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.
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.
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.
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.
'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.
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.
In its report, the World Bank noted that the lack of recent data for India severely hinders the ability to monitor global poverty.
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.
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
An editorial in party mouthpiece 'Saamana' criticised the NDA government for what it called trying to wash its hands of the crisis.
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.
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.
In the recent World Bank’s ease of doing business 2020 report, the country jumped to 63rd position, among 190 nations.
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.
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.