Page 13 - World Bank

Covid-19 can push 60 million into poverty, adopt comprehensive policies: WB

The scope and speed with which the Covid-19 pandemic and economic shutdowns have devastated the poor around the world are unprecedented in modern times, World Bank Group President David Malpass said

Needed: Global Risk Pooling Reserve Fund

According to the World Bank, 60 million people worldwide will fall back into extreme poverty as a result of the severe economic crisis unleashed by Sars-CoV-2

The economic crisis and India's role in post-coronavirus multilateralism

The world gross domestic product is expected to contract by 3%, international trade may decline by up to 32%, and 49 million people could slip into extreme poverty

Covid-19 crisis: World Bank to rescue with $160-billion aid to 100 nations

'Covid, shutdown may push as many as 60 mn people into extreme poverty'

Covid-19 updates: FM Sitharaman on stimulus 6.0, Trump's 'badge of honour'

Trump told reporters in a cabinet meeting that the high number of cases in the US is a "badge of honour", because it means the US is testing the most

World Bank approves $1-bn loan to India amid coronavirus outbreak

This takes the total commitment from the World Bank towards emergency Covid-19 response in India to $2 billion.

World Bank approves $1 bn to support India's fight against coronavirus

This takes the total commitment from the World Bank towards emergency Covid-19 response in India to $2 billion.

A community behind the curve

With resources more scarce than ever, it is vital the government implemented the Sachar Committee's recommendations in earnest

Need to be cautious about slipping into permit Raj: Kaushik Basu

With a record capital outflow of $16 bn in March, the biggest in a month, India must be careful about the future, he said

AIIB extends $500 mn loan to India to deal with coronavirus crisis

The bank's board of directors has approved a loan to India to strengthen the preparedness of the country's national health system

A better world after Covid?

It is time to shrug off the ideological shackles about the way we work, play and live

Remembering Deepak Lal: The last of the true intellectuals?

Deepak put a lot of premium on evidence, hard evidence, and was a pioneer in thinking about poverty and inequality

Covid pandemic could fuel fresh interest in diaspora bonds: World Bank

World Bank officials warned that developing economies could suffer close to 3% decline in economic output

Lockdown, job loss impacted 40 mn migrant workers in India: World Bank

Due to the global recession caused by Covid-19, remittances to India are likely to drop by 23 per cent from $83 billion last year to $64 billion this year, the report said

IMF, World Bank release funds to aid Covid-19 battle: These nations benefit

More than 2.14 million people in more than 210 countries and territories have been reported to be infected by the coronavirus globally, and as many as 143,744 have died so far

Coronavirus impact: Over 100 million Indians could fall below poverty line

Job losses, destruction of informal sector and inadequate government support could push India back by a decade in poverty-reduction progress

IMF needs to maintain global financial stability amid Covid-19: Sitharaman

Sitharaman, in her intervention, outlined various measures taken by India to deal with the health emergency

Coronavirus crisis: G-20 meeting of health, finance ministers soon

However, a senior government official said on condition of anonymity that the meeting could be held in a matter of few weeks, rather than months

India GDP projections by World Bank, IMF too optimistic: Ex-CEA Subramanian

As per the World Bank's latest assessment, India is expected to grow 1.5 per cent to 2.8 per cent during the current fiscal due to the impact of the Covid-19 pandemic and consequent lockdown

Amid dire economic forecasts, an urgent govt response is awaited

An economic relief package from the govt is overdue