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India, Pakistan reach out to World Bank on Indus Water Treaty

India, Pakistan reach out to World Bank on Indus Water Treaty

The World Bank on Wednesday said that it was approached by India and Pakistan on IWT.

World Bank unanimously reappoints President Jim Yong Kim for 2nd term

World Bank unanimously reappoints President Jim Yong Kim for 2nd term

The board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced Tuesday.

 

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 chief Jim Yong Kim heads for 2nd term as no other nominees

World Bank chief Jim Yong Kim heads for 2nd term as no other nominees

World Bank President Jim Yong Kim effectively won a second five-year term after nominations to lead the global development bank closed Wednesday with no other candidates proposed.

Air pollution claimed 1.4 million lives in India in 2013, says World Bank report

In 2013, air pollution claimed 1.4 million lives in India, whereas China, which is the world's most populous country, lost 1.6 million lives.

Scientists turn to satellite images to map poverty

In a study published on Thursday in the US journal Science, researchers from the Stanford University used machine learning -- the science of designing computer algorithms that learn from data -- to extract information about poverty from high-resolution satellite imagery, Xinhua news agency reported.

WHO, World Bank report urges healthcare reforms in China

 Though China has achieved a number of milestones in healthcare advancement over the past three decades, further reforms are urgently needed, said a new report by WHO, the World Bank and the Chinese government, released in Beijing on Friday.

World Bank likely to name NYU's Paul Romer as next chief economist: Sources

World Bank likely to name NYU's Paul Romer as next chief economist: Sources

The World Bank is expected to name New York University economics professor Paul Romer as its next chief economist this week, two people familiar with the decision said, a move that would bring in a prominent voice advocating for investment in human capital.

First time in 9 years, Gaza crossing opening for goods: Israel

A major crossing point between Gaza and Israel is set to reopen for the first time in nine years, the Israeli government announced today.

Ease of biz ranking: World Bank officials to meet DIPP

Ease of biz ranking: World Bank officials to meet DIPP

A World Bank team will meet DIPP officials next week to discuss steps taken by India to improve its ease of doing business ranking.

SBI secures $625 million from World Bank for solar programme

SBI secures $625 million from World Bank for solar programme

State Bank of India has inked agreements with the World Bank for a USD 625 million (around Rs 4,200 crore) facility to support grid connected rooftop solar programme in the country.

India a bright spot, pleased with progress under PM Modi: World Bank chief

India a bright spot, pleased with progress under PM Modi: World Bank chief

The World Bank Thursday appreciated developmental efforts under Prime Minister Narendra Modi, saying the country has emerged as a "bright spot", as it has pitched for bettering its ranking in the ease of doing business index.

Raghuram Rajan a 'great' central bank governor: World Bank President

Raghuram Rajan a 'great' central bank governor: World Bank President

Describing Raghuram Rajan as a "great" central bank governor, World Bank President Jim Yong Kim Thursday said he has been told by the Indian leadership that Reserve Bank will continue to have an independent head.

World Bank chief meets PM Modi, promises support to sustainable development

World Bank chief meets PM Modi, promises support to sustainable development

World Bank President Jim Yong Kim on Thursday promised "proactive" and "full support" to India's efforts for environmentally sustainable development as Prime Minister Narendra Modi pitched for adequate climate change financing.

India to get over $1 billion from World Bank for Modi's solar goals

The World Bank said on Thursday it would lend India more than $1 billion for its huge solar energy programme, after Prime Minister Narendra Modi sought climate change funds from its visiting head.

To sustain 7.6% growth, activate stalled engines: World Bank to India

To sustain 7.6% growth, activate stalled engines: World Bank to India

India needs to activate "stalled engines", including private investment and rural demand, to sustain 7.6 percent growth rate in the coming years, World Bank said Monday.

Bangladesh signs $130 mn World Bank loan for economic zones

The Bangladeshi government has signed a $130 million additional financing agreement with the World Bank to scale up support for the recently licensed and new economic zones to attract foreign and domestic investment as well as to create more jobs in the manufacturing sector.

India records 10-year low in public private investments: World Bank

India records 10-year low in public private investments: World Bank

India recorded a 10-year low in investments in public-private sector in the year 2015, adding to contraction that pulled down the global investment to below its five-year average of USD 124.1 billion, the World Bank has said.

 

World Bank downgrades India's growth rate by 0.2%, predicts 7.6% growth

World Bank downgrades India's growth rate by 0.2%, predicts 7.6% growth

The bank also modified its projections for India's growth rate in 2017 and 2018 by a marginal down gradation of 0.2 percent to 7.7 percent growth in both the years.

India is a “lower-middle-income” country for World Bank

India is a “lower-middle-income” country for World Bank

The World Bank has dropped the use of developing nation tag for India in its specialised reports and instead classifies it as a "lower-middle-income" economy in South Asia, a top official has said.