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World Bank underlines inflationary tailwinds in 2021
By Roshan Kishore, New Delhi
PUBLISHED ON APR 30, 2021 01:34 AM IST
India’s retail inflation, as measured by Consumer Price Index (CPI) stayed above 6%, the upper limit of the Reserve Bank of India’s tolerance band in 10 out of 12 months in 2020.
Covid-19's deep scars on world economy will be visible even after recovery
Bloomberg |
PUBLISHED ON APR 18, 2021 10:05 AM IST
Not all countries will be affected equally. The International Monetary Fund sees advanced economies less affected by the virus this year and beyond, with low-income countries and emerging markets suffering more — a contrast to 2009, when rich nations were hit harder.
Pope tells IMF, World Bank to cut the debt of poor countries
Reuters | , Vaatican City
PUBLISHED ON APR 08, 2021 06:02 PM IST
In a letter to the participants of the International Monetary Fund and World Bank's annual spring meeting, the pope said the pandemic had forced the world to come to terms with interrelated socioeconomic, ecological, and political crises.
World Bank raises India’s GDP growth forecast to 10% in FY22
By Yashwant Raj, Washington
PUBLISHED ON APR 01, 2021 03:09 AM IST
WB expects the GDP to contract by 8.5% in FY21, higher than govt’s estimate of 8%
India, Bangladesh to aid South Asia's 'historical growth' by 2022: World Bank
Bloomberg |
UPDATED ON MAR 31, 2021 10:40 AM IST
The region is expected to grow by 7.2% this year after contracting an estimated 5.4% in 2020, the development lender said in a report Wednesday.
World Bank re-engages with Sudan following arrears clearance
Reuters |
PUBLISHED ON MAR 28, 2021 07:27 PM IST
Priority areas for the funds will be defined following meetings early next month, and allocations would take into account a peace deal signed last year, Ousmane Dione, World Bank country director for Sudan, said.
Yellen to meet Christian, Jewish religious leaders and Jubilee network director
Reuters |
PUBLISHED ON MAR 16, 2021 02:00 PM IST
The online meeting will focus on ways to increase resources to help poor and middle income countries contain the Covid-19 pandemic, permanent debt restructuring and climate change, said Eric LeCompte, executive director of Jubilee USA Network.
Women can be fired for pregnancy in 28 nations, says World Bank’s Reinhart
Bloomberg |
PUBLISHED ON MAR 08, 2021 08:54 AM IST
The pandemic has contributed to an increase in violence against women and is reinforcing gender inequality in many countries, with women on average having roughly three-quarters of the legal rights of men, according to the World Bank.
World Bank readies emergency vaccine funds for 30 African nations
Reuters |
PUBLISHED ON MAR 03, 2021 03:07 PM IST
Only a handful of African governments have launched mass vaccination campaigns, whereas some countries in wealthier parts of the world have already administered millions of doses.
Debt crisis threatens developing nations, says World Bank head
Bloomberg |
PUBLISHED ON FEB 25, 2021 08:19 PM IST
World Bank President David Malpass spoke before the start of a meeting of finance ministers and central bankers from the Group of 20 biggest economies on Friday.
_1614138046832_1614138059970.jpg "Pandemic reinforces gender inequality, women have just 76% of men’s legal rights(Twitter/G3nderE)")
Pandemic reinforces gender inequality, women have just 76% of men’s legal rights
Bloomberg |
UPDATED ON FEB 24, 2021 09:13 AM IST
In its annual report, the World Bank warns of Covid-19 pandemic reinforcing gender inequality in many countries, with women on average having just 76% of men’s legal rights in their economic opportunities like travel, disadvantages in parenting and retirement
Road crashes in India hike poverty, poor suffer more deaths: World Bank report
By Anisha Dutta
UPDATED ON FEB 13, 2021 08:07 PM IST
- The report also brings out the sharp rural-urban divide and the disproportionate impact on women. Women bore the burden of crashes across poor and rich households, often taking up extra work, assuming greater responsibilities, and performing caregiving activities after a crash.
World Bank commits USD 105 million to improve West Bengal waterways
New Delhi | By Asian News International | Posted by Srivatsan K C
PUBLISHED ON JAN 06, 2021 11:54 AM IST
The USD 105 million loan from the International Bank for Reconstruction and Development (IBRD), has a maturity of 17 years, including a grace period of seven years.
World Bank sees more countries in ‘deep debt distress’ this year
Washington | By Reuters | Posted by Deepali Sharma
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.
The number theory: Imagining India, 10 years from now
Hindustan Times, New Delhi | By Vijdan Mohammad Kawoosa, Abhishek Jha and Vineet Sachdev
UPDATED ON JAN 05, 2021 03:18 PM IST
India’s first climate change assessment by the ministry of earth sciences (MoES), published in 2020. said that the climate change seen in the country since the middle of the 20th century is expected to continue in the future.
