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Non-Profit Foundation
FINANCE | Retail Banking
worldbank.org

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Investments

15

Portfolio Exits

1

Funds

6

Partners & Customers

10

About World Bank

World Bank, a member of the World Bank Group, is a vital source of financial and technical assistance to developing countries around the world. The bank's mission is to fight poverty with passion and professionalism for lasting results, and to help people help themselves and their environment by providing resources, sharing knowledge, building capacity, and forging partnerships in the public and private sectors.

World Bank Headquarter Location

1818 H Street NW

Washington, DC, 20433,

United States

+1 202 473 1000

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Expert Collections containing World Bank

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Find World Bank in 1 Expert Collection, including Conference Exhibitors.

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Conference Exhibitors

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World Bank Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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World Bank Rank

Latest World Bank News

Laos finds itself in China’s ‘debt trap’: Report

Aug 10, 2022

A+ Vientiane [Laos], August 10 (ANI): Laos, a south-east Asian nation is at a high risk of default as the country has taken huge loans from China to build its large-scale infrastructure projects, giving new momentum to the ‘debt trap’ diplomacy. Laos is at high risk as it is deeply indebted to China for large-scale infrastructure projects, financial experts said. And the international rating agency Moody’s downgraded Laos’ credit rating to Caa3 in mid -June, citing “a very high debt burden and insufficient coverage of external debt maturities by (foreign exchange) reserves.” The agency warned that Laos’ default risk will remain high, The Singapore Post reported. According to the report published by the World Bank in April, preliminary estimates indicated that Laos’ total public and publicly guaranteed debt reached 88 per cent of gross domestic product in 2021. The debt is valued at 14.5 billion US dollars, about half of which is owed to China on loans to fund projects including the China-Laos railway. The 418-km Laos-China railway is a joint venture between Beijing Railway group and two other Chinese government-owned companies with a 70 per cent stake and a Laotian state company with 30 per cent. According to the website, in December 2021 when the Chinese railway build was launched, foreign experts raised questions about the potential benefits to Laos beyond serving as a channel for Chinese trade and that too at a heavy cost. It also pointed out that the Kunming-Vientiane railway is a link in a possible future network to connect China with Thailand, Vietnam, Myanmar, Malaysia and Singapore. That would give southern China more access to ports and export markets. Laotian leaders hoped that the railway will energize their isolated economy by linking it to China and markets as far away as Europe The World Bank, the Asian Development Bank and others had cautioned that harnessing the full economic potential of the railway line will depend on the successful enactment of various changes genuinely linking the railway to the Lao economy at large. People who were displaced from their homes to make way for the railway had complained they were paid too little. Environmentalists said that the construction damaged natural habitats and threatened endangered species in Laos, which already is a centre for wildlife trafficking. The Laos-China railway has linked China’s poor southwest to foreign markets but piled on potentially risky debt. Laos hoped that the railway would reduce transportation costs and boost exports and tourism. According to news reports, Laos incurred a 1.9 billion US Dollars debt for the project, an additional obligation that may push Vientiane to seek some grace from Beijing on repayment. The World Bank forecasts that Laos’ economy will grow by 3.8 per cent this year but warns this will not be enough to generate the fiscal revenue needed for the government to pay its foreign debt. (ANI) This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content. Subscribe to our channels on YouTube & Telegram Support Our Journalism India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that. Sustaining this needs support from wonderful readers like you. Whether you live in India or overseas, you can take a paid subscription by clicking here .

World Bank Investments

15 Investments

World Bank has made 15 investments. Their latest investment was in ContaBilizei as part of their Series B - II on January 1, 2021.

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World Bank Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/14/2021

Series B - II

ContaBilizei

$39.8M

Yes

5

9/4/2020

Loan - II

Engee Manufacturing

$15M

Yes

1

12/15/2019

Biz Plan Competition

Tuverl

Yes

1

12/4/2019

Grant

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$99M

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10

8/15/2018

Series B

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10

Date

1/14/2021

9/4/2020

12/15/2019

12/4/2019

8/15/2018

Round

Series B - II

Loan - II

Biz Plan Competition

Grant

Series B

Company

ContaBilizei

Engee Manufacturing

Tuverl

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Amount

$39.8M

$15M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

5

1

1

10

10

World Bank Portfolio Exits

1 Portfolio Exit

World Bank has 1 portfolio exit. Their latest portfolio exit was CD Finance on January 01, 1996.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/1/1996

Corporate Majority

$99M

2

Date

1/1/1996

Exit

Corporate Majority

Companies

Valuation

$99M

Acquirer

Sources

2

World Bank Fund History

6 Fund Histories

World Bank has 6 funds, including GGIF Africa.

Closing Date

Fund

Fund Type

Status

Amount

Sources

GGIF Africa

1

Ghana Accountability for Learning Outcomes Project

$99M

10

China Cleantech Development Mechanism Fund

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10

Nigeria Clean Technology Fund

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10

Financial Intermediation Fund

10

Closing Date

Fund

GGIF Africa

Ghana Accountability for Learning Outcomes Project

China Cleantech Development Mechanism Fund

Nigeria Clean Technology Fund

Financial Intermediation Fund

Fund Type

Subscribe to see more

Subscribe to see more

Status

Subscribe to see more

Subscribe to see more

Amount

$99M

Sources

1

10

10

10

10

World Bank Partners & Customers

10 Partners and customers

World Bank has 10 strategic partners and customers. World Bank recently partnered with Herbalife Nutrition Foundation, and The Power of Nutrition on June 6, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

6/20/2022

Partner

United States, and

1

5/11/2022

Partner

United States

1

5/1/2022

Partner

Belgium

1

4/7/2022

Partner

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10

11/15/2021

Partner

Philippines

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10

Date

6/20/2022

5/11/2022

5/1/2022

4/7/2022

11/15/2021

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

United States, and

United States

Belgium

Philippines

News Snippet

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Sources

1

1

1

10

10

World Bank Team

11 Team Members

World Bank has 11 team members, including current Chief Information Officer, Patrick Thng.

Name

Work History

Title

Status

Patrick Thng

Chief Information Officer

Current

Ivan Zelenko

Credit Agricole, Caisse des Depots et Consignations, and Banque Nationale de Paris

Chief Information Officer

Current

Janet Syme Piller

Chief Administrative Officer

Current

Janet Piller

Chief Administrative Officer

Current

Jeffrey A. Goldstein

Chief Financial Officer, Managing Director

Former

Name

Patrick Thng

Ivan Zelenko

Janet Syme Piller

Janet Piller

Jeffrey A. Goldstein

Work History

Credit Agricole, Caisse des Depots et Consignations, and Banque Nationale de Paris

Title

Chief Information Officer

Chief Information Officer

Chief Administrative Officer

Chief Administrative Officer

Chief Financial Officer, Managing Director

Status

Current

Current

Current

Current

Former

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