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New World Bank Chief Ajay Banga gets optimistic about India’s growth
World Bank chief Ajay Banga on Monday said that he has been extremely optimistic about India than now.
World Bank approves $255.5 million loan to improve India’s technical education
The World Bank’s Board of Executive Directors have approved a $255.5 million loan to help India improve the quality of its technical education.
World Bank holds India as one of the fastest growing economies, predicting its GDP growth to climb 6.3% in FY24
The biannual flagship publication of the World Bank in India, 'India Development Update' said that despite some signals of deceleration, India's economy remains robust.
World Bank chief David Malpass to step down by June-end
During David Malpass' four-year term at the World Bank, the organisation faced worldwide crises like as the Covid-19 outbreak and Russia's invasion of Ukraine, as well as an international economic slump.
Indian economy would grow at a strong 6.6% in FY24: World Bank
Even if the world is "perilously close" to entering a recession, there are "limited spillovers" to Asia's third-largest economy.
World Bank lowers its estimate of China’s growth to 2.7%
The World Bank reported that it reduced its forecast from the 4.3% anticipated in June to 2.7%. Additionally, it dropped its forecast for the next year from 8.1% to 4.3%.
World Bank raises its forecast for India’s GDP growth in FY23
World Bank predicts that India's inflation will be 7.1% in FY23.
Nirmala Sitharaman will attend annual meeting of the World Bank and IMF in US
Nirmala Sitharaman will be in town for the G20 Finance Ministers and Central Bank Governor (FMCBG) meetings as well as the Annual Meetings of the World Bank and the International Monetary Fund (IMF).
India’s FY23 GDP growth projection is reduced by the World Bank to 6.5%
The Reserve Bank of India (RBI) also reduced its forecast for the current financial year, from 7.2% to 7%, shortly after the World Bank cut its estimate of India's growth.
Developing nations to face post-COVID fragility in financial sector: World Bank
Developing nations were worst hit by the global economic recession due to the pandemic. A looming debt crisis could make things much devastated, according to the report.
Pakistan faces its worst economic crisis in history as foreign debts mount up: Report
As per the report, the country is facing mounting foreign debt which will make it liable to require gross external financing of USD 51.6 billion within a two-year period in order to fulfil its needs.
India, World Bank signs $250 million project for safety of existing dams
The dam safety management would be transformed by another major innovation of the project which would introduce a risk-based approach to it which would help to effectively allocate financial resources towards the importance of dam safety needs.
IMF, World Bank to prioritise vaccine access to end pandemic
IMF and World Bank are now focusing on getting vaccines to poor countries to keep the pandemic from derailing the global economic recovery.
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