Page 2 - World Bank

World Bank-funded Haldia multimodal terminal gets private operator

Built by IWAI with financial and technical assistance from the World Bank, the Haldia MMT in West Bengal has a capacity of 3.08 million metric tonnes per annum (MMTPA)

World Bank's Banga seeks more transparency in debt restructuring process

Banga said the World Bank was working very closely with the International Monetary Fund and others to accelerate debt restructuring under the G20 Common Framework for Debt Treatments

UP's resilient farming model exemplary for small farmers: World Bank chief

World Bank Group President Ajay Banga has praised Uttar Pradesh's efforts to integrate technology with agriculture, describing the state's "resilient farming model" a global example for small and marginal farmers. Speaking at the AgriConnect Flagship event during the 2025 Annual Meetings of the World Bank, Banga showcased the UP model, having visited the state and seen things for himself in May, said the state's director of information, Vishal Singh. "The World Bank also posted its chief's speech on X, where he described what he witnessed in Uttar Pradesh," he said. The UP government also put out a statement stating how Banga commended the Yogi Adityanath government for developing an agricultural ecosystem that is resilient by design, stressing that climate adaptability was built into the system from the start rather than added later. "The way Uttar Pradesh is addressing climate challenges through its farmers is remarkable," Banga said in his speech that was shared by the UP ...

World Bank flags AI’s impact: White-collar job listings fall 20% in South Asia | AI's impact on jobs

A new World Bank report reveals that the rise of generative AI has led to a significant drop in white-collar job listings across South Asia, especially in India’s services sector.

World Bank ups India's FY26 growth forecast to 6.5%, lowers FY27 projection

India, however, is expected to remain the world's fastest-growing major economy, supported by continued strength in consumption growth

GenAI led to 20% fall in white-collar job listings in S Asia: World Bank

The World Bank drew on monthly data from labour market research and consulting firm Lightcast, covering 28 million job postings between 2020 and 2025

Sri Lanka's recovery remains incomplete, urgent reforms needed: World Bank

Sri Lanka's recent economic performance has been strong, but the recovery remains incomplete, the World Bank said on Tuesday. "With growth still below pre-crisis levels and poverty significantly elevated, strengthening the recovery will require continued macroeconomic stability, urgent structural reforms, and more efficient, better-targeted public spending, it said. Sri Lanka's economy crashed in 2022 due to a forex crisis stemming from the COVID-19 pandemic and other flawed political and economic management reasons since 2019. The current turnaround was aided by the four-year IMF bailout of nearly 3 billion USD pinned to a stringent reform regime. While Sri Lanka's recent economic progress is encouraging, the recovery is uneven and incomplete, said David Sislen, World Bank Division Director for Maldives, Nepal, and Sri Lanka. The World Bank projects Sri Lanka's economy to grow by 4.6 per cent in 2025 supported by a modest rebound in industry and steady growth in services before

World Bank cuts South Asia outlook to 5.8% on Trump tariffs to India

Washington-based institution projected South Asia's growth to ease to 5.8 per cent in 2026, down from 6.6 per cent this year, a sharper slowdown than previously anticipated.

Kautilya Conclave: AI boosting services exports, says World Bank economist

South Asia Chief Economist Franziska Ohnsorge flags India's low net FDI flows

Tax-to-GDP: What India can learn from countries with better collections

Exploring India's tax-to-GDP gap, lessons from global reforms, and the role of social security contributions in boosting revenue and citizen compliance

JNPA among 20 most-improved container ports globally: World Bank

In 2024, JNPT stood at the 19th rank globally among the ports which saw the highest improvement, according to the multilateral institution

The Finance Commission is key to saving our cities from climate change

Its current horizontal devolution formula is insufficient to prepare cities to deal with floods and droughts caused by climate change

WB approves $212.64 mn project to support coastal communities in TN, K'taka

The World Bank has approved a new programme to support coastal communities in India by conserving ecosystems, reducing plastic pollution and creating jobs for 1 lakh people in Tamil Nadu and Karnataka. The USD 212.64 million Strengthening Coastal Resilience and the Economy (SHORE) project is part of the USD 850 million SHORE programme that has been initiated by the World Bank to address challenges faced by the coastal communities. India has a long coastline of more than 11,000 km, while one-third of it is vulnerable to erosion and extreme climate events. Around 250 million people depend on coastal areas for their livelihood. The coastline also provides habitats for 18,000 known species of flora and fauna, offering vital economic opportunities and sources of livelihood for coastal communities. However, marine ecosystems are at risk by the combined effect of coastal erosion, pollution, intensive fishing, degradation of mangrove forests and urban pressures. "In Tamil Nadu and Karnatak

No, Minister: Subhash Chandra Garg's 2nd memoir mirrors tone of his first

The tenor of the second part of former finance secretary Subhash Chandra Garg's memoir is not dissimilar to that which pervaded his first one --and the title is a dead giveaway

World Bank plans securitisation, debt swaps to boost development

"We can't do project by project," Banga said of the securitisation plans. "We don't have 100 years."

Urban projects expand, but private investment continues to remain elusive

Despite the clear pace of growth of cities in India, the ability of the city managers to track private investment is slow

Gita Gopinath to exit IMF in August, return to Harvard as economics professor

Gita Gopinath, the first woman to serve as the IMF’s Chief Economist and later its No. 2 official, will step down at the end of August 2025. She returns to her academic roots at Harvard University.

India needs $2.4 trn to build climate-resilient infra by 2050: World Bank

India needs over $2.4 trillion by 2050 to meet the infrastructure needs of its urban population, which is expected to nearly double, says the World Bank in a new report

35% bank account holders in India had inactive accounts in 2021: World Bank

World Bank's Global Findex 2025 finds over one-third of Indian bank accounts were inactive in 2021, driven by Jan Dhan accounts and lack of comfort in usage

Has Indian inequality declined? Post-tax income data holds the answer

Many who are accustomed to media reports claiming high inequality in the country have responded to the WB's claims with scepticism or outright dismissal