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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. [5] The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA ...
This is a list of countries by employment rate, this being the proportion of employed adults in the working age.The definition of "working age" varies: Many sources, including the OECD, use 15–64 years old, but EUROSTAT uses 20–64 years old, the United States Bureau of Labor Statistics uses 16 years old and older (no cut-off at 65 and up), and the Office for National Statistics of the ...
World Bank Group. The World Bank Group ( WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. [7] The bank is headquartered in Washington, D.C., in the United States.
Ajay Banga. Ajaypal Singh "Ajay" Banga (born November 10, 1959 [1]) is an Indian-born American business executive. [2] He is currently the president of the World Bank Group. [3] He was the executive chairman of Mastercard, after having previously served as president and chief executive officer (CEO) of the company from July 2010 until December ...
The World Bank lends around US$27.1 billion to India, which makes it the largest country of IBRD support. In September 2018, the World Bank Group began a new partnership with India. The partnership emphasizes an efficient and sustainable growth path and fosters competitiveness to create new job opportunities and investments in human capital.
The chief economist of the World Bank (full title: Senior Vice President for Development Economics and Chief Economist of the World Bank Group) is the senior economist at the World Bank Group, tasked with providing intellectual leadership and direction to the bank's overall international development strategy and economic research agenda, at global, regional and country levels.
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