Page 2 - World Bank

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

World Bank chief warns of looming jobs crisis even after Iran war ends

World Bank chief said governments must balance immediate crises with long-term priorities including job creation, clean water access and electrification

India got highest number of regressive tax recommendations from IMF: Oxfam

India received the highest number of regressive tax recommendations from the International Monetary Fund (IMF) between 2022 and 2024, according to an analysis by Oxfam. The analysis, released ahead of the IMF and World Bank spring meetings in Washington, has flagged that the global body is applying "double standard" by giving largely progressive advice to wealthy countries while suggesting regressive measures for others that are "likely to exacerbate inequality". The report said 59 per cent of the IMF's tax advice to low- and lower-middle-income countries was regressive, while 52 per cent of its recommendations to high-income countries were progressive. A regressive tax refers to a uniform taxation system which burdens those in lower income groups more than high earners. In contrast, a tax levied in proportion to one's income is termed progressive. Oxfam examined 1,049 tax recommendations made by the IMF to 125 countries between 2022 and 2024 and found that only 30 recommendations,

IMF, World Bank meet to assess fallout of Trump's Iran war on growth

IMF chief Kristalina Georgieva warned that the international community is becoming less able to respond to shocks

World Bank releases $340 mn for Amaravati, $150 mn more likely in April

The World Bank has released USD 340 million so far for the Amaravati Capital Phase-I development, a top official from the international financial institution has said. Andhra Pradesh is likely to get another USD 150 million by the end of April, a senior state government official said. "In April, we are getting another USD 130-150 million from both the entities (WB and ADB)." The rate of interest would be about 8 to 8.5 per cent and will keep fluctuating depending upon the international rates, the official said. The World Bank, along with the Asian Development Bank have committed USD 1,600 million (USD 800 each) for the Amaravati Capital Phase-I development. Besides the WB and ADB, the Centre will be funding Rs 1,400 crore, out of the Rs 15,000 crore committed by it. "In terms of disbursements, the World Bank has issued USD 340 million as of April 2026. The AIUDP (Amaravati Integrated Urban Development Programme) is being implemented under the Program for Results framework, under wh

West Asia oil shock threatens India despite robust buffers: World Bank

High oil prices pose risks but India's strong buffers, resilient exports and policy space can help navigate global uncertainty, says the World Bank

India well placed to handle energy shock, backed by strong buffers: WB

The World Bank on Thursday said India is well placed to weather the current global energy shock with ample buffers, including high foreign exchange reserves, fiscal space and low inflation, which will support growth despite global headwinds. Addressing a conference a day after raising India's GDP growth projections for the current fiscal to 6.6 per cent, the World Bank said India had dealt well the trade turbulence last fiscal and the Indian economy entered the current Middle East crisis, which has led to volatility in oil markets, "from a position of strength". World Bank Regional Practice Director, Prosperity, for South Asia, Sebastian Eckardt said, "India has strong policy buffers, high Forex reserves, fiscal space, to provide support as needed, as well as low inflation, and strong goals moment going into this current shock. And that strong growth momentum is supported by gross positive policies, including the EU FTA the new labour, all of these things, of course, reinforced and

India's projected 6.6% growth in FY27 skewed to downside: World Bank

Retail inflation is projected at ​4.9% for the current fiscal year ‌reflecting higher food and ​energy prices ‌and exchange depreciation pressure