Moneycontrol PRO
you are here: HomeNewsWorld bank
world bank
Jump to
  • World Bank presidential nominee Ajay Banga visits Tokyo March 23, 2023 07:17 AM IST

    World Bank presidential nominee Ajay Banga visits Tokyo

    While in Japan, Banga met virtually with South Korea's Deputy Prime Minister and Finance Minister Choo Kyung-Ho.

  • US pick for World Bank, Ajay Banga, to meet with PM Modi in native India March 23, 2023 06:57 AM IST

    US pick for World Bank, Ajay Banga, to meet with PM Modi in native India

    The Treasury said Banga will visit New Delhi on March 23 and 24, where his likeness has already been posted on billboards. He will meet with Prime Minister Narendra Modi as well as the minister of finance, Nirmala Sitharaman, and the minister of external affairs, Subrahmanyam Jaishankar.

  • China's backing for Ajay Banga to head World Bank doubtful March 22, 2023 09:35 PM IST

    China's backing for Ajay Banga to head World Bank doubtful

    Reports from Washington said 63-year-old Banga, who is nominated by US President Joe Biden to head the Bank, is due to visit China to meet officials of the People's Bank of China to seek Beijing's support for his candidature.

  • 'Trillions of dollars' needed to fight global poverty, says World Bank nominee Ajay Banga March 20, 2023 02:14 PM IST

    'Trillions of dollars' needed to fight global poverty, says World Bank nominee Ajay Banga

    In order to address these issues, "trillions of dollars a year," will be required, Ajay Banga said, adding that these investments should be "larger than what multilateral banks have, larger than what even the most generous governments, including the Japanese government, have. We have to involve the private sector."

  • Why are Indian women dropping out of workforce at an alarming rate? March 13, 2023 01:05 PM IST

    Why are Indian women dropping out of workforce at an alarming rate?

    Women's participation in the workforce has almost halved to 19 percent in the last three decades. Experts say work-life balance issues, gender role expectations and socio-economic imbalances in India are leading to the exodus.

  • Steps towards gender equality taken in 2022 lowest since start of the century: World Bank March 08, 2023 02:21 PM IST

    Steps towards gender equality taken in 2022 lowest since start of the century: World Bank

    At the current pace, it will take at least 50 years to close the legal gender gap when it comes to economic participation, shows data.

  • World Bank: Quake caused damage worth USD 5.1 billion in Syria March 04, 2023 08:17 AM IST

    World Bank: Quake caused damage worth USD 5.1 billion in Syria

    The earthquake has also compounded myriad other troubles in Syria, where the nearly 12-year civil war has killed nearly half a million people and displaced half the country's pre-war population of 23 million.

  • World Bank commits $1 bn to India for public healthcare infra March 03, 2023 03:41 PM IST

    World Bank commits $1 bn to India for public healthcare infra

    The World Bank will support Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM) to improve the public healthcare infrastructure across the country, the multilateral funding agency said in a statement.

  • World Bank nominee Ajay Banga is a ‘big believer’ in climate science March 03, 2023 07:17 AM IST

    World Bank nominee Ajay Banga is a ‘big believer’ in climate science

    “There’s enough scientific evidence that I’m a big believer in,” Ajay Banga said in a group interview Thursday at the US Treasury Department, adding that poverty alleviation and environmental issues are “intertwined.”

  • Ajay Banga's experience will stand him in good stead at World Bank: FinMin March 02, 2023 05:23 PM IST

    Ajay Banga's experience will stand him in good stead at World Bank: FinMin

    "Congratulations to Ajay Banga on being nominated to lead World Bank. India supports Banga's nomination and looks forward to his leadership of the World Bank," the Finance Ministry said in a tweet.

  • World Bank estimates Turkey quake damage at $34 billion February 28, 2023 07:09 AM IST

    World Bank estimates Turkey quake damage at $34 billion

    The amount is equivalent to four percent of Turkey's GDP in 2021, the Washington-based institution said, adding that the estimate does not account for the costs of reconstruction that were "potentially twice as large," a statement said.

  • From Mastercard to World Bank, Ajay Banga faces a similar set of challenges February 27, 2023 10:35 AM IST

    From Mastercard to World Bank, Ajay Banga faces a similar set of challenges

    Ajay Banga has been nominated to preside over the World Bank in trying times. Can he tilt the governance of the Bretton Woods institutions towards emerging and developing economies?

  • World Bank President David Malpass says India can achieve 8% growth, lauds Budget's focus on investments February 27, 2023 09:46 AM IST

    World Bank President David Malpass says India can achieve 8% growth, lauds Budget's focus on investments

    Malpass said that the private sector should be enabled that means more space for small and medium businesses and more women in labour force.

