World Bank
- Business
World dangerously close to recession, warns World Bank President
Washington: World Bank President David Malpass on Thursday warned that the global economy is “dangerously close” to a recession and called for targeted support for the poor. “The growth rate, we’ve lowered…
- World
US: Sitharaman holds bilaterals on sidelines of IMF-World Bank meetings
Washington: On the sidelines of the International Monetary Fund (IMF) and the World Bank meetings, Union Finance Minister Nirmala Sitharaman held back-to-back bilaterals with global finance ministers and heads of the top…
- Business
World Bank cuts India’s GDP growth outlook
New Delhi: Citing the deteriorating global scenario, the World Bank on Thursday downgraded India’s GDP forecast for the current fiscal to 6.5 percent. In June 2022, it had projected that Indian economy…
- Business
Gujarat gets USD 350 mn loan from World Bank for augmenting healthcare services
New Delhi: The World Bank on Thursday said it has approved a USD 350 million (over Rs 2,832 crore) loan to Gujarat for spending towards public healthcare services, focussed specially on adolescent…
- World
World Bank warns of rising global recession risk amid simultaneous rate hikes
Washington: As central banks across the world are simultaneously hiking interest rates in response to inflation, the world may be edging toward a global recession in 2023, the World Bank warned. Central…
- World
Pakistan owes 30% of its foreign debt to China
Islamabad: Pakistan owes 30 per cent of its foreign debt to China, the latest report from the International Monetary Fund (IMF) said, which includes state-owned commercial banks, local media reported. Bloomberg, citing…
- Andhra Pradesh
AP: YSRCP govt destroying schools in state, claims TDP leader
Hyderabad: TDP national Spokesperson K Pattabhi Ram on Thursday criticised the YSRCP Government for deciding to merge government schools in Andhra Pradesh just to receive a 250 dollar million loan from the…
- Afghanistan
FAO, World Bank step up response to worsening food security in Afghanistan
Rome: The Food and Agriculture Organization of the United Nations (FAO) welcomed an unprecedented $150 million contribution from the World Bank to provide critical livelihood and life-saving assistance to the most vulnerable…
- Kashmir
LG inaugurates nine World Bank funded projects in J-K
Srinagar: Jammu and Kashmir Lieutenant Governor Manoj Sinha on Tuesday inaugurated nine projects of the Jhelum and Tawi Flood Recovery Project (JTFRP) funded by the World Bank. The Lt Governor also unveiled…
- World
World Bank approves three emergency projects for Afghanistan
Kabul: The World Bank and Afghanistan Reconstruction Trust Fund (ARTF) Management Committee have recently approved three projects totalling $793 million that will provide urgent and essential food, livelihood, and health services to the…
- World
World Bank to disburse USD 700 million to crisis-hit Sri Lanka: Report
Colombo: The World Bank is planning to disburse USD 700 million to crisis-ridden Sri Lanka by re-purposing its existing loans, a move that will help the island nation grappling with an unprecedented…
- World
Russia-Ukraine war could cause global recession: World Bank chief
Washington: David Malpass, chief of the World Bank. has warned that Russia’s ongoing invasion of Ukraine could cause a global recession as the price of food, energy and fertiliser jump. He made…
- World
World Bank announces up to $30bn to address food insecurity
Washington: The World Bank has announced actions it plans to take as part of a comprehensive, global response to the ongoing food security crisis, with up to $30 billion in financing in…