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"world-bank"

  • Developing countries’ external debt hits record $9.4 trillion in 2025: World Bank

    Developing countries' external debt reached a record $9.4 trillion in 2025, with borrowing costs threatening development spending, the World Bank said. India's external debt rose 6.4 per cent to $763.5 billion, although its debt-service-to-exports ratio declined
  • Editorial: Credible progress, but a long way to go

    India has made remarkable progress in reducing poverty, but hunger, widening inequality, unemployment, and inadequate job opportunities reveal the challenges that remain
  • World Bank estimates $1.66 billion in physical damage from Nepal floods

    The World Bank estimates that Nepal's August 26 floods caused $1.66 billion in direct physical damage, with infrastructure accounting for 83 per cent. The disaster severely affected hydropower, transport networks and trade, highlighting the need for resilient reconstruction
  • BRICS seeks greater emerging-market voice in IMF, World Bank

    BRICS finance ministers and central bank governors called for greater representation of emerging-market and developing economies in the IMF and World Bank while criticising unilateral tariffs. The expanded bloc also backed local currencies and stronger cross-border payment mechanisms
  • India need not worry about FCNR (B) repayment: World Bank’s Neelkanth Mishra

    World Bank Executive Director Neelkanth Mishra said India need not worry about repaying FCNR(B) deposits at maturity, as they can be rolled over if global financing conditions remain tight. He described the deposits as relatively cheap capital and called India’s external debt position healthy
  • World Bank approves financing for India’s solar rooftop programme

    The World Bank has approved financing for India's national solar rooftop programme, supporting the PM Surya Ghar: Muft Bijli Yojana. The initiative aims to expand residential solar adoption, create 1.7 million jobs and mobilise billions of dollars in private investment
  • World Bank recognition vindicates KCR’s vision: KTR

    The World Bank has ranked Telangana among India’s top five upper-middle-income States, placing it third with a per capita income of USD 5,407. BRS working president KT Rama Rao described the recognition as validation of former Chief Minister K Chandrashekhar Rao’s reforms and leadership, crediting initiatives such as TS-iPASS and Rythu Bandhu for the State’s rapid economic transformation.
  • Telangana secures spot in World Bank’s upper-middle-income bracket

    Telangana has entered the World Bank's upper-middle-income category with a per capita income of ₹4.19 lakh for 2025-26, becoming one of five Indian states to achieve the milestone. Strong economic growth over the past decade has positioned it among India's wealthiest states
  • Nepal stuck in asymmetrical economic ties with China

    Nepal faces a widening trade deficit with China, driven by heavy imports and weak exports. World Bank data shows BRI projects favour Chinese firms, deepening structural imbalances and exposing Nepal’s economic vulnerabilities
  • World Bank releases US$ 340 mn for Amaravati development

    World Bank has disbursed US$ 340 million for Amaravati Capital Phase-I, with further funding expected. The project, supported also by Asian Development Bank, aims to build infrastructure and boost jobs in Andhra Pradesh under a results-linked financing model
  • New digital media centre strengthens journalism education at Osmania University

    The Sarwat Hussain Digital Media Centre at Osmania University is equipped with Rs. 20 lakh worth of donated digital production equipment, honouring alumnus Sarwat Hussain and strengthening journalism education.
  • US pulls out from vaccines alliance Gavi, says it has lost public trust

    Gavi is a public-private partnership including WHO, UNICEF, the Gates Foundation, and the World Bank. It has paid for more than 1 billion children to be vaccinated through routine immunisation programmes, saving an estimated 18 million lives
  • Citing Trump’s trade wars, World Bank sharply downgrades its forecast for global economic growth to 2.3 per cent

    World Bank forecast says President Donald Trump's trade wars are expected to slash economic growth this year in the United States and around the world
  • India cannot hold talks on Indus Waters Treaty until terror concerns addressed

    India has suspended the Indus Waters Treaty with Pakistan, demanding action on terrorism and a complete treaty overhaul. Despite Pakistan's repeated outreach, India remains firm. A new study will help India fully use its share of river water
  • 269 million Indians lifted out of extreme poverty over 11 years, says World Bank

    About 75.24 million people were living in extreme poverty in India during 2022–23, a massive drop from 344.47 million in 2011–12
  • Parameswaran Iyer to represent India on IMF Board at key meet on Pakistan loan

    Iyer will represent India on the IMF Board as the slot has fallen vacant following the recall of KV Subramanian as the country’s executive director, six months ahead of his three-year tenure
  • Central Government releases over Rs 4,200 crore to Andhra for Amaravati capital project

    The World Bank and Asian Development Bank (ADB) together committed to fund USD 1600 Million (Rs 13,600 crore), USD 800 Million each, for Amaravati capital city phase-I development, while the Centre will be contributing remaining Rs 1,400 crore, out of the Rs 15,000 crore committed by the Central Government for phase-I of the development
  • Indians working abroad sent home a record $129.4 billion in 2024

    India tops the list of recipient countries for remittances in 2024 and is way ahead of second-placed Mexico with $68 billion
  • World Bank projects India’s growth to be 6.7 pc in next two fiscal years

    The Word Bank’s Global Economic Prospects released on Thursday estimated the current fiscal year’s growth rate at 6.5 per cent, down from the 8.2 per cent in the previous period.
  • World Bank’s $800 million loan to transform Amaravati into India’s next mega city

    "India's urban population is projected to double to 950 million by 2050, driving the need for sustainable and livable cities as centers of growth. Amaravati presents a promising opportunity to showcase this urban transformation," said Auguste Tano Kouame, the World Bank's Country Director for India.
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