Tag: World Bank

Nepal needs huge recovery effort after earthquake: World Bank

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 […]

  • Tuesday, 22 June 2021
World Bank chief Yong Kim praises Jan Dhan Yojana

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

  • Tuesday, 22 June 2021
world bank
World Bank projects India's growth at over 6% in 2014-15

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.

  • Monday, 21 June 2021
Time to Ban Eucalyptus, Acacia Plantations

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 […]

  • Thursday, 10 June 2021
COVID-19 causes severe disruption to Indian economy, says World Bank
World Bank Cuts India's Growth Forecast For FY22 To 8.3%

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.

  • Wednesday, 09 June 2021
Trump nominates David Malpass to head World Bank

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 […]

  • Tuesday, 04 May 2021
World Bank provides Afghanistan $235 mn for development

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 […]

  • Tuesday, 04 May 2021
David Malpass takes office as World Bank president

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 […]

  • Sunday, 02 May 2021
Fani Aftermath: World Bank teams assess loss in Puri, Cuttack

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 […]

  • Friday, 30 April 2021
World Bank maintains China's 6.2% growth forecast for 2019

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 […]

  • Friday, 30 April 2021
Indian economy grew 7.2% in 2018-19, likely to top at 7.5%: World Bank

New York: As Finance Minister Nirmala Sitharaman prepares her budget, the World Bank reports Indias economy grew by 7.2 per cent in 2018-19 in contrast to the recent Indian Central Statistical Office (CSO) estimate of only 6.8 per cent growth during the period. The Bank’s Economic Prospects Report released on Tuesday forecast India’s economy to […]

  • Friday, 30 April 2021
Inflation turned from volatile to stable in 5 years: Economic Survey

New Delhi: The Economic Survey 2018-19 said that India’s inflation scenario transitioned from its high and volatile levels to a low and stable condition in the last five years. “The economy witnessed a gradual transition from a period of high and variable inflation to more stable and low level of inflation in the last five […]

  • Wednesday, 28 April 2021
World Bank clears $250 million for Kerala scheme

Thiruvananthapuram: The first tranche of $250 million of the $500 million fund set aside by the World Bank for the Resilient Kerala Programme (RKP) to help improve the state’s resilience against natural disasters and climate change has been cleared, according to a top bank official. Kerala had become the first Indian state to get this […]

  • Wednesday, 28 April 2021
Concerns Raised Over Operation Of Centres Of Excellence In Odisha

Bhubaneswar: Concerned over the functioning of centres of excellence under different varsities of Odisha, the Higher Education Department today held a meeting with the vice-chancellors of different government universities and officials of the World Bank. During the meeting, Higher Education Secretary Saswat Mishra sought information on the utilisation of funds received from the World Bank […]

  • Sunday, 25 April 2021
India Still Fast-Growing Economy With Lot Of Potential: World Bank Economist

Washington: India has been relatively hit hard by the recent global slowdown resulting in its projected growth dropping to 6.0 per cent in 2019, but it’s still a fast-growing economy with a lot of potential, a top World Bank economist said on Sunday. “It’s still a fast-growing economy. So even with the recent slowdown, it […]

  • Saturday, 24 April 2021