Jun 08, 2021 07:38 PM IST
Earlier, the World Bank had estimated Indian economy to grow at a pace of 10.1 percent in FY 2021-22.
- Apr 07, 2021 02:11 PM IST
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.
- Jan 05, 2021 09:57 PM IST
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.
- Oct 07, 2020 12:29 PM IST
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.
- Jul 10, 2020 01:45 PM IST
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."
- Jul 09, 2020 11:50 AM IST
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.
- Apr 17, 2020 09:58 PM IST
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.
- Oct 18, 2019 08:22 AM IST
"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.
- Apr 10, 2019 07:54 AM IST
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.