Tag: World Bank

Bhubaneswar: Overwhelmed over the total investment intent of over Rs 2 lakh crore received during the recently concluded ‘Make in Odisha’ Conclave, Chief Minister Naveen Patnaik today said the state government will take steps to ensure grounding of these investments. “I am particularly pleased that the proposed investments have the potential to generate 1.4 lakh […]

Berhampur: Cutting across party lines, corporators of Berhampur Municipal Corporation (BMC) have expressed concern over the slow progress of the World Bank-aided Odisha Disaster Recovery Project (ODRP) worth Rs 180 crore in this south Odisha city. The project includes development of 85 slum pockets, repair and widening of major and interconnecting road stretching across 7.60 […]

World Bank is likely to fund the development of higher education sector in Odisha

Beijing: The World Bank Group (WBG) and China signed an agreement here yesterday to set up a trust fund to help reduce poverty. The fund aims to enhance the WBG-China cooperation and leverage financial and knowledge-based resources to help developing countries achieve inclusive and sustainable development, the WBG said in a statement, according to Xinhua […]

Lucknow: The Uttar Pradesh government yesterday assured a visiting World Bank (WB) team that it would complete all the projects funded by it in the next five years rather than the stipulated time line of seven years. The assurance, to the team led by Jun Matsumoto, was given by Irrigation Minister Shivpal Singh Yadav, who […]

Kathmandu: An assessment of the impact of the devastating April 25 earthquake and major aftershocks thereafter shows that Nepal’s recovery needs an amount equivalent to a third of the Himalayan nation’s economy, the World Bank said today. The damage to the economy will require sustained financial support and effective recovery programmes to create a more […]

World Bank chief Jim Yong Kim has praised the "extraordinary Indian effort" to open millions of bank accounts under prime minister Narendra Modi's Jan Dhan Yojana

The World Bank has projected India's economy will grow over 6 per cent in 2014-15 and 7.1 per cent by 2016-17 as global demand recovers and domestic investment increases.

The findings are startling. A study undertaken by the Karnataka forest department has found that large scale plantation of eucalyptus and acacia has played havoc with ground water level in three districts of the state – Bengaluru Rural, Kolar and Chikkaballapur – and converted them into barren lands.  Based on the findings, the Karnataka government […]

The World Bank has lowered the growth projection for India for the financial year 2021-22 to 8.3 per cent. Its previous growth estimate for the fiscal was 10.1 per cent.

Washington: US President Donald Trump on Wednesday nominated David Malpass, one of his top economic advisers and a Wall Street veteran, to be the next president of the World Bank. Malpass, currently the under secretary for international affairs at the Treasury Department, has been a point person in the Trump administration’s trade negotiations with China […]

Kabul: The World Bank has provided a grant of $235 million to the Afghan government to support its efforts for development and stimulating growth in the country, the country’s Finance Ministry said on Thursday. On Wednesday, Acting Minister of Finance Humayon Qayoumi and World Bank Country Director for Afghanistan Shubham Chaudhuri signed the new financial […]

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 […]

Puri/Cuttack: More than three weeks after cyclone Fani struck coastal parts of Odisha, two teams of World Bank today visited Puri and Cuttack districts to assess the loss incurred due to the natural disaster. A 26-member team visited several areas in Puri to assess the damages suffered by educational institutions, healthcare system, tourism, industries, heritage […]

Beijing: The World Bank on Friday maintained its growth forecast for China in 2019 at 6.2 per cent, although it lowered the country’s 2020 growth figure to 6.1 per cent and said domestic demand will be key to facing economic uncertainty. In a report, the institution said Chinese economic growth remained “resilient” with GDP growth […]