Page 28 - World Bank
World Bank group imposes 20-month debarment on Ramky Enviro Engineers
The World Bank Group has announced 20-month debarment of Ramky Enviro Engineers Ltd (REEL), a city-based waste management and environmental services company
 "World Bank group imposes 20-month debarment on Ramky Enviro Engineers")
UIDAI working with World Bank, UN to take Aadhaar technology overseas
UIDAI is also looking forward to having more partners from India who can help it in taking the Aadhaar technology overseas. its CEO Saurabh Garg said
 "UIDAI working with World Bank, UN to take Aadhaar technology overseas")
World Bank backs using $280 mn in frozen aid funds for Afghanistan crisis
The 31 donors to the World Bank-administered Afghanistan Reconstruction Trust Fund (ARTF) must approve the transfer before the funds could flow.
 "World Bank backs using $280 mn in frozen aid funds for Afghanistan crisis")
World Bank to redirect frozen funds to Afghanistan for humanitarian aid
Afghan experts said the aid will help, but big gaps remain, including how to get the funds into Afghanistan without exposing the financial institutions involved to US sanctions
 "World Bank to redirect frozen funds to Afghanistan for humanitarian aid")
World Bank to provide $250 mn loan for school learning project in Andhra
With the ongoing pandemic, home-based learning opportunities for students are of top priority for the state, the statement said
 "World Bank to provide $250 mn loan for school learning project in Andhra")
India received $87 billion in remittances in 2021: World Bank
India, the world's largest recipient of remittances, received $87 billion in 2021 with the United States being the biggest source, accounting for over 20% of these funds
 "India received $87 billion in remittances in 2021: World Bank")
Report shows China's growing clout at World Bank, global institutions
While China still receives loans and other aid from multilateral institutions like the World Bank and U.N. agencies, it has also emerged as one of the most powerful donors
 "Report shows China's growing clout at World Bank, global institutions")
Covid-19 pandemic debt adds to challenge of funding world's climate goals
The $300 trillion pile of debt held by governments, businesses and households will leave many countries with vulnerable finances
 "Covid-19 pandemic debt adds to challenge of funding world's climate goals")
Climate goals: Can investor activism deliver what govts could not?
The moves by investors and accounting innovations by economists and auditors could make a critical difference on the margin. Call it Plan B; there is no Plan C, writes T N Ninan
The World Bank as a cash-transfer algorithm
The Bank should align its priorities with the growing trend in poor countries to adopt cash transfers and a universal basic income.
ISA targets $1 trn in solar funds by 2030; S Asia in phase-1 of world grid
Talks will also revolve round the $1 trillion Solar Investment Roadmap for 2030, and approval of a blended financial risk mitigation facility
 "ISA targets $1 trn in solar funds by 2030; S Asia in phase-1 of world grid")
FM discusses post-pandemic recovery, other issues with World Bank chief
Finance Minister Nirmala Sitharaman discussed the post-pandemic economic recovery and preparations for the upcoming Climate Change Conference among other issues with World Bank President David Malpass
 "FM discusses post-pandemic recovery, other issues with World Bank chief")
India offers spectrum of opportunities: FM Sitharaman tells CEOs
Sitharaman, 62, is currently in the American capital to attend the annual meetings of the International Monetary Fund and the World Bank
World Bank chief highlights 'tragic reversal' in development amid pandemic
World Bank Group President David Malpass said on Wednesday that the Covid-19 pandemic is pushing up poverty and debt levels in low-income countries, highlighting a "tragic reversal" in development.
 "World Bank chief highlights 'tragic reversal' in development amid pandemic")
IMF chief says data-rigging scandal won't hamper IMF-World Bank cooperation
Georgieva, who was cleared of wrongdoing in the matter by the IMF's executive board on Monday, had sharply criticized a report prepared by law firm WilmerHale for the World Bank's board
 "IMF chief says data-rigging scandal won't hamper IMF-World Bank cooperation")
Members to reach $100-bn target for shifting reserves, says IMF chief
The IMF chief said the fund was putting in place measures to increase transparency about the use of any SDRs.
 "Members to reach $100-bn target for shifting reserves, says IMF chief")
Indian economy is recovering from Covid-19 crisis: World Bank President
Last week, the World Bank projected the Indian economy to grow at 8.3 per cent this year.
 "Indian economy is recovering from Covid-19 crisis: World Bank President")
Asian Development Bank boosts 2019-2030 climate financing goal to $100 bn
The bank also plans to boost its private sector operations to attract more private sector capital to finance new climate technologies and innovations, using $12 billion from its balance sheet
 "Asian Development Bank boosts 2019-2030 climate financing goal to $100 bn")
Poor countries' debt rose 12% to record $860 bn in 2020: World Bank
The World Bank has called for urgent efforts to reduce debt levels
Growth is biggest challenge for emerging economies: World Bank economist
"With growth comes jobs, with growth and jobs comes recovery."