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  • World Bank pledges $2 billion for flood-ravaged Pakistan Sep 25, 2022 03:30 PM IST

    World Bank pledges $2 billion for flood-ravaged Pakistan

    Unprecedented monsoon rains and flooding this year, which many experts attribute to climate change, have also injured some 13,000 people across the country since mid-June.

  • Delhi student, who went on to attend Yale, on how he got a World Bank job Sep 24, 2022 03:36 PM IST

    Delhi student, who went on to attend Yale, on how he got a World Bank job

    Vatsal Nahata, 23, wrote a LinkedIn post about how amid the COVID-19 pandemic, he stayed determined to find a job in the US.

  • Gujarat gets USD 350 mn loan from World Bank for augmenting healthcare services Sep 22, 2022 07:55 PM IST

    Gujarat gets USD 350 mn loan from World Bank for augmenting healthcare services

    The funding will come from World Bank arm International Bank of Reconstruction and Development (IBRD), carrying a maturity of 18 years including a grace period of 5.5 years.

  • A World Bank warning that calls for action Sep 19, 2022 12:30 PM IST

    A World Bank warning that calls for action

    The report calls for some very delicately-balanced trade-offs in emerging markets and developing economies between fighting inflation and preserving growth

  • World Bank to give Nepal Rs 52.7 billion in loans to support its trade growth and digital transformation Sep 18, 2022 08:17 PM IST

    World Bank to give Nepal Rs 52.7 billion in loans to support its trade growth and digital transformation

    The agreements were inked by Finance Secretary Krishna Hari Pushkar on behalf of the Nepal government and Faris Hadad-Zervous, World Bank Country Director for the Maldives, Nepal, and Sri Lanka, in the presence of Finance Minister Janardan Sharma and World Bank Vice President for South Asia Martin Raiser

  • Asian markets weaken as IMF, World Bank flag recession risks Sep 16, 2022 09:01 AM IST

    Asian markets weaken as IMF, World Bank flag recession risks

    MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3% on Friday, after U.S. stocks ended the previous session with mild losses. The index is down 4.1% so far this month.

  • World Bank sees rising risk of global recession in 2023 Sep 16, 2022 06:48 AM IST

    World Bank sees rising risk of global recession in 2023

    The world's three largest economies - the United States, China, and the euro area - have been slowing sharply, and even a "moderate hit to the global economy over the next year could tip it into recession," the bank said in a new study.

  • What are green bonds? Aug 11, 2022 06:11 PM IST

    What are green bonds?

  • World Bank says mobilizing $4.5 billion US grant for Ukraine Aug 09, 2022 06:42 AM IST

    World Bank says mobilizing $4.5 billion US grant for Ukraine

    The grant, arranged by the U.S. Treasury and the U.S. Agency for International Development and administered through the World Bank, was first reported by Reuters.

  • Bangladesh seeking $2 billion from World Bank, ADB Aug 03, 2022 11:30 AM IST

    Bangladesh seeking $2 billion from World Bank, ADB

    Bangladesh's $416 billion economy has been one of the fastest-growing in the world for years, but rising energy and food prices because of the Russia-Ukraine war have inflated its import bill and the current account deficit.

  • World Bank has no new financing plans for crisis-hit Sri Lanka Jul 29, 2022 11:03 AM IST

    World Bank has no new financing plans for crisis-hit Sri Lanka

    In a statement, the World Bank said Sri Lanka needed to adopt structural reforms that focus on economic stabilisation and tackle the root causes of its crisis, which has starved it of foreign exchange and led to shortages of food, fuel and medicines.

  • Zoho's Sridhar Vembu says World Bank, IMF have not served poor nations well Jul 26, 2022 08:57 PM IST

    Zoho's Sridhar Vembu says World Bank, IMF have not served poor nations well

    This comes at a time, when the World Bank appointed Indermit Gill as the second Indian chief economist and senior vice president for development economics.

  • Who is Indermit Gill, the 2nd Indian to become World Bank chief economist Jul 26, 2022 06:01 PM IST

    Who is Indermit Gill, the 2nd Indian to become World Bank chief economist

    Indermit Gill worked at the World Bank from 1993 to 2016, where his assignments included Director of Development Policy in Development Economics, chief economist for Europe and Central Asia, and acting chief economist for East Asia and the Pacific, among others.

