Maharashtra seeks Rs 5,000 crore WB loan for drought mitigation

Maharashtra seeks Rs 5,000 crore WB loan for drought mitigation

Maharashtra Government is seeking a loan of Rs 5,000 crore from the World Bank for implementing drought-mitigation steps, from water conservation to changing crop pattern, Chief Minister Devendra Fadnavis said on Monday.

World Bank to lend Ecuador $150 million to speed aid to quake victims

The World Bank said on Friday it would lend Ecuador $150 million to speed up assistance to victims of last week`s major earthquake that devastated large areas of the country`s northern coast.

Panama Papers: IMF, World Bank, UN, OECD form new group to stop tax erosion

Panama Papers: IMF, World Bank, UN, OECD form new group to stop tax erosion

The International Monetary Fund and the World Bank said on Tuesday they are joining forces with other international organizations to cooperate on tax issues and develop new tools and standards to halt tax base erosion and evasion.

Countries look to draw expatriate cash with "diaspora bonds"

A growing roster of developing states are turning to their compatriots abroad to raise cash by marketing "diaspora bonds", a funding strategy successfully pioneered by India and Israel but sometimes tricky to imitate

Iran says West not sticking to commitments on easing sanctions

The international community is not sticking to its promises to lift sanctions on Iran. 

Top EU nations urge tax crackdown

Europe's top economies called for a crackdown on tax havens and urged G20 countries to rip away the secrecy protecting shell companies, as the Panama Papers scandal claimed Spain's industry minister as the latest political victim today

G20 ministers face pressure on economic growth, tax evasion

G20 ministers face pressure on economic growth, tax evasion

Finance ministers of the world`s top economies face pressure to do more for global growth and crack down on tax evasion when they gather Friday during the spring meetings of the IMF and World Bank.

IMF, World Bank focus on economic risks of Brexit, tax evasion

IMF, World Bank focus on economic risks of Brexit, tax evasion

The IMF and World Bank focused Thursday on Britain`s possible EU pullout and widespread tax evasion as key threats to the global economy as they opened their Spring Meetings.

Despite $1 billion drop, India retains world's largest remittance recipient country tag in 2015

Despite $1 billion drop, India retains world's largest remittance recipient country tag in 2015

India retained its top spot in 2015, attracting about USD 69 billion in remittances, down from USD 70 billion in 2014, the World Bank said in its annual report 'Migration and Development Brief'.

Dark economic cloud over IMF-World Bank meeting

 Worries that the global economy is nearing a stall made worse by the specter of `"Brexit" cloud the air as the world`s finance chiefs gather in Washington beginning Thursday for the IMF-World Bank Spring meetings.

IMF chief eyes 'bigger, bolder' effort on refugee crisis

International Monetary Fund Managing Director Christine Lagarde on Wednesday said efforts to deal with refugees from war-torn countries in the Middle East and North Africa required a "bigger, bolder and broader approach."

Jaitley arrives in US to attend WB, IMF meetings

During his week-long stay in the US, Jaitley would also travel to New York to meet with private sector leaders with an objective to attract foreign direct investments to India.

'Companies working with World Bank in Africa use tax havens'

'Companies working with World Bank in Africa use tax havens'

The vast majority of companies that received money from the World Bank's private lending arm last year to finance investment in Africa's poorest region use tax havens, a campaign group has said.

India's robust growth to hasten South Asia's development: World Bank

India's robust growth to hasten South Asia's development: World Bank

India's robust growth will make South Asia the fastest-growing region in the world, with economic growth of the region projected to gradually accelerate from 7.1 percent in 2016 to 7.3 percent in 2017, the World Bank has said.

India has potential to grow between 8 to 10%, says CEA Arvind Subramanian

India has potential to grow between 8 to 10%, says CEA Arvind Subramanian

India's economy has the potential to grow between eight to 10 percent if the country continues the pace of reforms, Chief Economic Adviser (CEA) Arvind Subramanian has said.

India's GDP to grow at 7.7% in 2017 and 7.5% in 2016: World Bank

India's GDP to grow at 7.7% in 2017 and 7.5% in 2016: World Bank

According to the World Bank report, the GDP growth in India will be supported by a rebound in agriculture and stimulus from civil service pay reforms.

Arun Jaitley to leave for US on Wednesday for IMF-WB meet

Arun Jaitley to leave for US on Wednesday for IMF-WB meet

Finance Minister Arun Jaitley will on Wednesday leave for the United states on an official visit during which he will attend the IMF-WB meeting and hold sessions with institutional investors and pension funds.

World Bank lending hits post-financial crisis peak

Lending to needy countries by the World Bank surged to a level last year normally only seen during financial crises, the Bank said Monday.

World Bank projects China's economy to grow 6.7 percent

World Bank projects China's economy to grow 6.7 percent

The World Bank expects the Chinese economy to grow 6.7 percent in 2016, the bank said in a report on Monday

World Bank projects China's economy to grow 6.7%

World Bank projects China's economy to grow 6.7%

The World Bank expects the Chinese economy to grow 6.7 percent in 2016, the bank said in a report on Monday