (IANS) The government has decided to implement the National Rural Livelihoods Mission (NRLM) in a mission mode to ensure targeted and time-bound delivery of results, an official said here Sunday.
Melbourne, May 12 (IANS) The 2013 World Cup of Golf will return to the Royal Melbourne Golf Club here and will be played Nov 21-24.
Paris, May 12 (IANS) Defending champion Zhang Jike of China said here he is confident of retaining the title at the World Table Tennis Championships to be held here May 13-20.
Paris, May 12 (IANS) China's all-conquering table tennis team has been expected to make another clean sweep of titles at the upcoming World Championships, but their head coach said that his top priority is to bring "joy" to French fans.
Rio de Janeiro, May 12 (IANS) Police in Brazil have banned the use of the caxirola - the country's version of the vuvuzela - from a 2014 World Cup football stadium amid safety concerns.
London, May 12 (ANI): A teenager from Birmingham who was told that she would never walk again has defied medics by winning a world dance championships.
London, May 12 (ANI): The Bank of England is facing a threat of court action for failing to adhere to equality laws following its decision to replace the only historical female figure on English banknotes with a man.
Accra, May 12 (IANS) The Indian government, through the Exim Bank of India, is assisting several African countries in building their physical and social infrastructure that is worth an estimated $260 million.