European AIIB decisions a blow to US: Chinese media

Chinese state media took a victory lap on Wednesday, gloating over the decision of major European powers to join a Beijing-backed multinational lender that the United States perceives as a threat to the Washington-led World Bank.

TV Somanathan appointed JS in PMO

Senior IAS officer TV Somanathan was on Monday appointed as Joint Secretary in the Prime Minister's Office.

World Bank expected to grant USD 250 million to J&K

 The World Bank is expected to grant a loan of 250 million USD to Jammu and Kashmir for the reconstruction of infrastructure damaged due to the devastating floods in September last year.

Britain seeks to join China-backed infrastructure bank

Britain announced hopes to become the first major Western country to join a Chinese-led development bank on Thursday, drawing a concerned response from Washington.

Burkina Faso passes corruption law required for World Bank support

Burkina Faso`s interim Parliament has approved an anti-corruption law, one of two pieces of legislation required by the World Bank before it will release USD 100 million in budget support.

Yemen kidnap victims worked on World Bank-funded project

A French woman and her local guide kidnapped in Sanaa were development workers for a project funded by the World Bank in Yemen, the World Bank Group said on Tuesday.

Environmental loss in Sundarbans worth Rs 1290 cr: World Bank
Environmental loss in Sundarbans worth Rs 1290 cr: World Bank

 Environmental damage in the climate change-hit islands of Sundarbans is costing India Rs 1,290 crore each year, estimates a latest World Bank report.

Lankan Finance Minister meets top officials of WB, IMF

Sri Lanka'a new Finance Minister Ravi Karunanayake met top officials of the World Bank and IMF here and discussed the developmental needs of the country, seeking their assistance in improving the economic situation of the island nation.

World Bank to provide up to $2 bn in aid to Ukraine

The World Bank said Thursday it is prepared to provide up to $2 billion in financial assistance to conflict-torn Ukraine this year, part of an international package of support.

Pursue World Bank assessment report on J&K flood: NN Vohra

 Jammu and Kashmir Governor N N Vohra on Saturday directed the state's Finance secretary to pursue discussions with the Union Finance Ministry on the rapid damage and needs assessment report on the floods prepared jointly by the World Bank team and state government.

BRICS to pursue Green Global Fund with World Bank cooperation

In a significant move by BRICS, environment ministers of the five member countries are to meet in Moscow in April to discuss taking forward the proposal for creating a Green Global Fund in cooperation with the World Bank to support initiatives that are environment-friendly.

2.54 lakh private structure damaged in J&K floods

The Jammu and Kashmir government has said that around 2.54 lakh private structures and more than Rs 6500 crore public infrastructures were damaged during the floods last year.

Himachal Pradesh best state with human development outcomes in India: World Bank

A report of the World Bank has described Himachal Pradesh as the best state with the best human development outcomes in India.

World `dangerously unprepared` for future pandemics: World Bank chief

The world is “dangerously unprepared” for deadly future pandemics like the Ebola outbreak that has killed thousands in West Africa, World Bank Group President Jim Yong Kim has warned on Tuesday.

200 million people moved to cities in East Asia in decade: World Bank

 Almost 200 million people in East Asia moved to urban areas in the decade to 2010, the World Bank said Monday, creating a massive challenge to the region`s planners.

World Bank says South Asian welfare programmes ill-suited to cut inequality

Costly centralised welfare programmes are inefficient tools to reduce inequality in South Asia, the World Bank said on Tuesday, advising governments to transfer the money to local administrations instead.

India to overtake China as fastest growing big economy by 2017: World Bank

Fuelled by economic reforms, India is projected to become the world`s fastest growing large economy by 2017 with a growth rate of seven percent, overtaking China along the way, a World Bank report said Tuesday.

World Bank to give aid for building toilets in Chhattisgarh

World Bank will extend financial aid to build toilets in tribal-dominated villages of Chhattisgarh under Centre's flagship 'Swachh Bharat Abhiyan'.

Haiti remembers quake dead amid political crisis

 Haiti marked the fifth anniversary Monday of the massive earthquake that ravaged an already desperately poor nation, even as it sought a way out of its latest debilitating political crisis.

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