World Bank

Nirmala Sitharaman’s US visit: FM meets World Bank President, interacts with top CEOs -- Key points

Finance Minister Nirmala Sitharman is visiting the US to attend the IMF-WB Spring Meetings 2022. 

Apr 23, 2022, 12:53 PM IST

FM Sitharaman meets World Bank President Malpass, discusses Covid-19, Russia-Ukraine conflict

Finance Minister Nirmala Sitharaman met with World Bank President David Malpass in Washington on Friday.  

Apr 23, 2022, 10:07 AM IST

Extreme poverty in India declined by 12.3 percentage points during 2011-19: World Bank

The World Bank paper said urban poverty rose by 2 percentage points in 2016 during the demonetisation event and fell sharply thereafter, reported PTI. 

Apr 19, 2022, 07:10 AM IST

World Bank cuts India growth forecast to 8%; Check forecast for Pakistan, Sri Lanka

World Bank lowered its growth estimate for India, the region`s largest economy, to 8% from 8.7% for the current fiscal year. 

Apr 14, 2022, 08:18 AM IST

World Bank to support Himachal become India's first green state

World Bank Vice-President for South Asia, Hartwig Schafer, congratulated the state for the good progress achieved in the fields of renewable energy, agriculture, forest management, and water and sanitation.

Mar 16, 2022, 18:48 PM IST

Russia-Ukraine crisis-related inflation may trigger protests and riots: World Bank

Sudden spikes in food prices can lead to social unrest, as happened in 2007-2008 and again in 2011, when global food price increases were associated with riots in more than 40 countries.

Mar 10, 2022, 07:34 AM IST

World Bank stops all projects in Russia, Belarus with 'immediate effect'

Following the Russian invasion of Ukraine and hostilities against the people of Ukraine, the World Bank Group has stopped all its programs in Russia and Belarus with immediate effect, the statement added.

Mar 03, 2022, 08:21 AM IST

World Bank's big statement amid Russia attack

After Russia's attack on Ukraine, Ukraine has received support from the World Bank. The World Bank has promised to provide all possible help to Ukraine.

Feb 25, 2022, 08:28 AM IST

World Bank offers $115 million loan for rejuvenating watersheds in India

The $115 million (Rs 869 crore) loan has a maturity of 15 years, including a grace period of 4.5 years, the Finance Ministry said.

Feb 18, 2022, 20:32 PM IST

World bank warns of sharp decline in global economic growth with high-level debts

The global growth is expected to decelerate "markedly" to 4.1% in 2022 from 5.5% last year, and drop further to 3.2% in 2023 as pent-up demand dissipates and governments unwind massive fiscal and monetary support provided early in the pandemic.

Jan 11, 2022, 21:26 PM IST

COVID-19 pandemic pushed over half a billion into extreme poverty: UN report

The findings, launched on International Universal Health Coverage Day, highlighted the devastating impact of COVID-19 on people`s ability to obtain healthcare and pay for it

Dec 13, 2021, 09:42 AM IST

FM Nirmala Sitharaman discusses post-pandemic economic recovery with CMs, state Finance Ministers

Projections of the International Monetary Fund (IMF) and World Bank peg India`s GDP growth at about 9.5 per cent and 8.3 per cent respectively.

Nov 15, 2021, 22:38 PM IST

Opportunities galore in India for investors and industry stakeholders: Nirmala Sitharaman

Sitharaman arrived here late Friday after her visit to Washington DC where she participated in the annual meetings of the World Bank and the International Monetary Fund.

Oct 17, 2021, 09:54 AM IST

Digitisation, Make in India discussed as Sitharaman meets top CEOs in New York

India's recently launched Rs 100-lakh-crore infrastructure master plan, digitisation and the 'Make in India' initiative were among the main topics discussed as Finance Minister Nirmala Sitharaman connected with the world's leading business officers at the Big Apple here on Saturday.

Oct 16, 2021, 23:53 PM IST

FM Nirmala Sitharaman embarks on week-long US visit to attend G-20, World Bank meetings

As part of official visit to the US, she will also address investors including large pension funds and private equity players and will invite them to participate in India's growth story.

Oct 11, 2021, 11:20 AM IST

IMF head Kristalina Georgieva called out for applying ‘undue pressure’ to boost China’s ranking in Doing Business report

The report, prepared by law firm WilmerHale, raises concerns about China`s influence at the World Bank, and the judgment of Georgieva - now managing director of the IMF - and then-World Bank President Jim Yong Kim.

Sep 17, 2021, 18:10 PM IST

World Bank pauses financial aid to Afghanistan, says it's 'deeply concerned' for women

Before this, the International Monetary Fund (IMF) had blocked operations in Afghanistan, which include an existing USD 370 million loan programme, as well as USD 340 million that Kabul was due to receive from Monday's release of Special Drawing Rights (SDR).

Aug 25, 2021, 08:00 AM IST

COVID-induced economic slowdown led to one third of global infant deaths in India: Report

The highest numbers of estimated excess infant deaths were in South Asia (8 countries), totalling 1,13,141, with more than a third of the excess projected to be in India (99,642).

Aug 24, 2021, 13:35 PM IST

China trying to paint dark outlook for Indian economy, warns Global Times

The mouthpiece is known to have a pessimistic view of India and recently faulted India's manufacturing sector.

Jul 25, 2021, 22:42 PM IST

Poverty in Pakistan rises to over 5% in 2020: World Bank

According to the World Bank's estimation, over two million people fell below the poverty line in Pakistan, increasing the poverty rate to 5.4 % which was 4.4 % in the year 2020.

Jun 22, 2021, 17:07 PM IST