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  • World Bank projects India's economy to grow at 8.3% in 2021 Jun 08, 2021 07:38 PM IST

    World Bank projects India's economy to grow at 8.3% in 2021

    Earlier, the World Bank had estimated Indian economy to grow at a pace of 10.1 percent in FY 2021-22.

  • Inequality most apparent in direct effects of COVID-19: World Bank President David Malpass Apr 07, 2021 02:11 PM IST

    Inequality most apparent in direct effects of COVID-19: World Bank President David Malpass

    David Malpass, during a conversation with IMF Managing Director Kristalina Georgieva and US Treasury Secretary Janet Yellen on Tuesday, said that in response to the coronavirus pandemic, the World Bank took broad, fast action and quickly achieved over 100active operations of support for developing countries.

  • Global economy expected to expand by 4% in 2021: World Bank Jan 05, 2021 09:57 PM IST

    Global economy expected to expand by 4% in 2021: World Bank

    Although the global economy is growing again after a 4.3 per cent contraction in 2020, the pandemic has caused a heavy toll of deaths and illness, plunged millions into poverty, and may depress economic activity and incomes for a prolonged period.

  • By 2021, as many as 150 million people likely to be in extreme poverty due to COVID-19: World Bank Oct 07, 2020 12:29 PM IST

    By 2021, as many as 150 million people likely to be in extreme poverty due to COVID-19: World Bank

    In order to reverse this serious setback to development progress and poverty reduction, countries will need to prepare for a different economy post-COVID, by allowing capital, labour, skills and innovation to move into new businesses and sectors, World Bank Group President David Malpass said.

  • IMF, World Bank confirm plans for 'primarily virtual' annual meetings Jul 10, 2020 01:45 PM IST

    IMF, World Bank confirm plans for 'primarily virtual' annual meetings

    In a joint statement, IMF Managing Director Kristalina Georgieva and World Bank President David Malpass said they were recommending the annual meetings, set for October 12-18, be held in a "primarily virtual format."

  • Debt reduction only way to end 'poverty trap' for some countries: World Bank Chief Jul 09, 2020 11:50 AM IST

    Debt reduction only way to end 'poverty trap' for some countries: World Bank Chief

    Developing countries and emerging markets face dire economic consequences from the pandemic given inadequate healthcare systems, a lack of resources to offset the impact of widespread lockdowns and, in some cases, a collapse in commodity prices.

  • Estimates suggest much deeper global downturn due to coronavirus pandemic than Great Recession: World Bank Apr 17, 2020 09:58 PM IST

    Estimates suggest much deeper global downturn due to coronavirus pandemic than Great Recession: World Bank

    World Bank President David Malpass said while the tragic impacts of the COVID-19 pandemic are being felt globally, this crisis will likely hit the poorest and most vulnerable countries and people the hardest.

  • World Bank President David Malpass to visit India, Pakistan in October Oct 18, 2019 08:22 AM IST

    World Bank President David Malpass to visit India, Pakistan in October

    "In India, I hope to discuss the challenges in the financial sector, where progress can be made and help India grow even faster than it is," Malpass said at a news conference at the start of the annual meetings of the IMF and World Bank here.

  • New World Bank David Malpass boss vows to keep climate goals, evolve China relationship Apr 10, 2019 07:54 AM IST

    New World Bank David Malpass boss vows to keep climate goals, evolve China relationship

    Malpass, who started at the Bank on Tuesday, was nominated by U.S. President Donald Trump. Some development professionals feared that he would pursue Trump's "America First" agenda at the bank by resuming financing for coal power projects and pressuring China.

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