World Bank

War could cut global growth to 1.3%: World Bank Chief Economist Gill

The World Bank warned that a prolonged US-Iran conflict could slow global growth to 1.3% in 2026, while fuelling inflation, higher interest rates and debt pressures

CSM Technologies secures World Bank-backed Malawi project worth ₹3.2 crore

The ₹3.2 crore assignment will replace manual auction processes with a secure digital system, supporting transparent procurement and wider digital inclusion in Malawi

World Bank to mobilise $4.2 billion for India's rooftop solar programme

The World Bank will mobilise $4.2 billion in private financing and provide an $890 million package to accelerate rooftop solar adoption under the PM Surya Ghar scheme

World Bank Group commits $890 mn to promote solar rooftop project in India

The World Bank Group has committed USD 890 million funding support to accelerate India's national programme for solar rooftops to bring clean energy to millions of homes and create 1.7 million job opportunities across the renewable energy manufacturing, installation, and services value chain. The World Bank's Board of Executive Directors have approved the project, the multilateral funding agency said in a statement on Friday. The financing package for the programme includes an USD 820 million loan from the International Bank for Reconstruction and Development (IBRD), a USD 60 million concessional loan from the Clean Technology Fund, and a USD 10 million grant from IBRD's Livable Planet Fund, it said. In addition, the World Bank will mobilise USD 4.2 billion in private financing in the form of commercial loans enabling them to install solar rooftops for households, it said. India has committed to achieving net zero by 2070 and increasing non-fossil-fuel-based energy resources to 60

Why Sri Lanka is now an upper-middle-income country while India isn't

Sri Lanka has re-entered the World Bank's upper-middle-income group while India remains lower-middle income because the rankings are based on per capita income, not the size of the economy

World Bank to phase out China lending by 2031 after years of declining

The World Bank plans to end lending to China by 2031 under a new partnership framework, reflecting the country's economic rise and years of declining loan support

$24.6 bn clean energy financial flows to developing nations in 2024: UN rpt

International public financial flows for clean energy reached $24.6 billion in 2024, while progress on electricity access and clean cooking remained too slow to meet SDG 7 targets

World Bank approves $1.5 bn loan to support India's reforms, job creation

The World Bank's Board of Executive Directors has approved USD 1.5 billion in financing to support India's structural reforms aimed at boosting private sector-led job creation and accelerating economic growth. The financing, provided under the Boosting Job Creation in the Private Sector Development Policy Financing (DPF) Operation, is expected to support reforms that can create employment opportunities for 11 million young Indians entering the workforce over the next two decades. The programme builds on reforms undertaken in recent years, including tax simplification, trade integration, regulatory changes, and measures to improve the business environment, the World Bank said in a statement on Monday. The DPF supports initiatives to reduce barriers to entrepreneurship, strengthen labour market participation, particularly among women, streamline trade and investment processes, and improve access to capital for businesses, it added. In November 2025, the government consolidated 29 lab

World Bank clears ₹4,000-crore loan for Haryana water security project

Haryana Chief Minister Nayab Singh Saini on Saturday said the World Bank has approved a loan of Rs 4,000 crore for the state's ambitious 'Jal Sanrakshit Haryana' project aimed at making Haryana water-secure and self-reliant. The total cost of the project is Rs 5,714 crore and it will be implemented in phases between 2026 and 2032. The programme will cover 15 clusters spread across 48.94 lakh acres across the state. Chairing a review meeting of senior officials here, Saini directed departments to prepare a comprehensive water management plan and ensure its effective implementation at the grassroots level. He stressed optimum use of treated water, conservation of every drop of water and development of a digital system for monitoring water availability and usage. The chief minister said village-level water committees would be formed and actively involved in the development and maintenance of water channels. A dedicated fund would also be created for their upkeep, with financial supp

India seeks $2.5 billion funds from World Bank, ADB for infra growth

World Bank and Asian Development Bank are in discussions to disburse loans worth $1.5 billion and $1 billion, respectively, with announcements likely within the next two months

World Bank lifts India FY27 growth view to 6.6%, sees strong recovery

The multilateral lender cited resilient domestic demand and stronger export prospects, while warning that higher energy prices could strain government finances

India to remain fastest growing economy at 6.6% in FY27, says World Bank

The Bank also cut its estimates for global economic growth to 2.5 per cent due to the West Asia crisis; India seen growing at 6.6 per cent in FY27 and 7.2 per cent in FY28

JNPA India's top container port in 2025, 22nd globally: World Bank

Container Port Index shows Mundra down 5 ranks, Pipavav best private port in India

Who is Neelkanth Mishra, India's new Executive Director at World Bank?

The Axis Bank chief economist and EAC-PM member will serve a three-year term at the World Bank headquarters in Washington DC, succeeding Parameswaran Iyer

Economist Neelkanth Mishra appointed World Bank Executive Director

Economist Neelkanth Mishra was on Thursday appointed as Executive Director of the World Bank in the US for a tenure of three years. He will succeed incumbent Parameswaran Iyer, a 1981 batch retired Indian Administrative Service (IAS) officer of Uttar Pradesh cadre. Iyer was appointed to the post in February 2023. The Appointments Committee of the Cabinet (ACC) has approved Mishra's appointment as Executive Director, World Bank Headquarters, Washington DC, USA, for a tenure of three years from the date of assumption of charge of the post, a Personnel Ministry order said. Mishra is a part-time member of the Economic Advisory Council to the Prime Minister (EAC-PM), an independent body constituted to give advice on economic and related issues to the Central government, specifically to the prime minister. A gold medallist from the Indian Institute of Technology, Kanpur, Mishra is the Managing Director and Co-Head of Equity Strategy, Asia Pacific, and the India Strategist for Credit Sui

IMF, World Bank, others warn West Asia conflict straining energy supplies

They said that the world economy remained resilient, but the conflict was disproportionately affecting poorer countries through ‌higher fuel and fertiliser prices, increased uncertainty, and job risks

Datanomics: One in four Indians still lacks access to safe drinking water

India has improved access to safe drinking water, but one in four people still lack reliable supply, with rural areas and groundwater dependence a key concern

World Bank's IFC plans to scale up investments in India to $10 bn by 2030

Annual investments in India by IFC, the private-sector arm of the World Bank Group, have ‌risen to about $5.4 billion in 2024-25 from about $1.3 billion in financial year 2021-22

IMF, World Bank meetings show limits in mitigating shocks, reliance on US

The IMF and the World Bank pledged up to a combined $150 billion in new financing assistance for developing countries hit hardest by the massive energy price shock

India's strong growth outlook intact despite global volatility: Govt

Anuradha Thakur, Secretary in the Department of Economic Affairs, said India continues to stand out as a reliable and rapidly expanding economic partner