Page 6 - World Bank

India expected to grow by 8.3% in 2021-22: World Bank

South Asia's average annual growth is forecast to be 3.4 per cent over 2020-23

WB flags under-reporting of Covid deaths in India, other S Asian nations

World Bank retains India's GDP growth projection at 8.3% for FY22, cautions any global slowdown due to Covid waves may pull it down

IMF chief Georgieva facing data-rigging allegations defends actions

The head of the International Monetary Fund has said a report alleging she had a role in data-rigging at the World Bank when she was a top official there was not an accurate representation of events

Needn't wait for widespread Covid vaccination to reopen schools: World Bank

World Bank's Education team has noted that experiences from countries around world where schools have reopened suggest that with adequate mitigation strategies, schools pose low risks

IMF board to grill investigators, Georgieva on data-rigging claims: Report

IMF executive board will intensify its probe of MD Kristalina Georgieva this week by separately interviewing her and investigators who said she pressured World Bank staff to alter data to favor China

World Bank lifts China view, slashes Asia outlook on Delta wave

Pandemic may do lasting damage in Asia Pacific, says lender

World Bank says Delta variant slowing economic growth in East Asia, Pacific

While China's economy is projected to expand by 8.5%, the rest of the region is forecast to grow at 2.5%, nearly 2 percentage points less than forecast in April 2021, the World Bank said

'Damaged credibility': Modi's UN speech asks WHO, World Bank to shape up

Prime Minister faults world institutes for their work in tracing the origin of the Covid-19 and the suspension of an economic report reportedly manipulated under Chinese pressure

Doing Business

There is space for a more robust, inclusive index

External review finds deeper rot in World Bank 'Doing Business' rankings

An 84-page review, written by senior academics and economists, was published on the bank's website on Monday, about three weeks after it was submitted to World Bank chief economist Carmen Reinhart.

Kaushik Basu says manipulation of WB's Doing Business ranking is 'shocking'

The former chief economist of World Bank Kaushik Basu said on Saturday that pressure was therebut the multilateral institution never gave in.

EXPLAINER: Why World Bank is under fire over set of rankings

Under fire for allegations that it bowed to pressure from China and other governments, the World Bank has dropped a popular report that ranked countries by how welcoming they are to businesses. The report is important to many companies and investors around the world: They use the World Bank's Doing Business report to help decide where to invest money, open manufacturing plants or sell products. Eager to attract investment, countries around the world, especially developing economies, have sought to improve their rankings in the World Bank's report. Sometimes, nations would pursue substantive policy changes by, for example, making it easier for businesses to pay taxes, obtain loans or enforce contracts. Sometimes, they would take a more aggressive tack: Like pushy high schoolers cajoling a teacher for a higher grade, they would lobby the World Bank to provide a higher score on the Doing Business report Countries that have scored a high ranking have often touted their success. In 201

'Not true': IMF chief denies pro-China pressure on World Bank report

Georgieva used a previously scheduled meeting with staff to address findings contained in an independent report on data irregularities in World Bank's now-canceled "Doing Business" rankings

IMF chief Georgieva in spotlight after World Bank China rigging report

The IMF review was launched after Georgieva briefed the board on the issue on Thursday

Bad for business: World Bank China rigging scandal rattles investors

They said the World Bank's discontinuation of the "Doing Business" reports could make it harder for investors to assess where to put their money

World Bank to discontinue 'Doing Business' report after China-linked probe

The decision was taken after a probe of data irregularities allegedly due to pressure by some top bank officials to boost China's ranking in 2017 came to light

IMF chief lobbied to improve China's biz ranking, says World Bank

To discontinue 'Doing Business' reports after ethics review

World Bank discontinues business climate report after ethics review

IMF MD Kristalina Georgieva was cited by the World Bank in the probe of its periodic 'Doing Business' report

Climate change could move more than 200 million people by 2050: Report

Climate change could push more than 200 million people to leave their homes in the next three decades and create migration hotspots unless urgent action is taken to reduce global emissions

Sri Lanka is facing a severe foreign exchange crisis, says finance minister

The government's revenues were also far short of target as pandemic curbs hurt economic activity, Rajapaksa said during a debate in parliament Tuesday