Annual Reports
The World Bank Group is an international developmental and financial institution. It is among the world’s largest development organizations which provide technical and financial aid to the developing countries of the world.
The World Bank has some affiliates- International Bank for Reconstruction and Development, The International Development Association, The International Finance Corporation, The Multilateral Investment Guarantee Agency. These all work together to achieve the goals of reducing poverty and providing improved lifestyle. This is done through providing assistance for infrastructure, education, health, trade, finance etc.
Working towards these goals, in fiscal 2009, The World Bank Group provided assistance to 767 projects worldwide. This totaled around $58.8 billion, distributed in loans, grants, credits and guarantees. During this time, IBRD granted $32.9 billion for 126 new projects. This sum was granted to 42 countries with middle-income and with creditworthy low income.
Goldman Sachs Group Inc. announced net revenues of $45.17 billion and net earnings of $13.39 billion. This produced a 22.5% return on average common shareholders’ equity. These statistics were released for the year ended December 31, 2009. These statistics influenced the diluted earnings per common share which increased steeply from $4.47 for last year to $22.13 this year.
United States’ biggest bank reported a $5.2 billion loss in the fourth quarter. This loss was a result of the company’s decision to return the bailout money it had received from the government. However Bank of America reported a net income of $ 6.3 for full year of 2009. This was a welcome sign as the income rose as compared to net income of $4.0 billion in 2008.