New Delhi, July 20 IFC, the private sector funding arm of World Bank, has appointed Hector Gomez Ang as Regional Director for South Asia. Based in New Delhi, Ang will play a critical role in boosting IFC’s investments in the
Manila, June 25 The World Bank on Friday approved a $400 millionloan to support reforms that will assist the Philippine government in achieving a resilient financial sector and help ensure a more inclusive recovery from the Covid-19 pandemic. The bank
United Nations, June 9 The World Bank has forecast that the Indian economy would grow by 8.3 per cent during the current fiscal year, an increase of nearly 3 per cent from its January projection, but lower than the April
New Delhi, Feb 23 Indian government, Government of Nagaland and the World Bank on Tuesday signed a $68 million project to enhance the governance of schools across Nagaland as well as to improve teaching practices and learning environments in select
Kabul (Afghanistan), Feb 18 The World Bank has approved $97.5 million in grant for Afghanistan to combat the impact of Covid-19 pandemic and droughts in the war-torn Asian country, the World Bank office in Afghanistan said in a statement reaching
New Delhi, Dec 23 India and the World Bank on Tuesday signed a $500 million project to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh. The project will also
New Delhi, Nov 7 If there weren’t enough financial crimes and frauds, credit and debit cards in the name of the World Bank are being issued in India. In a statement, the World Bank said: “The World Bank’s attention has
New Delhi, Oct 14 The Cabinet on Wednesday approved a World Bank supported ‘STARS’ project that will support states in terms of education, said Union Information and Broadcasting Minister Prakash Javadekar. This project will be implemented as a new centrally-sponsored scheme
New Delhi, Oct 8 Faced with an unprecedented downturn, India needs to continue with critical reforms to reverse the sudden and steep impacts of Covid-19 pandemic on its economy, said the World Bank in its twice-a-year-regional update. The latest South
Washington, Aug 28 The World Bank has announced to halt the publication of the ‘Doing Business’ report as irregularities have been reported in the changes to the data published in October 2017 and 2019. In a statement, World Bank Group
New Delhi, Aug 20 India’s general government debt-to-GDP ratio is set to surge, with a World Bank report projecting the ratio at rising to its peak of 89 per cent in the financial year 2022-23, before gradually declining. The report
New Delhi, Aug 19 As coronavirus cases continue to surge in India, restricting several economic activities, the World Bank may project a steeper contraction of the Indian economy for the current financial year, revised from the previous estimate of 3.2 per
New Delhi, July 8 The Indian government and the World Bank on Tuesday signed a loan agreement to enhance support for the Namami Gange programme that seeks to rejuvenate the Ganga. The Second National Ganga River Basin Project will help
United Nations, June 30 The World Bank has signed agreements worth $250 million to promote private sector role in developing affordable housing in Tamil Nadu. The agreements were signed on Monday between the World Bank, the Indian Central government and
Dhaka, June 25 The World Bank has approved $500 million to help Bangladesh improve road connectivity along the Jashore-Jhenaidah corridor covering four western districts of Bangladesh to connect with the capital Dhaka as well as with India and Bhutan. World Bank
New Delhi, June 21 A group of academicians have urged the World Bank to postpone loan to the Ministry of Human Resource Development (MHRD) for the project — Strengthening Teacher-Learning and Results for States (STARS), across six states in India
Washington, April 20 The International Monetary Fund (IMF) and the World Bank Group (WBG) have called on countries to keep trade open as the world battles the COVID-19 pandemic, warning that export controls on medical supplies and other essentials could
New Delhi, April 3 The World Bank Group has earmarked $1 billion emergency financing support to India to curb the spread of COVID-19. The funding comes as a part of the group’s first set of emergency support operations for developing
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.
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