World Bank

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

World Bank endorses financial support framework for India's transition to high-middle income nation

Between 2015 and 2018, the World Bank lent around USD 10.2 billion to India.

Sep 21, 2018, 13:52 PM IST

Andhra Pradesh top, Telangana second and Haryana third in 'ease of doing business' ranking

The ranking aims at triggering competition among states to attract investments and improve the business climate.

Jul 10, 2018, 18:07 PM IST

Temporary disruptions from GST over, India's economic growth robust: World Bank

The global economic picture painted by the bank is not as rosy as it is for India.

Jun 06, 2018, 11:18 AM IST

Kishanganga dam dispute: World Bank asks Pakistan to accept India’s demand

The World Bank has asked Pakistan to climb down from the demand of taking up the issue with the International Court of Arbitration.

Jun 05, 2018, 15:58 PM IST

World Bank fails to reach an agreement with Pakistan on Indus Water dispute, Kishanganga project

The World Bank has said it failed to arrive at an agreement with a visiting Pakistani delegation on a way forward to address Islamabad's concerns regarding the Indus Waters Treaty with India.

May 23, 2018, 07:24 AM IST

Aadhaar doesn't pose any privacy issue: Bill Gates

The 62-year-old multi-billionaire entrepreneur and philanthropist said Nandan Nilekani, Infosys founder who is considered as the chief architect of Aadhaar, was consulting and helping the World Bank on the project.

May 03, 2018, 17:42 PM IST

PM Narendra Modi to inaugurate 330 MW Kishanganga Hydel Power Plant, which Pakistan tried very hard to stop

Pakistan has time and again tried to block the project. But India's right to construct the project had been affirmed by the International Court of Arbitration.

Apr 30, 2018, 07:12 AM IST