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World Bank

The World Bank is an international financial institution that provides loans to developing countries for capital programs. The World Bank Group has set two goals for the world to achieve by 2030: end extreme poverty by decreasing the percentage of people living on less than $1.25 a day to no more than 3%; promote shared prosperity by fostering the income growth of the bottom 40% for every country. According to its Articles of Agreement all its decisions must be guided by a commitment to the promotion of foreign investment and international trade and to the facilitation of capital investment.

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    • Global Financial Development
      February 2019
      Source: World Bank
      Uploaded by: Knoema
      Accessed On: 15 February, 2019
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      Data cited at: The World Bank https://datacatalog.worldbank.org/ Topic: Global Financial Development Publication: https://datacatalog.worldbank.org/dataset/global-financial-development License: http://creativecommons.org/licenses/by/4.0/   The Global Financial Development Database is an extensive dataset of financial system characteristics for 206 economies. The database includes measures of (1) size of financial institutions and markets (financial depth), (2) degree to which individuals can and do use financial services (access), (3) efficiency of financial intermediaries and markets in intermediating resources and facilitating financial transactions (efficiency), and (4) stability of financial institutions and markets (stability).For a complete description of the dataset and a discussion of the underlying literature, see: Martin Cihak; Asli Demirguc-Kunt; Erik Feyen; and Ross Levine, 2012. "Benchmarking Financial Systems Around the World." World Bank Policy Research Working Paper 6175, World Bank, Washington, D.C.

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