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World Bank for creating $50 billion 'green bond' market

Last Updated: Saturday, January 25, 2014, 20:48

Underlining the need for urgent action to tackle climate change, World Bank chief Jim Yong Kim on Saturday called for developing a USD 50-billion green bond market by 2015.

World Bank projects India's growth at over 6% in 2014-15

Last Updated: Wednesday, January 15, 2014, 12:56

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

Corruption is ''Public Enemy No. 1'': World Bank

Last Updated: Friday, December 20, 2013, 02:00

The World Bank took a bold stance on fighting corruption on Thursday, with President Jim Yong Kim saying that corruption at both the public and private level is the scourge of the developing world.

World Bank doubles disaster aid to Philippines

Last Updated: Friday, November 22, 2013, 23:09

The World Bank on Friday added USD 480 million in emergency aid to the Philippines, taking to nearly USD 1 billion its support as the death toll from super typhoon Haiyan passed 5,200.

World Bank seeks to halve extreme poverty by 2020

Last Updated: Thursday, October 10, 2013, 10:44

World Bank President Jim Yong Kim said on Wednesday the global development lender must work to halve extreme poverty in the next seven years if it is to reach a more ambitious target set for 2030.

World Bank to cut $400 million from budget in reorganization

Last Updated: Tuesday, October 08, 2013, 10:43

The USD 400 million in savings will be phased in over three years and mark an 8 percent cut from the bank's current USD 5 billion in annual expenses.

World Bank pledges more funds for poverty reduction

Last Updated: Wednesday, October 02, 2013, 13:58

World Bank President Jim Yong Kim pledged to increase funds for poor people in fragile and conflict-affected states, as part of a new strategy for the global development institution to end poverty.

Aadhaar to help eradicate poverty, says WB chief

Last Updated: Thursday, May 09, 2013, 09:32

Describing Aadhaar card as one of the best example of integration of technology for social welfare use, the World Bank President, Jim Yong Kim, believes that this massive effort by the Indian Government would help in achieving his goal of poverty eradication by 2030.

World Bank vows to end extreme poverty by 2030

Last Updated: Sunday, April 21, 2013, 11:42

Setting an ambitious agenda, the World Bank has fixed an 'expiration date' for extreme poverty by approving a plan to end the global menace within a generation by 2030.

WB to send new India strategy to its board: Kim

Last Updated: Tuesday, April 02, 2013, 21:08

Praising India's efforts to eliminate poverty, Kim said, "India's contribution to ending global poverty could be staggering. In the last five years, roughly 50 million people have been lifted out of poverty in India."

India will grow by 6% next year, says World Bank President

Last Updated: Monday, March 11, 2013, 08:59

Expressing disappointment over 5 percent growth, World Bank Monday said the Indian economy will soon get back to high growth path of 6 percent next year and more thereafter.

World Bank warns of climate change disaster

Last Updated: Monday, November 19, 2012, 12:31

The future of planet appears to be grim. The World Bank has issued a warning that time is running out and if immediate actions are not taken, global temperatures could rise by as much as four degrees.