  • Indermit Gill to be 2nd Indian to become World Bank chief economist after Kaushik Basu Jul 25, 2022 10:51 PM IST

    Indermit Gill to be 2nd Indian to become World Bank chief economist after Kaushik Basu

    Indermit Gill's tenure as the chief economist of World Bank will start from September 1, 2022

  • World Bank approves USD 1 billion loan for Ayushman Bharat Health Infrastructure Mission Jul 19, 2022 06:46 PM IST

    World Bank approves USD 1 billion loan for Ayushman Bharat Health Infrastructure Mission

    The loan cleared on June 28, 2022 comprises two complementary loans of USD 500 million each namely for Transforming India’s Public Health Systems for Pandemic Preparedness Program (PHSPP) and India’s Enhanced Health Service Delivery Program (EHSDP)

  • World Bank chafes at lower capital requirements recommended in G20 report: Sources Jul 15, 2022 02:18 PM IST

    World Bank chafes at lower capital requirements recommended in G20 report: Sources

    Proponents of the independent report - due be released on the sidelines of a meeting of G20 finance officials in Indonesia this week - believe the changes would free up much-needed funds for poorer countries at a time when high inflation is making it difficult for rich nations to boost spending overseas.

  • Payment giant has SWIFT alternative for 32 million Indian expats Jul 06, 2022 06:59 AM IST

    Payment giant has SWIFT alternative for 32 million Indian expats

    Indians overseas remitted $87 billion last year, the biggest inflow for any country tracked by the World Bank. The remittances market, where it costs $13 on average to send $200 across borders, is ripe for disruption, according to Ritesh Shukla, chief executive officer of NPCI International Payments Ltd.

  • Indian coal ministry seeks help from World Bank to re-purpose abandoned mines Jun 29, 2022 02:26 PM IST

    Indian coal ministry seeks help from World Bank to re-purpose abandoned mines

    Indian officials are rushing to make more coal available for utilities as shortages in the July-September quarter are forecast to be wider than initially estimated due to expectations of high power demand.

  • World Bank approves USD 562 million funding for 3 projects in India Jun 23, 2022 10:13 PM IST

    World Bank approves USD 562 million funding for 3 projects in India

    The World Bank announced on Thursday that it had authorised three loans totaling USD 562 million (about Rs 4,393.70 crore) to support projects for education in Gujarat, social protection in Tamil Nadu, and the rehabilitation of the fisheries industry after the epidemic.

  • World Bank approves $245 million loan to modernise India's railway logistics infra Jun 23, 2022 06:33 PM IST

    World Bank approves $245 million loan to modernise India's railway logistics infra

    World Bank, Rail Logistics, Indian Railways, India, international banks, Dedicated Freight Corridor Corporation of India Limited

  • World Bank approves $474 million loan to South Africa for COVID vaccines Jun 14, 2022 02:08 PM IST

    World Bank approves $474 million loan to South Africa for COVID vaccines

    South Africa has recorded the most coronavirus cases and deaths on the African continent, with over 3.9 million confirmed cases and more than 101,000 deaths. It initially struggled to secure vaccines due to limited supplies and protracted negotiations, but it is now well-supplied with doses.

  • World Bank slashes China growth forecast over COVID damage Jun 08, 2022 11:17 AM IST

    World Bank slashes China growth forecast over COVID damage

    China is the last major economy wedded to a zero-Covid policy, using rapid lockdowns, mass testing and strict movement restrictions to eliminate outbreaks -- but it has tangled supply chains and dragged economic indicators to their lowest levels in around two years.

  • World Bank board approves $1.49 billion in new funds for Ukraine Jun 08, 2022 07:33 AM IST

    World Bank board approves $1.49 billion in new funds for Ukraine

    The World Bank said in a statement that the latest round of funding for Ukraine is supported by financing guarantees from Britain, the Netherlands, Lithuania and Latvia. The project is also being supported by parallel financing from Italy and contributions from a new Multi-Donor Trust Fund.

  • 'Stagflation' risk: World Bank dims outlook for global economy amid Russia war Jun 07, 2022 08:02 PM IST

    'Stagflation' risk: World Bank dims outlook for global economy amid Russia war

    The Washington-based lender reduced its estimate for global growth this year to 2.9% from a January prediction of 4.1%

  • World Bank lowers India GDP forecast to 7.5% on rising inflation Jun 07, 2022 07:00 PM IST

    World Bank lowers India GDP forecast to 7.5% on rising inflation

    The revised growth forecast for India is sharply lower from 8.7 percent the World Bank had predicted in January

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