Page 13 - World Bank

Pradip Shah, ex-consultant to World Bank, appointed Pfizer India chairman

Announcing the appointment, S Sridhar, the managing director of the company, said with Pradip Shah's elevation as the chairman, the firm will work closely with him on matters of strategic importance

World Bank downgrades 2022 global economic growth forecast to 4.1%

The global economy is on track to grow by 4.1 per cent in 2022, down 0.2 percentage point from a previous projection, the World Bank Group said in its latest Global Economic Prospects release.

World Bank projects India's GDP growth at 8.3% for FY22, 8.7% for FY23

Cuts global growth estimate to 4.1% in 2022 on surge in Covid-19 cases

At 4.1%, World Bank sees sharp world growth slowdown in 2022

Ayhan Kose, director of the World Bank's Prospects group, said the risks of a 'hard landing' for developing countries were increasing given their limited options to provide fiscal support as needed

World Bank loans $221 mn to Vietnam for economic recovery from Covid-19

The World Bank has signed an agreement with Vietnam in the amount of $221.5 million to finance the country's recovery from the coronavirus pandemic.

Several electricity projects in Afghanistan halted due to funds suspension

Several electricity supply projects to Afghanistan have been halted since the past four months due to the suspension of funds from the Asian Development Bank

China's economic growth will slow sharply in 2022, says World Bank

China's economic growth has been given a bleak picture by World Bank's report on Wednesday as the world's second-largest economy faces mounting headwinds

Indonesia's economy to grow by 3.7% in 2021, 5.2% in 2022: World Bank

The World Bank has estimated that Indonesia's economy would grow by 3.7 per cent in 2021 and by 5.2 per cent in 2022, if there are no other severe waves of the Covid-19 pandemic.

World Bank unveils replenishment package of IDA to back poorest nations

The World Bank has announced a $93 bn replenishment package of the International Development Associationv to help the poorest countries respond to the Covid-19 crisis and boost economic growth.

World Bank donors approve release of $280 million for Afghanistan

The World Bank donors approved to release $280 million for Afghanistan to address humanitarian issues

World Bank group imposes 20-month debarment on Ramky Enviro Engineers

The World Bank Group has announced 20-month debarment of Ramky Enviro Engineers Ltd (REEL), a city-based waste management and environmental services company

UIDAI working with World Bank, UN to take Aadhaar technology overseas

UIDAI is also looking forward to having more partners from India who can help it in taking the Aadhaar technology overseas. its CEO Saurabh Garg said

World Bank backs using $280 mn in frozen aid funds for Afghanistan crisis

The 31 donors to the World Bank-administered Afghanistan Reconstruction Trust Fund (ARTF) must approve the transfer before the funds could flow.

World Bank to redirect frozen funds to Afghanistan for humanitarian aid

Afghan experts said the aid will help, but big gaps remain, including how to get the funds into Afghanistan without exposing the financial institutions involved to US sanctions

World Bank to provide $250 mn loan for school learning project in Andhra

With the ongoing pandemic, home-based learning opportunities for students are of top priority for the state, the statement said

India received $87 billion in remittances in 2021: World Bank

India, the world's largest recipient of remittances, received $87 billion in 2021 with the United States being the biggest source, accounting for over 20% of these funds

Report shows China's growing clout at World Bank, global institutions

While China still receives loans and other aid from multilateral institutions like the World Bank and U.N. agencies, it has also emerged as one of the most powerful donors

Covid-19 pandemic debt adds to challenge of funding world's climate goals

The $300 trillion pile of debt held by governments, businesses and households will leave many countries with vulnerable finances

Climate goals: Can investor activism deliver what govts could not?

The moves by investors and accounting innovations by economists and auditors could make a critical difference on the margin. Call it Plan B; there is no Plan C, writes T N Ninan

The World Bank as a cash-transfer algorithm

The Bank should align its priorities with the growing trend in poor countries to adopt cash transfers and a universal basic income.