World Bank
- Pakistan
Pakistan’s economy on edge of precipice, warns World Bank
Islamabad: Pakistan is in its tipping point crisis where it should decide to remain a laggard with 40 per cent population living below the poverty line under elite capture and policy decisions…
- India
World Bank President Ajay Banga to travel to India next week to attend G20 meeting
Washington: World Bank President Ajay Banga will travel to India next week to attend the G20 Finance Ministers and Central Bank Governors Meeting in Ahmedabad, Gujarat, according to the development lender. This…
- India
World Bank approves over USD 255 mn loan to improve technical education in India
New Delhi: The World Bank has approved a USD 255.5 million loan to assist India in raising the standard of its technical education and expanding the number of jobs prospects available to…
- India
World Bank approves $150 mn loan to support Resilient Kerala Program
Thiruvananthapuram: The World Bank’s Board of Directors has approved a $150 million loan to support the Resilient Kerala Program to continue strengthening the state’s preparedness against natural disasters, climate change impacts, and…
- Pakistan
Pakistan’s economy to grow by 2% in the next fiscal year: World Bank
Islamabad: The World Bank has projected Pakistan’s economy to grow by two per cent in the next fiscal year, much lower than the 3.5 per cent target set by the country’s top economic…
- India
Indian American Ajay Banga takes over as World Bank President
Washington: Indian American Ajay Banga on Friday took over as the President of the World Bank, making him the first person of colour to head either of the two global financial institutions,…
- Middle East
UAE non-oil economy to grow 4.8% in 2023: World Bank
Abu Dhabi: The World Bank has projected that the real GDP of the UAE will grow by 2.8 percent in 2023, as the non-oil sector is expected to achieve strong growth of…
- India
Ajay Banga becomes World Bank chief unopposed
Washington: Indian-American business leader Ajay Banga was on Wednesday appointed as the next President of the World Bank, which said it looks forward to working with him on the World Bank Group…
- World
World Bank approves $1.25 bn financing for Bangladesh
Dhaka: The World Bank has discussed a new Country Partnership Framework (CPF) for Bangladesh, spanning from 2023 to 2027, and approved $1.25 billion financing in three new projects, the lender said. Of…
- India
India projected to grow at 7% in 2022-23, says Sitharaman at IMF meet
New Delhi: Finance Minister Nirmala Sitharaman on Friday said that with both the International Monetary Fund (IMF) and the World Bank having projected India as the fastest growing major economy in 2023,…
- India
India concerned about global economic outlook: Nirmala Sitharaman
New Delhi: Union Finance Minister Nirmala Sitharaman said that despite this year’s projected growth rate of over 6 per cent for the Indian economy, it remains concerned about the global economic outlook…
- World
New Zealand Finance Minister to attend World Bank, IMF meetings in US
Auckland: Grant Robertson departs this evening for Washington DC to attend the spring meetings of the World Bank and the International Monetary Fund. The annual meetings bring together finance ministers, central bankers…
- India
World Bank cuts India’s GDP growth to 6.3% for 2023-24
New Delhi: India’s GDP is expected to slide down to 6.3 per cent in 2023-24 as against its earlier estimate of 6.6 per cent, mainly due to consumption falling owing to higher…
- World
China’s loans to Africa worries World Bank President
London: World Bank President David Malpass has said he is concerned about some of the loans China has been making to developing economies in Africa, according to a media report. David Malpass…
- World
Indian-American Ajay Banga sole nominee to lead World Bank
Washington: The World Bank has said that Indian-American Ajay Banga is the only candidate nominated for the President’s position as the nomination period closed on March 29. The World Bank announced that…
