Tag: World Bank

"Flows to India (the world's largest recipient of remittances) are expected to reach USD 87 billion, a gain of 4.6 per cent with the severity of COVID-19 caseloads and deaths during the second quarter (well above the global average) playing a prominent role in drawing altruistic flows (including for the purchase of oxygen tanks) to the country," the World Bank report stated.

Inflation in Pakistan is taking a serious toll on the lives of the locals as the income of a household has fallen by at least 35 per cent while the cost of living under basic facilities of food and shelter has surged by 40 to 50 per cent.

Of the major economies, China is ahead with its economy expected to grow by 8.5 per cent during the current calendar year after the Bank revised it upwards from the 8.1 per cent projection in April.

Sri Lanka also has the highest rate of road fatalities in South Asia with around 3,000 deaths per year, the World Bank statement said.

New Delhi: Exactly a month ahead of the much touted ‘Make In Odisha’ conclave of the State government scheduled to begin here from November 30, Odisha has slipped to 11th position in the ‘Ease of Doing Business Reforms Ranking 2015-16’ conducted by the Department of Industrial Policy and Promotion (DIPP) and the World Bank. While […]

Bhubaneswar: A team from World Bank has arrived in Odisha to review the energy-efficient street lighting project and cyclone risk mitigation project in State. The team comprises 14 executive directors of World Bank. According to sources, the team will visit various places in the state including Gopalpur and Chilika. Prior to the vist, the team […]

Appreciating significant outcome of the Integrated Coastal Zone Management Project (ICZMP) Phase-1 activities in Odisha, the World Bank has offered its support for extension of the project in the state

The World Bank on Monday said it would provide financial assistance to the Odisha government to tackle urban flooding

Washington: World Bank President Jim Yong Kim has abruptly resigned from his post to join a private infrastructure investment firm, an unexpected departure that comes nearly three years before the end of his term. Kim, who had served in the role since 2012, announced on Monday that he would leave his post well ahead of […]

Katowice (Poland): The World Bank on Monday praised India’s success in renewable energy auctions that delivered record-setting low prices for solar power and said that the number of countries with strong policy frameworks for sustainable energy more than tripled — from 17 to 59 — in the eight years till 2017. Many of the world’s […]

Washington: India is expected to receive a total remittance of $80 billion in 2018, said the latest edition of the World Bank’s Migration and Development Brief, released on Saturday. “Among major remittance recipients, India retains its top spot, with remittances expected to total $80 billion this year, followed by China ($67 billion), Mexico and the […]

New Delhi: With India jumping 23 ranks on Ease of Doing Business index, World Bank chief Jim Yong Kim on Friday called up Prime Minister Narendra Modi to congratulate him for the ‘historic rise’ in the rankings. According to a PMO release, Kim said this has been made possible, in large measure, due to the […]

New Delhi: India has climbed 23 places in the World Bank’s (WB) latest ease of doing business rankings in a near repeat of its performance last year and now stands at 77 among 190 countries assessed by the multilateral lender. The World Bank’s latest Doing Business Report 2019 released here on Wednesday showed that various […]

Dhaka: The Bangladesh government and the World Bank on Sunday signed an agreement to improve the transparency and efficiency of its major cash transfer programmes. Mahmuda Begum, an Additional Secretary of Bangladesh’s Economic Relations Division, and Qimiao Fan, World Bank country Director for Bangladesh, Bhutan and Nepal, signed the agreement worth $300 million here, reports […]

Bhubaneswar: Odisha has been ranked an “Aspiring Leader” in a survey of 21 states conducted by Invest India and World Bank, an official said on Monday. Odisha scored 80 per cent marks overall as against a national average of 70 per cent and was placed in the “Aspiring Leaders” category along with four other states. […]