World Bank extends support to Nepal

 Extending support to earthquake-hit Nepal, World Bank President Jim Yong Kim has said the global body would help the Himalayan country in assessing the damage and reconstruction work.

World Bank programme to focus on air quality in India
World Bank programme to focus on air quality in India

A new World Bank administered programme, with an initial total allocation of around $45 million, will focus on air quality management in five major urban areas in India, China, Egypt, Nigeria and South Africa.

Green technologies need to be developed on war footing: Arun Jaitley
Green technologies need to be developed on war footing: Arun Jaitley

Asserting that India is prepared to play its part in combating the danger posed by climate change, Finance Minister Arun Jaitley has said the global community needs to develop greener technologies "on a war footing".

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.