Page 18 - World Bank

World Bank's IFC to invest $45 million equity in upGrad Education

upGrad has almost doubled its users in six months and aims to touch 10 lakh by the end of 2021

Slow vaccine rollout stands to halve world growth: World Bank's Reinhart

The Group of 20's common framework, which aims to get China and private lenders more involved in debt relief, can help poor countries resolve issues faster

Labour codes: Reform 2.0

Economic reforms require expending political capital by the governments, as the benefits of reforms are spread thin and become apparent only with a time lag

Finance ministry holds meeting to discuss roadmap for asset monetisation

Department of Investment and Public Asset Management (DIPAM) had signed an agreement with World Bank, in November 2020, to provide advisory services to the government for asset monetization

World Bank approves cash assistance to crisis-struck Lebanon

The World Bank approved a $246 million loan to Lebanon to provide emergency cash assistance to nearly 800,000 Lebanese reeling under the country's compounded economic and health crises.

China needs to learn to restructure emerging market debt: WB economist

Increasing debt distress in emerging markets means that China, will need to start restructuring debts in the same way that Paris Club lenders did in past crises, Reinhart said

World Bank commits $105 million loan to improve West Bengal waterways

The Government of India, the Government of West Bengal and the World Bank on Tuesday signed a $105 million project to improve the inland water transport infrastructure in Kolkata, West Bengal

World Bank says it expects the global economy to expand by 4% in 2021

The global economy is expected to expand by 4 per cent in 2021, assuming an initial Covid-19 vaccine rollout becomes widespread throughout the year, the World Bank has said

Indian economy expected to contract by 9.6% in 2020-21: World Bank

In its Global Economic Prospects report, the World Bank said that the informal sector, which accounts for four-fifths of employment, has been subject to severe income losses during the Covid-19 crisis

Uzbekistan signs loan and guarantee agreements for its first solar plant

The World Bank will also provide a $5.1 million payment guarantee for the Uzbek government to backstop payment obligations of the project

World Bank, govt ink pact for $500-mn project to develop green highways

The highway corridors will be developed in Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh

World Bank corrects Doing Business rankings, lowers China by 7 notches

Besides China, the World Bank has corrected the Doing Business rankings of Saudi Arabia, United Arab Emirates and Azerbaijan

India and World Bank sign $400 mn project to protect poor from Covid impact

India on Wednesday signed a pact worth Dollar 400 million with the World Bank in a bid to aid the poor and vulnerable reeling under the coronavirus crisis

World Bank approves 4 development projects in India worth $800 mn

The World Bank on Wednesday approved four India projects worth over USD 800 million to support development initiatives.

Covid-19 could push 72 mn children into 'learning poverty', says World Bank

The Covid-related school closures risk pushing 72 million more primary school aged children into "learning poverty" - meaning that they are unable to read and understand a simple text by age 10

James Wolfensohn, who served as World Bank president, dies at 86

Current IMF Managing Director Kristalina Georgieva mourned the passing of her friend, mentor and former boss.

World Bank to advise DIPAM on monetising non-core assets, enemy property

DIPAM is mandated with facilitating monetisation of non-core assets of the public sector units under strategic disinvestment or closure, and enemy property of Rs 100 crore and above

NCML to invest Rs 506 cr in grain silos in India, IFC to back the project

NCML will develop these grain silos at seven locations in Punjab, Haryana and Uttar Pradesh under a 32-year concession agreement awarded by FCI

World Bank cautions against fake credit, debit cards with its name, logo

The advisory came after its attention was drawn to such fraudulent issuance of debit/credit cards in India, according to the multilateral lending agency

Covid-19: Remittances to India to drop by 9% in 2020, says World Bank

India followed by China, Mexico, the Philippines, and Egypt continue to be the top five countries in 2020 to receive foreign remittances, the World Bank said in its latest report