Tag: World Bank

world-bank-up
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
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
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
assessment
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
eco-survey
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
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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
Excellence
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
World Bank
World Bank Cuts India's Growth Projection To 6 Per Cent

Washington: After a broad-based deceleration in the initial quarters of this fiscal year, India’s growth rate is projected to fall to 6 per cent, the World Bank said on Sunday. In 2018-19, the growth rate of the country stood at 6.9 per cent. However, the bank in its latest edition of the South Asia Economic […]

  • Saturday, 24 April 2021
IMF
IMF Cuts India's FY20 Growth Forecast To 6%

New Delhi: The outlook for the Indian economy for the current fiscal seems to get bleaker by the day as major economic forums and institutions have of late revised the country’s GDP forecast downwards, with the International Monetary Fund (IMF) being the latest in the fray. The IMF in its World Economic Outlook released on […]

  • Saturday, 24 April 2021
World-Bank
India Moves Up 14 Spots To 63 On World Bank's Ease Of Doing Business Ranking

Washington: India jumped 14 places to the 63rd position on the World Bank’s ease of doing business ranking released on Thursday, riding high on the government’s flagship ‘Make in India’ scheme and other reforms attracting foreign investment. The country also figured among the top 10 performers on the list for the third time in a […]

  • Saturday, 24 April 2021
The-World-Bank
India Jumps 14 Spots To Rank 63rd On World Bank's Ease Of Doing Business List

Washington: India has jumped 14 places to take the 63rd position on the World Bank’s ease of doing business ranking released on Thursday, figuring among the top 10 performers on the list for the third time in a row mainly due to the successful implementation of the Insolvency and Bankruptcy Code. The country was 77th […]

  • Saturday, 24 April 2021
US-Senate
US Senators Proposes Bill To Clamp Down On World Bank Lending To China

Washington: Three top Republican senators have tabled a legislation in the US Senate to prevent World Bank from lending to China on projects that would be used against religious and ethnic minorities. The move comes following reports of a questionable USD50 million World Bank loan to a Chinese organisation associated with the forcible internment of […]

  • Thursday, 22 April 2021
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