World Bank

Ease of biz ranking: World Bank officials to meet DIPP

A World Bank team will meet DIPP officials next week to discuss steps taken by India to improve its ease of doing business ranking.

Jul 10, 2016, 12:26 PM IST

SBI secures $625 million from World Bank for solar programme

State Bank of India has inked agreements with the World Bank for a USD 625 million (around Rs 4,200 crore) facility to support grid connected rooftop solar programme in the country.

Jul 02, 2016, 16:58 PM IST

India a bright spot, pleased with progress under PM Modi: World Bank chief

The World Bank Thursday appreciated developmental efforts under Prime Minister Narendra Modi, saying the country has emerged as a "bright spot", as it has pitched for bettering its ranking in the ease of doing business index.

Jun 30, 2016, 18:48 PM IST

Raghuram Rajan a 'great' central bank governor: World Bank President

Describing Raghuram Rajan as a "great" central bank governor, World Bank President Jim Yong Kim Thursday said he has been told by the Indian leadership that Reserve Bank will continue to have an independent head.

Jun 30, 2016, 18:38 PM IST

World Bank chief meets PM Modi, promises support to sustainable development

World Bank President Jim Yong Kim on Thursday promised "proactive" and "full support" to India's efforts for environmentally sustainable development as Prime Minister Narendra Modi pitched for adequate climate change financing.

Jun 30, 2016, 16:42 PM IST

India to get over $1 billion from World Bank for Modi's solar goals

The World Bank said on Thursday it would lend India more than $1 billion for its huge solar energy programme, after Prime Minister Narendra Modi sought climate change funds from its visiting head.

Jun 30, 2016, 14:50 PM IST

To sustain 7.6% growth, activate stalled engines: World Bank to India

India needs to activate "stalled engines", including private investment and rural demand, to sustain 7.6 percent growth rate in the coming years, World Bank said Monday.

Jun 20, 2016, 17:22 PM IST

Bangladesh signs $130 mn World Bank loan for economic zones

The Bangladeshi government has signed a $130 million additional financing agreement with the World Bank to scale up support for the recently licensed and new economic zones to attract foreign and domestic investment as well as to create more jobs in the manufacturing sector.

Jun 20, 2016, 02:34 AM IST

India records 10-year low in public private investments: World Bank

India recorded a 10-year low in investments in public-private sector in the year 2015, adding to contraction that pulled down the global investment to below its five-year average of USD 124.1 billion, the World Bank has said.


Jun 14, 2016, 13:14 PM IST

World Bank downgrades India's growth rate by 0.2%, predicts 7.6% growth

The bank also modified its projections for India's growth rate in 2017 and 2018 by a marginal down gradation of 0.2 percent to 7.7 percent growth in both the years.

Jun 09, 2016, 10:04 AM IST

India is a “lower-middle-income” country for World Bank

The World Bank has dropped the use of developing nation tag for India in its specialised reports and instead classifies it as a "lower-middle-income" economy in South Asia, a top official has said.

Jun 03, 2016, 14:57 PM IST

BRICS bank to issue first yuan-denominated bonds

Beijing: The New Development Bank of the BRICS countries is set to issue its first yuan-denominated bonds with plans to release more bonds in local currencies including in Indian Rupee, a top official of the bank has said.

Jun 01, 2016, 14:41 PM IST

India signs $100 mn loan agreement with World Bank

India Tuesday signed a USD 100 million (about Rs 677 crore) loan agreement with multilateral lending agency World Bank for Karnataka Urban Water Supply Modernisation Project.

May 24, 2016, 19:36 PM IST

Billion-plus at risk as cities remain unprepared for extreme weather and natural disasters

The global institution predicted that by 2050, worsening rivers and coastal floods alone would affect 1.3 billion people.

May 17, 2016, 14:36 PM IST

China-led AIIB to hold first annual meet next month

The China-led Asian Infrastructure Investment Bank (AIIB) in which India is a founding member will hold its first annual meeting of its board of governors on June 25 here in which the admission of new members was expected to be discussed.

May 13, 2016, 18:37 PM IST

Maharashtra seeks Rs 5,000 crore WB loan for drought mitigation

Maharashtra Government is seeking a loan of Rs 5,000 crore from the World Bank for implementing drought-mitigation steps, from water conservation to changing crop pattern, Chief Minister Devendra Fadnavis said on Monday.

Apr 25, 2016, 19:36 PM IST

World Bank to lend Ecuador $150 million to speed aid to quake victims

The World Bank said on Friday it would lend Ecuador $150 million to speed up assistance to victims of last week`s major earthquake that devastated large areas of the country`s northern coast.

Apr 23, 2016, 04:16 AM IST

Panama Papers: IMF, World Bank, UN, OECD form new group to stop tax erosion

The International Monetary Fund and the World Bank said on Tuesday they are joining forces with other international organizations to cooperate on tax issues and develop new tools and standards to halt tax base erosion and evasion.

Apr 19, 2016, 22:33 PM IST

Countries look to draw expatriate cash with "diaspora bonds"

A growing roster of developing states are turning to their compatriots abroad to raise cash by marketing "diaspora bonds", a funding strategy successfully pioneered by India and Israel but sometimes tricky to imitate

Apr 17, 2016, 16:22 PM IST

Iran says West not sticking to commitments on easing sanctions

The international community is not sticking to its promises to lift sanctions on Iran. 

Apr 16, 2016, 03:22 AM IST