Tag: World Bank Group

Washington: The International Monetary Fund has hailed the strength of the global economy at the close of the annual meetings of the World Bank Group and the IMF. “The outlook is strengthening with a notable pickup in investment, trade and industrial production, together with rising confidence,” the IMF’s International Monetary and Financial Committee said in […]

Washington: David Malpass on Tuesday took office as the president of the World Bank Group, and said he looks forward to undertaking the task with enthusiasm. Malpass made his debut as the 13th president of the World Bank at its headquarters in Washington on Tuesday morning. “I want to thank the Board of Directors and […]

New Delhi: The World Bank’s Board of Executive Directors today approved a $1 billion accelerating India’s COVID-19 Social Protection Response Program to support India’s efforts at providing social assistance to the poor and vulnerable households, severely impacted by the COVID-19 pandemic. This takes the total commitment from the Bank towards emergency COVID-19 response in India […]