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  • UIDAI working with World Bank, UN to take Aadhaar tech overseas Dec 02, 2021 10:22 PM IST

    UIDAI working with World Bank, UN to take Aadhaar tech overseas

    UIDAI CEO Saurabh Garg also said the authority is forming an advisory board for different sectors for enrolments, authentication, customer relationship management, among others.

  • West Bengal secures $135 million World Bank loan to upgrade rural power distribution network Dec 01, 2021 12:55 PM IST

    West Bengal secures $135 million World Bank loan to upgrade rural power distribution network

    The IBRD and its concessional lending arm, the International Development Association (IDA), are collectively also called the World Bank. The variable spread loan ?or floating interest loan ?will have a maturity of 17 years, including a grace period of seven years and will aim to strengthen distribution networks, invest in smart-grid technologies, and ensure financial sustainability of the state discom.

  • Britain to back $1 billion World Bank green loan to India: Report Nov 01, 2021 04:05 PM IST

    Britain to back $1 billion World Bank green loan to India: Report

    The announcement is likely to be made during the United Nations COP26 summit in Glasgow, Scotland, which has been billed as a make-or-break chance to save the planet from the most calamitous effects of climate change.

  • Government reappoints Shaktikanta Das as RBI Governor for 3-years Oct 29, 2021 07:20 AM IST

    Government reappoints Shaktikanta Das as RBI Governor for 3-years

    Shaktikanta Das also served as India’s Alternate Governor in the World Bank, Asian Development Bank (ADB), New Development Bank (NDB) and Asian Infrastructure Investment Bank (AIIB)

  • China urges World Bank, IMF to help Afghanistan Oct 28, 2021 09:43 AM IST

    China urges World Bank, IMF to help Afghanistan

    The Taliban takeover in August saw billions of dollars in central bank assets frozen and international financial institutions suspend access to funds, although humanitarian aid has continued.

  • Covid-19 stimulus will continue, says Finance Minister Nirmala Sitharaman Oct 19, 2021 12:14 PM IST

    Covid-19 stimulus will continue, says Finance Minister Nirmala Sitharaman

    Reiterating the Reserve Bank of India’s (RBI) economic policy outlook, Nirmala Sitharaman highlighted the need to keep policy easy as the country recuperates from the pandemic.

  • World Bank president David Malpass congratulates India on successful COVID-19 vaccination campaign Oct 17, 2021 08:29 AM IST

    World Bank president David Malpass congratulates India on successful COVID-19 vaccination campaign

    In a meeting with Sitharaman here, Malpass reaffirmed the Washington-based international financial institution's strong commitment to India across all World Bank Group entities, including the International Finance Corporation and the Multilateral Investment Guarantee Agency.

  • Nirmala Sitharaman discusses post-pandemic economic recovery, other issues with World Bank chief Oct 16, 2021 12:04 PM IST

    Nirmala Sitharaman discusses post-pandemic economic recovery, other issues with World Bank chief

    ''Both sides discussed various issues including #COVID #vaccination, #economicrecovery, preparations for #CoP26, initiative of #WBG for increasing lending space for India, IDA 20 replenishment, knowledge partnership with @WorldBank,'' Finance Ministry said in a series of tweets.

  • Indian economy is recovering from COVID-19 crisis; says World Bank President Oct 13, 2021 08:34 PM IST

    Indian economy is recovering from COVID-19 crisis; says World Bank President

    Malpass also said that India, which faces huge challenges of integrating more people into the formal sector economy and raising the earnings of the people, has made some progress but that's not enough.

  • UN, World Bank, IMF in need of urgent reforms: Finance Minister Nirmala Sitharaman Oct 13, 2021 11:33 AM IST

    UN, World Bank, IMF in need of urgent reforms: Finance Minister Nirmala Sitharaman

    During the conversation with Professor at Harvard University Lawrence Summers at the talk organized by the Mossavar-Rahmani Center for Business and Government, Nirmala Sitharaman said “while reforms in countries are happening in different stages, these global institutions have remained the way they have been for the last several decades”.

  • World Economic Outlook| IMF foresees a slight drop in global growth from coronavirus pandemic Oct 12, 2021 06:46 PM IST

    World Economic Outlook| IMF foresees a slight drop in global growth from coronavirus pandemic

    The IMF predicts that for the world's advanced economies as a whole, growth will amount to 5.2% this year, compared with a meager predicted gain of 3% for low-income developing countries.

  • Growth is biggest challenge for emerging economies: World Bank chief economist Carmen Reinhart Oct 12, 2021 07:26 AM IST

    Growth is biggest challenge for emerging economies: World Bank chief economist Carmen Reinhart

    Economic growth was essential for poverty reduction, as well as creating government revenues to use for fiscal space, social safety nets and the provision of public goods, said Carmen Reinhart, the World Bank’s chief economist.

