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  • Performance indicators — Rank and reality Sep 04, 2020 08:31 AM IST

    Performance indicators — Rank and reality

    While India’s improvement in the innovation index is welcome, the controversy over World Bank’s EoDB ranking should make us cautious about such catch-all metrics

  • World Bank halts publication of 'Doing Business' report after probe into data irregularities Aug 28, 2020 08:46 AM IST

    World Bank halts publication of 'Doing Business' report after probe into data irregularities

    The World Bank’s ‘Doing Business’ report ranks countries based on the business and investment climate.

  • COVID-19 impact | May project steeper growth contraction for India: World Bank Aug 19, 2020 06:36 PM IST

    COVID-19 impact | May project steeper growth contraction for India: World Bank

    The World Bank had in May projected that the Indian economy will contract by 3.2 percent in FY21 and rebound slowly in the next financial year

  • At 90, can we expect BIS to reform and set a benchmark? Jul 16, 2020 11:33 AM IST

    At 90, can we expect BIS to reform and set a benchmark?

    The reform of the BIS board will go a long way to make the BIS a truly global institution. It will also act as a benchmark for other global financial institutions.

  • 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.

  • Kuwait’s expat quota bill a big blow to Kerala’s remittances Jul 08, 2020 02:20 PM IST

    Kuwait’s expat quota bill a big blow to Kerala’s remittances

    Depending on when the expats are asked to leave the country, Kerala’s remittances economy could see a shrinkage of up to $4 billion — about 25 percent of its total inward remittances

  • World Bank to provide $400 million to enhance support for rejuvenating Ganga Jul 07, 2020 09:55 PM IST

    World Bank to provide $400 million to enhance support for rejuvenating Ganga

    According to the release, the Ganga Basin provides over one-third of India's surface water, includes the country's largest irrigated area, and is key to India's water and food security.

  • India's liquidity-starved MSME sector to get $750 million World Bank funding Jul 01, 2020 01:05 PM IST

    India's liquidity-starved MSME sector to get $750 million World Bank funding

    During the 2020 fiscal (July 2019-June 2020), World Bank has extended USD 5.13 billion loans to India-- which is the highest in a decade. This includes USD 2.75 billion given in three months in response to the COVID-19 pandemic.

  • World Bank enhances support for rejuvenating Ganga, sanctions $400 million Jun 30, 2020 10:35 PM IST

    World Bank enhances support for rejuvenating Ganga, sanctions $400 million

    The assistance will help strengthen the management of the river basin which is home to more than 500 million people, the World Bank said in a statement.

  • India retains its position as 3rd-largest economy on PPP basis for 2017 Jun 23, 2020 06:41 PM IST

    India retains its position as 3rd-largest economy on PPP basis for 2017

    PPP of the rupee per dollar at the gross domestic product (GDP) level rose to 20.65 in 2017 from 15.55 in 2011, while the exchange rate of a dollar to a rupee rose to 65.12 from 46.67 during the period.

  • Coronavirus pummels global economy, jobs - even without 2nd wave Jun 10, 2020 04:14 PM IST

    Coronavirus pummels global economy, jobs - even without 2nd wave

    If the coronavirus re-emerges later in the year, however, the global economy could shrink 7.6 percent, the OECD said.

  • Business Insight | How close is India to a recession? Jun 09, 2020 02:58 PM IST

    Business Insight | How close is India to a recession?

    In this edition of Business Insight, Moneycontrol's Gaurav Choudhury shares his insight on the World Bank report and will India slip into a full-blown recession

  • Global economy to plunge into worst recession since WW-II: World Bank Jun 08, 2020 09:52 PM IST

    Global economy to plunge into worst recession since WW-II: World Bank

    The COVID-19 recession is the first since 1870 to be triggered solely by a pandemic, World Bank President David Malpass said in his foreword to the latest edition of the Global Economic Prospect report released on Monday.

  • India economy to contract by 3.2% in FY21: World Bank Jun 08, 2020 08:46 PM IST

    India economy to contract by 3.2% in FY21: World Bank

    The World Bank revised its January projection on India by a massive -9% for 2020 and -3% for 2021.

  • PM Modi's private secretary Rajeev Topno moves to World Bank Jun 04, 2020 06:40 PM IST

    PM Modi's private secretary Rajeev Topno moves to World Bank

    Topno, a 1996 batch IAS officer of Gujarat cadre, will have three years tenure, it said.

  • Coronavirus to leave 'lasting scars" on developing world: World Bank Jun 02, 2020 09:25 PM IST

    Coronavirus to leave 'lasting scars" on developing world: World Bank

    In analytical chapters of its new Global Economic Prospects report, the bank said that the average emerging market country suffering a financial crisis could see potential output fall by 8 percent over a five year period, with lost output for developing oil exporters falling 11 percent.

  • Coronavirus pandemic: World Bank urges countries to go for comprehensive policies to boost long-term growth Jun 02, 2020 09:00 PM IST

    Coronavirus pandemic: World Bank urges countries to go for comprehensive policies to boost long-term growth

    The scope and speed with which the COVID-19 pandemic and economic shutdowns have devastated the poor around the world are unprecedented in modern times, World Bank Group President David Malpass said.

  • In Amartya Sen vs Jagdish Bhagwati debate, was Sen right after all? May 29, 2020 09:07 AM IST

    In Amartya Sen vs Jagdish Bhagwati debate, was Sen right after all?

    The COVID-19 pandemic brings a new perspective to the Sen vs Bhagwati 2014 debate.

  • World Bank approves $500 mn loan for Pakistan May 24, 2020 02:41 PM IST

    World Bank approves $500 mn loan for Pakistan

    “Political risks are high because COVID-19 response adds uncertainty to the relations among the federating units,” said the World Bank documents.

  • Indian economist appointed to key World Bank position in South Asia May 23, 2020 10:53 AM IST

    Indian economist appointed to key World Bank position in South Asia

    Jha's appointment comes at a time when Cyclone Amphan has badly hit West Bengal, Orissa in India and Bangladesh.

  • COVID-19 reveals strength of states to deal with crisis: World Bank official May 21, 2020 07:21 AM IST

    COVID-19 reveals strength of states to deal with crisis: World Bank official

    In an interactive session organised by industry body PHD Chamber, Ahmad said the economies of India and some neighbouring countries remain largely informal unlike the developed countries of the US and that in Europe.

  • World Bank says COVID-19 to push 60 million into poverty; announces $160 billion assistance to 100 countries May 20, 2020 12:40 PM IST

    World Bank says COVID-19 to push 60 million into poverty; announces $160 billion assistance to 100 countries

    "The pandemic and shutdown of advanced economies could push as many as 60 million people into extreme poverty -- erasing much of the recent progress made in poverty alleviation,” World Bank President David Malpass told reporters during a conference call on Tuesday.

  • World Bank says COVID-19 to push 60 million into poverty; announces $160 billion assistance to 100 countries May 19, 2020 09:55 PM IST

    World Bank says COVID-19 to push 60 million into poverty; announces $160 billion assistance to 100 countries

    The programs will reinforce healthcare systems; and also help procure vital life-saving medical equipment and supplies. And these programs contain mechanisms that allow other donors to rapidly expand the program, World Bank President David Malpass added.

  • World Bank approves $1 billion to support India's fight against COVID-19 May 15, 2020 11:35 AM IST

    World Bank approves $1 billion to support India's fight against COVID-19

    The response to the COVID-19 pandemic around the world has required governments around the world to introduce social distancing and lockdowns in unprecedented ways, said Junaid Ahmad, World Bank Country Director in India in a webinar interaction with the media.

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