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The term "capital account" is used with a narrower meaning by the International Monetary Fund (IMF) and affiliated sources. The IMF splits what the rest of the world calls the capital account into two top-level divisions: financial account and capital account, with by far the bulk of the transactions being recorded in its financial account.
Before Malpass became president, his son Robert had joined the International Finance Corporation (IFC), a branch of the World Bank Group that lends money to private sector businesses and whose USD 5.5 billion funding from a USD 13 billion World Bank capital increase was secured by the US Treasury at the time that David Malpass was the Treasury ...
Although a country's balance of payments will bring its current account and capital account into balance, there will be imbalances between countries' accounts. According to the World Bank data, the current account deficit in the United States is $498 billion in 2019 (The World Bank) Suppose a country's balance of payments deficits are persistent.
With 2013 officially closed, companies everywhere have passed on their annual reports to shareholders. And the 2013 report from Bank of America has five quotes every investor must know. [L]et me ...
St. Patrick's Day is just around the corner, so we've got 31 quotes about luck--making your own, being ready when it arrives, even bemoaning its absence--from quotable people ranging from Marc ...
The World Bank Group is the globe's most prestigious development lender, bankrolling hundreds of government projects each year in pursuit of its high-minded mission: to combat the scourge of poverty by backing new transit systems, power plants, dams and other projects it believes will help boost the fortunes of poor people.
It's safe to say that millions of lives have been affected by Mark Zuckerberg and that little social media network he created called Facebook. 15 Mark Zuckerberg quotes that will change the way ...
The World Bank Institute is the capacity development branch of the World Bank, providing learning and other capacity-building programs to member countries. The IBRD has 189 member governments, and the other institutions have between 153 and 184. [2] The institutions of the World Bank Group are all run by a board of governors meeting once a year ...