World Bank to provide $60 million for Nepal’s higher education
The World Bank will provide $60 million to Nepal to improve the quality of Nepal's higher education, scale up online learning, and expand access to academic institutions for underprivileged and vulnerable students. The lender’s board of executive directors approved funding for it.
World Bank assures Afghanistan of continued assistance
The World Bank has assured the Afghan government of its continued assistance within the framework of the commitments made ar last year’s Geneva conference. The assurance came after Hartwig Schafer, the World Bank Vice-President for the South Asia region, met Afghan President Ashraf Ghani early this week.
Pakistan shares debt management plan with World Bank
Pakistan has shared with the World Bank a revised outline of the Circular Debt Management Plan that seeks rationalization of taxes, negotiated takeover of old independent power plants (IPPs) and closure of all old public sector plants to increase electricity tariffs, Dawn reported.
Pakistan signs $1.3 billion deal with World Bank
The World Bank has signed agreements with Pakistan’s government to provide the country $1.33 billion in assistance to boost its foreign reserves and social sectors, reported Dawn.
World Bank says Uzbekistan's economic outlook remains positive despite pandemic
Tashkent/Xinhua: Uzbekistan will be one of only two states in Europe and Central Asia to demonstrate economic growth in 2020, according to the World Bank's Economic Update released Wednesday.
World Bank rebuffs Pakistan, refuses to mediate in Indus water sharing issue
Islamabad/UNI: In a rebuff to Pakistan, the World Bank has refused to unilaterally decide on appointment of a neutral expert or Court of Arbitration (COA) for settling the dispute over the water sharing agreement between India and Pakistan under the 1960 Indus Water Treaty and suggested that the two countries mutually decide the matter.
World Bank increases financing for Bangladesh's food security project
Dhaka/UNI: World Bank's Board of Executive Directors has approved a 202 million US dollar additional financing package for Bangladesh's Modern Food Storage Facilities Project so as to increase the country's storage capacity.
Support measures helped prevent poverty increase in Russia amid COVID-19 - World Bank
Moscow/Sputnik: The government's support measures helped Russia avoid a sudden increase in poverty amid the coronavirus pandemic, the World Bank's Country Director for Russia Renaud Seligmann told Sputnik.
Washington/IBNS: New purchasing power parities (PPPs) for reference year 2017 that adjust for differences in the cost of living across economies were released today by the International Comparison Program (ICP).
Pakistan's economy may fall into recession due to COVID-19 break - World Bank
Islamabad/Xinhua/UNI: Pakistan may fall into an economic recession owing to the outbreak of COVID-19 in the country, a World Bank report said on Sunday.
China's GDP growth to decline to 2.3 pc in baseline scenario in 2020, warns World Bank
Washington/Sputnik/UNI/IBNS: China's GDP growth is expected to decline to 2.3 per cent in the baseline scenario in 2020 due to the novel coronavirus (COVID-19) pandemic, the World Bank said in a report.
China's GDP growth to decline to 2.3 pc in baseline scenario in 2020: World Bank
Washington/Sputnik/UNI: China's GDP growth is expected to decline to 2.3 per cent in the baseline scenario in 2020 due to the novel coronavirus (COVID-19) pandemic, the World Bank said in a report.
New York/IBNS: The top United Nations official in Somalia congratulated the Horn of Africa nation on Wednesday for achieving the benchmark set by the World Bank and the International Monetary Fund (IMF), confirming its eligibility for debt relief.
World Bank Group launches initiatives supporting women entrepreneurs
Dubai/IBNS: The World Bank Group announced two new initiatives to improve access to start-up financing and e-commerce markets for women entrepreneurs, at the Women Entrepreneurs Finance Initiative (We-Fi) Middle East and North Africa (MENA) Summit.
Bangladesh: $100 million World Bank financing for safe water and sanitation in municipalities
Dhaka/IBNS: The government of Bangladesh on Wednesday signed a $100 million financing agreement with the World Bank to ensure improved water supply, sanitation, and drainage system in selected 30 municipalities, benefiting about 600,000 people.