Page 31 - World Bank

Economic theory says inequality will rise as international trade grows

Robin Hoodism - robbing the rich to pay the poor - isn't consistent with either democratic ideals or trust in government

Covid impact: World Bank slashes India's FY22 GDP growth forecast to 8.3%

The Washington-based global lender noted that in India, an enormous second Covid-19 wave is undermining the sharper-than-expected rebound

Top headlines: WB pegs India's FY22 GDP at 8.3%; Piramal faces a new hurdle

Business Standard brings you the top news of the evening

World Bank, IMF urge countries with excess vax supply to release surplus

World Bank Group and International Monetary Fund (IMF) have called on countries anticipating excess Covid-19 vaccine supplies in the coming months to release their surplus doses

Pakistan to receive $153 mn from World Bank to aid Covid vaccination drive

The World Bank has approved the provision of $153 million to support the ongoing national vaccine drive in Pakistan to help the country fight the Covid-19 pandemic

Kerala hit hard by drop in remittances as 1.2 mn workers return: World Bank

Kerala has been hit hard by the drop in remittances from the Gulf countries from where about 1.2 million workers returned to the state due to the Covid-driven layoffs, according to the World Bank

India received $83 billion in remittances in 2020: World Bank report

India received over $83 billion in remittances in 2020, a drop of just 0.2 per cent from the previous year, despite a pandemic that devastated the world economy, according to a World Bank report

Economic Outlook for 2021-22

Outlook beset by uncertainties, but GDP in 2021-22 likely to be lower than in 2019-20

IFC to invest $40 million in Upgrad; promoters reduce stake to 75%

Online up-skilling platform Upgrad has concluded another funding round of about Rs 290 crore from the World Bank arm IFC

World Bank welcomes US, France assistance to help India fight Covid-19

The World Bank has welcomed the recent announcements by the United States and France to help India address its Covid-19 crisis

World Bank president urges countries to donate 'excess' vaccine doses

I would like to underline here the importance for countries that have the prospect of excess vaccine supplies, said Malpass

IMF, World Bank urged to ensure timely delivery of Covid-19 vaccines

Asserting that the effects of the pandemic will be felt for years, the IMF and the World Bank have been urged to ensure timely delivery of safe and effective vaccines across all countries

FM urges World Bank to sustain crisis response to mitigate Covid-19 impact

Sitharaman informed that the government has announced Aatmanirbhar packages of Rs 27.1 lakh crore, amounting to more than 13 per cent of the GDP

India, China and US driving global growth: World Bank's David Malpass

David Malpass also expressed concern over growing inequality due to the Covid-19 pandemic

World Bank, IMF eye ways to link debt relief to climate change spending

The initiative reflects growing recognition that the economic turmoil of the Covid-19 pandemic has exacerbated budget constraints and debt challenges

BS READS: India, Pakistan and the story of lost trading potential

Pakistan's proposal of lifting the ban on cotton and sugar imports from India turned out to be a non-starter. Both countries have a compelling economic case to resume trade ties as soon as possible

India blessed to have Serum Institute: World Bank President David Malpass

World Bank President David Malpass has said that he is encouraged by the country's domestic vaccination programme

World Bank chief expects G20 to extend debt payment freeze through end-2021

The G20 Debt Service Suspension Initiative (DSSI) has already helped countries defer some $5.7 billion in payments through the end of 2020

World Bank to provide $120 mn to Pakistan for its Green Stimulus initiative

The World Bank announced it will provide $120 million to Pakistan for its Green Stimulus initiative launched last year to create green jobs for those youth who became jobless due to the coronavirus

World Bank ups FY22 GDP growth projection for India by 4.7 percentage pts

Pegs economic growth at 10.1%, also gives range of 7.5-12.5% given Covid-induced uncertainty