24 October 2016
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Latest articles for World Bank


World Bank selects Asset Control for data management

19 May 2016  |  1535 views  |  0 Company announcement

Asset Control, a leading provider of financial data management solutions, is proud to announce that it has been selected by The World Bank Group.


Remittances edge up slightly in 2015 as more banks pull back

22 April 2016  |  3748 views  |  0 Company announcement

Remittances to developing countries grew only marginally in 2015, as weak oil prices and other factors strained the earnings of international migrants and their ability to send money home to their families, says the World Bank’s latest edition of the Migration and Development Brief, released today.


World Bank reports big drop in numbers of unbanked

16 April 2015  |  8882 views  |  10 News

A new report from the World Bank has recorded a massive 20% drop in the numbers of unbanked consumers, as 700 million adults worldwide joined the formal banking system and became account holders between 2011 and 2014.


Remittance costs in the spotlight as values grow

09 October 2014  |  6523 views  |  3 News

A World Bank report puts the global amount of remittances in 2014 at $582 billion and estimates that migrants paid an average of 7.9% in fees on these money transfers.


IFC invests $7 million in SafetyPay

15 July 2013  |  3537 views  |  0 News

World Bank development investment offshoot IFC has invested $7 million in SafetyPay, a US-based company that enables consumers to pay for goods and services over the Web direct from their own bank account.


World Bank calls for payments deregulation to boost remittance flows

23 November 2012  |  8728 views  |  2 News

Remittance flows to the developing world are expected to total $406 billion this year, says the World Bank, but the promise of mobile remittances has yet to be fulfilled.


Mobile phone access reaches three-quarters of planet's population

19 July 2012  |  9378 views  |  0 News

Around three-quarters of the world's population now have access to a mobile phone, sparking the creation of an emerging 'app economy', according to a new report by the World Bank.


IFC invests in Russian data centre operator IXcellerate

30 May 2012  |  1708 views  |  0 Company announcement

IFC, a member of the World Bank Group, is making a $2.6 million (RUB 83 million) equity investment in datacenter operator IXcellerate to support the construction of a major data facility, expanding access to information technology infrastructure for businesses in Russia.


75% of world's poor unbanked but mobile phones revolutionising access

20 April 2012  |  10023 views  |  1 News

Around three quarters of the world's poor, living on less than $2 a day, do not have a bank account but mobile phones are helping to change this, according to a report from the World Bank.


IMF breached by cyber attackers

13 June 2011  |  5371 views  |  0 News

The World Bank has severed electronic links with the International Monetary Fund after warnings that IMF computer systems had been infiltrated by an unknown foreign power.

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