World Bank

The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects. It comprises two institutions: the International Bank for Reconstruction and Development, and the International Development Association.

Source: en.wikipedia.org

World Bank Sees Remittance Flows Shrink Amid Pandemic
World Bank Sees Remittance Flows Shrink Amid Pandemic
October 29, 2020  |  Global Payments

The pandemic is affecting the amount of money migrant workers can send home, with remittances projected to drop 7 percent this year to $508 billion...

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Pleo Launches Expense Management Tool Pleo Pocket
Pleo Launches Expense Management Tool Pleo Pocket
October 29, 2020  |  B2B Payments

Pleo is offering new services bundled under the brand Pleo Pocket that will make it easier for businesses to centralize financial information, according to a...

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Today In Payments Around The World: Flywire Joins Forces With BELTA; EMQ Provides High-Value Settlement In Japan
Today In Payments Around The World: Flywire Joins Forces With BELTA; EMQ Provides High-Value Settlement...
October 08, 2020  |  News

In today’s top payments news around the world, Flywire has teamed with the Brazilian Educational & Language Travel Association on payment options for students studying...

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Pandemic Will Push 150M Into ‘Extreme Poverty’ By 2021, World Bank Says
Pandemic Will Push 150M Into ‘Extreme Poverty’ By 2021, World Bank Says
October 07, 2020  |  International

The COVID-19 pandemic is accelerating a rise in global extreme poverty, the first time there has been an uptick since before 2000, the World Bank said on...

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Money Transfer Startup Remitly Nets $85M On $1.5B Valuation
Money Transfer Startup Remitly Nets $85M On $1.5B Valuation
July 30, 2020  |  Investments

Remitly, which works to provide remittances and financial services for immigrants, announced an $85 million funding round amid a worldwide surge in demand for those...

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High Tech Microlending — And Why Chickens Hatch Great ROI
High Tech Microlending — And Why Chickens Hatch Great ROI
June 08, 2020  |  Loans

The World Bank distributes about $25 billion a year to countries through governments that identify areas where investment is needed and capital can be deployed...

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COVID-19 Puts $100B Dent In Global Remittance Flows
COVID-19 Puts $100B Dent In Global Remittance Flows
April 22, 2020  |  Global Payments

The world remittance fall-off anticipated because of the coronavirus pandemic could have serious effects for numerous countries, according to a Financial Times report that cited the...

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EU Eases State Aid For Cos. As Banks Worldwide Pledge Help Funding
EU Eases State Aid For Cos. As Banks Worldwide Pledge Help Funding
March 17, 2020  |  Coronavirus

The coronavirus is spurring governments and companies to take action to help businesses and individuals. Here are the latest updates on the coronavirus around the...

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World Bank Downgrades India’s GDP Forecast
World Bank Downgrades India’s GDP Forecast
October 13, 2019  |  Economy

The World Bank has downgraded India’s GDP forecast due to a decrease in domestic demand. “India’s cyclical slowdown is severe,” the report said, according to...

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