World Bank Raises India's GDP Growth Forecast To 7.5% For 2023-24
The World Bank has raised India's economic growth forecast by 1.2 per cent to 7.5 per cent for 2023-24, on the back of robust activity in services and industry in its latest update for South Asia.
Apr 03, 2024, 10:07 AM IST
95 Million Pakistanis Under Poverty, Urgent Reforms Needed To Achieve Economic Stability: World Bank
Poverty in Pakistan rose within one year from 34.2 percent to 39.4 percent.
Sep 23, 2023, 15:37 PM IST
Uganda President Defiant After World Bank Funding Suspended Over LGBT Law
The anti-LGBTQ law in Uganda, enacted in May, has drawn widespread denunciation from local and international rights organisations and Western governments, though it is popular domestically.
Aug 10, 2023, 13:20 PM IST
World Bank Approves USD 255.5 Million Loan For Better Technical Education In Govt-Run Indian Institutions
Tertiary education in India has been growing steadily from 29 million enrolled students in 2011-12 to 39 million enrolled students across 40,000 institutions in 2019-20.
Jun 24, 2023, 17:55 PM IST
World Bank Approves $150 Mn Loan To Support Resilient Kerala Program
The plan will assess the current and future shoreline changes in the state and create policies to address the risks to environmental resources, human settlements, and infrastructure along the coast.
Jun 17, 2023, 17:09 PM IST
Argentina Raises Interest Rate To 97%, Inflation Rate At 100%
That's the highest level since the early 1990s, and currently, Venezuela and Zimbabwe are the only two countries experiencing higher inflation than Argentina, according to International Monetary Fund data.
May 16, 2023, 13:48 PM IST
FM Nirmala Sitharaman Congratulates Ajay Banga On Becoming World Bank President
The President of the World Bank Group is also the Chair of the Board of the Executive Directors of the International Bank for Reconstruction and Development (IBRD).
Indian-American Ajay Banga Appointed As President Of World Bank
Banga, a finance and development expert, will take over the role on June 2. He was the sole contender to replace departing World Bank chief David Malpass whose term ends early next month.
May 03, 2023, 22:52 PM IST
India Will Stay On Course; Projected To Grow At 7% In 2022-23: Sitharaman
Both the IMF and World Bank project India to be the fastest-growing major economy in 2023.
Apr 15, 2023, 12:44 PM IST
India Remains Concerned About Global Economic Outlook, Says FM Nirmala Sitharaman
In her address to IMF and World Bank, FM said India has moved on beyond the pandemic, staging a full recovery in FY22-23, ahead of many countries.
Apr 13, 2023, 08:57 AM IST
FM Sitharaman To Embark On US Tour From Today; To Attend WB Group, IMF Meets
FM will also be attending the G20 meetings and other associated meetings, which are scheduled to take place from April 10 to April 16.
Apr 10, 2023, 09:00 AM IST
Pakistan Finance Minister Ishaq Dar Says IMF Deal Well On Track
Pakistan, currently in the throes of a major economic crisis, is grappling with high external debt, a weak local currency, and dwindling foreign exchange reserves.
Apr 08, 2023, 21:05 PM IST
World Bank Cuts India's Growth Forecast To 6.3% In Fy24
Growth is likely to be constrained by slower consumption growth and challenging external conditions, the World Bank said in its India Development Update.
Apr 04, 2023, 16:15 PM IST
Ajay Banga Poised To Become World Bank Chief Unopposed
The World Bank's Board of Executive Directors will interview Banga before he is formally appointed.
Mar 31, 2023, 09:16 AM IST
Nominee For World Bank Prez, Indian-Origin Ajay Banga To Meet PM Modi At The End Of His India Visit
U.S. President Joe Biden last month nominated Banga, 63, to replace David Malpass, who announced his resignation after months of controversy over his initial failure to say he backed the scientific consensus on climate change.
Mar 23, 2023, 13:34 PM IST
World Bank Pledges USD 1 Bn To India For Development Of Public Healthcare Infra
The COVID-19 pandemic brought to the fore the urgent need for pandemic preparedness and health system strengthening around the world and was a stark reminder that pandemic preparedness is a global public good, said Auguste Tano Kouam.
Mar 03, 2023, 15:39 PM IST
Ajay Singh Banga to become New Chief of World Bank
Ajay Singh Banga will become New chief of World Bank. US' President Joe Biden has made this announcement. Know the full news in detail in this report.
Feb 24, 2023, 09:30 AM IST
Former CEO of Master Card Ajay Banga can become President of World Bank
Master Card's Former CEO Ajay Banga may become the President of World Bank. US' President Joe Biden has nominated him for the post. Watch 25 big news of the day in just 5 minutes.
Feb 24, 2023, 09:06 AM IST
Who is Indian-American Ajay Banga, Nominated by US Prez Joe Biden for World Bank President?
Mr. Banga received B.A Economics (Hons) degree from St. Stephen's College, Delhi University. Thereafter, he purused MBA from Indian Institute of Management, Ahmedabad.
Feb 23, 2023, 23:04 PM IST
