Page 9 - World Bank

BBIN countries in South Asia can be economic growth pole: WB India head

Connectivity between Bangladesh and India, alongside Bhutan and Nepal, has the potential to make the sub-region an economic growth pole for South Asia, World Bank India Head Junaid Ahmad said

Pregnancy could get women fired in 38 nations, says World Bank

The pandemic has contributed to an increase in violence against women and is reinforcing gender inequality in many countries

Raw material shortage may affect scaling up of Covishield production

Last week, Adar Poonawalla had said on a World Bank panel that a US law blocking the export of key items like bags and filters will likely cause "serious bottlenecks" in vaccine production

European officials urge World Bank to exclude fossil-fuel investments

Senior officials from Europe have urged the World Bank to expand its climate change strategy to exclude investments in oil- and coal-related projects, and phase out investment in natural gas projects

European officials urge World Bank to bar fossil-fuel investments: Report

WASHINGTON (Reuters) - Senior officials from Europe have urged the World Bank's management to expand its climate change strategy to exclude investments in oil- and coal-related projects around the world, and gradually phase out investment in natural gas projects, according to three sources familiar with the matter.

World Bank, IMF to consider climate change in debt reduction talks

The coronavirus pandemic has worsened the outlook for many countries that were already heavily indebted before the outbreak

India accounts for 10 per cent of global road crash victims: World Bank

India has one per cent of the world's vehicles

World Bank's IFC to invest $45 million equity in upGrad Education

upGrad has almost doubled its users in six months and aims to touch 10 lakh by the end of 2021

Slow vaccine rollout stands to halve world growth: World Bank's Reinhart

The Group of 20's common framework, which aims to get China and private lenders more involved in debt relief, can help poor countries resolve issues faster

Labour codes: Reform 2.0

Economic reforms require expending political capital by the governments, as the benefits of reforms are spread thin and become apparent only with a time lag

Finance ministry holds meeting to discuss roadmap for asset monetisation

Department of Investment and Public Asset Management (DIPAM) had signed an agreement with World Bank, in November 2020, to provide advisory services to the government for asset monetization

World Bank approves cash assistance to crisis-struck Lebanon

The World Bank approved a $246 million loan to Lebanon to provide emergency cash assistance to nearly 800,000 Lebanese reeling under the country's compounded economic and health crises.

China needs to learn to restructure emerging market debt: WB economist

Increasing debt distress in emerging markets means that China, will need to start restructuring debts in the same way that Paris Club lenders did in past crises, Reinhart said

World Bank commits $105 million loan to improve West Bengal waterways

The Government of India, the Government of West Bengal and the World Bank on Tuesday signed a $105 million project to improve the inland water transport infrastructure in Kolkata, West Bengal

World Bank says it expects the global economy to expand by 4% in 2021

The global economy is expected to expand by 4 per cent in 2021, assuming an initial Covid-19 vaccine rollout becomes widespread throughout the year, the World Bank has said

Indian economy expected to contract by 9.6% in 2020-21: World Bank

In its Global Economic Prospects report, the World Bank said that the informal sector, which accounts for four-fifths of employment, has been subject to severe income losses during the Covid-19 crisis

Uzbekistan signs loan and guarantee agreements for its first solar plant

The World Bank will also provide a $5.1 million payment guarantee for the Uzbek government to backstop payment obligations of the project

World Bank, govt ink pact for $500-mn project to develop green highways

The highway corridors will be developed in Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh

World Bank corrects Doing Business rankings, lowers China by 7 notches

Besides China, the World Bank has corrected the Doing Business rankings of Saudi Arabia, United Arab Emirates and Azerbaijan

India and World Bank sign $400 mn project to protect poor from Covid impact

India on Wednesday signed a pact worth Dollar 400 million with the World Bank in a bid to aid the poor and vulnerable reeling under the coronavirus crisis