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World Bank slashes India's GDP forecast to 8% from 8.7% in fiscal year 2022-23

  • "High oil and food prices caused by the war in Ukraine will have a strong negative impact on peoples’ real incomes,” Hartwig Schafer, World Bank Vice President for South Asia, said in a statement.
In India, household consumption will be constrained by the incomplete recovery of the labour market from the pandemic and inflationary pressures, the World Bank said.(Reuters)
In India, household consumption will be constrained by the incomplete recovery of the labour market from the pandemic and inflationary pressures, the World Bank said.(Reuters)
Updated on Apr 13, 2022 06:05 PM IST
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Reuters |

World Bank approves $723 million in loans, grants for strife-torn Ukraine

The package includes a $350 million loan supplement to a prior World Bank loan, augmented by about $139 million through guarantees from the Netherlands and Sweden, the bank said in a statement.
The bank said it was continuing to work on another $3 billion package of support for Ukraine in coming months.(REUTERS)
The bank said it was continuing to work on another $3 billion package of support for Ukraine in coming months.(REUTERS)
Published on Mar 08, 2022 06:38 AM IST
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Reuters |

India, World Bank ink agreement to improve learning for over 50 lakh AP students

  • The beneficiaries are about 40 lakh 6-14 age students in over 45,000 government schools, and over 10 lakh 3-6 years old students enrolled in Anganwadis (Integrated Child Development Centers), and about 1,90,000 teachers, and more than 50,000 Anganwadi workers.
India, World Bank ink agreement to improve learning for over 50 lakh AP students
India, World Bank ink agreement to improve learning for over 50 lakh AP students
Published on Nov 23, 2021 02:04 PM IST
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Edited by Maitree Baral, New Delhi

World Bank to discontinue ‘Doing Business’ reports after irregularities found

  • The irregularities in Doing Business reports had affected four countries: China; Saudi Arabia; United Arab Emirates; and Azerbaijan.
In August 2020, World Bank paused the publication of Doing Business reports following a number of irregularities.(File Photo)
In August 2020, World Bank paused the publication of Doing Business reports following a number of irregularities.(File Photo)
Published on Sep 16, 2021 09:06 PM IST
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By | Written by Kunal Gaurav, Hindustan Times, New Delhi

'Deeply concerned': World Bank freezes aid to Afghanistan after Taliban takeover

The suspension from World Bank follows the Taliban's swift takeover of Afghanistan, as US forces prepared to complete a withdrawal with a deadline of August 31.
World Bank held off on making a statement until it had pulled all of its personnel out of the country, according to a bank source. (File Photo)
World Bank held off on making a statement until it had pulled all of its personnel out of the country, according to a bank source. (File Photo)
Updated on Aug 25, 2021 08:32 AM IST
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AFP |
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