Page 8 - World Bank Group

IMF's Georgieva accuses former World Bank Prez Kim's office of manipulation

Georgieva said her effort to prevent Hong Kong data from being added to China's Doing Business ranking demonstrated her concern for preserving the integrity of World Bank data.

Montek Ahluwalia named member of World Bank-IMF High-Level Advisory Group

Climate change is at the top of the agenda this year in both developed and emerging market countries, says Ahluwalia

World Bank boosts growth forecasts as US stimulus, vaccines stoke demand

Emerging markets excluding China are expected to grow 4.4% in 2021

World Bank approves $500 mn program to help boost India's MSME sector

The loan has a maturity of 18.5 years including a 5.5-year grace period.

IFC to invest $100 mn in JC Flowers India fund to help resolve NPAs

International Finance Corporation (IFC) is a World Bank Group entity

World Bank, IMF eye ways to link debt relief to climate change spending

Source said planning was still in the early stages, but the goal was to launch the platform late in 2021, with a secretariat to be hosted at the World Bank

World Bank economist Deepak Mishra appointed as director of ICRIER

Mishra has held various positions at the World Bank, including co-director of the World Development Report 2016

Post Covid, 65% low income countries slashed education budgets: Report

The World Bank report said the current levels of government spending in low and lower-middle income countries fall short of those required to achieve the Sustainable Development Goals

World Bank approves cash assistance to crisis-struck Lebanon

The World Bank approved a $246 million loan to Lebanon to provide emergency cash assistance to nearly 800,000 Lebanese reeling under the country's compounded economic and health crises.

IFC invests $30 mn in Biological E to boost Covid-19 vaccine production

The loan will support the pharmaceutical firm's expansion of low-priced, generic vaccines for routine immunisation of children and to boost capacity for manufacturing any future Covid-19 vaccine

IFC and its fund to invest $76 mn in Puravankara affordable housing

Two of the four projects being funded are planned in Kochi and Bengaluru, with saleable area of 4.5 mn sq ft. About 4,000 housing units will be built in next 5-7 seven years

World Bank okays $300 mn loan to Pak to tackle climate change, solid waste

The Washington-based lender approved $200 million for the Sindh Resilience project and $100 million for the Solid Waste Emergency and Efficiency project

World Bank says G20 may agree to only six-month debt relief extension

World Bank President David Malpass said the two institutions would propose a joint action plan to reduce the debt stock for poor countries with unsustainable debts

Reducing Covid risks may help economy more than easing curbs: World Bank

Global institution uses daily electricity consumption and night-time light intensity to gauge impact of Covid-19

IFC to invest $10 mn in Endiya Partners Fund II for product start-ups

Endiya Partners is a seed and early-stageventure capital firm investing in IP-led Indian product start-ups that are globally relevant

IMF, World Bank confirm plans for 'primarily virtual' annual meetings

Malpass first disclosed the plans for virtual annual meetings in a letter to the Bank's governors on Monday

World Bank approves $750 mn emergency response fund for India's MSME sector

This takes the World Bank's total commitment to $2.75 billion to support India's emergency Covid-19 response

Covid-19 crisis: World Bank to rescue with $160-billion aid to 100 nations

'Covid, shutdown may push as many as 60 mn people into extreme poverty'

A tale of hubris, luck and ignorance

One cannot help notice three similarities in Covid-19 and the Global Financial Crisis

G20 nations to freeze debt of world's poorest; IMF, World Bank welcome move

The actions to freeze both principal repayments and interest payments will free up more than $20 billion for the countries to spend on improving their health systems