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'GST, demonetisation may have heightened risks for poorest': World Bank cuts growth projection to 6%
While India has been relatively hit hard by the recent global slowdown, World Bank's Chief Economist for South Asia Hans Timmer told PTI that it's still a "fast-growing economy."
World Bank to investigate if China loan funded Muslim detention camps
The review comes amid growing global concern that China has detained 1 million or more Muslim Uighurs and placed them in “reeducation” camps where they are forced to renounce their religious beliefs and embrace the ideology of the Communist Party.
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World Bank study on PMGSY: ‘Rural roads scheme triggered shift from farm to non-farm employment’
PMGSY was rolled out in 2000 to provide access to all-weather roads in 1.78 lakh rural habitations across the country.
Explained: Will work stop at Amaravati after World Bank withdraws funding?
The new YSR Congress Party can still go ahead with the construction because the Centre allocates funds for various projects under the Amravati Capital City project.
World Bank drops $300 million in funding for Amaravati Capital City project
Several NGOs have been opposing the previous Telugu Desam Party (TDP) regime’s plans to build the capital by acquiring land from farmers and protested against development very near to the Krishna riverbank.
World Bank to offer $250 million to Kerala for disaster management
The announcement was made during “Rebuild Kerala: Development partners' conclave,” a meeting of various funding agencies for rebuilding flood-ravaged Kerala.
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Cash-strapped Pakistan inks 3 loan deals worth USD 918 mn with World Bank
Pakistan is seeking help from multiple lenders like the IMF, the World Bank and the ADB to overcome a ballooning balance of payments crisis.Last month, it reached an agreement in principle with the International Monetary Fund (IMF) for a three-year, USD 6 billion bailout package aimed at shoring up its finances and strengthening a slowing economy.
World Bank retains India's growth rate at 7.5% for FY19-20
A slowdown in government consumption was offset by solid investment, which benefitted from public infrastructure spending.
World Bank downgrades its forecast for global economy
World Bank expects the economy to grow 2.6% this year. That would be the slowest calendar-year growth since 2016, and it is down from the 2.9% expansion the agency forecast in January.
World Bank CEO emerges as contender to lead next EU commission
The process will step up a gear after elections to the European Parliament next week and leaders will start to narrow down their options at another summit scheduled for May 28 in Brussels.
World Bank Videos
Will Ex-PepsiCo chief Indra Nooyi be the World Bank's next CEO?
Ex-PepsiCo CEO Indra Nooyi is reportedly among the frontrunners for the post of World Bank CEO. US President Donald Trump is considering multiple candidates to nominate for the post and Nooyi's name is reportedly being considered.
World Bank to aid Rajasthan's energy sector
Jaipur, Feb 22 (ANI): The World Bank would be extending its cooperation to the Rajasthan government in the area of energy sector. World Bank Country Director Onno Ruhl spoke to Rajasthan Chief Minister Vasundhara Raje and her cabinet ministers to discuss these issues in detail. Ruhl congratulated Raje on the success of decreasing the rate of defecation in the open. He also stressed on the use of traditional forms of energy while maintaining that the focus was on alternative forms of energy. Chief Secretary C S Rajan, Principal Secretary (Energy) Sanjay Malhotra, State Power Distribution Companies Chairman Bhaskar A Sawant, Organising Secretary Akhil Arora and World Bank Special Project Manager Mandakini Pal were present on the occasion.
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India has the same per capita income as Nigeria, Ghana and Kenya: Onno Ruhl
In this Idea Exchange, World Bank India – Country Director Onno Ruhl speaks about the state of social indicators in India, dealing with the Maoist issue, on the ease of doing business here, fund cuts to NGOs and the difference between the previous and the current governments
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