World Bank
- Middle East
FAO receives World Bank grant to support resilience projects in Yemen
Rome, Dec 14 (IANS) The Rome-based Food and Agriculture Organization (FAO) said that it received a new grant worth $150 million to help fund assistance to vulnerable households in war-torn Yemen. The…
- Pakistan
Pakistan’s total external debt stocks by 2021 stood at USD 130.43 billion: World Bank
Islamabad: The World Bank has estimated Pakistan’s total external debt stocks stood at USD 130.433 billion by end-2021 in comparison to USD 115.695 by the end-2020, Business Recorder, reported. In its latest…
- Business
World Bank upgrades India’s GDP growth to 6.9% for current fiscal
New Delhi: The World Bank on Tuesday expressed optimism that India’s real GDP would grow at 6.9 per cent in the current fiscal, an improvement from its previous projection of 6.5 per…
- India
India to receive over record USD 100 billion in remittances in 2022: World Bank
Washington: Retaining its spot as the world’s top recipient of remittances, migrant workers from India are set to send home a record USD 100 billion in 2022, despite global headwinds like rising…
- World
Bangladesh needs up to $12.5 bn for climate action: World Bank
Dhaka: Bangladesh will need at least $12.5 billion, approximately 3 per cent of its gross domestic product (GDP), in the medium term for climate action, according to a World Bank report. Financing…
- World
World Bank steps in to mediate India-Pak water dispute
Islamabad: The World Bank announced the beginning of two parallel legal processes to address Pakistan’s concerns over two hydropower projects on the western rivers by India in violation of the Indus Basin…
- India
Inflation ‘manageable’ at 7.4 percent, love to see it down to 4 percent: Sitharaman
Washington: Finance Minister Nirmala Sitharaman has reiterated that the inflation rate, which is hovering over 7 percent in India, is “at a manageable level” compared to where some other countries are at…
- World
‘Remain steadfast on principles of common responsibilities’: Sitharaman to World Bank
New Delhi: Finance Minister Nirmala Sitharaman has urged the World Bank to avoid a unidimensional view of subsidies and not to lose focus on the internationally agreed basic principle of common but…
- 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
Global economy in its steepest slowdown since 1970: World Bank
Washington: Interest rate hikes by central banks around the world could trigger a global recession in 2023, the World Bank has warned, media reports said. Central banks have raised rates “with a…
- 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…
