Page 12 - World Bank

Ukraine war to result in 1.3% lower GDP growth for India, says WB official

He said that even the fact that India is able to buy some cheap oil from Russia at the moment, the big picture is still that they are being hurt by the high commodity prices in the market

LIVE: PM Modi congratulates new Pak PM, says 'India desires peace'

Congratulations to H. E. Mian Muhammad Shehbaz Sharif on his election as the Prime Minister of Pakistan, tweets PM Modi

World Bank expects Ukrainian, Russian economies to shrink hugely: Report

The DC-based lender's economic update for emerging markets in Europe and Central Asia said the conflict would hamper the region's industrial output, shaving 4.1 per cent off its GDP.

Israel to increase operations in West Bank after Tel Aviv shooting

Israeli Chief of the General Staff Aviv Kochavi ordered the country's defence forces to increase operations in the West Bank, after a deadly attack in Tel Aviv.

World Bank says war shocks to drag on Asian economies in coming months

Disruptions to supplies of commodities, financial strains and higher prices are among the impacts of the war in Ukraine that will slow economies in Asia in coming months, says the World Bank

Cabinet clears Rs 6,062-crore World Bank-assisted programme for MSMEs

RAMP programme with impacts across the country will directly or indirectly benefit all 6.3 crore enterprises under the MSME category

World Bank suspends $600 mn projects after Taliban ban girls from schools

With girls banned from returning to secondary schools, the World Bank has suspended four projects worth $600 million in Afghanistan, a media report 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.

First wildlife bond issued by World Bank to save Africa's black rhino

The World Bank said it has priced the world's first wildlife bond, raising $150 million that will be partly used for the conservation of black rhinos in South Africa

Ukraine war-related inflation may drive protests and riots: World Bank

Soaring energy and food prices triggered by Russia's invasion of Ukraine could exacerbate existing food security concerns in Middle East and Africa, and may fuel growing social unrest, said World Bank

War-driven oil price hikes to cut growth for big importers: World Bank exec

Persistent high oil prices prompted by Ukraine invasion could cut a full percentage point off the growth off large oil-importing developing economies like China, Indonesia, South Africa and Turkey

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

The World Bank has stopped all its programs in Russia and Belarus with "immediate effect" in response to Moscow's military operations in Ukraine.

Ukraine conflict: World Bank to provide $3 billion support package to Kyiv

World Bank Group President David Malpass and IMF Managing Director Kristalina Georgieva announced the support package for Ukraine in a joint IMF-World Bank Group statement on the War in Ukraine

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 ready to provide financial aid to Ukraine amid Russian invasion

The World Bank, in its statement on Thursday, said that it is ready to provide immediate financial support to Ukraine amid the present political and military crisis.

World Bank mulls $350 million aid to Ukraine to support reforms

Tensions over Ukraine have increased in recent months as Russia and NATO are accusing each other of amassing troops on the Russian-Ukrainian border

Developing nations face growing risks from financial fragility: World Bank

High levels of non-performing loans and hidden debt impair access to credit, and "disproportionately" reduce access to finance for low-income households and small businesses: World Bank

PM Modi to virtually address high-level segment of One Ocean Summit

The objective of the summit is to mobilise the international community to take tangible action towards preserving and supporting healthy and sustainable ocean ecosystems

IFC will continue to raise annual India investments: South Asia Director

In a Q&A, Hector Gomez Ang asserts that the institution's India portfolio has delivered strong development and financial returns despite Covid-19