Page 3 - World Bank Group

World Bank economist Deepak Mishra appointed as director of ICRIER

Mishra has held various positions at the World Bank, including co-director of the World Development Report 2016

Post Covid, 65% low income countries slashed education budgets: Report

The World Bank report said the current levels of government spending in low and lower-middle income countries fall short of those required to achieve the Sustainable Development Goals

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.

IFC invests $30 mn in Biological E to boost Covid-19 vaccine production

The loan will support the pharmaceutical firm's expansion of low-priced, generic vaccines for routine immunisation of children and to boost capacity for manufacturing any future Covid-19 vaccine

IFC and its fund to invest $76 mn in Puravankara affordable housing

Two of the four projects being funded are planned in Kochi and Bengaluru, with saleable area of 4.5 mn sq ft. About 4,000 housing units will be built in next 5-7 seven years

World Bank okays $300 mn loan to Pak to tackle climate change, solid waste

The Washington-based lender approved $200 million for the Sindh Resilience project and $100 million for the Solid Waste Emergency and Efficiency project

World Bank says G20 may agree to only six-month debt relief extension

World Bank President David Malpass said the two institutions would propose a joint action plan to reduce the debt stock for poor countries with unsustainable debts

Reducing Covid risks may help economy more than easing curbs: World Bank

Global institution uses daily electricity consumption and night-time light intensity to gauge impact of Covid-19

IFC to invest $10 mn in Endiya Partners Fund II for product start-ups

Endiya Partners is a seed and early-stageventure capital firm investing in IP-led Indian product start-ups that are globally relevant

IMF, World Bank confirm plans for 'primarily virtual' annual meetings

Malpass first disclosed the plans for virtual annual meetings in a letter to the Bank's governors on Monday

World Bank approves $750 mn emergency response fund for India's MSME sector

This takes the World Bank's total commitment to $2.75 billion to support India's emergency Covid-19 response

Covid-19 crisis: World Bank to rescue with $160-billion aid to 100 nations

'Covid, shutdown may push as many as 60 mn people into extreme poverty'

A tale of hubris, luck and ignorance

One cannot help notice three similarities in Covid-19 and the Global Financial Crisis

G20 nations to freeze debt of world's poorest; IMF, World Bank welcome move

The actions to freeze both principal repayments and interest payments will free up more than $20 billion for the countries to spend on improving their health systems

Focusing multilateral money

World Bank and IMF must step up to protect pvt sector, govts

Travels with Montek

An absorbing account of India's economic policies over the last 40 years

Unease of doing business

The battle between the government and the telecom companies over how their adjusted gross revenues (AGR) should be calculated has gone on for several years.

Online retail sale just 1.6% of total retail trade in India: World Bank

It noted that in the neighbouring country of Bangladesh, too, the online sales a mere 0.7 percent of total retail sales, while that in China is 15 percent and around 14 percent globally

World Bank suggests creating 'brand northeast' to leverage its potential

The branding campaign should also stress on the intrinsic strengths of the region, pointed out the World Bank study

West Bengal increased its infra spend five times in seven years: Amit Mitra

Minister claims 191% surge in warehousing, says a slew of new projects have put the state and Kolkata very prominently on the logistical map of the nation