The war in Ukraine will result in expensive food and energy for the next three years, the World Bank has warned, intensifying fears that the global economy is heading for a rerun of the weak growth and high inflation of
Addis Ababa, April 14 (IANS) The World Bank has announced it has approved a $300 million rehabilitation fund for Ethiopia. In a press statement, the World Bank on Wednesday said the newly approved funds will be used to rehabilitate those affected
Addressing the failure in finding an acceptable solution in five years to the risk posed to the Indus Water Treaty (IWT), the World Bank has announced to resume two separate processes requested by India and Pakistan in connection with the
Washington, March 2 (IANS) World Bank and the International Monetary Fund (IMF) has announced that they are working together to support Ukraine on the financing and policy fronts and are urgently increasing that support. IMF Managing Director Kristalina Georgieva and World
Kolkata, Jan 22 (IANS) In a significant recognition to the social welfare schemes launched by West Bengal Chief Minister Mamata Banerjee, the World Bank has approved a loan of $125 million (nearly Rs 1,000 crore) for inclusive social protection. Earlier, IANS
Dhaka, Jan 1 (IANS) The High Commissioner of India in Bangladesh Vikram Doraiswami has said that India has offered the use of its inland waterways system up to Varanasi, which can help in trade using the India-Nepal connectivity. India is already
Jakarta, Dec 17 (IANS) The World Bank has estimated that Indonesia’s economy would grow by 3.7 per cent in 2021 and by 5.2 per cent in 2022, if there would be no other severe waves of the Covid-19 pandemic and the
Dhaka, Oct 7 South Asia’s recovery continues as global demand rebounded and targeted containment measures helped minimize the economic impacts of the recent waves of Covid-19, the World Bank revealed in its twice-yearly regional update on Thursday. But the recovery
New Delhi, Sep 29 Afghanistan’s banking system is close to collapse. Syed Moosa Kaleem Al-Falahi, the Chief Executive of the Islamic Bank of Afghanistan, said the country’s financial industry is in the grip of an “existential crisis” as customers panic,
Kolkata, Sep 5 The World Bank is considering approving a loan of 125 million dollars to the West Bengal government to help its efforts to strengthen and empower the vulnerable groups of society. To avail the loan the state government will
New Delhi, Aug 4 (IANS) The Indian government, the Central Water Commission, representatives from 10 participating states, and the World Bank on Wednesday signed a $250 million project for long-term dam safety programme and improving the safety and performance of existing
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
