World Bank

Top EU nations urge tax crackdown

Europe's top economies called for a crackdown on tax havens and urged G20 countries to rip away the secrecy protecting shell companies, as the Panama Papers scandal claimed Spain's industry minister as the latest political victim today

Apr 15, 2016, 19:34 PM IST

G20 ministers face pressure on economic growth, tax evasion

Finance ministers of the world`s top economies face pressure to do more for global growth and crack down on tax evasion when they gather Friday during the spring meetings of the IMF and World Bank.

Apr 15, 2016, 15:44 PM IST

IMF, World Bank focus on economic risks of Brexit, tax evasion

The IMF and World Bank focused Thursday on Britain`s possible EU pullout and widespread tax evasion as key threats to the global economy as they opened their Spring Meetings.

Apr 14, 2016, 23:18 PM IST

Despite $1 billion drop, India retains world's largest remittance recipient country tag in 2015

India retained its top spot in 2015, attracting about USD 69 billion in remittances, down from USD 70 billion in 2014, the World Bank said in its annual report 'Migration and Development Brief'.

Apr 14, 2016, 13:25 PM IST

Dark economic cloud over IMF-World Bank meeting

 Worries that the global economy is nearing a stall made worse by the specter of `"Brexit" cloud the air as the world`s finance chiefs gather in Washington beginning Thursday for the IMF-World Bank Spring meetings.

Apr 14, 2016, 07:13 AM IST

IMF chief eyes 'bigger, bolder' effort on refugee crisis

International Monetary Fund Managing Director Christine Lagarde on Wednesday said efforts to deal with refugees from war-torn countries in the Middle East and North Africa required a "bigger, bolder and broader approach."

Apr 14, 2016, 03:59 AM IST

Jaitley arrives in US to attend WB, IMF meetings

During his week-long stay in the US, Jaitley would also travel to New York to meet with private sector leaders with an objective to attract foreign direct investments to India.

Apr 13, 2016, 19:37 PM IST

'Companies working with World Bank in Africa use tax havens'

The vast majority of companies that received money from the World Bank's private lending arm last year to finance investment in Africa's poorest region use tax havens, a campaign group has said.

Apr 12, 2016, 22:37 PM IST

India's robust growth to hasten South Asia's development: World Bank

India's robust growth will make South Asia the fastest-growing region in the world, with economic growth of the region projected to gradually accelerate from 7.1 percent in 2016 to 7.3 percent in 2017, the World Bank has said.

Apr 12, 2016, 16:06 PM IST

India has potential to grow between 8 to 10%, says CEA Arvind Subramanian

India's economy has the potential to grow between eight to 10 percent if the country continues the pace of reforms, Chief Economic Adviser (CEA) Arvind Subramanian has said.

Apr 12, 2016, 10:32 AM IST

India's GDP to grow at 7.7% in 2017 and 7.5% in 2016: World Bank

According to the World Bank report, the GDP growth in India will be supported by a rebound in agriculture and stimulus from civil service pay reforms.

Apr 11, 2016, 22:38 PM IST

Arun Jaitley to leave for US on Wednesday for IMF-WB meet

Finance Minister Arun Jaitley will on Wednesday leave for the United states on an official visit during which he will attend the IMF-WB meeting and hold sessions with institutional investors and pension funds.

Apr 11, 2016, 22:14 PM IST

World Bank lending hits post-financial crisis peak

Lending to needy countries by the World Bank surged to a level last year normally only seen during financial crises, the Bank said Monday.

Apr 11, 2016, 21:39 PM IST

World Bank projects China's economy to grow 6.7 percent

The World Bank expects the Chinese economy to grow 6.7 percent in 2016, the bank said in a report on Monday

Apr 11, 2016, 18:01 PM IST

World Bank projects China's economy to grow 6.7%

The World Bank expects the Chinese economy to grow 6.7 percent in 2016, the bank said in a report on Monday

Apr 11, 2016, 18:01 PM IST

Masala bonds can be new funding source for Indian companies: IFC

Bullish on India's growth prospects, International Finance Corporation (IFC) has said offshore rupee bonds can provide a new source of funding for Indian companies and they stand to benefit in the longer term from comparative pricing landscape.

Apr 10, 2016, 11:22 AM IST

Nigeria verifying if 'bomber' is kidnapped Chibok girl

Nigeria is sending a team to Cameroon on Sunday to verify a would-be suicide bomber's claim that she is one of the 276 school girls kidnapped by the Boko Haram from the northern town of Chibok.

Mar 27, 2016, 16:32 PM IST

China behind global trade slowdown in 2015: World Bank

The slump in Chinese growth and its nascent economic transition was the key factor in a sharp slowdown last year in global trade, the World Bank said Wednesday.

Mar 09, 2016, 23:25 PM IST

From Pakistan to India: $14.36 billion in remittances over 3 years!

World Bank said those living in Pakistan sent USD 4.9 billion to India in 2015. Its Bilateral Remittance Matrix put the money flowing from Pakistan to India in 2014 at USD 4.79 billion and USD 4.67 billion the year before that.

Feb 28, 2016, 18:42 PM IST

World Bank pledges $150 mn for fight against Zika

The World Bank said Zika could wipe about $3.5 billion off the region's economy in 2016.

Feb 19, 2016, 11:18 AM IST