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News
World Bank
World Bank News
FM Sitharaman
06 Oct 2024
FM Sitharaman Meets G20 Expert Prof Stern On Strengthening Multilateral Banks
During the meeting, Finance Minister Sitharaman shared updates on the World Bank's Evolution Agenda, which is actively considering 27 of the 30 recommendations put forth by the G20 Independent Expert Group.
World Bank
02 Oct 2024
World Bank Expects 5.1% Growth For Nepal
The South Asian country achieved a growth of 3.9 per cent in 2023-24, noted the international financial institution.
GDP
03 Sep 2024
World Bank Raises India Growth Forecast To 7 Per Cent For FY25
According to Economic Survey, the country's real gross domestic product (GDP) will grow at 6.5-7 per cent in 2024-25. However, the Reserve Bank of India estimates a higher 7.2 per cent for the current financial year.
World Bank
03 Apr 2024
World Bank Raises India's GDP Growth Forecast To 7.5% For 2023-24
The World Bank has raised India's economic growth forecast by 1.2 per cent to 7.5 per cent for 2023-24, on the back of robust activity in services and industry in its latest update for South Asia.
Pakistan
23 Sep 2023
95 Million Pakistanis Under Poverty, Urgent Reforms Needed: World Bank
Poverty in Pakistan rose within one year from 34.2 percent to 39.4 percent.
Anti-LGBT Law
10 Aug 2023
Uganda President Defiant After World Bank Funding Suspended Over LGBT Law
The anti-LGBTQ law in Uganda, enacted in May, has drawn widespread denunciation from local and international rights organisations and Western governments, though it is popular domestically.
World Bank
24 Jun 2023
World Bank Approves USD 255.5 Million Loan For Govt-Run Indian Institutions
Tertiary education in India has been growing steadily from 29 million enrolled students in 2011-12 to 39 million enrolled students across 40,000 institutions in 2019-20.
World Bank
17 Jun 2023
World Bank Approves $150 Mn Loan To Support Resilient Kerala Program
The plan will assess the current and future shoreline changes in the state and create policies to address the risks to environmental resources, human settlements, and infrastructure along the coast.
IMF
16 May 2023
Argentina Raises Interest Rate To 97%, Inflation Rate At 100%
That's the highest level since the early 1990s, and currently, Venezuela and Zimbabwe are the only two countries experiencing higher inflation than Argentina, according to International Monetary Fund data.
World Bank
04 May 2023
Nirmala Sitharaman Congratulates Ajay Banga On Becoming World Bank President
The President of the World Bank Group is also the Chair of the Board of the Executive Directors of the International Bank for Reconstruction and Development (IBRD).
Ajay Banga
03 May 2023
Indian-American Ajay Banga Appointed As President Of World Bank
Banga, a finance and development expert, will take over the role on June 2. He was the sole contender to replace departing World Bank chief David Malpass whose term ends early next month.
International Monetary Fund (IMF)
15 Apr 2023
India Will Stay On Course; Projected To Grow At 7% In 2022-23: Sitharaman
Both the IMF and World Bank project India to be the fastest-growing major economy in 2023.
Nirmala Sitharaman
13 Apr 2023
India Remains Concerned About Global Economic Outlook, Says FM
In her address to IMF and World Bank, FM said India has moved on beyond the pandemic, staging a full recovery in FY22-23, ahead of many countries.
Nirmala Sitharaman
10 Apr 2023
FM Sitharaman To Embark On US Tour From Today; To Attend WB Group, IMF Meets
FM will also be attending the G20 meetings and other associated meetings, which are scheduled to take place from April 10 to April 16.
Pakistan
08 Apr 2023
Pakistan Finance Minister Ishaq Dar Says IMF Deal Well On Track
Pakistan's Finance Minister assured that the IMF deal was well on track Pakistan has been reeling from a severe economic crisis
World Bank
04 Apr 2023
World Bank Cuts India's Growth Forecast To 6.3% In Fy24
Growth is likely to be constrained by slower consumption growth and challenging external conditions, the World Bank said in its India Development Update.
Ajay Banga
31 Mar 2023
Ajay Banga Poised To Become World Bank Chief Unopposed
The World Bank's Board of Executive Directors will interview Banga before he is formally appointed.
Ajay Banga
23 Mar 2023
Nominee For World Bank Prez Ajay Banga To Meet PM Modi On His India Visit
U.S. President Joe Biden last month nominated Banga, 63, to replace David Malpass, who announced his resignation after months of controversy over his initial failure to say he backed the scientific consensus on climate change.
World Bank
03 Mar 2023
World Bank Pledges USD 1 Bn To India For Public Healthcare Infra
The COVID-19 pandemic brought to the fore the urgent need for pandemic preparedness and health system strengthening around the world and was a stark reminder that pandemic preparedness is a global public good, said Auguste Tano Kouam.
World Bank
24 Feb 2023
Ajay Singh Banga to become New Chief of World Bank
Ajay Singh Banga will become New chief of World Bank. US' President Joe Biden has made this announcement. Know the full news in detail in this report.
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