Page 7 - World Bank

India to remain fastest-growing large economy in FY26, FY27: World Bank

The global economy is projected to expand by 2.7 per cent in both 2025 and 2026, the same pace as in 2024, as inflation and interest rates decline gradually

World Bank to approve $20 billion lending package for Pakistan: Report

The World Bank is set to approve a USD 20 billion indicative lending package for Pakistan a pioneering 10-year initiative to protect its funded projects from political transitions and focus on six targeted areas, according to a media report. The programme, titled "Pakistan Country Partnership Framework 2025-35", aims to improve social indicators in the most neglected but important areas, The Express Tribune newspaper reported, citing official documents. It will focus on reducing child stunting, combating learning poverty, enhancing climate resilience, decarbonising the environment, expanding fiscal space, and boosting private investment to improve productivity. These areas have broad support across the political spectrum and are expected to remain unaffected by government changes during the 2025-2035 period, which is anticipated to include at least three general elections. This 'Country Partnership Framework' is scheduled to be approved by the World Bank board on January 14, ...

CCI allows IFC, ADB, DEC to acquire stake in Fourth Partner Energy

Fair trade regulator CCI on Tuesday cleared the World Bank's IFC, Asian Development Bank (ADB) and German government's DEG proposal to acquire a stake in Fourth Partner Energy. IFC -- a member of the World Bank Group -- is the largest global development institution focused on the private sector in emerging markets. "Commission approves the acquisition of certain shareholding of Fourth Partner Energy Pvt Ltd jointly by International Finance Corporation, Asian Development Bank and DEG - Deutsche Investitions - und Entwicklungsgesellschaft mbH," the regulator said in a post on X. Fourth Partner Energy Ltd (FEPL) is India's leading renewable energy company focusing on building and financing renewable energy projects. In August, global impact investors IFC, ADB and DEG announced an investment of USD 275 million into India's leading renewable energy solutions platform FPEL. The consortium's investment will infuse capital to fund FPEL's business expansion plans which include a target ...

India may face challenges on a few parameters in WB's B-Ready report: GTRI

India may face challenges in achieving good scores on parameters like business entry, labour regulations, and international trade in the World Bank's Business Ready report, according to think tank GTRI. The Global Trade Research Initiative (GTRI) said as India is preparing for its inclusion in the B-READY framework, its focus should be on leveraging global insights while championing local reforms. Business Ready (B-READY) is the World Bank's new flagship report benchmarking the business environment and investment climate in most economies worldwide. The report assesses the regulatory framework and public services directed at firms, and the efficiency with which regulatory framework and public services are combined in practice. It is replacing the World Bank Group's earlier Doing Business index. In 2020, the World Bank decided to pause the publication of its Doing Business report following a number of irregularities regarding changes to data in previous reports. "In Business Entry,

India, China to Germany and UK: How major economies performed in 2024

While India and US have optimistic outlooks going into 2025, Germany and UK may see sluggish growth

World Bank raises China's GDP forecast for 2024, 2025; adds some warnings

Thanks to the recent policy easing and near-term export strength, the World Bank sees China's gross domestic product growth at 4.9 per cent this year, up from its June forecast of 4.8 per cent

World Bank approves $800 million loan for Amaravati Development Programme

The World Bank's Board of Executive Directors has approved USD 800 million Amaravati Integrated Urban Development Program for building Andhra Pradesh's greenfield capital city Amaravati, the international development said on Friday. The Bretton Woods institution's Board of Executive Directors met in Washington, USA on Thursday and approved the loan. "The World Bank's Board of Executive Directors yesterday approved the USD 800 million Amaravati Integrated Urban Development Program aimed at establishing the city as a well-managed, climate-resilient growth center in Andhra Pradesh that generates jobs and improves the lives of its current and future residents, especially the most vulnerable," a World Bank press release said. According to the World Bank, the Government of India requested the USD 800 mn loan to develop Amaravati as an economic hub and the state capital of Andhra Pradesh. The loan has a final maturity period of 29 years, including a grace period of six years, said the Wor

Bangladesh receives $1.16 bn World Bank financing for inclusive development

These new financing will bring to the people of Bangladesh essential services such as health and water

Reassessing Nehruvian policies: Growth, education, and social change

The policies of the first decade-and-a half of planned development are better characterised as Nehruvian Humanism

China look forward to $1 billion investment in Pakistan's healthcare sector

President Zardari met with a delegation led by the Chinese Consul General Yang Yundong at Bilawal House in Karachi, where he called for greater Chinese investment in Pakistan's various sectors

India needs to ramp up structural reforms: World Bank Chief Economist Gill

Gill noted that middle-income countries, including India, are more prone to slowdowns compared to low-income or high-income countries

HSBC, WB's IFC launch $1 bn trade finance programme for emerging markets

The deal aims to support cross-border trade and bolster exports in critical industries

Myanmar's economy likely to shrink as floods compound crisis: World Bank

In June, the bank had projected Myanmar's economy would grow 1 per cent during the current fiscal year, which ends in March 2025, but warned of increasing poverty and escalating violence

World Bank gets $100 billion replenishment of fund for poorest countries

World Bank made the announcement today in Seoul at a pledging conference for the International Development Association, which provides grants and very low-interest loans to 78 low-income countries

World Bank approves $188 mn loan to boost growth in Maharashtra's districts

The World Bank has approved a USD 188.28-million loan to stimulate economic growth in the Indian state of Maharashtra, especially in the lagging districts, a media release said. The USD188.28 million Maharashtra Strengthening Institutional Capabilities in districts for enabling growth operation will support district planning and growth strategies, the bank said in a statement. Investments under the operation will equip districts with the necessary data, funds, and expertise to maximize the value of public money employed for driving growth and job creation. It will also enhance private sector participation by improving e-government services for businesses in districts, especially in the tourism sector, it said. By providing well-articulated investments in institutional capability and coordination at the district level, the program will enhance evidence-based planning and policymaking, efficient public sector interface with the private sector, and improved service delivery to the pub

Punjab CM seeks financial support from World Bank to drive growth

The World Bank team held separate meetings with Bhagwant Mann and Haryana Chief Minister Nayab Singh Saini

Tamil Nadu focuses on EV revolution, ropes in World Bank to draw roadmap

This initiative coincides with the World Bank's broader efforts to support India's low-carbon transition

US President Biden announces $4 billion to replenish World Bank's IDA

Established in 1960, IDA complements the World Bank's original lending arm, the International Bank for Reconstruction and Development (IBRD) and helps low-income countries

Biden pledges record $4 billion to World Bank fund for poorest nations

The World Bank's IDA fund, which provides mainly grants and very low interest loans to the poorest countries, is replenished every three years, and a pledging conference is scheduled for Dec. 5-6

News updates: Had Cong given priority to rural India, we would have less poverty, says Nitin Gadkari

Catch all the latest news updates from around the world here