Tag: World Bank
17 Results
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World Bank signs USD 1 billion loan to support India’s health sector
The Government of India and the World Bank signed two complementary loans of USD 500 million each to support and enhance India's health sector development.
March 5, 2023 -
World Bank president meets PM Modi, commends India on maintaining solid growth during slowdown
Prime Minister Modi and Malpass discussed India in terms of "Amrit Kaal" and the goal to achieve and sustain 8 per cent growth as India approaches the 100th anniversary of its Independence in 2047.
February 23, 2023 -
World Bank to provide USD 1.78 bn to earthquake-hit Turkey for relief and recovery efforts
The death toll following the earthquakes that hit Turkey and Syria on Monday has risen to 21,051, CNN reported citing authorities.
February 10, 2023 -
Rupee fared relatively well versus other emerging market currencies, says World Bank
Currently, Rupee is trading around 82.0 against the US Dollar as against a record low of 83 it breached in mid-October.
December 6, 2022 -
World Bank makes upward revision of India’s GDP growth forecast due to robust economic activities
India's real GDP growth is expected to be at 6.9 per cent in FY22-23 compared to 8.7 per cent in FY21-22, according to World Bank's latest India Development Update.
December 6, 2022 -
Officials halt World Bank project after irregularities
The West Bengal Major Irrigation and Flood Management Project is aimed to benefit about 2.7 million farmers in five Bengal districts cultivating on 3.94 lakh hectares with better irrigation services and distinctive protection against annual flooding to mitigate the impact of climate change.
December 3, 2022 -
Investment opportunities in space cooling to be $1.5tn by 2040 in India: World Bank report
The report titled "Climate Investment Opportunities in India's Cooling Sector" further estimated that by 2050, 45 per cent of the country's peak electricity demand in 2050 is expected to come from space cooling alone.
November 30, 2022 -
When benefactors become villains
In recent years, as Pakistan has hurtled from one catastrophe to another, remittances sent by Pakistani workers living abroad have been a source of some small amount of stability.
November 5, 2022 -
Hungry Kya?
A war of words has followed the release of the Global Hunger Index (GHI), 2022 which ranked India at number 107 out of 121 countries.
October 25, 2022 -
Global economy dangerously close to a recession: World Bank
"That's a world recessions could happen under certain circumstances," Malpass said.
October 14, 2022 -
“A logistical marvel”: IMF on India’s direct cash transfer scheme
This praise for India's cash transfer scheme comes as the country continues to maintain its position as the fastest-growing major economy in the world.
October 13, 2022 -
Nirmala Sitharaman to visit USA to attend annual meetings of IMF-World Bank
During her visit to the US from October 11 to 16, the Finance Minister would meet US Treasury Secretary Janet Yellen and World Bank President David Malpass separately to discuss issues of mutual interest.
October 11, 2022 -
World Bank cuts India’s GDP growth to 6.5%
Citing the deteriorating global scenario, the World Bank on Thursday downgraded India's GDP forecast for the current fiscal to 6.5 per cent.
October 6, 2022 -
Global food supply crisis: a ‘not-so-rosy’ future projection
As per the data, the share of high-income countries with high inflation has also increased sharply, with about 85.7 percent experiencing severe hikes in food prices.
September 28, 2022 -
World Bank approves $150 million loan for Punjab to improve state’s finances, service delivery
The World Bank's Board of Executive Directors today approved a loan of USD 150 million to the Indian state of Punjab to help the state better manage its financial resources and improve access to public services. The loans have a maturity of 15 years including a grace period of 6 months
September 20, 2022 -
World Bank warns of rising global recession risk
Global growth is slowing sharply, with further slowing likely as more countries fall into recession, says World Bank Group President David Malpass.
September 16, 2022 -
Short of Teesta
While India’s studied silence on Teesta has disappointed Dhaka, Mr Modi’s pledge to discuss the economic issue has been generally welcomed by the Bangladesh delegation.
September 10, 2022