Page 20 - World Bank

K'taka hold talks with World Bank to make state climate, disaster-resilient

A delegation from the World Bank on Monday held discussions with the Karnataka government regarding the 'Resilient Karnataka Programme', which is aimed at making the State climate-resilient and also strengthen it to mitigate disaster risks, along with international expertise. Discussions have also taken place regarding World Bank-supported USD 367-million rural water supply project in Karnataka, and additional USD 150 million for urban water supply project's second phase in the State, which are at the advanced stages of discussions for approval. A delegation led by Auguste Kouame, Country Director, World Bank (India), met Karnataka Chief Minister Basavaraj Bommai and top officials of the State government and held discussions. This is Kouame's first visit to Karnataka after assuming office in August. "My meeting with the Chief Minister was regarding the Resilient Karnataka Programme- in response to floods, drought and other climate events that have been impacting Karnataka over the

Indian migrant workers send home record $100 billion in 2022: World Bank

It was observed that there was a gradual shift in Indian migrants' key destinations from largely low-skilled, informal employment in the GCC countries to a dominant share of high-income countries

World Bank says air pollution costs Bangladesh up to 4.4% of its GDP

Air pollution was estimated to have caused between 78,145 and 88,229 deaths, and between 1 billion and 1.1 billion days lived with illness in Bangladesh in 2019, according to a report

World Bank approves $250mn for better environmental management in B'desh

The World Bank has approved $250 million in financing to help Bangladesh strengthen environmental management and promote private sector participation in green investment

Remittance inflows in India to top $100 billion in 2022: World Bank brief

Remittance inflow pattern in India has undergone a structural shift from gulf countries to high-income countries in the past few years

India to receive over record $100 bn in remittances in 2022: World Bank

Retaining its spot as the world's top recipient of remittances, migrant workers from India are set to send home a $100 billion in 2022, despite global headwinds like rising prices

In 2022, world-topping $100 billion in remittances have come to India

Remittance flows to India will rise 12 per cent to reach $100 billion this year, according to a World Bank report published on Wednesday

G20's declining share in the world, amid India's growing influence

As the country prepares to host the summit of twenty nations next year in September 2023, it also has to tackle rising concerns of climate change and calls for the expansion of the group from other co

Green pathways present a $1.6-trn investment window: World Bank report

The report also suggests adopting climate-responsive cooling techniques in both private- and government-funded constructions

Remittances up 5% in 2022, but growth to slow to 2% next year: World Bank

Remittances are a vital source of household income for people in low- and middle-income countries, helping to alleviate poverty and building resilience

Indore plans nation's first retail municipal bond for solar power project

Indore Municipal Corp. seeks to raise as much as 2.6 billion rupees ($31.8 million) via a 10-year bond sale next month

Multilateral agencies judging third world on false reports: Govt advisor

A senior government advisor has accused World Bank and other multilateral agencies and rating agencies in assessing third world countries like India based on factually incorrect reports being peddled by vested interest private agencies to suit their politically coloured views. Sanjeev Sanyal, a member in the PM's economic advisory council, while addressing the ongoing global summit of accountants here on Sunday evening also said it's high time that the World Bank and rating agencies question such reports because the parameters on which they have been prepared are bizarre most of the time and thus are far from reality. Most of the western reports, be it political or economic, are prepared by a narrow group of individuals who pedal their politically mired opinions as facts, Sanyal said, adding and when such reports are about India I can say that they are very far from reality. I'd request the World Bank to look into such politically biased reports being flaunted as factual because the

Indian cities will need $840 bn investment over 15 years: World Bank

Municipal bonds account for a marginal share in debt financing, says the report

G20 unveils global pandemic fund to avoid repeat of Covid pandemic

Funds will be used to help countries prevent future pandemics; fundraising currently at $1.4 billion

World Bank warns of heavy toll on Philippines due to climate change

Climate shocks, whether in the form of extreme weather events or slow-onset trends, will hamper economic activities, damage infrastructure, and induce deep social disruptions, the report said

Digital currency just a stone's throw away

As geopolitical tensions rise, efforts for globalisation of CBDC take centre stage. But the financial system may face a significant interoperability problem in the near future

Energy prices to fall 11% in 2023 as economies slow down: World Bank study

Currency depreciation in developing countries could deepen food and energy inflation: Commodity Markets Outlook report

Afghanistan's economy contracted by about 20% in 2021: World Bank

Afghanistan's economy contracted by about 20 in 2021, according to the World Bank's new Afghanistan Development Update, which states the Afghan economy is adjusting to a "new normal"

World Bank advises Pakistan to take internal steps for economic recovery

World Bank on Sunday advised Pakistan to take internal measures along with help from the international community by implementing economic reforms to recover from the cataclysmic floods

World Bank advises Pakistan to take internal steps for economic recovery

World Bank Vice President for South Asia, Martin Raiser advised Pakistan to take internal measures along with help from the international community to recover from the cataclysmic floods