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Bangladesh's Junaid Ahmad new World Bank head in India

Junaid Ahmad has become the World Bank's Country Director for India, replacing Onno Ruhl who served a four-year term based out of the national capital.

World Bank head says poverty can end in 15 years

The world is capable of ending global poverty in the next 15 years, the president of the World Bank Group said today during a visit to Ghana.

State Bank of India commits itself to financial inclusion

The World Bank Group and a broad coalition of partners, including the State Bank of India, have made commitments that will help promote financial inclusion and achieve universal financial access by the year 2020.

RBI allows repos in debt issued by multilateral bodies

To boost the tepid corporate bonds market, RBI on Tuesday allowed bonds issued in Indian market by multilateral agencies such as World Bank Group, ADB and African Development Bank to be considered as eligible underlying for repo in corporate debts.

IFC raises Rs 1,000 crore from first rupee bond sale at 7.75%

World Bank group member IFC has raised Rs 1,000 crore (USD 160 million) in the US from its first offshore sale of rupee bonds.

World Bank Group announces reforms to meet goals

"That's changing. We are taking our own medicine. Just as we tell finance ministers, we also need to plan for the longer term, shore up our revenue base, seeking ways to save, and building a stronger foundation for years to come," said Kim.

IFC launches $1 billion bond programme for India

The International Finance Corporation (IFC) - a member of the World Bank Group – Wednesday announced the launch of a USD 1 billion offshore rupee bond programme to strengthen India's capital markets and attract greater foreign investment.

World Bank arm assesses new complaint against Vizhinjam port

The World Bank Group's independent arm CAO is assessing a new complaint that alleges the proposed multi-purpose sea port at Vizhinjam in Kerala would adversely impact farm lands.