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.
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..
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..
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..
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.
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.
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
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.. IndiaTimes - Published
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
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
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
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
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
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'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
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
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
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
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 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
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
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 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
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 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
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
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
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
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
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
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
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
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 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.. Reuters - Published
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
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
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
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 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. Firstpost - Published
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 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
![World Bank announces USD 1 billion social protection package for India [Video]](https://video.newsserve.net/300/v/20200515/2005151119-World-Bank-announces-USD-billion-social-protection.jpg)
![World leaders pledge $8 billion to fight COVID-19 [Video]](https://video.newsserve.net/300/v/20200504/2005041909-World-leaders-pledge-billion-to-fight-COVID.jpg)
![Africa could reel from health crisis to food crisis [Video]](https://video.newsserve.net/300/v/20200424/2004241257-Africa-could-reel-from-health-crisis-to-food.jpg)
![South Africa unveils 500 billion rand rescue package [Video]](https://video.newsserve.net/300/v/20200422/2004221021-South-Africa-unveils-500-billion-rand-rescue-package.jpg)
![African countries get debt relief from G20 [Video]](https://video.newsserve.net/300/v/20200416/2004161332-African-countries-get-debt-relief-from-G20.jpg)
