"world-bank"

India needs to move quickly to utilise most of the working-age people and maximise its opportunity for accelerated economic growth

Former Mastercard CEO inherits a corporate culture that makes the World Bank Group too inwardly focused and too slow to respond

In February, President Joe Biden announced that the US would be nominating Ajay Banga to lead the World Bank

The war in Ukraine is a major player in preventing some essentials from reaching India, and as of now, it persists in a full-blown mode—the government is overseeing one of the highest inflation rates.

Ambassador Taranjit Singh Sandhu received Union Finance Minister Nirmala Sitharaman on Sunday (local time).

World Bank said that economic growth is likely to be impacted due to sluggish consumption growth, coupled with challenging external factors

Banga, who studied at HPS from 1972-74, was said to be an outstanding student who had always shown exceptional performance

Banga, 63, currently serves as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard.

The global financial institution said that the revised update was mainly due to greater resilience shown by the Indian economy against global shocks and better September quarter figures.

World Bank has estimated a loss of $40 billion to Pakistan's economy as a result of the damage caused by recent cataclysmic floods

Despite growth in the economy and the working-age population in India, the participation of women in the labour force has been declining. This is an alarming trend when seen against the backdrop of increasing crime against women and widespread gender discrimination. India has one of the lowest female participation rates in the workforce across the […]

Washington: The global economy is on track to grow by 4.1 per cent in 2022, down 0.2 percentage point from a previous projection, the World Bank Group said in its latest Global Economic Prospects release. “The global recovery is set to decelerate markedly amid continued Covid-19 flare-ups, diminished policy support, and lingering supply bottlenecks,” the […]

Washington: The World Bank has announced a $93 billion replenishment package of the International Development Association (IDA) to help the poorest countries respond to the raging Covid-19 crisis and boost economic growth. The World Bank’s IDA, established in 1960, helps the world’s poorest countries by providing grants and low to zero-interest loans for projects and […]

Hyderabad: Former Head of Sustainable Development Communications at World Bank, Sarwat Hussain, alumni of Department of Communication and Journalism, Osmania University, passed away at Washington DC in the early hours of Monday, a press release said. Sarwat served at the World Bank as Head of Communications, World Bank Agriculture Global Practices. He did his B.Com […]

By Fernanda G Nicola The World Bank, a behemoth of an organisation that provides tens of billions of dollars in aid to mostly developing countries, is in the middle of one of its biggest scandals since being founded in 1944. The crux of the crisis relates to its Doing Business Index, which ranks the ease […]

The World Bank intends to finance the state government towards the cost of the "Women's Empowerment and Inclusive Social Protection Programme" and apply part of the proceeds for consulting services.

Malpass also called on countries with surplus doses to release it for use by developing countries, and for vaccine manufacturers to prioritise the available doses for the developing countries that so urgently need them.

"India's recovery is being hampered by the largest outbreak of any country since the beginning of the pandemic," the World Bank said.

The panel noted that the COVID-19 pandemic has caused unprecedented public health, economic and social crisis, threatening the lives and livelihoods of millions.

It can help when immediate assistance is critical but there is simply no one-size-fits-all approach to poverty alleviation