World Bank
- World
Ajay Banga poised to become World Bank chief unopposed
Washington: Indian-American business leader Ajay Banga is poised to become the next President of the World Bank after the nomination period closed and no country proposed an alternate candidate for the prestigious…
- Middle East
World Bank pledges $500M to support Lebanon’s vulnerable population, agri
Beirut: The World Bank announced that it will allocate about $300 million this year to provide social protection to Lebanon’s vulnerable population and invest $200 million in the country’s agriculture sector. Ferid…
- India
India lends support to Ajay Banga’s nomination for World Bank President post
New Delhi: India on Thursday extended support to the candidature of Ajay Banga as World Bank President, saying his nomination comes at a time when the multilateral lending agency is considering next-generation…
- World
With Banga nomination, top World Bank positions to held by Sikhs
Washington: With US President Joe Biden nominating Ajay Banga, the former Indian American head of Mastercard, to head the World Bank, the top posts in the global financial institution will be held…
- Hyderabad
Ajay Banga, one of the illustrious alumni of Hyderabad Public School
Hyderabad: Ajaypal Singh Banga, who has been nominated by US President Joe Biden to lead the World Bank, is one of the illustrious alumni of Hyderabad Public School (HPS) who achieved top…
- World
Biden nominates Indian-American Ajay Banga for World Bank president
Washington: President Joe Biden on Thursday announced that the US is nominating Ajay Banga to lead the World Bank, saying the Indian-American business leader is uniquely equipped to lead the global institution…
- India
B V R Subrahmanyam appointed as the new Niti Aayog CEO
New Delhi: Former IAS officer B V R Subrahmanyam was on Monday appointed as the Chief Executive Officer (CEO) of Niti Aayog replacing Parameswaran lyer, who has been named as the Executive…
- India
IWT: India questions World Bank’s decision to start two separate processes
New Delhi: India on Thursday questioned the World Bank’s decision to appoint a Court of Arbitration and a neutral expert under two separate processes to resolve differences between New Delhi and Islamabad…
- Pakistan
WB delays loans approval for Pakistan
Islamabad: Pakistans worsening economic situation, political uncertainty and reluctance of the current government to fulfil the pre-conditions to revive the IMF programme, coupled with delays in taking these decisions has added to…
- Middle East
FAO receives World Bank grant to support resilience projects in Yemen
Rome, Dec 14 (IANS) The Rome-based Food and Agriculture Organization (FAO) said that it received a new grant worth $150 million to help fund assistance to vulnerable households in war-torn Yemen. The…
- Pakistan
Pakistan’s total external debt stocks by 2021 stood at USD 130.43 billion: World Bank
Islamabad: The World Bank has estimated Pakistan’s total external debt stocks stood at USD 130.433 billion by end-2021 in comparison to USD 115.695 by the end-2020, Business Recorder, reported. In its latest…
- Business
World Bank upgrades India’s GDP growth to 6.9% for current fiscal
New Delhi: The World Bank on Tuesday expressed optimism that India’s real GDP would grow at 6.9 per cent in the current fiscal, an improvement from its previous projection of 6.5 per…
- India
India to receive over record USD 100 billion in remittances in 2022: World Bank
Washington: Retaining its spot as the world’s top recipient of remittances, migrant workers from India are set to send home a record USD 100 billion in 2022, despite global headwinds like rising…
- World
Bangladesh needs up to $12.5 bn for climate action: World Bank
Dhaka: Bangladesh will need at least $12.5 billion, approximately 3 per cent of its gross domestic product (GDP), in the medium term for climate action, according to a World Bank report. Financing…
- World
World Bank steps in to mediate India-Pak water dispute
Islamabad: The World Bank announced the beginning of two parallel legal processes to address Pakistan’s concerns over two hydropower projects on the western rivers by India in violation of the Indus Basin…
