World Bank

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

World Bank approves $60 million to strengthen Nepal's higher education

"The COVID-19 pandemic has highlighted the critical importance of building back better and prioritizing human capital development," stated Faris Hadad-Zervos, World Bank Country Director for Maldives, Nepal, and Sri Lanka.

Jun 13, 2021, 17:15 PM IST

World Bank projects India to grow at 8.3 per cent in 2021

In 2020, India's economy is estimated to have contracted by 7.3 per cent while in 2019, it registered a growth rate of four per cent, the World Bank said, adding that in 2023, India is expected to grow at 6.5 per cent.

Jun 08, 2021, 19:23 PM IST

Global economy expected to expand 5.6 per cent in 2021, says World Bank

Among major economies, US growth is projected to reach 6.8 per cent this year, reflecting large-scale fiscal support and the easing of pandemic restrictions. Growth in other advanced economies is also firming, but to a lesser extent.

Jun 08, 2021, 19:15 PM IST

Ranjitsinh Disale, winner of Global Teacher Award, becomes World Bank's Education Advisor

The World Bank recently established a new Coach project aimed at improving in-service teacher professional development to help students learn their lessons at a faster pace.

Jun 04, 2021, 08:43 AM IST

World Bank approves USD 32 million project to boost health services in Mizoram

The project titled "Mizoram Health Systems Strengthening Project" will strengthen the governance and the management structure of the Mizoram Health department and its subsidiaries.

Apr 02, 2021, 14:43 PM IST

Myanmar coup results in contraction of economy by 10 percent: World Bank

Myanmar’s economy is expected to contract by 10 per cent this year, World Bank forecasts released on Friday.

Mar 26, 2021, 08:49 AM IST

COVID-hit Indian economy to contract 7.7% in 2020-21: Govt estimates

"Real GDP or GDP at Constant Prices (2011-12) in the year 2020-21 is likely to attain a level of Rs 134.40 lakh crore, as against the Provisional Estimate of GDP for the year 2019-20 of Rs 145.66 lakh crore. "The growth in real GDP during 2020-21 is estimated at -7.7 per cent as compared to the growth rate of 4.2 per cent in 2019-20," said the first advanced estimates of national income released by the National Statistical Office (NSO).

Jan 07, 2021, 23:35 PM IST

India, World Bank sign $400 million project to tide over impact of COVID-19

The programme will strengthen the capability of state and national governments in India to provide coordinated and adequate social protection to the poor and vulnerable from the shocks triggered by the COVID-19 pandemic.

Dec 17, 2020, 17:05 PM IST

India and World Bank sign $400 mn project to protect poor and vulnerable from COVID-19 impact

India and the World Bank has signed a $400 million project to support the nation's efforts at providing assistance to those impacted by COVID-19 pandemic.

Dec 17, 2020, 00:15 AM IST

Namami Gange programme gets World Bank's monetary push to rejuvenate the holy river

The World Bank has been supporting the government’s efforts since 2011 through the ongoing National Ganga River Basin Project, which helped set up the National Mission for Clean Ganga as the nodal agency to manage the river, and financed sewage treatment infrastructure in several riverside towns and cities.

Jul 07, 2020, 19:36 PM IST

World Bank approves USD 1 billion to support India's fight against COVID-19

This takes the total commitment from the World Bank towards emergency COVID-19 response in India to USD 2 billion.

May 15, 2020, 11:31 AM IST

IMF, World Bank disburse funds to help countries battle coronavirus COVID-19 pandemic

International Monetary Fund (IMF) and the World Bank are providing emergency funds to developing and low-income countries across the world to strengthen their efforts to battle the rapidly spreading coronavirus.

Apr 18, 2020, 10:56 AM IST

IMF, World Bank call for debt payments suspension of poorest nations hit by coronavirus COVID-19 pandemic

The World bank in a statement said, "The World Bank Group and the IMF believe it is imperative at this moment to provide a global sense of relief for developing countries as well as a strong signal to financial markets."

Mar 25, 2020, 22:39 PM IST

Coronavirus impacts global economy; growth forecast cut, cash flow hit, markets plunge

 Many leading world organisations have warned that the deadly coronavirus outbreak could cut global economic growth in half.

Mar 04, 2020, 23:31 PM IST

World Bank announces up to $12 billion in immediate funds for coronavirus

The World Bank on Tuesday announced an initial $12 billion (9.38 billion pounds) in immediate funds to assist countries grappling with the health and economic impacts of the coronavirus virus outbreak that has spread quickly from China to some 80 countries.

Mar 04, 2020, 07:12 AM IST