World bank

India to link power grid with Middle East, SEA to export excess electricity

Officials from the Ministry of New and Renewable Energy said they would be making an assessment of renewable energy potential of countries in the region.

published on : 21st October 2020

World Bank approves USD 12 billion to help developing countries finance coronavirus vaccines

The World Bank said it will draw on expertise and experience from its involvement in many large-scale immunization programs and other public health efforts.

published on : 14th October 2020

Indian economy to contract by 10.3% in 2020; to bounce back with 8.8% growth in 2021: IMF

Released ahead of the annual meetings of the IMF and the World Bank, the report said global growth would contract by 4.4 per cent this year and bounce back to 5.2 per cent in 2021.

published on : 13th October 2020

School closure may cost over USD 400 billion to India, cause learning losses: World Bank

South Asia region stands to lose USD 622 billion from the school closures in the present scenario or up to USD 880 billion in a more pessimistic scenario, it said.

published on : 12th October 2020

India's GDP expected to contract by 9.6 per cent this fiscal: World Bank

'India's GDP is expected to contract by 9.6 per cent in the fiscal year that started in March,' the World Bank said in the report.

published on : 8th October 2020

World Bank ramps up pressure on China to cancel debt to coronavirus-hit poor countries: Report

World Bank President David Malpass on Monday called on China to cancel debt to covid-hit poor countries, blaming Beijing's well capitalised official lenders of not fully participating in the DSSI.

published on : 7th October 2020

By 2021, as many as 150 million people likely to be in extreme poverty due to COVID-19: World Bank

In its report, the World Bank noted that the lack of recent data for India severely hinders the ability to monitor global poverty.

published on : 7th October 2020

Coronavirus may increase child mortality in developing countries by 45 per cent: World Bank

World Bank president David Malpass said that the difficulties in administering education amid pandemic can lead to significant issues for the developing countries in the future.

published on : 6th October 2020

Chennai's new master plan to focus on reducing impact of natural disasters due to climate change

A total of USD 9 million up to the financial year 2023-24 has been approved by the World Bank for the CMDA as part of the project, a source said

published on : 30th September 2020

Take loan from World Bank to help states: Shiv Sena tells Centre

An editorial in party mouthpiece 'Saamana' criticised the NDA government for what it called trying to wash its hands of the crisis.

published on : 18th September 2020

Rs 2.25 crore World Bank funds remain unused in Odisha's Berhampur varsity

While the BU officials refused to state the exact reasons behind the delay in the last two years, they said Covid-19 outbreak has affected the projects considerably.

published on : 18th September 2020

Lebanon blast caused damage up to USD 4.6 billion, says World Bank

The August 4 blast was caused by the explosion of nearly 3,000 tons of ammonium nitrate stored at the Port of Beirut since 2014.

published on : 31st August 2020

Eyebrows raised over India's ease of doing business ranking by World Bank

In the recent World Bank’s ease of doing business 2020 report, the country jumped to 63rd position, among 190 nations.

published on : 29th August 2020

COVID-19 may have sent 100 million people hurtling into extreme poverty, says World Bank Chief

Having a clear view of the size of each country's debt and the collateral involved also are key to being able to help the debtor nations, Malpass said.

published on : 21st August 2020

Maintain reform momentum, says World Bank even as Indian economy faces uncertain future

According to the World Bank, fiscal deficit of the central government is likely to increase to 6.6 per cent of GDP in FY20/21 and is expected to remain elevated at 5.5 per cent in the following year. 

published on : 19th August 2020
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