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.
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
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