World Bank
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World Bank sees India's economy slowing to 6.9 per cent in FY23; to remain fastest-growing economy

The slowdown in the global economy and rising uncertainty will weigh on export and investment growth, the World Bank stated. 

published on : 11th January 2023
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Investors must brace for volatility in 2023

Global and domestic factors will play a significant role in the performance of equities, bonds, gold, fixed deposits and real estate this year

published on : 2nd January 2023
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WB revises upwards FY23 GDP to 6.9per cent, Fitch pegs growth at 7 per cent

However, it has been said that India’s economic growth will slow down to 6.6 per cent in FY24.

published on : 6th December 2022
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No prospect of recession in India, economy to grow 6-7 pc in next fiscal: Rajiv Kumar 

Kumar further said there is a synchronized downturn in the US, Europe, Japan and also in China and that could take the global economy into a recession in the coming months.

published on : 20th November 2022
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Kerala likely to clinch USD 200-million World Bank loan for agriculture sector

In the last budget, Finance Minister K N Balagopal announced that the state would use the information technology network to market agriculture products.

published on : 14th November 2022
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Energy prices to fall 11% in ’23 on slowdown: World Bank

Energy prices are expected to fall by 11% in 2023 as global growth is likely to slow down, according to a World Bank report.

published on : 28th October 2022
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World Bank offers to take India's digitisation to rest of world: FM Nirmala Sitharaman

"There is not just the World Bank, but every bilateral that I've had people have spoken very highly of India's achievement on the digital side," she said.

published on : 16th October 2022
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Replicate K-100: World Bank team to BBMP

They discussed the damages caused by the rain and how to prevent it, proper utilization of rain water, use of lake water, prevention of sewage water from flowing into Rajakaluves.

published on : 11th October 2022
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We are facing '5th wave' of debt crisis globally: World Bank chief

Some observers have warned that aggressive interest rate hikes by major economies could trigger a global recession, but policymakers say allowing high inflation to take hold would be even worse.

published on : 8th October 2022
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India a leader in digitisation: World Bank President David Malpass 

He said poor people in the country have more money in their hand that showed up in the recent poverty report of the World Bank.

published on : 7th October 2022
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Global recession closing in as war extends past autumn 

These are dangerous signals for the man on the street in India and elsewhere.

published on : 28th September 2022
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World Bank pledges USD 2 billion in aid to flood-hit Pakistan

"As an immediate response, we are repurposing funds from existing World Bank-financed projects to support urgent needs in health, food, shelter, rehabilitation, and cash transfers," the statement said

published on : 25th September 2022
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World Bank approves $150 million loan for Punjab to improve state's finances, service delivery

"Punjab's growth has been below potential. A combination of fiscal challenges and institutional capacity constraints means that scarce resources are spread thin across development priorities," it said

published on : 20th September 2022
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Recession fears loom as world fights inflation: World Bank

Its economists, however, assured that it’s ‘not all doom and gloom,’ and urged policymakers to shift focus from consumption to production.

published on : 17th September 2022
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World Bank warns threat to global recession growing amid higher interest rates across world

Many countries will not be able to avoid a recession, but the worldwide slowdown and tightening monetary policy "could give rise to significant financial stress and trigger a global recession..."

published on : 16th September 2022
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Sri Lanka aims to cut fiscal deficit in budget 2023 amidst economic crisis: Senior minister

Sri Lanka is planning to cut the budget deficit to 6.8 per cent of gross domestic product in 2023 from an expected 9.9 per cent in 2022," said Bandula Gunawardena, the Cabinet spokesman.

published on : 23rd August 2022
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No new financing to Sri Lanka until 'adequate' macroeconomic policy in place: World Bank 

Sri Lanka needs about USD 5 billion in the next six months to cover basic necessities for its people, who have been struggling with long queues, worsening shortages and power cuts.

published on : 29th July 2022
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Cash-strapped Lebanon approves USD 150 million loan to import wheat

Lebanon is grappling with an unprecedented financial crisis, branded by the World Bank as one of the planet's worst since the 1850s.

published on : 26th July 2022
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Odisha government joins hand with World Bank member for asset monetisation

Chief Secretary Suresh Chandra Mahapatra said the partnership with IFC in identifying assets can be leveraged for attracting more private sector investments in the State.

published on : 24th July 2022
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'An emergency safety net': World Bank gives USD 100 million to combat Sudan hunger

A third of Sudanese needs humanitarian aid, estimated the UN, which warns that 18 million people --  nearly half the population -- will be pushed into extreme hunger by September.

published on : 22nd July 2022
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