Page 28 - World Bank

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

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

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

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 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 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

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

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

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

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

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

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.

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