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Feb 27, 2021 01:29 PM IST World Bank executive directors welcomed moves by the Bank to ensure its lending supports efforts to reduce carbon emissions.
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Feb 21, 2021 09:25 PM IST The virtual FATF plenary will be held in Paris from February 22 to 25 to consider cases of various countries on the grey list, including Pakistan, and a decision will be made at the conclusion of the meetings
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Feb 20, 2021 08:08 AM IST Three countries - Ethiopia, Chad and Zambia - have already initiated negotiations with creditors under a new Common Framework supported by the Group of 20 major economies, a process that may lead to debt reductions in some cases.
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Feb 06, 2021 02:45 PM IST The 66-year-old is looking to make more history as she bids to become the first African and woman to head the World Trade Organization (WTO).
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Feb 02, 2021 12:52 PM IST The asset monetisation plan includes leasing out the tracks to private players to operate their trains
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Jan 24, 2021 11:04 AM IST This will be the first significant rise in poverty in 20 years, the World Bank has said.
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Jan 07, 2021 10:38 AM IST The World Bank believes the pandemic has lowered potential growth — the output that can be sustained at full employment and capacity utilization — in the Indian economy by eroding growth in human capital and investment
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Jan 06, 2021 10:20 AM IST The World Bank has forecast India's real gross domestic product growth to be 5.4 percent for fiscal year 2021-22, primarily due to the low base effect of the current year. However, unlike most other agencies, the multilateral organization has not upgraded its forecast for 2020-21, and still projects India's economy to contract by 9.6 percent this year.
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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.
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Dec 19, 2020 11:28 AM IST -
Dec 18, 2020 08:59 PM IST The World Bank said irregularities were reported regarding changes to the data in the Doing Business 2018 and Doing Business 2020 reports, published in October 2017 and 2019, respectively.
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Dec 16, 2020 10:30 PM IST World Bank India Country Director Junaid Ahmad said the four projects will support India's efforts to build back better by creating a sustainable and resilient economy.
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Nov 16, 2020 07:52 PM IST The government has set a target of raising Rs 2.10 lakh crore from disinvestment in the current financial year. Of this, Rs 1.20 lakh crore is to be raised through CPSE disinvestment.
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Nov 02, 2020 04:32 PM IST Despite pledges for debt relief and expanded programmes, the World Bank and International Monetary Fund have delivered meagre aid, say economists
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Oct 27, 2020 08:35 AM IST The world is now set to experience another surge in debt and deficits from levels that only nine months ago would have been deemed unthinkable by most economists and financial market participants
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Oct 16, 2020 10:07 PM IST The monetary institutions warned that the humanitarian crisis can further exacerbate fragility, conflict, and violence as well as intensify risks, including in small island states.
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Oct 15, 2020 01:27 PM IST The World Bank is encouraging countries to spend in the first instance on health programmes, on social programmes, and on education, World Bank President David Malpass said, adding that a critical step for countries is to reopen schools
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Oct 14, 2020 09:59 AM IST The money is part of an overall WB Group (WBG) package of up to $160 billion through June 2021 designed to help developing countries battle the novel coronavirus pandemic
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Oct 12, 2020 02:51 PM IST The report also noted that the pandemic may cause up to 5.5 million students to drop out from the education system and cause substantial learning losses, which will have a lifetime impact on the productivity of a generation of students.
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Oct 11, 2020 02:43 PM IST The International Monetary Fund and the World Bank meetings, which are usually held in Washington, will this year be held primarily in a virtual format on October 12-18.
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Oct 08, 2020 01:55 PM IST The multi-lateral lender forecast a record economic contraction of 7.7 percent for South Asia this year, and said workers in the informal sector were being hit hardest, and private consumption was unlikely to recover quickly from the blow.
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Oct 08, 2020 12:51 PM IST The World Bank added that it expected growth to return to 5.4 percent in FY22, assuming COVID-19-related restrictions are completely lifted by 2022.
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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.
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Oct 05, 2020 11:07 PM IST World Bank President David Malpass said developing countries might face difficulties in administering education amid the COVID-19 pandemic, which may further lead to significant issues for them in the future
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Sep 30, 2020 07:56 AM IST Malpass told Reuters in an exclusive interview that the initiative, part of $160 billion in coronavirus aid financing pledged by the multilateral lender, is aimed at helping countries procure and distribute vaccines early to healthcare and other essential workers and expand global production. He said the board was expected to consider the plan in early October.