September 26, 2017
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Indian firms get approvals faster than World Bank suggests : NITI Aayog
New Delhi, Aug 29 (IANS) Enterprises in India take considerably less time in obtaining approvals than reported by the World Bank data, the NITI Aayog said on Tuesday. According to the NITI Aayog’s “Ease of Doing Business” survey, which...
World Bank pledges $24 mn to enhance India’s forest ecosystem services
New Delhi, Aug 16 (IANS) The Finance Ministry and the World Bank on Wednesday signed a grant agreement of $24.64 million from the Global Environment Facility (GEF) of the World Bank for ecosystem service improvement project, said an official. The project...
World Bank keeps 2017 global growth forecast at 2.7%
Washington, June 5 World Bank on Sunday maintained its forecast for global growth in 2017 and 2018 unchanged at 2.7 per cent and 2.9 per cent, respectively, as manufacturing and trade are picking up and confidence is improving. “A bright spot...
India’ growth to slow down to 6.8% in 2016-17: World Bank
New Delhi, May 30 A modest slowdown is expected in India’s growth with the GDP expected to fall to 6.8 per cent in 2016-17 as a result of temporary disruption caused by the government’s demonetisation initiative, the World Bank said on Monday. “India’s...
World Bank cuts Indian GDP growth for fiscal to 7%
Washington, Jan 11 In its first projection on India post-demonetisation, the World Bank has lowered the country’s GDP growth estimate for this fiscal to 7 per cent, from its earlier estimate of 7.6 per cent made in June last year.“Growth...
World Bank cancels $100m loan to Pakistan
Islamabad, Dec 8 The World Bank has cancelled a $100 million loan approved for a natural gas efficiency project, citing a lack of interest on the part of a Pakistani gas distribution company.The project, which was to be carried out by Sui Southern Gas...
India again urges IMF, World Bank country quota reforms
Washington/New Delhi, Oct 10 India has reiterated the strong case for realigning the country quota shares of the International Monetary Fund (IMF) in line with changed global economic realities, an official statement said on Sunday. “Union Finance...
World Bank reappoints President Jim Yong Kim to second term
Washington, Sep 28 Executive Directors of the World Bank on Tuesday agreed unanimously to reappoint Jim Yong Kim to a second five-year term as President of the multilateral development bank.“Executive Directors cited the achievements of Bank Group...
World Banks loans Egypt $1 bn as economic relief
Cairo, Sep 10 The World Bank on Friday transferred $1 billion to Egypt to boost the Arab country’s economic reform programme, a media report said.“This is the first batch of a $3 billion deal allocated for funding a government economic developmental...
World Bank gives $100 mn for Sri Lanka’s economic reforms
Colombo, Aug 1 The World Bank has approved a $100 million credit from the International Development Association (IDA) to support the Sri Lanka’s economic reforms programme, officials said on Monday.“Sri Lanka has been making steady progress...
President, World Bank, Jim Yong Kim calling on the Prime Minister, Narendra Modi, in New Delhi on June 30, 2016.
President, World Bank, Jim Yong Kim calling on the Prime Minister, Narendra Modi, in New Delhi on June 30, 2016.
Bangladesh signs $130 mn World Bank loan for economic zones
Dhaka, June 20 The Bangladeshi government has signed a $130 million additional financing agreement with the World Bank to scale up support for the recently licensed and new economic zones to attract foreign and domestic investment as well as to create...
World Bank cuts 2016 global growth forecast to 2.4%
Washington, June 8 The World Bank has lowered its forecast for the global growth in 2016 to 2.4 per cent, saying that the world economy is facing stronger headwinds. In its Global Economic Prospects Report released on Tuesday, the Washington-based institution...
World Bank nod for $625 mn loan to Indian solar programme
New Delhi, May 17 The World Bank said on Monday it has approved a $625 million loan to support India’s grid connected rooftop solar programme to generate clean energy.“The project will finance the installation of at least 400 MW of grid...
World Bank should increase financial aid to renewable energy sector: Official
New Delhi, April 15 Global financial institutions, like the World Bank, should provide a clear roadmap and increase their financial commitment from five percent to at least 15 percent in development of India’s renewable energy sector, an official...
India to grow at 7.7 percent in current fiscal: World Bank
Washington, April 13 India’s economic growth is expected to rise from 7.5 percent in 2015-16 to 7.7 percent in the current fiscal on the back of strong private investment, more infrastructure spending, better investment climate and improved corporate...
East Asia, Pacific growth will be hit by China’s: World Bank
Singapore, April 12 In a warning about volatile global markets that has implications also for India, the World Bank said on Monday that economic growth in the East Asia and Pacific region will ease, pulled down by weaker growth in China. In its East...
Jaitley heads to US Tuesday to attend IMF-WB meetings
New Delhi, April 12 Finance Minister Arun Jaitley will on Tuesday leave for a 10-day visit to the US to attend the Spring Meetings of the International Monetary Fund and World Bank, a UN session on the drugs problem, and an interaction with American...
World Bank unveils plan to fight climate change
Washington, April 8 The World Bank has announced its plan to help developing countries add 30 gigawatts (GW) of renewable energy to the world’s energy capacity and to mobilise $25 billion in private financing for clean energy by 2020.The Climate...