Page 10 - World Bank

World Bank approves 4 development projects in India worth $800 mn

The World Bank on Wednesday approved four India projects worth over USD 800 million to support development initiatives.

Covid-19 could push 72 mn children into 'learning poverty', says World Bank

The Covid-related school closures risk pushing 72 million more primary school aged children into "learning poverty" - meaning that they are unable to read and understand a simple text by age 10

James Wolfensohn, who served as World Bank president, dies at 86

Current IMF Managing Director Kristalina Georgieva mourned the passing of her friend, mentor and former boss.

World Bank to advise DIPAM on monetising non-core assets, enemy property

DIPAM is mandated with facilitating monetisation of non-core assets of the public sector units under strategic disinvestment or closure, and enemy property of Rs 100 crore and above

NCML to invest Rs 506 cr in grain silos in India, IFC to back the project

NCML will develop these grain silos at seven locations in Punjab, Haryana and Uttar Pradesh under a 32-year concession agreement awarded by FCI

World Bank cautions against fake credit, debit cards with its name, logo

The advisory came after its attention was drawn to such fraudulent issuance of debit/credit cards in India, according to the multilateral lending agency

Covid-19: Remittances to India to drop by 9% in 2020, says World Bank

India followed by China, Mexico, the Philippines, and Egypt continue to be the top five countries in 2020 to receive foreign remittances, the World Bank said in its latest report

Cabinet approves Rs 10,000 crore project to improve dams in India

India is the third ranked country in terms of total number of dams, next after the US and China

FATF Grey List: Why Pakistan must introspect on its efforts to check terror

Pakistan is unlikely to exit the Financial Action Task Forces (FATF) grey list as it has been unable to comply with six of the 27 points in the global watchdogs action plan, according to reports

The new orthodoxy

Developed countries may be permanently ending austerity

India took host of measures to combat Covid-19 impact: FM to World Bank

Sitharaman on Friday said the government has taken a host of initiatives, including a stimulus package totalling 10 per cent of the country's GDP and major reforms in the labour sector

Top headlines: Govt staff to get more pay, Tata chases e-commerce deals

From Tata eyeing stake in e-commerce firms to bolster retail segment to World Bank declaring Covid as a catastrophe, Business Standard Brings you top news of the evening

J&K govt seeks Rs 367 cr from World Bank to fund healthcare institutions

The Jammu andKashmir government has submitted a comprehensive proposal seeking over Rs 367 crore funding from the World Bank for strengthening of healthcare institutions including dedicated COVID hospitals and ICUs and procurement of critical care ambulances in the union territory, senior health officials said. The proposal has been prepared by the health and medical education department with the objective of providing state-of-the-art medical services and facilities to people living in urban areas as well as the remotest parts of the union territory, they said. "A comprehensive proposal was formulated amounting to Rs 367.48 crore (approximately US$ 50 million) and submitted for funding from World Bank," Financial Commissioner Health and Medical Education, J&K, Atal Dulloo told PTI. Jammu and Kashmir does not have a major or middle-level chain of hospitals on the lines of those operating in the rest of the country, except Batra hospital in the private sector. A latest report on ...

World experiencing worst recessions since Great Depression due to Covid: WB

World Bank President David Malpass said that given the extent of the economic contraction, there was a rising risk of disruptive debt crises in countries

World Bank approves $12 bn to help developing countries get Covid vaccines

The World Bank approved USD 12 billion to help developing countries purchase novel coronavirus (COVID-19) vaccines and treatments, the organization said in a statement

As World Bank faces scrutiny, UN chief warns lenders over fossil fuels

Guterres urged a coalition of finance ministers and economic policymakers from dozens of countries to ensure development banks end fossil fuel investments and boost renewable energy

School closure may cost $400 bn to India, cause learning losses: World Bank

The prolonged closure of schools due to Covid-19 in India may cause a loss of over $400 billion in the country's future earnings, besides substantial learning losses, according to a World Bank report

World Bank to support enterprises in Uttar Pradesh under ODOP scheme

The ODOP scheme was launched in 2018 to promote the state's traditional and indigenous industries under the MSME sector by providing funding, training, marketing support etc

By 2021, as many as 150 mn people likely to be extreme poor: World Bank

The World Bank on Wednesday warned that by 2021, as many as 150 million people are likely to be in extreme poverty because of the coronavirus pandemic

World Bank seeks board approval for $12 bn Covid-19 vaccine financing plan

Malpass told Reuters in an exclusive interview that the initiative, part of $160 billion in coronavirus aid financing pledged by the multilateral lender, is aimed at helping countries procure vaccine