  • World Bank chief calls for 'comprehensive' debt relief for poor countries Oct 11, 2021 07:11 PM IST

    World Bank chief calls for 'comprehensive' debt relief for poor countries

    The situation is urgent since the Debt Service Suspension Initiative (DSSI) launched by G20 nations early last year, allowing countries to defer debt payments while dealing with the pandemic, expires at the end of the year.

  • FM Nirmala Sitharaman embarks on week-long US visit to attend G-20, World Bank meetings Oct 11, 2021 12:00 PM IST

    FM Nirmala Sitharaman embarks on week-long US visit to attend G-20, World Bank meetings

    During the official visit to the US, Sitharaman is expected to meet US Treasury Secretary Janet Yellen.

  • India expected to grow by 8.3% in 2021-22: World Bank Oct 08, 2021 03:09 PM IST

    India expected to grow by 8.3% in 2021-22: World Bank

    The latest South Asia Economic Focus titled ‘Shifting Gears: Digitization and Services-Led Development’ projects the region to grow by 7.1 per cent in 2021 and 2022.

  • World Bank approves $150 million loan for Tamil Nadu Oct 01, 2021 07:21 PM IST

    World Bank approves $150 million loan for Tamil Nadu

    The $150 million 'Chennai City Partnership: Sustainable Urban Services Program' will help strengthen institutions, improve the financial health of service agencies, and drive significant improvements in the quality of four key urban services -- water supply and sewerage, mobility, health, and solid waste management, the World Bank said in a statement.

  • World Bank says Delta variant slowing economic growth in East Asia and Pacific Sep 28, 2021 07:32 AM IST

    World Bank says Delta variant slowing economic growth in East Asia and Pacific

    Economic activity began to slow in the second quarter of 2021, and growth forecasts have been downgraded for most countries in the region, according to the World Bank’s East Asia and Pacific Fall 2021 Economic Update.

  • Explained | The World Bank controversy that killed the Doing Business Report Sep 20, 2021 10:20 AM IST

    Explained | The World Bank controversy that killed the Doing Business Report

    An internal audit found that Chinese influence at the World Bank led to data manipulation and ultimately a rigged national ranking for China in past Ease of Doing Business indexes. While the regulators investigate the matter and the global investor community remains dazed at the findings, Moneycontrol looks at what this means for India.

  • 'Shocking': Former World Bank economist Kaushik Basu on manipulation of Doing Business ranking Sep 18, 2021 11:38 AM IST

    'Shocking': Former World Bank economist Kaushik Basu on manipulation of Doing Business ranking

    The World Bank Group on September 16 said it ended publication of its Doing Business report, after an investigation cited "undue pressure" by top bank officials.

  • IMF chief Kristalina Georgieva denies altering World Bank report to appease China Sep 17, 2021 10:18 AM IST

    IMF chief Kristalina Georgieva denies altering World Bank report to appease China

    Based on the findings, the World Bank announced that it was immediately discontinuing its Doing Business report after the investigation found irregularities in the 2018 and 2020 editions.

  • World Bank kills business climate report after ethics probe cites 'undue pressure' on rankings Sep 16, 2021 10:56 PM IST

    World Bank kills business climate report after ethics probe cites 'undue pressure' on rankings

    The Doing Business report assesses regulatory environments, ease of business startups, infrastructure and other business climate measures.

  • Over $157 billion deployed in last 15 months to fight COVID-19 pandemic: World Bank Jul 20, 2021 08:25 AM IST

    Over $157 billion deployed in last 15 months to fight COVID-19 pandemic: World Bank

    "Since the start of the pandemic, the World Bank Group has committed or mobilised a record USD 157 billion in new financing, an unprecedented level of support for an unprecedented crisis," World Bank Group President David Malpass said.

  • Exclusive | Deadlock on vaccine waiver issue at WTO continues at latest meet Jul 09, 2021 12:38 PM IST

    Exclusive | Deadlock on vaccine waiver issue at WTO continues at latest meet

    Rich nations oppose suspension of global intellectual property rights of COVID-19 vaccine manufacturers. The latest development may derail the August deadline to conclude talks.

  • World Bank gives $150 million to Yemen projects amid aid shortfall Jul 01, 2021 01:24 PM IST

    World Bank gives $150 million to Yemen projects amid aid shortfall

    Yemen had been the poorest country in the World Bank's Middle East and North Africa region before war broke out more than six years ago, plunging the country into what the United Nations describes as the world's largest humanitarian crisis.

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