Washington, March 4 The World Bank has committed $12 billion in aid for developing countries grappling with the spread of the coronavirus. The emergency package includes low-cost loans, grants and technical assistance. The action comes as leaders around the world
New Delhi, Oct 24 India has further improved its ease of doing business ranking, jumping 14 places to rank 63. The country also figured among the the top 10 performers on the list for the third time in a row.
Dhaka, Aug 31 The Bangladeshi government has signed a $185 million financing agreement with the World Bank to add about 310 MW renewable energy generation capacity, which will contribute to reliable, affordable electricity and cleaner air. The “Scaling-up Renewable Energy
Amaravati, July 22 The World Bank, which has dropped its $300 million commitment for the new Andhra Pradesh capital last week, clarified on Sunday that the Indian government withdrew its request to finance the project. The World Bank, in a
Dhaka, July 13 The World Bank has approved $100 million to improve water supply and sanitation system in 30 Bangladesh municipalities. The “Municipal Water Supply and Sanitation Project” will help about 600,000 people living in small towns to get safe
Ranchi, June 25 The World Bank on Tuesday approved a $147 million loan agreement to provide basic urban services to the people of Jharkhand and help improve the management capacity of the urban local bodies (ULBs) in the state. “The
Mumbai, March 5 The World Bank and the Government of India on Tuesday signed a $250-million agreement for the National Rural Economic Transformation Project (NRETP) focused on promoting “women-owned and women-led” farm and non-farm enterprises. The National Rural Economic Transformation Project
Kabul, Feb 7 The World Bank has provided a grant of $235 million to the Afghan government to support its efforts for development and stimulating growth in the country, the country’s Finance Ministry said on Thursday. On Wednesday, Acting Minister
United Nations, Jan 9 Fuelled by policy reforms and rebound in credit, India’s economy is forecast to expand by 7.5 per cent during the 2019-20 fiscal year and retain its position as the fastest growing major economy in a world
New Delhi, Nov 21 The Centre and the Jharkhand government on Tuesday signed a pact with the World Bank under which the multilateral agency will advance a loan of $310 million to boost the state’s power system, mainly transmission infrastructure.
Dhaka, Oct 29 The Bangladesh government and the World Bank on Sunday signed an agreement to improve the transparency and efficiency of its major cash transfer programmes. Mahmuda Begum, an Additional Secretary of Bangladesh’s Economic Relations Division, and Qimiao Fan,
Dhaka, Oct 27 The World Bank has approved $425 million to improve road connections in Bangladesh through building, maintaining and improving rural bridges in a programme that will benefit two thirds of the country’s people. The Operation For Supporting Rural
Manila, Oct 4 Developing countries of the East Asia and Pacific region will grow at 6.3 per cent in 2018, the World Bank has said. The outlook for the region remained positive despite a lower growth prospect than in 2017
New Delhi, Sep 21 (IANS) The World Bank Group (WBG) on Friday approved its largest country program for India with a likely assistance of $25-30 billion by fiscal 2021-22 to help India’s transition to a higher middle-income country. “With a fast
By Prakash Bhargava New Delhi, Aug 29 India on Tuesday signed a $220-million loan agreement with the World Bank to scale up energy saving steps in residential and public sectors. It inked another $80-million guarantee agreement for ‘India Energy Efficiency
United June 6 India is projected to regain its position as the world’s fastest growing major economy advancing 7.3 per cent this fiscal year and 7.5 per cent in the next two “as factors holding back growth in India fade”,
Washington, June 6 The World Bank has kept its growth forecasts for the global economy unchanged for this year and next year, but warned of a combination of considerable downside risks including escalating trade protectionism. In its newly-released Global Economic
New Delhi, June 01 India on Friday signed a $500 million loan agreement with the World Bank for additional financing for the Pradhan Mantri Gram Sadak Yojana (PMGSY) Rural Roads Project to build 7,000 km of climate resilient roads. The
Washington/New Delhi, April 24 India topped as the highest recipient of remittances globally in 2017, with its diaspora sending back $69 billion, a World Bank statement said here on Monday. “Remittance inflows improved in all regions and the top remittance
New Delhi, April 17 India needs to create more than 8 million jobs a year to maintain its employment rate which has been declining over the past decade, according to the latest World Bank report. In its biannual South Asia
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