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Biggest commodity shock since 1970s raises spectre of stagflation : World Bank

Biggest commodity shock since 1970s raises spectre of stagflation : World Bank

🕔09:55, 28.Apr 2022

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

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World Bank approves $300mn rehabilitation fund for Ethiopia

World Bank approves $300mn rehabilitation fund for Ethiopia

🕔06:46, 14.Apr 2022

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

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World Bank to begin processes on hydro projects under Indus Water Treaty

World Bank to begin processes on hydro projects under Indus Water Treaty

🕔15:01, 8.Apr 2022

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

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IMF, World Bank to boost financial & policy support to Ukraine

IMF, World Bank to boost financial & policy support to Ukraine

🕔11:34, 2.Mar 2022

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

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World Bank approves loan of $125mn to Bengal govt

World Bank approves loan of $125mn to Bengal govt

🕔17:51, 22.Jan 2022

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

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India has offered Bangladesh use of inland waterways system up to Varanasi

India has offered Bangladesh use of inland waterways system up to Varanasi

🕔17:48, 1.Jan 2022

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

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Indonesia’s economy to grow by 5.2% in 2022: World Bank

Indonesia’s economy to grow by 5.2% in 2022: World Bank

🕔12:27, 17.Dec 2021

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

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South Asia’s recovery continues amid uncertainties due to Covid: World Bank

South Asia’s recovery continues amid uncertainties due to Covid: World Bank

🕔18:38, 7.Oct 2021

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

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Afghan banking system close to collapse

Afghan banking system close to collapse

🕔08:23, 29.Sep 2021

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,

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World Bank considers giving loan to Bengal for social welfare schemes

World Bank considers giving loan to Bengal for social welfare schemes

🕔12:08, 5.Sep 2021

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

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India, World Bank sign $250 mn project for making dams safe

India, World Bank sign $250 mn project for making dams safe

🕔20:13, 4.Aug 2021

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

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Focus on Covid, climate finance to help South Asia’s economic recovery

Focus on Covid, climate finance to help South Asia’s economic recovery

🕔17:31, 20.Jul 2021

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

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World Bank approves $400mn loan to Philippines

World Bank approves $400mn loan to Philippines

🕔14:20, 25.Jun 2021

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

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As India battles Covid, World Bank forecasts growth at 8.3%

As India battles Covid, World Bank forecasts growth at 8.3%

🕔07:53, 9.Jun 2021

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

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India, World Bank ink project for enhancing education in Nagaland

India, World Bank ink project for enhancing education in Nagaland

🕔15:49, 23.Feb 2021

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

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World Bank approves $97.5mn for Afghanistan to combat Covid

World Bank approves $97.5mn for Afghanistan to combat Covid

🕔18:10, 18.Feb 2021

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

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World Bank to fund $500 mn ‘green’ highways project in India

World Bank to fund $500 mn ‘green’ highways project in India

🕔07:10, 23.Dec 2020

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

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World Bank cautions Indians against fraudulent credit, debit cards

World Bank cautions Indians against fraudulent credit, debit cards

🕔07:16, 7.Nov 2020

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

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Cabinet okays ‘STARS’ project to help states better education outcomes

Cabinet okays ‘STARS’ project to help states better education outcomes

🕔17:20, 14.Oct 2020

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

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India needs to sustain reforms to stem economic slowdown : World Bank

India needs to sustain reforms to stem economic slowdown : World Bank

🕔14:33, 8.Oct 2020

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

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