World Bank

Unease with Doing Business report

One of the biggest criticisms of the rankings has been its use of hypothetical case studies instead of real-life experience of actual business owners.

published on : 27th September 2021

EXPLAINER: Why World Bank is under fire over set of rankings and what's China's role in it

Eager to attract investment, countries around the world, especially developing economies, have sought to improve their rankings in the World Bank's report.

published on : 18th September 2021

Alleged data manipulation: Inquiry puts ex-World Bank officials under scrutiny on China

Kristalina Georgieva, then the chief executive of the World Bank, and the office of Jim Yong Kim, then the bank's president, pressured staff members to change data on China to support rankings.

published on : 18th September 2021

World Bank cancels business report after investigation over alleged data altering to favour China

Staff members changed data on China to improve its ranking under pressure from the office of then-World Bank President Jim Yong Kim and from then-Chief Executive Kristalina Georgieva.

published on : 17th September 2021

World Bank decides to discontinue Doing Business report

India has seen its Ease of Doing Business ranking improve significantly from 130 in 2017 to 63rd in 2020.

published on : 17th September 2021

Nearly 1 lakh infant deaths in India due to Covid economic decline, finds World Bank research

India has the highest number of annual births (242,38,000) as well as a particularly large projected economic shortfall of -17.3%, said the paper.

published on : 23rd August 2021

TN Budget 2021: DMK govt okays World Bank-funded Chennai City Partnership 

Initially, the DMK government has sought more time before signing the agreement with the World Bank as the state wanted full ownership of what they are going to sign.

published on : 13th August 2021

Ahmedabad to strengthen sewage treatment, stormwater drainage systems using Rs 3,000 crore from World Bank

The Ahmedabad civic body will increase the capacity of its five existing sewage treatment plants using technology upgrade at an investment of Rs 589 crore.

published on : 8th August 2021

World Bank to finance extra COVID vaccines for poorer nations

The new mechanism will allow those countries to buy additional doses on top of the subsidised ones they will already receive via Covax.

published on : 26th July 2021

Gaza City blast shakes crowded area; one dead and 10 injured

The blast in the Al-Zawiya area collapsed large parts of the house and damaged dozens of buildings and shops nearby, according to the statement.

published on : 22nd July 2021

World Bank unearths massive financial fraud in Pakistan

According to the report prepared by the World Bank Group integrity Vice Presidency, these companies had organized themselves into "cartels" for mutual benefit.

published on : 21st July 2021

School closure: One in three countries not implementing programmes to mitigate learning loss, says report

At the same time, only one-third of countries are taking steps to measure learning losses in primary and lower second levels, mostly among high-income countries, the survey report stated.

published on : 13th July 2021

World Bank approves USD 800-million loan for Pakistan: report

The loan amount would be utilised for schemes that are not covered due to the budget deficit for 2021-22 fiscal, The Express Tribune newspaper reported.

published on : 30th June 2021

World Bank approves USD 500 mn loan to support India's informal working class amid pandemic

World Bank said its total funding towards strengthening India's social protection programmes to help the poor and vulnerable households since the start of the pandemic stands at USD 1.65 billion.

published on : 30th June 2021

World Bank raises China growth outlook to 8.5 per cent

Chinese economic growth is likely to decline to 5.4% next year as the rebound from last year’s history-making global slump fades, the World Bank said.

published on : 29th June 2021
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