Page 14 - World Bank
ISA targets $1 trn in solar funds by 2030; S Asia in phase-1 of world grid
Talks will also revolve round the $1 trillion Solar Investment Roadmap for 2030, and approval of a blended financial risk mitigation facility
 "ISA targets $1 trn in solar funds by 2030; S Asia in phase-1 of world grid")
FM discusses post-pandemic recovery, other issues with World Bank chief
Finance Minister Nirmala Sitharaman discussed the post-pandemic economic recovery and preparations for the upcoming Climate Change Conference among other issues with World Bank President David Malpass
 "FM discusses post-pandemic recovery, other issues with World Bank chief")
India offers spectrum of opportunities: FM Sitharaman tells CEOs
Sitharaman, 62, is currently in the American capital to attend the annual meetings of the International Monetary Fund and the World Bank
World Bank chief highlights 'tragic reversal' in development amid pandemic
World Bank Group President David Malpass said on Wednesday that the Covid-19 pandemic is pushing up poverty and debt levels in low-income countries, highlighting a "tragic reversal" in development.
 "World Bank chief highlights 'tragic reversal' in development amid pandemic")
IMF chief says data-rigging scandal won't hamper IMF-World Bank cooperation
Georgieva, who was cleared of wrongdoing in the matter by the IMF's executive board on Monday, had sharply criticized a report prepared by law firm WilmerHale for the World Bank's board
 "IMF chief says data-rigging scandal won't hamper IMF-World Bank cooperation")
Members to reach $100-bn target for shifting reserves, says IMF chief
The IMF chief said the fund was putting in place measures to increase transparency about the use of any SDRs.
 "Members to reach $100-bn target for shifting reserves, says IMF chief")
Indian economy is recovering from Covid-19 crisis: World Bank President
Last week, the World Bank projected the Indian economy to grow at 8.3 per cent this year.
 "Indian economy is recovering from Covid-19 crisis: World Bank President")
Asian Development Bank boosts 2019-2030 climate financing goal to $100 bn
The bank also plans to boost its private sector operations to attract more private sector capital to finance new climate technologies and innovations, using $12 billion from its balance sheet
 "Asian Development Bank boosts 2019-2030 climate financing goal to $100 bn")
Poor countries' debt rose 12% to record $860 bn in 2020: World Bank
The World Bank has called for urgent efforts to reduce debt levels
 "Poor countries' debt rose 12% to record $860 bn in 2020: World Bank")
Growth is biggest challenge for emerging economies: World Bank economist
"With growth comes jobs, with growth and jobs comes recovery."
IMF board to meet Sunday for more talks, Georgieva's future at stake
A decision on Georgieva's future at the global lender is not expected until Monday, as finance ministers and other senior officials from many of the IMF's 190 member countries gather in Washington
 "IMF board to meet Sunday for more talks, Georgieva's future at stake")
IMF board seeks more details on probe into World Bank report on China
The Doing Business report assesses regulatory environments, ease of business startups, infrastructure and other business climate measures.
 "IMF board seeks more details on probe into World Bank report on China")
Georgieva's future at IMF still unclear after marathon board meeting
Some European governments backed the Bulgarian economist to remain IMF chief at Friday's marathon meeting, according to people familiar the matter.
 "Georgieva's future at IMF still unclear after marathon board meeting")
India expected to grow by 8.3% in 2021-22: World Bank
South Asia's average annual growth is forecast to be 3.4 per cent over 2020-23
 "India expected to grow by 8.3% in 2021-22: World Bank")
WB flags under-reporting of Covid deaths in India, other S Asian nations
World Bank retains India's GDP growth projection at 8.3% for FY22, cautions any global slowdown due to Covid waves may pull it down
 "WB flags under-reporting of Covid deaths in India, other S Asian nations")
IMF chief Georgieva facing data-rigging allegations defends actions
The head of the International Monetary Fund has said a report alleging she had a role in data-rigging at the World Bank when she was a top official there was not an accurate representation of events
 "IMF chief Georgieva facing data-rigging allegations defends actions")
Needn't wait for widespread Covid vaccination to reopen schools: World Bank
World Bank's Education team has noted that experiences from countries around world where schools have reopened suggest that with adequate mitigation strategies, schools pose low risks
IMF board to grill investigators, Georgieva on data-rigging claims: Report
IMF executive board will intensify its probe of MD Kristalina Georgieva this week by separately interviewing her and investigators who said she pressured World Bank staff to alter data to favor China
World Bank lifts China view, slashes Asia outlook on Delta wave
Pandemic may do lasting damage in Asia Pacific, says lender
 "World Bank lifts China view, slashes Asia outlook on Delta wave")
World Bank says Delta variant slowing economic growth in East Asia, Pacific
While China's economy is projected to expand by 8.5%, the rest of the region is forecast to grow at 2.5%, nearly 2 percentage points less than forecast in April 2021, the World Bank said
 "World Bank says Delta variant slowing economic growth in East Asia, Pacific")
