Page 10 - World Bank

WEF 2022: What does 'global debt' mean and how high is it at present?

The current debt wave is the world's fourth since 1970, the World Bank says

Lankan PM hold talks with World Bank, ADB as India delivers diesel shipment

Sri Lanka's Prime Minister Ranil Wickremesinghe held discussions with representatives of the World Bank and the Asian Development Bank on the current economic crisis in the country,

World Bank expresses grave concern over violence, crisis in Sri Lanka

The developments come even as nationwide protests against the government have intensified over the past few days resulting in an increase in clashes with the security forces deployed at protest sites

How safe are India's dams?

The long-term safety of a dam depends on the extent of degradation of its materials, weakening of the foundations and seismological threats

World Bank to give $600-million aid to Lanka to overcome economic crisis

Sri Lanka stocks rallied, marking their first day of gains since April 5

Russia- Ukraine war to cause biggest price shock in 50 yrs: World Bank

The price shock is aggravated by restrictions in the food, fuel, and fertiliser trade, it said

Sri Lanka says World Bank agrees to provide $600 million in financial aid

Earlier this month, Sri Lanka kicked off talks with the International Monetary Fund (IMF) for financial assistance

Food, fuel price shocks from Ukraine war to last at least 3 yrs: World Bank

Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until at least the end of 2024 and raise the risk of of stagflation, the World Bank said

More Sri Lankans to slip into poverty this year, warns World Bank

Sri Lanka is currently in the throes of an unprecedented economic turmoil since its independence from Britain in 1948

Sri Lanka PM says he is in good health, rejects 'false propaganda'

'The propaganda that the Prime Minister is being treated in a private hospital for an illness is completely false,' the Prime Minister's Media Division (PMMD) said

FM Sitharaman asks IMF, World Bank to give Sri Lanka low-income tag

This comes as India's southern neighbour deals with its worst-ever economic crisis.

China must be treated as equal Sri Lanka creditor: India to IMF, World Bank

"All creditors must be treated equally and with transparency," Sitharaman said in an interview in Washington Friday. "I've emphasized that point in general and in the context of Sri Lanka."

Sri Lanka says India, World Bank consider $2 billion bridge finance

The country of 22 million people is struggling to pay for imports after a sharp drop in foreign exchange reserves which has led to a currency devaluation and soaring inflation

India, World Bank considering $2-billion bridge finance: Sri Lanka

India has extended the duration of the $400-million currency swap facility which had been concluded with the island nation in January.

Russia-Ukraine crisis: Zelensky lists '5 steps' during World Bank session

The Ukrainian President said the first step was immediate support for Ukraine, "so that the Russian leadership knows that the war will not allow them to realise any of their aggressive goals

World Bank welcomes India's move of selling oil from its stockpiles

World Bank President David Malpass has welcomed India's move to begin selling oil from its stockpiles

Urbanisation and development

The relation between economic growth rate and the degree of urbanisation is mutually reinforcing, as higher economic growth results in high incomes that influence the rate of urbanisation

Speculation without data

Poverty estimates need govt surveys to resume

International Monetary Fund, World Bank chiefs raise global debt alarm

World Bank President Malpass called for a new process for restructuring debt burdens for developing nations amid concerns about a lack of transparency over how much they owe to China

34% of Pakistan's population lives on income of Rs 588 a day: World Bank

The poor spend around 50% of their total consumption on food items, the World Bank said in the report released on Tuesday