World Bank stops all projects in Russia, Belarus with 'immediate effect'
Following the Russian invasion of Ukraine and hostilities against the people of Ukraine, the World Bank Group has stopped all its programs in Russia and Belarus with immediate effect, the statement added.
Mar 03, 2022, 08:21 AM IST
World Bank's big statement amid Russia attack
After Russia's attack on Ukraine, Ukraine has received support from the World Bank. The World Bank has promised to provide all possible help to Ukraine.
Feb 25, 2022, 08:28 AM IST
World Bank offers $115 million loan for rejuvenating watersheds in India
The $115 million (Rs 869 crore) loan has a maturity of 15 years, including a grace period of 4.5 years, the Finance Ministry said.
Feb 18, 2022, 20:32 PM IST
World bank warns of sharp decline in global economic growth with high-level debts
The global growth is expected to decelerate "markedly" to 4.1% in 2022 from 5.5% last year, and drop further to 3.2% in 2023 as pent-up demand dissipates and governments unwind massive fiscal and monetary support provided early in the pandemic.
Jan 11, 2022, 21:26 PM IST
COVID-19 pandemic pushed over half a billion into extreme poverty: UN report
The findings, launched on International Universal Health Coverage Day, highlighted the devastating impact of COVID-19 on people`s ability to obtain healthcare and pay for it
Dec 13, 2021, 09:42 AM IST
FM Nirmala Sitharaman discusses post-pandemic economic recovery with CMs, state Finance Ministers
Projections of the International Monetary Fund (IMF) and World Bank peg India`s GDP growth at about 9.5 per cent and 8.3 per cent respectively.
Nov 15, 2021, 22:38 PM IST
Opportunities galore in India for investors and industry stakeholders: Nirmala Sitharaman
Sitharaman arrived here late Friday after her visit to Washington DC where she participated in the annual meetings of the World Bank and the International Monetary Fund.
Oct 17, 2021, 09:54 AM IST
Digitisation, Make in India discussed as Sitharaman meets top CEOs in New York
India's recently launched Rs 100-lakh-crore infrastructure master plan, digitisation and the 'Make in India' initiative were among the main topics discussed as Finance Minister Nirmala Sitharaman connected with the world's leading business officers at the Big Apple here on Saturday.
Oct 16, 2021, 23:53 PM IST
FM Nirmala Sitharaman embarks on week-long US visit to attend G-20, World Bank meetings
As part of official visit to the US, she will also address investors including large pension funds and private equity players and will invite them to participate in India's growth story.
Oct 11, 2021, 11:20 AM IST
IMF head Kristalina Georgieva called out for applying ‘undue pressure’ to boost China’s ranking in Doing Business report
The report, prepared by law firm WilmerHale, raises concerns about China`s influence at the World Bank, and the judgment of Georgieva - now managing director of the IMF - and then-World Bank President Jim Yong Kim.
Sep 17, 2021, 18:10 PM IST
World Bank pauses financial aid to Afghanistan, says it's 'deeply concerned' for women
Before this, the International Monetary Fund (IMF) had blocked operations in Afghanistan, which include an existing USD 370 million loan programme, as well as USD 340 million that Kabul was due to receive from Monday's release of Special Drawing Rights (SDR).
Aug 25, 2021, 08:00 AM IST
COVID-induced economic slowdown led to one third of global infant deaths in India: Report
The highest numbers of estimated excess infant deaths were in South Asia (8 countries), totalling 1,13,141, with more than a third of the excess projected to be in India (99,642).
Aug 24, 2021, 13:35 PM IST
China trying to paint dark outlook for Indian economy, warns Global Times
The mouthpiece is known to have a pessimistic view of India and recently faulted India's manufacturing sector.
Jul 25, 2021, 22:42 PM IST
Poverty in Pakistan rises to over 5% in 2020: World Bank
According to the World Bank's estimation, over two million people fell below the poverty line in Pakistan, increasing the poverty rate to 5.4 % which was 4.4 % in the year 2020.
Jun 22, 2021, 17:07 PM IST
World Bank approves $60 million to strengthen Nepal's higher education
"The COVID-19 pandemic has highlighted the critical importance of building back better and prioritizing human capital development," stated Faris Hadad-Zervos, World Bank Country Director for Maldives, Nepal, and Sri Lanka.
Jun 13, 2021, 17:15 PM IST
World Bank projects India to grow at 8.3 per cent in 2021
In 2020, India's economy is estimated to have contracted by 7.3 per cent while in 2019, it registered a growth rate of four per cent, the World Bank said, adding that in 2023, India is expected to grow at 6.5 per cent.
Jun 08, 2021, 19:23 PM IST
Global economy expected to expand 5.6 per cent in 2021, says World Bank
Among major economies, US growth is projected to reach 6.8 per cent this year, reflecting large-scale fiscal support and the easing of pandemic restrictions. Growth in other advanced economies is also firming, but to a lesser extent.
Jun 08, 2021, 19:15 PM IST
Ranjitsinh Disale, winner of Global Teacher Award, becomes World Bank's Education Advisor
The World Bank recently established a new Coach project aimed at improving in-service teacher professional development to help students learn their lessons at a faster pace.
Jun 04, 2021, 08:43 AM IST
World Bank approves USD 32 million project to boost health services in Mizoram
The project titled "Mizoram Health Systems Strengthening Project" will strengthen the governance and the management structure of the Mizoram Health department and its subsidiaries.
Apr 02, 2021, 14:43 PM IST
Myanmar coup results in contraction of economy by 10 percent: World Bank
Myanmar’s economy is expected to contract by 10 per cent this year, World Bank forecasts released on Friday.
Mar 26, 2021, 08:49 AM IST