One striking conclusion from surveys covering more than 40 economies is the rift opening between what most top central banks target -- inflation -- and policy bias, prompting many economists to warn about the rising danger of policy error.
India, Asia's third largest economy, is working with the World Bank to speed up its development.
The sale, which follows a strategic review, will allow Aviva to further reallocate capital to businesses that can bring higher returns and grow its business across Asia, the insurer said.
IFC, a member of World Bank, has planned an investment of around USD 5-6 billion for the next five years in India for participating in the country's climate change programs, its Country Head (India) Jun Zhang told reporters on the sidelines of an event here.
IFC, a member of World Bank, has planned an investment of around USD 5-6 billion for the next five years in India for participating in the country's climate change programs.
A release from the agency said the project was aimed at replacing the low tension overhead power lines in the coastal areas of Ariyankuppam, Mudaliarpet and Uppalam with the underground cable.
The lender said in a statement that the 4.2-billion pounds penalty was a "heavy price" to settle US mis-selling claims, which occurred in the run-up to the notorious global financial crisis and subsequent worldwide recession.
The International Finance Corp (IFC), as the World Bank unit is called, said it had agreed to invest $15 million in the firm. The other investors include Alibaba Entrepreneurs Fund, a not-for-profit fund launched by Chinese e-commerce giant Alibaba Group, and Japan's SBI Group.
In a joint statement on the occasion of G20 Summit, heads of the three multilateral organisations said deeper trade integration and supportive domestic policies requires decisive action by the leaders of the grouping.
On Wednesday, the Centre strongly put forward India’s laurels by presenting how the country’s procedures, cost of construction and time taken to approve business deals has significantly reduced.
Drawing on the slow response to the 2013 Ebola outbreak in Africa in which thousands died, the World Bank designed the Pandemic Emergency Financing Facility (PEF), to channel surge funding to developing countries facing the risk of a pandemic.
The objective of the project is to increase the delivery of electricity to customers and improve the operational efficiency and system reliability in distribution of electricity in selected areas in Andhra Pradesh.
According to the statement, the objective of the project is to improve access to the delivery of selected public services in Assam.
Even as the World Bank has revised India's growth figures by 0.4 percentage points as compared to its January forecast, India remains the fastest growing major economy in the world, the World Bank officials said.
Rising trade protectionism and policy uncertainty, primarily in the United States under President Donald Trump, pose important cautions for the outlook.
The World Bank report is of the view that demonetisation has the potential to accelerate the formalisation of the economy.
SBI has availed loan of USD 625 million from the World Bank for on-lending to viable Grid-Connected Rooftop Solar PV (GRPV) projects
The programme size is USD 45 million, of which USD 36 million will be financed by the Bank and the remaining amount will be funded out of state budget.
The Union Cabinet on Wednesday approved USD 250 million corpus as part of Biopharma Mission to fund biotech startups and accelerate innovation. World Bank has agreed to line up USD 125 million for the fund.
Didi said last month it raised more than $5.5 billion to expand its business overseas and develop artificial intelligence technology. Sources had said investors included SoftBank.
"If these things spreads as is possible. So I think that's a kind of big challenge,” he said in an apparent disagreement of the recent move by Uttar Pradesh Chief Minister Yogi Adityanath to waive agricultural loans worth Rs 36,000 crore in the state.
The memorandum of understanding signed at the World Bank and International Monetary Fund spring meetings in Washington comes a year after the two multilateral lenders established mechanisms for cost-sharing and co-financing of investment projects.
The bank said further improvements in the global outlook will require policies that foster inclusive and sustainable growth, address financial vulnerabilities, said the communique issued by the Development Committee at the finance ministers and central bank governors who met here for the annual Spring Meeting of the International Monetary Fund and the World Bank.
Finance Ministry Arun Jaitley is in Washington to attend the Spring Meeting of the IMF - World Bank Group.
Jaitley, who holds the additional charge of the Defence Ministry, said the Union Government has made the initial policy changes while some more are being planned.