World Bank chief lauds Gujarat growth model

Lauding the Gujarat growth model, World Bank chief Jim Yong Kim on Wednesday said India's business standing will jump 50 places if the ranking is done on the basis of Gujarat.

World Bank chief says China to meet 7.5% growth target

Jim Yong Kim is making a four-day visit focusing on issues relating to carbon emission reductions and China's urbanisation push.

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

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.

Countries should do away with fuel subsidies: World Bank chief

He made the comments while discussing ways to tackle climate change issues at the World Economic Forum (WEF) here.

World Bank urges countries to think green

In a report released in Seoul Wednesday, the World Bank emphasized green growth must focus on the policies and investments that need to be made within the next five to 10 years.

World Bank wants effective social safety nets

Three out of five people in developing countries lack effective social safety net coverage as they struggle to forge ahead through global financial volatility and food and fuel price hikes, the World Bank said.

World Bank selects Jim Yong Kim as its next President

US nominee Jim Yong Kim was Monday chosen as the next president of the World Bank, an appointment that continues the longstanding tradition of an American leading the Washington-based institution.

Zoellick for American replacing him as World Bank chief

Outgoing World Bank President Robert Zoellick on Friday said it was important to keep the top job at some international institutions with the United States to get the support of the world's largest economy.

World Bank chief visits Chennai office

On his maiden trip to Chennai, World Bank President Robert B Zoellick on Thursday visited the Bank's city office here and met some of the employees.

BRICS seek merit-based selection process for World Bank chief

Leaders of India and four other BRICS nations on Thursday welcomed the candidatures from emerging economies for the World Bank chief's post and emphasised on the need for a merit-based selection process.

BRICS summit to discuss appointment of new WB chief: China

BRICs countries continue to be touch over the appointment of the new World Bank chief, China's Assistant Foreign Minister Ma Zhaoxu told a media here.

World Bank, IMF chiefs to visit India later this month

Heads of the two most powerful banking institutions globally, the World Bank and the IMF, are likely to be in India later this month, amid an ongoing search process to finalise the name of the next World Bank President.

Race hots up for World Bank chief post; Sachs in contention

The nominations can be filed for the post of World Bank chief till March 23.

US should lead some global bodies: World Bank chief

The World Bank last week launched the nomination process to select a new president to succeed Robert Zoellick when he steps down in June.

World Bank chief urges Germany to lead on EU crisis

The head of the World Bank urged Germany on Tuesday to take the lead in resolving the euro zone's debt crisis, warning in a Financial Times commentary that simply trying to muddle through was dangerous.

World Bank chief urges 'definite steps' by Europe

The head of the World Bank on Wednesday warned there was not a lot of room for error as European leaders scramble to agree on increasing the size of a bailout fund before a key Oct 23 summit on the region's debt crisis.

'More dangerous' times ahead: World Bank chief

World Bank chief Robert Zoellick warned of a "new and more dangerous" time in the global economy Saturday, with little breathing space in most developed countries as a debt crisis hits Europe.

Nano is very well-engineered: World Bank chief

World Bank Group President Robert
Zoellick has expressed his fascination for the world`s
cheapest car the Tata Nano, even as he cited infrastructure as
the major bottleneck for the country`s growth.

Govt to take up USD 2.97 bn loan with World Bank chief

Govt says a proposal for USD 2.97bn loan from World Bank has been formulated and the same will be taken up with President of the Bank visiting India shortly.