World Bank

Over 10 million Pakistanis may fall below poverty line: World Bank

The World Bank has cautioned that over 10 million Pakistanis may fall below the poverty line, mainly due to a…

1 month ago

World Bank pegs India’s growth rate at 6.3% for 23-24

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

7 months ago

Will World Bank’s Ajay Banga set the tone for a go-green global financial architecture?

With the World Bank now kicking off the much needed reform agenda, other multilateral agencies could start the process as…

8 months ago

Biden will call for ‘reshaping’ World Bank, IMF at G20

US President Joe Biden will focus on "fundamentally reshaping and scaling up the multilateral development banks" during his upcoming visit…

8 months ago

World Bank ranks Navi Mumbai’s Jawaharlal Nehru Port above Singapore, Germany seaports

Jawaharlal Nehru Port Authority (JNPA), India’s premier port, has been ranked above sea ports in advanced countries such as Singapore…

1 year ago

India-born Ajay Banga elected World Bank President 

India-born Ajay Banga has been elected as the World Bank's next president for a term of five years. A 25-member…

1 year ago

PM Modi calls for a global mass movement on Climate change, lifestyle changes must  

Bringing India's viewpoints on 'How Behavioural Change can Tackle Climate Change' to the fore, Prime Minister Narendra Modi on Friday…

1 year ago

Is Nirmala becoming the flag-bearer of Modi’s global brand of women empowerment?

India as the chair of the G20 nations is determined to make a difference in the field of gender equality…

1 year ago

Indian is still among world’s fastest growing economies, says World Bank

Notwithstanding the external risks, India’s growth continues to be resilient, the World Bank in its latest India Development Update has…

1 year ago

East Asia and Pacific regional growth to accelerate to 5.1% in 2023 as China rebounds

Growth in developing East Asia and the Pacific is forecast to accelerate in 2023 as China's economy reopens, while the…

1 year ago

Biden nominates Ajay Banga as World Bank chief to replace Malpass

U.S. President Joe Biden nominated India-born Ajay Banga for the post of World Bank chief to replace David Malpass who…

1 year ago

World Bank lauds progress in high-impact projects in J&K

The World Bank has granted final extension to the much-delayed Rs 1500 crore Jhelum-Tawi Flood Recovery Project (JTFRP) which had…

1 year ago

China’s growth projections sink further amid Covid surge

China’s economy is going through one of its most uncertain phases amid a surge in Covid cases. On one hand…

1 year ago

World Bank pegs India’s growth rate at 6.9%, up from the earlier 6.5%

The World Bank has revised India's 2022-23 GDP growth forecast upward to 6.9 per cent from the earlier estimate of…

1 year ago

India tops in global remittances with workers abroad sending home record $100 billion

India is set to top in remittance inflows again with the country’s migrant workers expected to send home a record…

1 year ago

World Bank praises India’s pro-poor digital cash tranfers during Covid , says initiative was ‘remarkable’

World Bank president David Malpass has said that India's support in the form of targeted transfer to the poor and…

2 years ago

Integration among South Asian nations key for food and energy security

Cecile Fruman, World Bank’s Director, Regional Integration and Engagement for South Asia says as demand from Europe is expected to…

2 years ago

World Bank, IMF come to Ukraine’s rescue–will increase funding to war-torn nation

<p> <strong>The World Bank and the International Monetary Fund (IMF) are jointly working towards supporting Ukraine while assessing the economic…

2 years ago

Amid sinking economy, Pakistan keen to resume trade with India

<p> <strong>Amid fast sagging economic contours and rising geopolitical uncertainties, chorus within Pakistan on early resumption of trade with India…

2 years ago

World Bank pegs India’s economic growth at 8.3% for 2021-22, sees global growth slowing to 4.1%

<p> <strong>India's economic growth is expected to be 8.3 per cent in the current financial year and 8.7 per cent…

2 years ago

India tops World Bank list in foreign remittances with $87 billion in 2021, China ranked 2nd

<p> <strong>India received a phenomenal $87 billion in remittances from abroad in 2021 to top the World Bank list in…

2 years ago