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International financial institution

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World Bank: International financial institution
The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group.

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World Bank announces USD 1 billion social protection package for India [Video]

World Bank announces USD 1 billion social protection package for India

The World Bank on May 15 announced USD 1 billion social protection package for India linked to central government programmes amid the coronavirus pandemic. Junaid Kamal Ahmad, the Country Director for..

Credit: ANI     Duration: 01:42Published
World leaders pledge $8 billion to fight COVID-19 [Video]

World leaders pledge $8 billion to fight COVID-19

World leaders and organisations pledged on Monday (May 4) $8 billion to fund research, manufacture and distribution of a possible vaccine and treatments for COVID-19, but the United States refused to..

Credit: Reuters - Politics     Duration: 02:00Published
Africa could reel from health crisis to food crisis [Video]

Africa could reel from health crisis to food crisis

Sub-Saharan Africa, the world’s largest rice-importing region, could be heading from a health crisis straight into a food security crisis, the World Bank warns, while domestic crops go rotten amid..

Credit: Reuters Studio     Duration: 01:43Published
South Africa unveils 500 billion rand rescue package [Video]

South Africa unveils 500 billion rand rescue package

South African President Cyril Ramaphosa has announced a 500 billion rand rescue package to cushion the economic blow of the coronavirus pandemic. David Doyle reports.

Credit: Reuters Studio     Duration: 01:47Published
African countries get debt relief from G20 [Video]

African countries get debt relief from G20

The Group of Twenty major economies agree temporary debt relief for the world's poorest nations, as defined by the United Nations, amid the conronavirus crisis. Angela Ukomadu reports.

Credit: Reuters Studio     Duration: 01:35Published

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Assam seeking Rs 300 crore aid from World Bank for raising quarantine quality level


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World Bank approves $1 billion package for India's urban poor, migrants

It's said that the package will provide a "safety net" to the workers, 90% of who are in the informal and unorganised sectors in India.
DNA - Published

Coronavirus latest updates: World Bank announces $1 billion aid to India

With 3,967 new cases and 100 new deaths reported in the last 24 hours, the COVID-19 tally in India reached 81970. And two states, Goa and Manipur, which were declared COVID-19 free, have reported fresh..
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World Bank approves $400 million to enhance India's coastal resources

The World Bank (WB) has approved $400 million multi-year financial support to India to enhance and safeguard its coastal and marine resources. The first phase will cover eight coastal States and three..
IndiaTimes - Published

Lockdown in India has impacted 40 million internal migrants: World Bank

The nationwide lockdown in India which started about a month ago has impacted nearly 40 million internal migrants, the World Bank has said. ​​"The lockdown in India has impacted the livelihoods of..
IndiaTimes - Published

Estimates suggest much deeper global downturn due to coronavirus pandemic than Great Recession: World Bank


IndiaTimes - Published

With Aarogya Setu app, India has shown the way, says World Bank

Citing the example of the app, a World Bank report released on Sunday said innovative solutions could greatly help educate and track contagion across the populations at large. Global tech majors Apple..
IndiaTimes - Published

Migrant workers returning home could spread coronavirus in sub-continent: World Bank

The World Bank said migrant workers returning home could become vectors carrying the coronavirus to unaffected states and villages. The World Bank said South Asia is one of the highest population..
IndiaTimes - Published

COVID-19 to hit S Asia very hard, likely to wipe out gains made in poverty alleviation:WB

The global coronavirus pandemic will hit South Asia very hard and the significant gains made in poverty alleviation in the region are likely to be wiped out due to the impact of the deadly disease, the..
IndiaTimes - Published

World Bank rushes in $1bn for India


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Malaysia says curbs preventing major spikes in coronavirus cases

Malaysia's stay-at-home order has prevented major daily spikes in coronavirus infections, the government said on Tuesday, but the World Bank warned the trade-reliant country's economy would shrink this..
Reuters - Published

Brazil Health Ministry expects to spend $2 billion fighting coronavirus

Brazil's Health Ministry expects to spend around 10 billion reais ($2.0 billion) to combat the coronavirus pandemic, and the government will seek a World Bank loan to help cover that expense, the..
Reuters - Published

World Bank moving forward on first $1.7 billion in pandemic aid projects

The World Bank's executive board is expected to consider later this week the first fast-track funds to help Afghanistan and Ethiopia respond to the coronavirus pandemic, the Bank's president said on..
Reuters - Published

Coronavirus forces IMF, World Bank switch to virtual Spring Meetings

The International Monetary Fund and the World Bank, citing growing concerns about the fast-spreading coronavirus, on Tuesday said they will adopt a "virtual format" for their Spring Meetings instead of..
Reuters - Published

IMF, World Bank to hold virtual spring meetings due to coronavirus: joint statement

The International Monetary Fund and the World Bank on Tuesday said they will adopt a "virtual format" for their Spring Meetings in April instead of convening in Washington, given concerns about the..
Reuters - Published

Rs 76.3k crore annual additional investment required to halve road deaths in India: World Bank


IndiaTimes - Published

World Bank not considering new China loans to fight coronavirus, president says

The World Bank is offering technical assistance to China to help battle the coronavirus epidemic but no new loans, the development lender's president, David Malpass, said on Monday.
Reuters - Published

Lebanon must cooperate with IMF but needs a new government - Hariri

Lebanon must cooperate with the International Monetary Fund and World Bank over its economy, which is in deep crisis, but that should be overseen by a new government and not the current caretaker..
Reuters - Published

