Page 2 - World Bank Group

IMF, World Bank chiefs warn of debt squeeze in world's poorest nations

As interest rates rise, the debt pressures are mounting on developing countries, and we need to move urgently towards solutions, World Bank President David Malpass said

World Bank ready to provide emergency support to Sri Lanka: Report

World Bank Vice President Hartwig Schafer held talks with Sri Lankan Finance Minister Ali Sabry in Washington on Tuesday, the Colombo Gazette reported on Wednesday

World Bank cuts India's FY23 GDP growth forecast to 8% from 8.7%

In India, household consumption will be constrained by the incomplete recovery of the labour market from the pandemic and inflationary pressures, the bank said

Three-member World Bank team calls on J&K Chief Secretary Arun Mehta

A three-member team from the World Bank had a meeting with J&K Chief Secretary Arun Kumar Mehta on Saturday regarding the World Bank-funded projects being implemented in Jammu and Kashmir.

Making $923 million of financing available for Ukraine, says World Bank

The World Bank is making $923 million in financial aid available for Ukraine, World Bank President David Malpass said on Monday

World Bank approves $723 mn loans, grants for Ukraine amid Russia invasion

The World Bank said its executive board on Monday approved a $723 million package of loans and grants for Ukraine, providing government budget support as the country battles a Russian invasion

World Bank's Ukraine loan disbursement grows to 460 million euros: Report

A World Bank emergency cash disbursement to Ukraine will grow to 460 million euros ($509 million) with contributions from Sweden and the Netherlands, and will be submitted for board approval on Friday

World Bank stops all projects in Russia, Belarus with 'immediate effect'

'The banking organisation, with 189 member countries across the globe, has not approved any new loans or investments in Russia since 2014, when the country annexed the Crimean Peninsula in Ukraine'

World Bank, IMF racing to get aid for Ukraine in coming weeks and months

IMF, World Bank said they were racing to provide billions of dollars of additional funding to Ukraine in coming weeks and months, adding the war there is creating crucial spillovers to other countries

Other suppliers may replace Russia in gas market in 5 yrs: World Bank prez

The world has enough energy suppliers to provide an alternative to Russia in the gas market within the next five years, World Bank President David Malpass said on Sunday.

World Bank's India head Junaid Ahmad appointed vice president of operations

Ahmad has been appointed as a Vice President of the international lending institution.

World Bank chief flays Microsoft's $69 bln, questions capital allocation

David Malpass says more capital needed to flow into poor countries, but such allotments have been disrupted.

Afghanistan continues to face economic hardships under the Taliban

Afghanistan is facing economic hardships after the takeover of the Taliban in August this year and its financial crisis has increased further.Afghanistan's economy continues to plummet with the Taliban takeover. Afghanistan's economy is largely made up of the agriculture and services sector, both of which have already shown a decline. Agriculture has been the biggest source of employment has taken a huge hit due to the rising insecurity in the country and widespread droughts, according to the International Forum for Rights and Security.Further, nine out of ten Afghan families are already unable to obtain sufficient food stocks and over 1 million children could face malnutrition and even death by starvation with further scares of the outbreak of diseases like measles and polio throughout the population, it added.Earlier, the World Food Programme (WFP) has warned of the emerging food insecurity in Afghanistan will affect almost 14 million people.Further, in the regional hospital in ...

IMF board decides to keep Georgieva as chief after data-fixing scandal

Georgieva is a Bulgarian economist and the first person from an emerging-market nation to run the IMF.

IMF's Georgieva accuses former World Bank Prez Kim's office of manipulation

Georgieva said her effort to prevent Hong Kong data from being added to China's Doing Business ranking demonstrated her concern for preserving the integrity of World Bank data.

Montek Ahluwalia named member of World Bank-IMF High-Level Advisory Group

Climate change is at the top of the agenda this year in both developed and emerging market countries, says Ahluwalia

World Bank boosts growth forecasts as US stimulus, vaccines stoke demand

Emerging markets excluding China are expected to grow 4.4% in 2021

World Bank approves $500 mn program to help boost India's MSME sector

The loan has a maturity of 18.5 years including a 5.5-year grace period.

IFC to invest $100 mn in JC Flowers India fund to help resolve NPAs

International Finance Corporation (IFC) is a World Bank Group entity

World Bank, IMF eye ways to link debt relief to climate change spending

Source said planning was still in the early stages, but the goal was to launch the platform late in 2021, with a secretariat to be hosted at the World Bank