By Reuters | Posted by Deepali Sharma | Washington
PUBLISHED ON JAN 05, 2021 09:53 PM IST
World Bank Group President David Malpass said the African oil producer Chad may need a deep reduction in the net present value of its debt.
By Reuters | Posted by Srivatsan K C | Washington
UPDATED ON NOV 22, 2020 04:55 AM IST
World Bank President David Malpass said he was pleased by progress made by the Group of 20 major economies on increasing debt transparency and providing debt relief to the poorest countries, but more was needed.
By Reuters| Posted by Susmita Pakrasi | Washington
PUBLISHED ON SEP 30, 2020 06:20 AM IST
Global competition for early coronavirus vaccine doses is already fierce, months ahead of any approvals, as wealthy countries move to secure supplies.
By Agence France-Presse| Posted by Susmita Pakrasi | Washington
UPDATED ON AUG 21, 2020 05:26 AM IST
The Washington-based development lender previously estimated that 60 million people would fall into extreme poverty due to Covid-19, but the new estimate puts the deterioration at 70 to 100 million, and he said “that number could go higher” if the pandemic worsens or drags on.
By Agence France Presse | Washington
UPDATED ON APR 03, 2020 05:10 PM IST
The board of the Washington-based development lender announced the first set of fast-track crisis funding, with an initial $1.9 billion going to projects in 25 countries, and operations moving forward in another 40 nations, the bank said in a statement.
By Press Trust of India | New Delhi
UPDATED ON OCT 27, 2019 06:27 AM IST
Although India has made progress in the financial sector, there is scope for further improvement in the banking sector, shadow banking and the capital market.
By Gireesh Chandra Prasad | Bloomberg, New Delhi, New Delhi
UPDATED ON OCT 27, 2019 02:19 AM IST
Malpass’ suggestions on further reforms come in the context of India improving its position in World Bank’s ‘ease of doing business 2020’ study released earlier in the week showing that India had moved up 14 places in this year’s ranking to 63rd position, up from last year’s 77.
By Press Trust of India | Washington
UPDATED ON OCT 17, 2019 07:34 PM IST
At a news conference at the start of the annual meetings of the IMF and World Bank,David Malpass announced that he would travel to both India and Pakistan later this month.
By Agence France-Presse | Washington
UPDATED ON APR 06, 2019 07:17 AM IST
The selection of Malpass by the bank’s board of directors followed an “open, transparent” nomination process in which citizens of all membership countries were potentially eligible, the bank said in a statement.