The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.
Machine readable artist. Founder @graphcommons Fellow @Ashoka TR @arikantr
2/ Crack down on tax evasion and wealth hoarding internationally. Sanctions hurt ordinary citizens, targeting the elite is crucial. Not just Russian, all oligarchs of the world from US to Turkey rely on these offshore bank accounts, as @ICIJorg reminded us with @PandoraPapers
Senior business reporter at South China Morning Post, former host of China Geopolitics podcast. Previously written for New York Times and Wall Street Journal
Deutsche Bank is targeting higher profitability in Asia-Pacific as it believes its businesses will benefit from a pick-up in cross-border and fixed income activity as the region recovers faster than other parts of the world, according to its APAC CEO. https://t.co/y4zX9oAQZg
Econ Editor, BBC. Fin crisis book @theDefaultLine .. Newsnight. Host award-winning 2016 EUref TV interviews & 2017 GE debate. United ST.
I asked Adeyemo if there was a risky precedent in targeting a central bank which is supposed to have “sovereign immunity”. “the message there is the idea is you can't violate the rules of the world and the global order and expect to enjoy the privileges of being a part of that”