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The World Bank-China ranking controversy refers to the alleged manipulation of China’s ranking in the World Bank’s annual Doing Business report by World Bank officials while they were negotiating a multibillion-dollar capital increase from China.
Afghanistan is a World Bank Group member country. It has received financial support from the organization since 2002. The World Bank provides loans and grants to support its development and reconstruction efforts. The bank aims to help Afghanistan with matters such as poverty reduction, infrastructure development, education, and governance.
In 2021, an independent inquiry of the World Bank's Doing Business reports by the law firm WilmerHale found that World Bank leaders, including then-Chief Executive Kristalina Georgieva and then-President Jim Yong Kim, [104] pressured staff members of the bank to alter data to inflate the rankings for China, Saudi Arabia, Azerbaijan and the ...
WASHINGTON (Reuters) -U.S. President Joe Biden pledged a $4 billion U.S. contribution to the World Bank's International Development Association fund for the world's poorest countries, a senior ...
WASHINGTON (Reuters) -The World Bank said on Wednesday its executive board approved $2.05 billion in Development Policy Operation funding for Ukraine that includes the first grant from a new $20 ...
The Biden administration officially withdraws two major legislative plans that would have granted student loan forgiveness to more than 30 million Americans. ( Forbes ) (CNBC) Japanese automakers Nissan and Honda announce plans to for a merger by 2026, potentially forming the third-largest automotive company in the world .
The major global rollout of COVID-19 vaccines, which began at the end of 2020, continued in 2021. Most major events scheduled for 2020 that were postponed due to the pandemic were hosted in 2021, including the 26th United Nations Climate Change Conference, Expo 2020, and sporting events such as UEFA Euro 2020, the 2020 Summer Olympics and ...
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 ...