Page 21 - World Bank

World Bank raises 2016 oil price forecast on supply outages, robust demand

Raises forecast to $43 from $41 currently on the back of recent developments

World Bank for China healthcare reform

The report makes a strong case for a new model that would both improve quality and save the economy up to 3% of GDP: Jim Yong Kim

World Bank vows to extend full assistance to Sri Lanka

World Bank's total assistance for city development activities in Sri Lanka was US$ 202 million

'Ease of doing biz' shown to World Bank

To showcase ease of doing business hoping for a better ranking in World Bank annual report

Romer to succeed Basu as World Bank chief economist

Paul Romer is a New York University professor and economist and also a director of the Marron Institute of Urban Management

Maharashtra seeks $600-million loan from World Bank

State has sought the loan for a water conservation project to be implemented in 20,000 drought-hit villages

World Bank pins hopes on monsoon for 7.6% growth

Growth would gradually recover to 7.7% next year and 7.8% in 2018-19

World Bank retains 7.6% growth rate for India in 2016-17

Dissipation of large boost from historically low oil prices in past year will make this a challenging task, but prospects of a normal monsoon will help, it added

India records 10 year low in public private investments: World Bank

According to World Bank's latest annual report, global investment in 2015 decreased to $111.6 billion

Wide-angle view of India's economy

The World Bank has forecast India's economy to grow 7.6 per cent in 2016-17, which is not only 0.2 percentage-points lower than its earlier prediction in January, but also the same as witnessed in 2015-16. Next two years - 2017-18 and 2018-19 - would also see India growing at 7.7 per cent; the growth rates, which are 0.2 percentage-points lower than earlier projections and represent only a marginal improvement over 2016-17. However, in the global context, India would still be the fastest growing major economy. Though growth forecasts for China were retained, the growth rates for the country would decline from 2015 onwards to 2019. Global economy would also grow 2.4 per cent in 2016, a 0.5 percentage-point lower than earlier predictions by the multilateral agency and at the same rate witnessed in 2015. The global growth rates would improve in the next two years, though at a slower pace than was expected earlier

World Bank cuts forecast for India's growth to 7.6-7.7%

Cautions India against notable headwinds

World Bank to offer $9.2 million grant for city bus projects

To improve city transport system and reduce greenhouse gas emission

India now a 'lower-middle-income' economy for World Bank

Afghanistan, Bangladesh and Nepal are low-income economies, Pakistan and Sri Lanka fall under lower-middle-income

India signs $100 mn loan agreement with World Bank

To provide access to a continuous piped water supply in various cities in Karnataka

World Bank approves $625-mn aid for India's solar programme

These solar PV installations, will provide clean, renewable energy, and reduce GHG emissions by displacing thermal generation

Economies could shrink by mid-century due to scarce water: World Bank

The West Asia could be hardest hit, with its GDP slipping as much as 14% by 2050.

Indian apparel industry to gain 1.2 mn jobs as prices rise in China: World Bank report

The report showed that a 1% increase in Chinese apparel prices could improve EU demand for Indian products by 1.9%.

World Bank raises crude oil forecast for 2016

Sets a new target of $41 a barrel from its current level of $37; downgrades outlook for other commodities

World Bank projects Chinese economy to grow 6.7% in 2016

The apex bank expects growth in East Asia to ease from 6.5% in 2015 to 6.3% in 2016.

India leads emerging economies in growth chart: World Bank

India may officially surpass China in its growth rate as it is now leading major emerging economies in growth chart, according to latest World Bank figures. "With an expected growth of 7.5 per cent this year, India is, for the first time, leading the World Bank's growth chart of major economies," said Kaushik Basu, World Bank Chief Economist and Senior Vice President after the release of the latest Global Economic Prospects (GEP) report yesterday. China is projected to grow at 7.1 per cent. Developing countries are now projected to grow by 4.4 per cent this year, with a likely rise to 5.2 per cent in 2016, and 5.4 per cent in 2017, the report said. In China, the carefully managed slowdown continues, with growth likely to moderate to a still robust 7.1 per cent this year. In India, which is an oil importer, reforms have buoyed confidence and falling oil prices have reduced vulnerabilities, paving the way for the economy to grow by a robust 7.5 per cent rate in 2015, the report ...