Growth in India is projected to 'decelerate' to 5% in 2019-2020: World Bank

The World Bank has projected a 5% growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to 5.8% in the following financial year. The World Bank said tighter credit conditions..
IndiaTimes - Published

'China has plenty of money, why is World Bank lending it,' asks Donald Trump

President Trump wrote on Twitter, "Why is the World Bank loaning money to China? Can this be possible? China has plenty of money, and if they don't, they create it. STOP!"
DNA - Published

China says World Bank report 'clarifies truth' on Xinjiang programmes

China responded on Tuesday to a decision by the World Bank to reduce funding for vocational training centers in the troubled western region of Xinjiang, by saying the bank's review of its projects had..
Reuters - Published

World Bank ready to support Lebanon, urges quick formation of new cabinet

The World Bank said on Wednesday it stood ready to back a new Lebanese government, warning the country had no time to waste to tackle an emerging economic crisis worsening by the day.
Reuters - Published

Sudan agrees reforms with World Bank, IMF: finance minister

Sudan has agreed a roadmap to "rehabilitate" the country with the World Bank, International Monetary Fund and African Development Bank, its finance minister said on Thursday.
Reuters - Published

New Delhi: World Bank president meets PM Modi


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Indonesia president taps opposition, start-up founder for new cabinet

Indonesian President Joko Widodo announced his second-term cabinet on Wednesday, retaining former World Bank executive Sri Mulyani Indrawati as finance minister and tapping the opposition leader as he..
Reuters - Published

Indonesia cabinet includes president's rival, startup founder

Indonesian President Joko Widodo unveiled his cabinet for a second term on Wednesday, retaining former World Bank executive Sri Mulyani Indrawati as finance minister and tapping the leader of the..
Reuters - Published

Factbox: Policy challenges for Indonesia's Widodo in second term

Indonesian President Joko Widodo unveiled his cabinet for a second term on Wednesday, retaining former World Bank executive Sri Mulyani Indrawati as finance minister and including the leader of the..
Reuters - Published

At IMF, Nirmala Sitharaman calls for 'concerted action' to deal with 'synchronous slowdown'

Sitharaman led the Indian delegation to the Annual Meetings Plenary session of the International Monetary Fund (IMF) and the World Bank Group held in Washington DC on Friday.
DNA - Published

India halved its poverty rate since 1990s: World Bank


IndiaTimes - Published

Work done under Ayushman Bharat scheme commended by UN, WHO, World Bank: Harsh Vardhan

The work done under Prime Minister Narendra Modi's flagship healthcare scheme Ayushman Bharat in the past one year has received commendation from the United Nations (UN), World Health Organisation..
DNA - Published

People well-versed in macroeconomics can only revive economy: Subramanian Swamy

He is of the opinion that the “government today needs a crisis management team of experienced politicians and professional but politically-savvy economists who are rooted in Indian ethos and not..
IndiaTimes - Published

World Bank's Georgieva sole candidate to lead IMF, Fund says

The International Monetary Fund said on Monday that World Bank chief executive Kristalina Georgieva will be considered as the sole candidate to be the next IMF managing director following the close of..
Reuters - Published

EU settles on World Bank's Georgieva to lead IMF

European Union governments picked Bulgaria's Kristalina Georgieva as the bloc's candidate to lead the International Monetary Fund after more than 12 hours of talks on Friday that highlighted the EU's..
Reuters - Published

World Bank's Georgieva to relinquish duties during IMF nomination period

World Bank Chief Executive Officer Kristalina Georgieva said on Friday that she will temporarily relinquish her World Bank responsibilities after being nominated as a candidate to lead the..
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Bulgaria's Georgieva climbs from communism to IMF head hopeful

Bulgarian economist Kristalina Georgieva has been named European candidate to lead the International Monetary Fund after years of experience at its twin organization the World Bank.
Reuters - Published

Concerns of farmers led to Amaravati pullout: World Bank


IndiaTimes - Published

World Bank may fund priority sectors other than Amaravati project


IndiaTimes - Published

Amaravati: World Bank pullout sparks a political feud


IndiaTimes - Published

World Bank says it 'dropped' Amaravati project due to Centre withdrawing finance request

The World Bank has said it 'dropped' the $300-million loan proposal for the Amaravati development project as the central government withdrew the financing request, triggering a blame game between the..
IndiaTimes - Published

No reasons mentioned, World Bank pulls plug from $300 million funding for Amaravati project

The World Bank did not assign any reason for pulling out though the Bank official website showed the status of the Amaravati Sustainable Infrastructure and Institutional Development Project (A as..
DNA - Published

World Bank 'Drops' Chandrababu Naidu's Amaravati Project

The World Bank did not assign any reason for pulling out though the Bank official website showed the status of the Amaravati Sustainable Infrastructure and Institutional Development Project (A as..
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World Bank arbitration court fines Pakistan over five billion dollars for unlawful denial of mining lease to company

World Bank arbitration court imposed a penalty of five billion dollars on Pakistan for unlawful denial of a mining lease to the company for the Reko Diq project.
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World Bank joins India’s fight against TB with $400 million aid


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Pakistan fails to fulfill 25 of 27 action points prescribed by FATF to curb terror funding; downgrading by IMF, World Bank may continue

Pakistan has failed to complete 25 of the 27 action points given by the international terror financing watchdog FATF to check funding to terrorist groups
Firstpost - Published

Moldovan parties agree to form government after months of deadlock

Moldovan parties on Saturday agreed to form a government and appoint Maia Sandu, a former education minister and World Bank adviser, as prime minister with a mandate to curb the power of oligarchs in..
Reuters - Published