News WrapGet Handpicked Stories from our editors directly to your mailbox

World Bank

India, UK to launch coalition for disaster-proof infra at UN

India had announced the creation of a Coalition for Disaster Resilient Infrastructure (CDRI) soon after the Asian Ministerial Conference on Disaster Risk Reduction, held in New Delhi in 2016.

Aug 01, 2019, 15:35 PM IST

Andhra Pradesh capital Amaravati's fate hangs in balance after World Bank, AIIB pull out of project

China-based AIIB on July 23 confirmed that it is not considering the Amaravati Sustainable Infrastructure and Institutional Development Project, barely six days after the World Bank dropped the project.

Jul 28, 2019, 12:00 PM IST

China led AIIB could overtake ADB as major financier of infra projects:Experts

With China continuing its financial assertiveness across the globe through its various infrastructure projects like the One Belt One Road (OBOR) strategic initiative, the AIIB funding is the logical next step for them, the experts opined.

Jun 13, 2019, 18:06 PM IST

Indian economy grew 7.2% in 2018-19, likely to top at 7.5% in FY19-20: World Bank

The Bank`s Economic Prospects Report released on Tuesday forecast India`s economy to grow by 7.5 per cent during this and the next two fiscal years, retaining its top spot as the fastest growing major economy. It would be helped by a "more accommodative monetary policy" and low inflation, it said.

Jun 05, 2019, 09:36 AM IST

DNA: Cellphones overtake human population

At some point in the middle of this decade, the number of active cellphone subscriptions grew larger than the number of actual people on this planet, according to data from the UN’s International Telecommunications Union (ITU), the World Bank, and the UN itself.

May 13, 2019, 22:44 PM IST

Jaitley discusses India's economic reforms with investors in US

Jaitley is visiting the US to attend the IMF-World Bank meeting in Washington from April 12 to 14.

Apr 11, 2019, 12:06 PM IST

India's economic growth driven by domestic demand, need to focus on exports: WB

Praising attempts to liberalize markets within India, Hans Timmer, World Bank Chief Economist for the South Asia Region said "that is what is needed to become more competitive."

Apr 08, 2019, 08:57 AM IST

World Bank provides Afghanistan $235 million for development

Out of the grant, some $75 million will finance Tackling Afghanistan`s Government Human Resource Management and Institutional Reforms (TAGHIR) project, which will strengthen the capacity of selected line ministries.

Feb 07, 2019, 16:23 PM IST

Former PepsiCo CEO, India-born Indra Nooyi, a frontrunner for World Bank President post: Report

US President Donald Trump’s daughter Ivanka Trump is playing a key role in the selection of the candidate for the post.

Jan 16, 2019, 11:24 AM IST

Ivanka Trump to help choose new World Bank President

As Ivanka Trump worked closely with the World Bank's leadership for past two years, her pick will also been considered says Jessica Ditto.

Jan 15, 2019, 11:47 AM IST

India most favourite destination for global investments: Vice-President Venkaiah Naidu

Quoting the World Bank`s latest forecast, he said the GDP is expected to grow at 7.3 per cent this fiscal and at 7.5 per cent in the following two years.

Jan 12, 2019, 23:42 PM IST

World Bank predicts India will remain fastest growing economy in 2019-20

The Bank's Global Economic Prospects report kept the forecasts made for India in its June report for the next fiscal year and the 7.3 per cent estimate for the current fiscal year, up from 6.7 per cent recorded in 2017-18.


Jan 09, 2019, 09:01 AM IST

World Bank President Jim Yong Kim resigns, to join a private investment firm

Kim, who had served in the role since 2012, announced on Monday that he would leave his post well ahead of his term`s expiration at the end of 2021.

Jan 08, 2019, 08:42 AM IST

India to retain top position in remittances with $80 billion: World Bank

Over the last three years, India has registered a significant flow of remittances from USD 62.7 billion in 2016 to USD 65.3 billion 2017.

Dec 08, 2018, 10:59 AM IST

Indo-Pak trade far below maximum potential, can go up to $37 billion: World Bank

The bank also estimated Pakistan's potential trade with South Asia at USD 39.7bn against the actual current trade of USD 5.1bn.

Dec 06, 2018, 13:31 PM IST

World Bank announces USD 200 bn in climate action investment for 2021-25

The bank's financing package amounts to about 40 billion a year.

Dec 03, 2018, 13:55 PM IST

Arun Jaitley hails India's rise in 'Ease of Doing Business' index, targets top 50

India jumped from 100 to 77 in the World Bank's 'Ease of Doing Business' index and is ahead of neighbours China, Pakistan, Bangladesh, Nepal and Sri Lanka.

Oct 31, 2018, 19:33 PM IST

India jumps 23 places to take 77th rank in World Bank's 'Ease of Doing Business' index

India has recorded a jump of 23 positions against its rank of 100 in 2017.

Oct 31, 2018, 18:47 PM IST

Nobel Economics 2018 prize awarded to William Nordhaus and Paul Romer

This year's Nobel Economics prize has been awarded to Americans William Nordhaus and Paul Romer for their contribution to the field.

Oct 08, 2018, 15:48 PM IST

Several Indian companies debarred by World Bank for fraudulent, corrupt practices

In its latest annual report on Wednesday, the World Bank said Olive Health Care and Jay Modi from India have been debarred from for their fraudulent and corrupt practices. 

Oct 04, 2018, 05:53 AM IST