Ease of business ranking: World Bank staff pressured to ‘manipulate’ data
Hindustan Times, Washington/New Delhi | By HT Correspondent and Agencies
UPDATED ON DEC 19, 2020 02:30 AM IST
Members of the team that put together the Doing Business report cited undue pressure -- both directly and indirectly -- to manipulate data for 2018 and 2020, the World Bank said.
Covid-19: India signs $400 million project with World Bank to protect poor, vulnerable
Hindustan Times, New Delhi | By hindustantimes.com | Edited by Arpan Rai
PUBLISHED ON DEC 16, 2020 10:29 PM IST
Officials stated that due to the Covid-19 crisis, risks of migrants and the urban poor have been brought to the fore along with the need for governments to strengthen preparedness for future disasters of this nature.
WHO vaccine scheme may leave poor countries with no Covid-19 shots until 2024
Brussels | By Reuters | Posted by Arpan Rai
UPDATED ON DEC 16, 2020 06:46 PM IST
The World Health Organization’s COVAX programme is the main global scheme to vaccinate people in poor and middle income countries around the world against the coronavirus.
Two out of five women in South Asia have experienced partner violence: World Bank
Asian News International | By Asian News International | Posted by Shivani Kale
UPDATED ON DEC 15, 2020 04:21 PM IST
A staggering two out of five women in South Asia have experienced intimate partner violence and Covid-19 has worsened the situation.
World Bank boosts target for climate-friendly financing to 35% over five years
Washington | By Reuters | Posted by Deepali Sharma
UPDATED ON DEC 10, 2020 10:33 AM IST
The multilateral development lender said half of the climate-related financing would be done by its main units - the International Bank for Reconstruction and Development and the International Development Association.
HTLS 2020: Defining a new era of growth and prosperity
New Delhi | By Amitabh Kant
UPDATED ON NOV 24, 2020 09:24 AM IST
The latest in the set of structural reforms is the introduction of the production linked incentives (PLI) schemes approved by the Cabinet a few days ago.
World Bank warns G20 against doing too little to tackle debt problems
Washington | By Reuters | Posted by Srivatsan K C
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.
Beware of World Bank credit, debit cards. Here is why.
Hindustan Times, New Delhi | By hindustantimes.com | Edited by Mallika Soni
PUBLISHED ON NOV 08, 2020 12:06 AM IST
The international financial institution said it issued the advisory after its attention was drawn to fraudulent issuance of debit and credit cards in India.
DS Dhesi appointed chief principal secretary to Haryana chief minister Manohar Lal Khattar
Hindustan Times, Chandigarh | By HT Correspondent
PUBLISHED ON OCT 19, 2020 04:01 PM IST
The former chief secretary resigned as Haryana Electricity Regulatory Commission chairman to replace Rajesh Khullar, who heads for a World Bank assignment in the US.
India took host of measures to combat Covid-19 impact: FM to World Bank
New Delhi | By Press Trust of India| Posted by Susmita Pakrasi
UPDATED ON OCT 16, 2020 10:11 PM IST
The Government of India has taken several measures to contain the spread of pandemic, and also to mitigate its social and economic impact, Sitharaman said.
Global economic pain from coronavirus is far from over: IMF
By Bloomberg | Posted by Arpan Rai
PUBLISHED ON OCT 16, 2020 09:45 PM IST
The IMF forecast a 4.4% global contraction for this year, the deepest since the Great Depression but less than its prior estimate of 5.2% in June.
Top World Bank economist says financial crisis could emerge from coronavirus pandemic
By Bloomberg | Posted by Ayshee Bhaduri
UPDATED ON OCT 16, 2020 04:18 PM IST
Top World Bank Economist speaks out after the world’s richest nations agreed to renew a debt relief initiative for the poorest through at least the first half of 2021, falling short of the World Bank’s call for a full-year extension.
IMF recommends three policy priorities to overcome Covid-19 crisis
Washington | By Press Trust of India| Posted by Susmita Pakrasi
UPDATED ON OCT 14, 2020 08:14 PM IST
Releasing Global Policy Agenda at the start of the annual meetings of the International Monetary Fund (IMF) and the World Bank, Georgieva said three measures are needed to overcome the crisis and build a brighter future.
Indian economy will recover from coronavirus crisis with right policies: IMF official
Washington | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON OCT 14, 2020 02:04 PM IST
He further said there is a need to tilt the composition of the fiscal support towards more of the direct spending and tax relief measures and to rely slightly less on the liquidity support measures, the credit guarantees, which are clearly important to support the provision of credit in the economy.
World Bank approves $12 billion for Covid-19 vaccines, treatments in developing countries
Washington | By Reuters | Posted by Prashasti Singh
UPDATED ON OCT 14, 2020 06:17 AM IST
The financing plan, part of $160 billion in total resources that the multilateral development lender has pledged to provide to developing countries through June 2021 to help them fight the coronavirus pandemic, was first reported by Reuters in late September.