World Bank

Over USD 157 billion deployed in last 15 months to fight Covid pandemic: World Bank

July 20, 2021 11:35 am

Grants loans to the world's poorest countries from the International Development Association (IDA) amount to USD 53.3 billion

World Bank estimates cost of rebuilding Gaza at $485 million

July 09, 2021 10:15 am

Gaza has been under a crippling Israeli and Egyptian blockade since Hamas seized power from rival Palestinians forces in 2007 and is still scarred from three previous wars between Israel and the Islamic militant group.

World Bank approves $500 million loan to support India's informal working class amid pandemic

June 30, 2021 6:02 pm

Of the USD 500 million commitment, USD 112.50 million will be financed by its concessionary lending arm International Development Association and USD 387.50 million will be a loan from International Bank for Reconstruction and Development (IBRD).

Andhra Pradesh introduces programme to transform foundational learning with World Bank aid

June 27, 2021 12:08 pm

The main objectives of the programme called Supporting Andhra’s Learning Transformation (SALT) are strengthening foundation schools and providing training and skill development to teachers, Andhra Pradesh Education Minister Audimulapu Suresh said.

World Bank rejects El Salvador request for help on bitcoin implementation

June 17, 2021 9:53 am

Earlier on Wednesday, Salvadoran Finance Minister Alejandro Zelaya said the Central America country had sought technical assistance from the Bank as it seeks to use bitcoin as a parallel legal tender alongside the U.S. dollar.

World Bank slashes India's growth forecast to 8.3% in FY22

June 09, 2021 12:27 pm

"India's recovery is being hampered by the largest outbreak of any country since the beginning of the pandemic," the World Bank said.

Congo volcano's lava flows short of Goma; 5 dead in crash

May 23, 2021 10:11 pm

Residents said there was little warning before the dark sky turned a fiery red, leading to fears that the eruption could cause the same kind of devastation as the last time in 2002 when hundreds died.

‘India needs policy-change reforms’

May 15, 2021 8:09 am

He cautioned, “India is de-globalising, not back to what it was before but more than the world is; owing to policy choices: increased protection and decreased attention to export competitiveness.”

World Bank, Gavi urge countries with excess COVID-19 vaccines to release them

April 13, 2021 8:09 am

Malpass expressed his desire to work closely with Gavi on a 2022 strategy, including helping expand vaccine production capacity for developing countries, the bank said in a statement.

IMF, World Bank urged to ensure timely delivery of safe and effective Covid vaccines across countries

April 10, 2021 7:18 am

Observing that a vibrant private sector will be essential for client countries to recover, create jobs, and embrace economic transformation, the communique urged the World Bank Group to continue its work to help crowd-in private capital and finance, and to support the private sector.

Will Ex-PepsiCo chief Indra Nooyi be the World Bank's next CEO?

June 22, 2020 6:05 pm

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

February 22, 2016 2:47 pm

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.

India has the same per capita income as Nigeria, Ghana and Kenya: Onno Ruhl

June 23, 2015 10:08 am