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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 low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the United Nations' Sustainable Development Goals, as well as environmental and social safeguards.

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China Joins Growing List of Countries Facing Population Decline [Video]

China Joins Growing List of Countries Facing Population Decline

China Joins Growing List , of Countries Facing , Population Decline. On January 17, new figures were published that indicated China's population experienced a decline for the first time in over..

Credit: Wibbitz Top Stories     Duration: 01:31Published
World Bank Warns Global Economy Teetering Towards Recession [Video]

World Bank Warns Global Economy Teetering Towards Recession

World Bank Warns , Global Economy Teetering , Towards Recession. On January 10, the World Bank warned that the global economy is "perilously close" to experiencing a recession in 2023. Al Jazeera..

Credit: Wibbitz Top Stories     Duration: 01:31Published
World Bank cuts China’s growth rate due to Covid-19 resurgence | Oneindia News *News [Video]

World Bank cuts China’s growth rate due to Covid-19 resurgence | Oneindia News *News

After China relaxed its Zero-Covid policy, there has been a sudden surge in the cases in the country, prompting the World Bank to cut the country’s growth rate. #China #WorldBank #ChinaGrowth

Credit: Oneindia     Duration: 02:44Published
India’s heat wave to cross human survivability says World Bank Report | Oneindia News *News [Video]

India’s heat wave to cross human survivability says World Bank Report | Oneindia News *News

A report by the World Bank has said that the heat wave in India is going to increase so much that it will cross the human survivability limit in the coming few years. #HeatwaveinIndia #WorldBank..

Credit: Oneindia     Duration: 01:59Published
World Bank makes upward revision of India's GDP growth forecast | Oneindia News *News [Video]

World Bank makes upward revision of India's GDP growth forecast | Oneindia News *News

World Bank makes upward revision of India's GDP growth forecast; Activists protest against Maha ministers' visit to Karnataka, stop vehicles; Delhi HC allows plea seeking termination of 33 weeks..

Credit: Oneindia     Duration: 03:25Published

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World Bank can’t interpret Indus Waters Treaty: MEA


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Indus Waters Treaty: India questions World Bank's decision to start two separate processes to resolve India-Pakistan differences

India on Thursday questioned the World Bank's decision to appoint a Court of Arbitration and a neutral expert under two separate processes to resolve differences between New Delhi and Islamabad over..
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‘India can boost international trade by making borders superfluid': World Bank country director

India can increase inter-regional trade with its neighbouring countries threefold by making international borders superfluid for the seamless movement of logistics, goods and tourists, World Bank’s..
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IMF sees India as 'bright spot' in global economy, says PM Modi; lauds country's strong macroeconomic fundamentals

rime Minister Narendra Modi Wednesday said the International Monetary Fund (IMF) sees India as a "bright spot" in the global economy and as per the World Bank, India is in a better position to deal..
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Now, govt eyes better Rule of Law Index score

After the World Bank's 'Ease of Doing Business' rankings, the government has turned its attention to scoring better in the Rule of Law Index (ROLI) where India has been ranked 77th out of 140 countries..
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India may soon experience heat waves that break human survivability limit: World Bank report

The country is experiencing high temperatures that arrive sooner and stay longer, according to research by the World Bank.
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Energy efficient cooling pathway in India can open an investment opportunity of $1.6 trillion by 2040, says World Bank


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Made to keep tariffs low, civic bodies not earning enough to meet op costs: Report

Several large and medium civic bodies can't even earn enough from the tariff and charges for municipal services such as water supply and sewage management to meet operations and maintenance (O&M) costs..
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PM Modi hardly worried, indulging in empty slogans: Congress on World Bank report downgrading India's growth forecast

The Congress on Friday attacked the government over a World Bank report that flagged worsening of poverty numbers in India during the Covid pandemic and downgraded its economic growth forecast,..
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Upgrade tracks, don’t go for elevated network on existing routes to run semi-high speed trains: World Bank to railways


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World Bank warns of global recession due to war in Ukraine

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The president of the World Bank has warned that the war in Ukraine could spark a global recession.
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Times uncertain, rescue those in debt jam, FM tells World Bank


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India committed to eliminating single-use plastic: PM Modi at One Ocean Summit

One Ocean Summit is being organised by France from February 9 to 11 in cooperation with the United Nations and the World Bank.
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India, world's largest recipient of remittances, received $87 billion in 2021: World Bank

India, the world's largest recipient of remittances, received $87 billion in 2021 with the United States being the biggest source, accounting for over 20 per cent of these funds, according to the World..
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World Bank president congratulates India on successful Covid-19 vaccination campaign


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Finance minister Nirmala Sitharaman discusses post-pandemic economic recovery, other issues with World Bank chief


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Finance Minister embarks on week-long US visit to attend G-20, World Bank meetings


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Official counts of Covid-19 deaths are underestimated in South Asia: World Bank report


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World Bank, JICA, SBI Capital & HDFC Bank show interest in dedicated freight corridor project on PPP


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World Bank approves 500 million dollar programme to support India’s informal workforce


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India blessed to have a major manufacturer of global vaccines: World Bank President on SII


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65% low, lower-middle income countries slashed education budgets after Covid-19 outbreak: Report

Education budgets were cut by 65 per cent of low and lower-middle income countries after the onset of the Covid-19 pandemic while only 33 per cent of high and upper-middle income countries did so,..
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75% of poor households saw income drop as a result of road accidents, 42% forced to borrow: World Bank report


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Low income families, women affected most due to road crash; World Bank report

The first ever study by the World Bank on the socio-economic impact of road crashes in India, released on Saturday, has found that nearly 42% of families with low income underwent debt after borrowing..
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India, World Bank sign $500 million pact to build safe, green highway corridors

The project will strengthen and widen existing structures; construct new pavements, drainage facilities and introduce road safety features.
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India, World Bank sign $400 million pact to protect poor from COVID-19 impact

To aid the poor and vulnerable reeling under the COVID-19 crisis, India on Wednesday signed a pact with the World Bank worth $400 million.
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World Bank approves 4 India projects worth $800 million


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Pak likely to remain in FATF 'grey list', fails to fulfill six key mandates

This will become a major problem for Pakistan as it will become difficult for Islamabad to procure financial aid from the International Monetary Fund (IMF), World Bank, Asian Development Bank (ADB) and..
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India ranked 116 in the World Bank's Human Capital Index

In the latest ranking of the World Bank's annual Human Capital Index, India has been ranked 116 in the list of 174 countries.
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Can’t mediate in India-Pak water dispute: World Bank


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PM Modi inaugrates Asia's largest solar power plant in Rewa

The project has also received World Bank Group President`s Award for innovation and excellence and was included in the Prime Minister`s "A Book of Innovation: New Beginnings".
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PM Modi to dedicate to nation 750 MW Rewa Solar Project today

The project has also received World Bank Group President`s Award for innovation and excellence and was included in the Prime Minister`s "A Book of Innovation: New Beginnings".
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Road deaths and serious injuries cost India Rs 11.38 lakh crore in 2016: World Bank document


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Brazil education minister steps down, heading to World Bank

Brazilian Education Minister Abraham Weintraub on Thursday announced he was stepping down to take a role at the World Bank.
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World Bank approves $1 billion for health, education in Congo

The World Bank said on Tuesday it had approved $1 billion in funding for Democratic Republic of Congo's education and health systems that have been weakened by years of under-funding, conflict and..
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PM's PS Rajeev Topno moves to World Bank, Brajendra Navnit to WTO


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


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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..
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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..
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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..
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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..
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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..
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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..
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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..
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