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World Bank to offer $30 billion as Ukraine war threatens food security

The total will include $12 billion in new projects and over $18 billion funds from existing food and nutrition-related projects that have been approved but have not yet been disbursed, the bank said.
The World Bank's plans were the largest component of a US Treasury Department report summarizing food security action plans from international financial institutions released on Wednesday.(Reuters file photo. Representative image)
The World Bank's plans were the largest component of a US Treasury Department report summarizing food security action plans from international financial institutions released on Wednesday.(Reuters file photo. Representative image)
Published on May 19, 2022 05:36 AM IST
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Reuters |

Sri Lanka in talks to extend World Bank aid, plans new budget: Finance minister

The island nation's budget was currently unsustainable, Ali Sabry told a parliament session, adding he expected to bring in a new budget.
People shout slogans against Sri Lanka's President Gotabaya Rajapaksa and demand that Rajapaksa family politicians step down, during a protest amid the country's economic crisis, at Independence Square in Colombo, Sri Lanka. (REUTERS)
People shout slogans against Sri Lanka's President Gotabaya Rajapaksa and demand that Rajapaksa family politicians step down, during a protest amid the country's economic crisis, at Independence Square in Colombo, Sri Lanka. (REUTERS)
Published on May 04, 2022 12:05 PM IST
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Reuters |

Decoding India’s pitch as a reliable marketplace

  • American technology giants and multinationals firms either committed to invest in India or evinced interest in setting up their facilities in world’s fastest growing economies.
Finance minister Nirmala Sitharaman. (File image)
Finance minister Nirmala Sitharaman. (File image)
Updated on Apr 28, 2022 08:55 AM IST
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ByRajeev Jayaswal, New Delhi

Sri lanka loan talks 'fruitful', says IMF as World Bank readies relief package

  • The country’s finance minister Ali Sabry held a series of meetings in Washington with the officials from the IMF, the World Bank, India and others, seeking financing help.
Demonstrators stand in a queue for food in a protest area, dubbed the Gota-Go village, as people gather in opposition to Sri Lanka's President Gotabaya Rajapaksa near the Presidential Secretariat, amid the country's economic crisis, in Colombo, Sri Lanka.(REUTERS)
Demonstrators stand in a queue for food in a protest area, dubbed the Gota-Go village, as people gather in opposition to Sri Lanka's President Gotabaya Rajapaksa near the Presidential Secretariat, amid the country's economic crisis, in Colombo, Sri Lanka.(REUTERS)
Published on Apr 24, 2022 07:07 AM IST
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After IMF, World Bank, UBS trims India growth forecast to 7 per cent

The International Monetary Fund had revised its India growth to 8.2 per cent, down by 0.8 base points from the previous year. The World Bank had also cut its economic growth forecast for India from 8.7 per cent to 8 per cent. 
The UBS has projected India's growth at 7 per cent for the current financial year.(Reuters)
The UBS has projected India's growth at 7 per cent for the current financial year.(Reuters)
Published on Apr 22, 2022 04:29 PM IST
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By | Written by Aryan Prakash
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