World Bank

The World Bank on Friday said India will need to grow by 7.8 per cent on average over the next 22 years to achieve the country’s aspirations of becoming a …

Amid escalating economic crisis, Pakistan’s debt surged by Pakistani Rupees (PKR) 4,304 billion in the first eight months of the current tenure, ARY News reported citing official documents. As of …

Union Finance Minister Nirmala Sitharaman has said that India provided financial support to its neighbours in times of distress with no conditions attached much before the International Monetary Fund (IMF) …

The Government of India and the World Bank have entered into an agreement for the construction of the Green National Highway Corridors Project (GNHCP), said the Ministry of Road Transport …

The World Bank has upwardly revised India’s GDP growth forecast for the current financial year 2024-25 by 20 basis points to 6.6 per cent from its earlier projection of 6.4 …

The World Bank has pegged India’s growth rate at 6.3 per cent for 2023-24 notwithstanding the global headwinds. Even as this is lower than the 7.2 per cent growth rate …

With the World Bank now kicking off the much needed reform agenda, other multilateral agencies could start the process as well. Reforms of multilateral lenders have been pending for long. …

Jawaharlal Nehru Port Authority (JNPA), India’s premier port, has been ranked above sea ports in advanced countries such as Singapore and Germany for its efficiency in handling container cargo. According …

India-born Ajay Banga has been elected as the World Bank’s next president for a term of five years. A 25-member executive board elected the ex-Mastercard CEO who was nominated for …

India as the chair of the G20 nations is determined to make a difference in the field of gender equality and women’s empowerment by turning challenges into opportunities and pushing …

Notwithstanding the external risks, India’s growth continues to be resilient, the World Bank in its latest India Development Update has said. The report noted that despite rising global challenges, which …

Growth in developing East Asia and the Pacific is forecast to accelerate in 2023 as China’s economy reopens, while the pace of growth in most of the economies in the …

U.S. President Joe Biden nominated India-born Ajay Banga for the post of World Bank chief to replace David Malpass who announced his resignation last week after he ran into a …

The World Bank has granted final extension to the much-delayed Rs 1500 crore Jhelum-Tawi Flood Recovery Project (JTFRP) which had been approved in June 2015 for reconstruction of the public …

China’s economy is going through one of its most uncertain phases amid a surge in Covid cases. On one hand economic activities have slumped and on the other there has …

India is set to top in remittance inflows again with the country’s migrant workers expected to send home a record USD 100 billion in 2022, according to a World Bank …

World Bank president David Malpass has said that India’s support in the form of targeted transfer to the poor and needy during the Covid 19 pandemic crisis has been remarkable …

Cecile Fruman, World Bank’s Director, Regional Integration and Engagement for South Asia says as demand from Europe is expected to weaken, the South Asian nations must tap intra-regional trade potential …

<p> <strong>The World Bank and the International Monetary Fund (IMF) are jointly working towards supporting Ukraine while assessing the economic and financial impact of the conflict and refugees on other …

<p> <strong>Amid fast sagging economic contours and rising geopolitical uncertainties, chorus within Pakistan on early resumption of trade with India is increasing. After Pakistani billionaire tycoon Mian Muhammad Mansha made …