World Bank
International financial institution
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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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MHA seeks WB report on ED team attacksIndiaTimes - Published | |
Who is Arvind Panagariya, ex-NITI Aayog VC, appointed chairman of 16th Finance Commission?Panagariya has worked in various capacities with the World Bank, IMF, and the United Nations Conference on Trade and Development.DNA - Published | |
Transition away from coal not happening in the near future: GovtIndia's transition away from coal is not expected to happen soon, says the coal and mines minister. The country will continue to rely on coal to ensure affordable energy availability, despite pushing..IndiaTimes - Published | |
World Bank launches comprehensive programme to combat air pollution crisis in IndiaThe World Bank has launched a multi-faceted program to curb the impact of ambient PM2.5 pollution in India. The program includes airshed management tools, State-wide Air Quality Action Plans, and a..IndiaTimes - Published | |
World Bank to host new climate fund that’ll support affected countriesThe World Bank has been chosen to host a new fund for loss and damage (L&D) caused by climate change. The fund, which will support developing countries impacted by climate change, will be based on..IndiaTimes - Published | |
'India's G20 presidency set path for world': World Bank President Ajay BangaWorld Bank President Ajay Banga emphasised that challenges will always exist but India has shown the way by working out a consensus.DNA - Published | |
US President Biden rallies G20 nations to boost World Bank support for low- and middle-income countriesUS President Joe Biden has urged G20 nations to increase funding to the World Bank in order to support low- and middle-income countries. The initiative aims to provide a one-time boost to the..IndiaTimes - Published | |
President of summit, on its eve, looks forward to its initiatives materialisingWith just over 24 hours left for the G20 leaders to start their deliberations on a whole range of geo-political issues, India as the president of the summit of the powerful grouping is expectedly..IndiaTimes - Published | |
Now, Manipur diaspora groups fight over World Bank projectIndiaTimes - Published | |
World Bank President Ajay Banga to travel to India next week to attend G20 meetingIndiaTimes - Published | |
London to host Ukraine recovery conference, with Zelenskyy expected to address delegatesThe UK will open a recovery conference for Ukraine with a pledge to unlock $3bn (£2.4bn) worth of World Bank loans to help the rebuilding, even as Russia's war rages on.Sky News - Published | |
Kerala CM Pinarayi Vijayan flies to Cuba, via USIn an ironic political twist at a time much attention and hoopla is centered on Prime Minister Narendra Modi's state visit to Washington later this month, Kerala's chief minister Pinarayi Vijayan is..IndiaTimes - Published | |
MHA suspends FCRA licence of CARE India over violationsThe NGO is part of CARE International Confederation and has been working in India for the past 70 years with declared objectives like ending poverty and social exclusion. CARE India, which works with..IndiaTimes - Published | World Bank President Malpass praises India for empowering womenIndiaTimes - Published |
Only one boasting about India's economic growth is the government: P ChidambaramCongress veteran and former finance minister P Chidambaram, citing World Bank's latest GDP estimate for India, attacked the government and said it is only the Centre who is 'boasting' about the..IndiaTimes - Published | Ajay Banga poised to become World Bank chief unopposedAjay Banga, an Indian-American businessman, is most likely to become the next President of the World Bank as the deadline for nominations expired with no alternative proposals. Banga, who served as the..IndiaTimes - Published |
$108 million World Bank loan for AssamIndiaTimes - Published | World Bank president nominee Ajay Banga tests positive for Covid-19 in DelhiIndiaTimes - Published |
Odisha, WB chief ministers call to safeguard country’s federal structureOdisha and West Bengal chief ministers, Naveen Patnaik and Mamata Banerjee, gave a call to protect the country’s federal structure during a meeting between them at the former’s residence in..IndiaTimes - Published | Nominee for World Bank president Ajay Banga on Delhi visitIndiaTimes - Published |
World Bank can’t interpret Indus Waters Treaty: MEAIndiaTimes - Published | Indus Waters Treaty: India questions World Bank's decision to start two separate processes to resolve India-Pakistan differencesIndia 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..IndiaTimes - Published |
‘India can boost international trade by making borders superfluid': World Bank country directorIndia 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..IndiaTimes - Published | IMF sees India as 'bright spot' in global economy, says PM Modi; lauds country's strong macroeconomic fundamentalsrime 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..IndiaTimes - Published |
Now, govt eyes better Rule of Law Index scoreAfter 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..IndiaTimes - Published | India may soon experience heat waves that break human survivability limit: World Bank reportThe country is experiencing high temperatures that arrive sooner and stay longer, according to research by the World Bank.DNA - Published |
Energy efficient cooling pathway in India can open an investment opportunity of $1.6 trillion by 2040, says World BankIndiaTimes - Published | Made to keep tariffs low, civic bodies not earning enough to meet op costs: ReportSeveral 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..IndiaTimes - Published |
PM Modi hardly worried, indulging in empty slogans: Congress on World Bank report downgrading India's growth forecastThe 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,..IndiaTimes - Published | Upgrade tracks, don’t go for elevated network on existing routes to run semi-high speed trains: World Bank to railwaysIndiaTimes - Published |
World Bank warns of global recession due to war in UkraineThe president of the World Bank has warned that the war in Ukraine could spark a global recession.Sky News - Published | Times uncertain, rescue those in debt jam, FM tells World BankIndiaTimes - Published |
India committed to eliminating single-use plastic: PM Modi at One Ocean SummitOne Ocean Summit is being organised by France from February 9 to 11 in cooperation with the United Nations and the World Bank.DNA - Published | India, world's largest recipient of remittances, received $87 billion in 2021: World BankIndia, 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..IndiaTimes - Published |
World Bank president congratulates India on successful Covid-19 vaccination campaignIndiaTimes - Published | Finance minister Nirmala Sitharaman discusses post-pandemic economic recovery, other issues with World Bank chiefIndiaTimes - Published |
Finance Minister embarks on week-long US visit to attend G-20, World Bank meetingsIndiaTimes - Published | Official counts of Covid-19 deaths are underestimated in South Asia: World Bank reportIndiaTimes - Published |
World Bank, JICA, SBI Capital & HDFC Bank show interest in dedicated freight corridor project on PPPIndiaTimes - Published | World Bank approves 500 million dollar programme to support India’s informal workforceIndiaTimes - Published |
India blessed to have a major manufacturer of global vaccines: World Bank President on SIIIndiaTimes - Published |