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J&K govt seeks Rs 367 cr from World Bank to fund healthcare institutions

The Jammu andKashmir government has submitted a comprehensive proposal seeking over Rs 367 crore funding from the World Bank for strengthening of healthcare institutions including dedicated COVID hospitals and ICUs and procurement of critical care ambulances in the union territory, senior health officials said. The proposal has been prepared by the health and medical education department with the objective of providing state-of-the-art medical services and facilities to people living in urban areas as well as the remotest parts of the union territory, they said. "A comprehensive proposal was formulated amounting to Rs 367.48 crore (approximately US$ 50 million) and submitted for funding from World Bank," Financial Commissioner Health and Medical Education, J&K, Atal Dulloo told PTI. Jammu and Kashmir does not have a major or middle-level chain of hospitals on the lines of those operating in the rest of the country, except Batra hospital in the private sector. A latest report on ...

World experiencing worst recessions since Great Depression due to Covid: WB

World Bank President David Malpass said that given the extent of the economic contraction, there was a rising risk of disruptive debt crises in countries

World Bank approves $12 bn to help developing countries get Covid vaccines

The World Bank approved USD 12 billion to help developing countries purchase novel coronavirus (COVID-19) vaccines and treatments, the organization said in a statement

As World Bank faces scrutiny, UN chief warns lenders over fossil fuels

Guterres urged a coalition of finance ministers and economic policymakers from dozens of countries to ensure development banks end fossil fuel investments and boost renewable energy

School closure may cost $400 bn to India, cause learning losses: World Bank

The prolonged closure of schools due to Covid-19 in India may cause a loss of over $400 billion in the country's future earnings, besides substantial learning losses, according to a World Bank report

World Bank to support enterprises in Uttar Pradesh under ODOP scheme

The ODOP scheme was launched in 2018 to promote the state's traditional and indigenous industries under the MSME sector by providing funding, training, marketing support etc

By 2021, as many as 150 mn people likely to be extreme poor: World Bank

The World Bank on Wednesday warned that by 2021, as many as 150 million people are likely to be in extreme poverty because of the coronavirus pandemic

World Bank seeks board approval for $12 bn Covid-19 vaccine financing plan

Malpass told Reuters in an exclusive interview that the initiative, part of $160 billion in coronavirus aid financing pledged by the multilateral lender, is aimed at helping countries procure vaccine

Pandemic to keep Asia's growth at lowest since 1967, warns World Bank

The bank said the region this year is projected to grow by only 0.9%, the lowest rate since 1967

World Bank's IFC adopts climate rules to deter lenders from backing coal

IFC, which owns equity stakes in many large commercial banks in emerging markets, hopes the restrictions will trigger other investors to exit the coal sector

Global economic recovery may take five years: World Bank chief economist

"There will probably be a quick rebound as all the restriction measures linked to lockdowns are lifted, but a full recovery will take as much as five years," Carmen Reinhart said

Global economic recovery may take five years: World Bank chief economist

The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank's chief economist Carmen Reinhart said on Thursday.

India ranked at 116th position in World Bank's Human Capital Index

India has been ranked at the 116th position in the latest edition of the World Bank's annual Human Capital Index that benchmarks key components of human capital across countries

Senior bureaucrat Rajesh Khullar appointed Executive Director, World Bank

Senior bureaucrat Rajesh Khullar has been appointed as Executive Director, World Bank, Washington, a Personnel Ministry order issued on Monday said

International Solar Alliance signs MoUs with NTPC, MNRE and World Bank

Ministry of New and Renewable Energy along with World Bank will design the plan for implementing 'One Solar One World and One Grid'; NTPC will implement the solar projects in 47 ISA member countries

World Bank cancels $224 million loan to Lebanon for Bisri Dam Project

The World Bank has canceled $224 mn loan to the government of Lebanon for the proposed Bisri Dam Project because it failed to fulfil preconditions required before the funds were disbursed

Much ado about nothing: What India's ease of biz ranking won't tell you

The WB's suspension of the Index will deal a minor blow to the Indian government because the credibility of the rankings, which the government was trumpeting, is now in tatters

World Bank pauses publication of Doing Business Report over data issues

Speculations on India's recent rise in ranking, but the World Bank says countries affected appear to be Azerbaijan, China, Saudi Arabia and United Arab Emirates

World Bank suspends ease of doing biz report over 'data irregularities'

The WB said in a statement that it would conduct a systematic review of data changes in the last five Doing Business reports, and independent auditors will probe data collection and review processes.

World Bank holds release of Doing Business report over data irregularities

The World Bank has announced to halt the publication of the 'Doing Business' report as irregularities have been reported in the changes to the data published in October 2017 and 2019