Page 3 World Bank: Latest News and Updates, Top Stories, Videos, Photos About World Bank

IMF, World Bank Chiefs Warn Of Debt Squeeze, In Poor Nations

The heads of the International Monetary Fund and the World Bank warned Wednesday that rising interest rates are squeezing the world's poorest countries as they struggle with the coronavirus and soaring food prices. There is "a huge buildup of ...

34 Per cent Of Pakistan's Population Lives, On Just Rs 588 A Day Income: World Bank

Around 34 per cent of Pakistan's population lives on just USD 3.2 or Rs 588 a day income, the World Bank has said as the cash-strapped country's new Finance Minister Miftah Isamil faces uphill tasks of containing rising inflation and navigating ...

FM Leaves For US, To Attend World Bank, IMF Meetings

Finance Minister Nirmala Sitharaman will be leaving for the US later on Sunday to attend the spring meetings of the World Bank and the IMF as well as G20 finance ministers and central bank governors (FMCBG). During the official ...

Govt In Discussion With World Bank, For Collaboration On Coal Mine Closure Framework

The coal ministry is in discussions with the World Bank for collaboration on the mine closure framework, a government official said on Wednesday. Coal Additional Secretary M Nagaraju said the government is committed to ensuring that mines are properly and scientifically ...

India, World's Largest Recipient of Remittances, Received USD 87 Billion in 2021: World Bank

India, the world's largest recipient of remittances, received USD 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 Bank. India is followed by China, Mexico, ...

Need Additional Time To Consider Data-Rigging Details: IMF

The executive board of the International Monetary Fund said late Friday that it is seeking more "clarifying details" in its investigation into allegations that the head of the IMF pressured staff at the World Bank to change business rankings for China ...

Amid Recession, Sub-Saharan Africa Poised For Recovery: World Bank

Economic growth in Sub-Saharan Africa is estimated to have contracted by 2.0% in 2020, closer to the lower bound of the forecast in April 2020, and prospects for recovery are strengthening amid actions to contain new waves of the pandemic and ...

World Bank Projects India's GDP Growth At 7.5-12.5% For FY22

The World Bank has estimated India's GDP growth to be between 7.5-12.5 percent during FY22. For the fiscal year ending today, contraction in GDP is estimated to be at 8.5% in comparison to 4% growth in FY 2020. In ...

Gold Steady, Silver Prices See Sharp Correction And Could Decline Further

On Thursday, gold and silver prices declined marginally, imitating the international markets. On MCX (Multi Commodity Exchange of India) the yellow metal was trading 0.15 percent lower at Rs 50,420 per 10 grams at 11:30 am. In the international market, spot ...

World In Deepest Recession Since Great Depression Due To COVID-19: WB

Calling COVID-19 a "catastrophic event" for many developing and the poorest countries, World Bank President David Malpasshe said that the world is experiencing one of the deepest recessions since the Great Depression in the 1930s due to the pandemic. Given ...

World Bank Halts Ease Of Doing Business Ranking Over Data Irregularities

On Thursday (local time), World Bank said that it has paused its publication of the Doing Business Report for 2020, due in October, as it probes data collection irregularities in the annual reports. "A number of irregularities have been reported regarding ...

World Bank Signs $750 Mn MSME Emergency Response Programme With India

On Monday, the World Bank signed a $750 million (about Rs 5,600 crore) agreement with the Indian government for an MSME Emergency Response Programme to support the increased flow of finance into the hands of small businesses severely impacted by the ...

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