  • Ajay Banga could pivot changes in World Bank’s development paradigm with the India model February 24, 2023 04:32 PM IST

    Ajay Banga could pivot changes in World Bank’s development paradigm with the India model

    The new grammar of political reforms and governance is an evolving rule book that will have implications on how economic progress gets translated into social equalities, an area that Banga may like to spend some time on in the World Bank 

  • US President Joe Biden nominates ex-Mastercard CEO Ajay Banga to lead World Bank February 24, 2023 01:55 PM IST

    US President Joe Biden nominates ex-Mastercard CEO Ajay Banga to lead World Bank

    Ajay Banga, currently vice chairman at private equity firm General Atlantic, has more than 30 years of business experience, having served in various roles at Mastercard and the boards of the American Red Cross, Kraft Foods and Dow Inc. He is the first Indian-born nominee to the World Bank president role.

  • Ajay Banga 'capable of reinvigorating World Bank': Anand Mahindra February 24, 2023 11:40 AM IST

    Ajay Banga 'capable of reinvigorating World Bank': Anand Mahindra

    US President Joe Biden nominated former Mastercard Inc CEO Ajay Banga to lead the World Bank, betting the India-born executive's ties to the private sector and emerging markets will jump-start the institution's overhaul to better address climate change.

  • Ajay Banga should make public health top priority for the World Bank February 24, 2023 11:06 AM IST

    Ajay Banga should make public health top priority for the World Bank

    Joe Biden's choice to lead the World Bank should depart from prevailing wisdom on prioritising climate change, and instead recognise the sucess achieved in financing public health interventions

  • Ajay Banga to lead World Bank: Here's how its President is picked February 24, 2023 10:16 AM IST

    Ajay Banga to lead World Bank: Here's how its President is picked

    The World Bank is an international financial institution that provides loans to low and middle income countries for the purpose of pursuing capital projects.

  • Ajay Banga nominated to lead World Bank: Here is what eminent personalities say February 24, 2023 01:18 PM IST

    Ajay Banga nominated to lead World Bank: Here is what eminent personalities say

    Trinamool leader Derek O’Brien took to Twitter to trace Ajay Banga's humble journey from a Nestle executive in Kolkata, 30 years ago, to leading the World Bank.

  • Who is Ajay Banga? 10 things to know about US' nominee for World Bank chief February 23, 2023 09:49 PM IST

    Who is Ajay Banga? 10 things to know about US' nominee for World Bank chief

    Banga is the first Indian-born nominee to the World Bank president role. If elected, he will be succeeding David Malpass, a Donald Trump-era appointee who would be stepping down in June 2023.

  • US will put forward a well qualified candidate to lead World Bank: Treasury Secretary February 23, 2023 05:05 PM IST

    US will put forward a well qualified candidate to lead World Bank: Treasury Secretary

    She said it was important that there is a transparent and swift nomination process for that.

  • World Bank board aims to pick next president by early May, US nominee expected soon February 23, 2023 06:14 AM IST

    World Bank board aims to pick next president by early May, US nominee expected soon

    The 25-member board, under pressure to reform its operations to respond more aggressively to climate change and other global challenges, met for several hours on Wednesday to finalize its selection criteria and a timeline for the process.

  • Donald Trump pick David Malpass surprises with early exit from World Bank February 16, 2023 06:11 AM IST

    Donald Trump pick David Malpass surprises with early exit from World Bank

    Malpass, appointed by former President Donald Trump, will depart the multilateral development bank, which provides billions of dollars a year in funding for developing economies, by the end of June. His five-year term was due to end in April 2024.

  • Indian Railway will need to raise around Rs 30,000 crore from asset monetisation in FY24: Sources February 06, 2023 06:04 PM IST

    Indian Railway will need to raise around Rs 30,000 crore from asset monetisation in FY24: Sources

    Indian Railways missed its asset monetisation target in 2021-22. This is likely to be repeated in 2022-23 as well, when against a target of Rs 57,000 crore, it will likely raise only around Rs 20,000 - 25,000 crore.

  • “Can’t interpret treaty for us” India’s jab at World Bank | Indus Waters Treaty renegotiation February 03, 2023 07:38 PM IST

    “Can’t interpret treaty for us” India’s jab at World Bank | Indus Waters Treaty renegotiation

    MEA spokesperson Arindam Bagchi responded to the World Bank amidst ongoing renegotiations of Indus Waters Treaty. India expressed its intention to renegotiate the six decades-old Indus Waters Treaty with Pakistan owing to its “intransigence” in handling disputes. Listen to what he had to say about World Bank’s role in the conflict.