Page 17 - World Bank
Pakistan seeks assurance from Saudi Arabia to unlock IMF deal: Report
Pakistan is seeking confirmation from Saudi Arabia for securing additional deposits of $2 billion and a %950 million loan programme from the World Bank and Asian Infrastructure Investment Bank (AIIB)
 "Pakistan seeks assurance from Saudi Arabia to unlock IMF deal: Report")
The roots of global success
Ajay Banga leading the World Bank makes us think once again about what is making Indians popular in decision-making positions
 "The roots of global success")
LIVE: Marion Biotech to lose manufacturing licence in cough syrup case
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World Bank chief nominee Ajay Banga to visit Cote D'Ivoire, Kenya next week
During his trip, Ajay will draw from his experience living and working in emerging markets and his expertise in forging public-private partnerships to mobilize investments , action to tackle challenge
 "World Bank chief nominee Ajay Banga to visit Cote D'Ivoire, Kenya next week")
Recent earthquake caused damage worth $5.1 billion in Syria: World Bank
The World Bank said on Friday that Syria sustained an estimated USD 5.1 billion in damages in last month's massive earthquake that struck southeast Turkey and northern parts of the war-torn country. The quake killed at least 50,000 people, including about 6,000 in Syria, according to the United Nations. Tens of thousands are still missing and hundreds of thousands were left homeless. In a report released on Friday, the World Bank says the level of the damage in Syria is about 10 per cent of the country's gross domestic product. Syria's northern province of Aleppo was the most severely hit region, accounting for 45 per cent of the total damages in Syria and amounting to about USD 2.3 billion in damages. Also badly hit was the rebel-held region in the northwest, home to some 4.6 million people, many of them previously displaced by Syria's war. Aleppo was followed by the northwestern province of Idlib, with estimated damages of USD 1.9 billion and Latakia, government-controlled territ
 "Recent earthquake caused damage worth $5.1 billion in Syria: World Bank")
World Bank commits $1 bn to India for public healthcare infrastructure
The World Bank and India on Friday signed two complementary loans of USD 500 million each to support and enhance the country's healthcare infrastructure. Through this combined financing of USD 1 billion (about Rs 8,200 crore), the bank will support India's flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM), launched in October 2021, to improve the public healthcare infrastructure across the country, the multilateral funding agency said in a statement. In addition to the national-level interventions, one of the loans will prioritize health service delivery in seven states including Andhra Pradesh, Kerala, Meghalaya, Odisha, Punjab, Tamil Nadu, and Uttar Pradesh, it said. The agreement was signed by Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs and World Bank India country director Auguste Tano Kouam, it said. The COVID-19 pandemic brought to the fore the urgent need for pandemic preparedness and health system strengthening aro
 "World Bank commits $1 bn to India for public healthcare infrastructure")
LIVE: Delhi likely to be landfill free by 2024, says CM Arvind Kejriwal
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World Bank nominee Ajay Banga is a 'big believer' in climate science
Banga added that he's preparing to embark on a three-week trip to both creditor and borrower nations to shore up support for his nomination
US nominee to head World Bank, Ajay Banga, to visit China, other countries
Banga said he believes the scientific evidence on climate change, and underscored the need for the bank to continue to work on poverty reduction and inequality
 "US nominee to head World Bank, Ajay Banga, to visit China, other countries")
US pick to head World Bank, Ajay Banga, starts 'charm offensive': Report
Directors appreciated Banga's management and leadership experience, and his willingness to engage openly, the source added
World Bank assures support to Sri Lanka's development reform programme
The World Bank assured its support to development reform programme of Sri Lanka, which is going through its worst-ever economic crisis in the history
 "World Bank assures support to Sri Lanka's development reform programme")
Direct damages of Turkiye earthquakes equivalent to 4% of GDP: World Bank
At least 1.25 million people have lost their homes due to the earthquakes
 "Direct damages of Turkiye earthquakes equivalent to 4% of GDP: World Bank")
Statsguru: G20 puts the rising debt burden of poorer countries in focus
The World Bank noted in December 2022 that the poorest countries saw their debt treble to $1 trillion over the decade ending 2021
 "Statsguru: G20 puts the rising debt burden of poorer countries in focus")
World Bank nominee's credentials will overcome selection criticism: Yellen
In an interview, Yellen affirmed her support for the longstanding tradition of the United States choosing the World Bank's leader and Europe choosing the head of the International Monetary Fund
 "World Bank nominee's credentials will overcome selection criticism: Yellen")
FM meets heads of World Bank, IMF, discusses issue of debt restructuring
Finance Minister Nirmala Sitharaman on Saturday held a roundtable with the heads of the World Bank and the IMF and discussed the issue of debt restructuring faced by some of the countries. The roundtable with World Bank President David Malpass and IMF managing director Kristalina Georgieva held on the sidelines of the first G20 Finance Ministers and Central Bank Governors meeting here discussed the issue of debt restructuring challenges and debt vulnerabilities. "Finance Minister Smt. @nsitharaman flagged the need to acknowledge today's diverse creditor landscape and build a common understanding of challenges and ways to address them," a tweet from the Finance Ministry said. She called for the voices of the vulnerable and under-represented debtor countries to be heard through the G20. "Ms@KGeorgieva, MD, IMF@IMFNews and Mr@DavidMalpassWBG, President @WorldBank called for faster debt restructuring processes and noted the debt forum was an opportunity to work together and help ...
 "FM meets heads of World Bank, IMF, discusses issue of debt restructuring")
US nominee for World Bank president gets positive reviews at G20 meeting
The finance ministers of France and Germany gave positive reviews to Banga, nominated on Thursday by US President Joe Biden as a surprise choice to lead the World Bank's transformation
 "US nominee for World Bank president gets positive reviews at G20 meeting")
US nominee for World Bank wins positive reviews at G20 finance meeting
The US nominee to lead the World Bank, ex-MasterCard CEO Ajay Banga, gained traction with leading members, a sign that he will likely have a smooth ride to confirmation by bank's executive board
Who is Ajay Banga, nominated by Joe Biden to be next World Bank president?
Announcing Banga's nomination, Biden said that Banga is "uniquely equipped to lead" the World Bank
Activists blast Biden's pick of Wall St insider Banga for World Bank prez
The World Bank needs a leader who will prioritize the urgency of the climate crisis, not another big business executive, said Collin Rees, US program co-manager at Oil Change International
Top headlines: Punit Goenka moves NCLAT for relief, 1 year of Ukraine war
Business Standard brings you the top headlines at this hour
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