Page 16 - World Bank

World Bank estimates cost of rebuilding Gaza after latest war at $485 mn

Rebuilding Gaza after the latest devastating war between Israel and the territory's militant Hamas rulers will cost up to $485 million, the World Bank said

World Bank expands coronavirus vaccine funding to $20 billion

The funding will be available through 2022

World Bank raises China's economic growth outlook to 8.5% from 8.1%

The World Bank raised its forecast of China's economic growth this year to 8.5 per cent from 8.1 per cent and said Tuesday that a full recovery requires progress in vaccinations against coronavirus

Nepal inks $150-mn loan pact with World Bank for post-Covid growth

Nepal inked a concessional loan agreement of USD 150 million with the World Bank (WB) on Sunday for post-Covid-19 recovery and development.

World Bank board approves $125 million support program to Kerala

This is to help the state's preparedness against natural disasters, climate change impacts, disease outbreaks and pandemics.

$32 mn World Bank loan for improving healthcare services in Mizoram

The Covid-19 pandemic has had adverse effects on the delivery and utilisation of essential health services in the state.

World Bank vows to keep board apprised of climate action progress

The World Bank on Tuesday agreed to boost its spending on climate change to 35% from 28% and to provide annual progress reports to its board

Poverty in Pakistan rises to over 5% in 2020, estimates World Bank

The World Bank has estimated that poverty in Pakistan has increased from 4.4 per cent to 5.4 per cent in 2020, as over two million people have fallen below the poverty line

Economic theory says inequality will rise as international trade grows

Robin Hoodism - robbing the rich to pay the poor - isn't consistent with either democratic ideals or trust in government

Covid impact: World Bank slashes India's FY22 GDP growth forecast to 8.3%

The Washington-based global lender noted that in India, an enormous second Covid-19 wave is undermining the sharper-than-expected rebound

Top headlines: WB pegs India's FY22 GDP at 8.3%; Piramal faces a new hurdle

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World Bank, IMF urge countries with excess vax supply to release surplus

World Bank Group and International Monetary Fund (IMF) have called on countries anticipating excess Covid-19 vaccine supplies in the coming months to release their surplus doses

Pakistan to receive $153 mn from World Bank to aid Covid vaccination drive

The World Bank has approved the provision of $153 million to support the ongoing national vaccine drive in Pakistan to help the country fight the Covid-19 pandemic

Kerala hit hard by drop in remittances as 1.2 mn workers return: World Bank

Kerala has been hit hard by the drop in remittances from the Gulf countries from where about 1.2 million workers returned to the state due to the Covid-driven layoffs, according to the World Bank

India received $83 billion in remittances in 2020: World Bank report

India received over $83 billion in remittances in 2020, a drop of just 0.2 per cent from the previous year, despite a pandemic that devastated the world economy, according to a World Bank report

Economic Outlook for 2021-22

Outlook beset by uncertainties, but GDP in 2021-22 likely to be lower than in 2019-20

IFC to invest $40 million in Upgrad; promoters reduce stake to 75%

Online up-skilling platform Upgrad has concluded another funding round of about Rs 290 crore from the World Bank arm IFC

World Bank welcomes US, France assistance to help India fight Covid-19

The World Bank has welcomed the recent announcements by the United States and France to help India address its Covid-19 crisis

World Bank president urges countries to donate 'excess' vaccine doses

I would like to underline here the importance for countries that have the prospect of excess vaccine supplies, said Malpass

IMF, World Bank urged to ensure timely delivery of Covid-19 vaccines

Asserting that the effects of the pandemic will be felt for years, the IMF and the World Bank have been urged to ensure timely delivery of safe and effective vaccines across all countries