Centre withdraws request to World Bank for financing Amaravati project
Amaravati, July 21 (UNI): On July 15, the Union government withdrew its request to the World Bank for financing the proposed Amaravati Sustainable Infrastructure and Institutional Development Project.
World Bank downgrades global growth forecasts, poorest countries hardest hit
New York, June 7 (IBNS): The World Bank has lowered its expectations of global economic growth for this year in a new report. It says that, although the picture for poorer countries is expected to stabilize in 2020, economic momentum remains weak.
World Bank puts India's growth forecast at 7.5 percent for fiscal 2020
Washington, June 5 (IBNS): In its current forecast, World Bank has put India's growth rate at 7.5 percent in the present financial year.
World Bank's $ 70 million loan to Sri Lanka to strengthen local authorities
Colombo, May 14 (UNI): International Development Association (IDA) of the World Bank has provided a loan of $ 70 million to Sri Lanka to strengthen the services provided by local authorities to the people in several districts across the island, a statement from Sri Lanka's finance ministry said here Tuesday.
World Bank's newly-elected president says looks forward to constructive relationship with China
Washington, Apr 12 (Xinhua/UNI) David Malpass, who was elected president of the World Bank last week, said Thursday that he looks forward to a constructive relationship between the international lender and China.
India remains top recipient of remittances with $79 billion in 2018: World Bank
New Delhi, Apr 10 (IBNS): India has retained its position as the world's top recipient of remittances, a World Bank report has said.
David Malpass takes office as World Bank president
Washington, Apr 10 (Xinhua) David Malpass on Tuesday took office as the president of the World Bank Group, and said he looks forward to undertaking the task with enthusiasm.
David Malpass becomes 13th President of World Bank Group
Washington, Apr 6 (IBNS): The Executive Directors of the World Bank on Friday unanimously selected David R. Malpass as President of the World Bank Group for a five-year term beginning on Tuesday.
New Delhi, Feb 15 (IBNS): The Government of India, Government of Himachal Pradesh (GoHP) and the World Bank signed here today a $40 Million Loan Agreement to help bring clean and reliable drinking water to the citizens of the Greater Shimla area, who have been facing severe water shortages and water-borne epidemics over the last few years.
India will accelerate to 7.3 percent in FY 2018/19: World Bank
Washington, Jan 9 (IBNS): The World Bank on Tuesday projected that India will accelerate to 7.3 percent in FY 2018/19.
Global economy to slow to 2.9 percent in 2019 as trade, investment weaken: World Bank
Washington, Jan 9 (IBNS): Global economic growth is projected to soften from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019 amid rising downside risks to the outlook, the World Bank said on Tuesday. International trade and manufacturing activity have softened, trade tensions remain elevated, and some large emerging markets have experienced substantial financial market pressures.
Conclave Rural Connect-2018 encourages farmers to turn into agro-entrepreneurs
Kolkata, Dec 7 (IBNS): A two-day conclave titled 'Rural Connect 2018' was recently organised in Kolkata to encourage farmers in West Bengal to turn into agro-entrepreneurs from agro-producers.
Indian government rejects World Bank's HCI report
New Delhi, Oct 12 (IBNS): The Indian government has rejected the World Bank's Human Capital Index (HCI) findings where it has placed the Asian nation at 115th position out of 157 countries on various parameters.
Kolkata, Sept 24 (IBNS): Deeper regional trade and connectivity has the potential to more than triple India’s trade with its South Asian neighbors, says a new World Bank report.
India, World Bank sign $300 million agreement to scale up India’s energy efficiency program
Kolkata / New Delhi, Aug 28 (IBNS): The Government of India, the Energy Efficiency Services Limited (EESL), and the World Bank on Monday signed a $220 million Loan Agreement and a $80 million Guarantee Agreement for the India Energy Efficiency Scale-Up Program.