Page 27 - World Bank

War-driven oil price hikes to cut growth for big importers: World Bank exec

Persistent high oil prices prompted by Ukraine invasion could cut a full percentage point off the growth off large oil-importing developing economies like China, Indonesia, South Africa and Turkey

World Bank stops all projects in Russia, Belarus with 'immediate effect'

'The banking organisation, with 189 member countries across the globe, has not approved any new loans or investments in Russia since 2014, when the country annexed the Crimean Peninsula in Ukraine'

World Bank stops all projects in Russia, Belarus with 'immediate effect'

The World Bank has stopped all its programs in Russia and Belarus with "immediate effect" in response to Moscow's military operations in Ukraine.

Ukraine conflict: World Bank to provide $3 billion support package to Kyiv

World Bank Group President David Malpass and IMF Managing Director Kristalina Georgieva announced the support package for Ukraine in a joint IMF-World Bank Group statement on the War in Ukraine

World Bank's India head Junaid Ahmad appointed vice president of operations

Ahmad has been appointed as a Vice President of the international lending institution.

World Bank ready to provide financial aid to Ukraine amid Russian invasion

The World Bank, in its statement on Thursday, said that it is ready to provide immediate financial support to Ukraine amid the present political and military crisis.

World Bank mulls $350 million aid to Ukraine to support reforms

Tensions over Ukraine have increased in recent months as Russia and NATO are accusing each other of amassing troops on the Russian-Ukrainian border

Developing nations face growing risks from financial fragility: World Bank

High levels of non-performing loans and hidden debt impair access to credit, and "disproportionately" reduce access to finance for low-income households and small businesses: World Bank

PM Modi to virtually address high-level segment of One Ocean Summit

The objective of the summit is to mobilise the international community to take tangible action towards preserving and supporting healthy and sustainable ocean ecosystems

IFC will continue to raise annual India investments: South Asia Director

In a Q&A, Hector Gomez Ang asserts that the institution's India portfolio has delivered strong development and financial returns despite Covid-19

Pradip Shah, ex-consultant to World Bank, appointed Pfizer India chairman

Announcing the appointment, S Sridhar, the managing director of the company, said with Pradip Shah's elevation as the chairman, the firm will work closely with him on matters of strategic importance

World Bank downgrades 2022 global economic growth forecast to 4.1%

The global economy is on track to grow by 4.1 per cent in 2022, down 0.2 percentage point from a previous projection, the World Bank Group said in its latest Global Economic Prospects release.

World Bank projects India's GDP growth at 8.3% for FY22, 8.7% for FY23

Cuts global growth estimate to 4.1% in 2022 on surge in Covid-19 cases

At 4.1%, World Bank sees sharp world growth slowdown in 2022

Ayhan Kose, director of the World Bank's Prospects group, said the risks of a 'hard landing' for developing countries were increasing given their limited options to provide fiscal support as needed

World Bank loans $221 mn to Vietnam for economic recovery from Covid-19

The World Bank has signed an agreement with Vietnam in the amount of $221.5 million to finance the country's recovery from the coronavirus pandemic.

Several electricity projects in Afghanistan halted due to funds suspension

Several electricity supply projects to Afghanistan have been halted since the past four months due to the suspension of funds from the Asian Development Bank

China's economic growth will slow sharply in 2022, says World Bank

China's economic growth has been given a bleak picture by World Bank's report on Wednesday as the world's second-largest economy faces mounting headwinds

Indonesia's economy to grow by 3.7% in 2021, 5.2% in 2022: World Bank

The World Bank has estimated that Indonesia's economy would grow by 3.7 per cent in 2021 and by 5.2 per cent in 2022, if there are no other severe waves of the Covid-19 pandemic.

World Bank unveils replenishment package of IDA to back poorest nations

The World Bank has announced a $93 bn replenishment package of the International Development Associationv to help the poorest countries respond to the Covid-19 crisis and boost economic growth.

World Bank donors approve release of $280 million for Afghanistan

The World Bank donors approved to release $280 million for Afghanistan to address humanitarian issues