Page 11 - World Bank

Pandemic to keep Asia's growth at lowest since 1967, warns World Bank

The bank said the region this year is projected to grow by only 0.9%, the lowest rate since 1967

World Bank's IFC adopts climate rules to deter lenders from backing coal

IFC, which owns equity stakes in many large commercial banks in emerging markets, hopes the restrictions will trigger other investors to exit the coal sector

Global economic recovery may take five years: World Bank chief economist

"There will probably be a quick rebound as all the restriction measures linked to lockdowns are lifted, but a full recovery will take as much as five years," Carmen Reinhart said

Global economic recovery may take five years: World Bank chief economist

The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank's chief economist Carmen Reinhart said on Thursday.

India ranked at 116th position in World Bank's Human Capital Index

India has been ranked at the 116th position in the latest edition of the World Bank's annual Human Capital Index that benchmarks key components of human capital across countries

Senior bureaucrat Rajesh Khullar appointed Executive Director, World Bank

Senior bureaucrat Rajesh Khullar has been appointed as Executive Director, World Bank, Washington, a Personnel Ministry order issued on Monday said

International Solar Alliance signs MoUs with NTPC, MNRE and World Bank

Ministry of New and Renewable Energy along with World Bank will design the plan for implementing 'One Solar One World and One Grid'; NTPC will implement the solar projects in 47 ISA member countries

World Bank cancels $224 million loan to Lebanon for Bisri Dam Project

The World Bank has canceled $224 mn loan to the government of Lebanon for the proposed Bisri Dam Project because it failed to fulfil preconditions required before the funds were disbursed

Much ado about nothing: What India's ease of biz ranking won't tell you

The WB's suspension of the Index will deal a minor blow to the Indian government because the credibility of the rankings, which the government was trumpeting, is now in tatters

World Bank pauses publication of Doing Business Report over data issues

Speculations on India's recent rise in ranking, but the World Bank says countries affected appear to be Azerbaijan, China, Saudi Arabia and United Arab Emirates

World Bank suspends ease of doing biz report over 'data irregularities'

The WB said in a statement that it would conduct a systematic review of data changes in the last five Doing Business reports, and independent auditors will probe data collection and review processes.

World Bank holds release of Doing Business report over data irregularities

The World Bank has announced to halt the publication of the 'Doing Business' report as irregularities have been reported in the changes to the data published in October 2017 and 2019

World Bank holds Ease Doing Business report over data irregularities

In a statement, World Bank said over the 17 years of its existence, the Doing Business report has been a valued tool for countries seeking to measure costs of doing business

China and the United States of America: The 21st Century's Great Game

For China, the global war for influence is about trading partners. For the US, it could mean something more volatile

World Bank sees higher GDP fall in India than 3.2% it projected for FY21

Cautions against using tariff policy to attract firms from China; says there is credit risk as economy slows and half India's population may fall back into poverty

Implement reforms in key areas to reverse slowdown: World Bank to India

The fiscal deficit of the Central government is likely to increase to 6.6 per cent of GDP in FY20/21 and is expected to remain elevated at 5.5 per cent in the following year, says the report

Govt constructing dewatering pump stations under World Bank scheme in J&K

In a bid to prevent flooding in low-lying areas, the government along with the Jammu and Kashmir Economic Reconstruction Agency has started a project to upgrade 49 hi-tech dewatering pump stations

World Bank arm invests $10 mn in venture capital firm Endiya Partners

Funding helps Endiya portfolio companies with financial and strategic support

IWT: World Bank says can't appoint neutral expert or Court of Arbitration

WB has expressed its inability to take an independent decision on the appointment of a neutral expert or a Court of Arbitration for the settlement of Indus water dispute between India and Pakistan

Novavax signs Covid-19 vaccine supply deal with India's Serum Institute

The Indian drugmaker will have exclusive rights for the vaccine in India during the term of the deal