Page 17 - World Bank

World Bank arm IFC to invest Rs 600 cr in M&M's new last-mile mobility firm

Deal values newly incorporated company at Rs 6,020 cr; the investment, which will be in the form of compulsory convertible instruments, will give IFC an ownership of 9.97-13.64% in the enterprise

Opportunity for reforms at World Bank

Ajay Banga, its proposed new chief, must steer the bank into becoming a global institution for climate change and sustainability instead of just another multipurpose development bank

Deepak Bagla resigns as managing director and CEO of Invest India

Bagla was at the helm of Invest India since 2015. Earlier, he had stints at World Bank, Citibank, and private equity firm 3i Group

G20 must give more funds to World Bank for Global South: Rockefeller's Shah

The foundation's president says COP21 Pledge of $100 bn from richer nations hasn't been met and is no longer enough

World Bank pledges $500mn to support Lebanon's agri, vulnerable population

The World Bank announced that it will allocate about $300 million this year to provide social protection to Lebanon's vulnerable population and invest $200 million in the country's agriculture sector.

ICAR announces 1st international conference with World Bank

The conference and exhibition will be inaugurated by Narendra Singh Tomar, Minister of Agriculture & Farmers Welfare

Russia plans to challenge US nominee Ajay Banga to World Bank

Russia remains a voting member of the World Bank, although the bank halted all programs in Russia and Belarus last March

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)

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

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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

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

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

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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 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

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

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