WORLD BANK

  • World Bank trims estimate of Ebola economic cost January 21, 2015

    Washington: The World Bank trimmed its estimates of the economic damage of the Ebola epidemic on Tuesday, but warned that the three main affected countries would still bear a heavy cost. After warning last October that the outbreak, which has killed more than 8,600, could wreak $25 billion in economic losses...
  • World Bank to give aid for building toilets in Chhattisgarh January 15, 2015

    Raipur: World Bank will extend financial aid to build toilets in tribal-dominated villages of Chhattisgarh under Centre's flagship 'Swachh Bharat Abhiyan'. World bank will give an aid of Rs 240 crore in next five years to the Centre for constructing toilets in households in the tribal areas and also for running...
  • World Bank cuts global economic outlook despite oil price drop January 14, 2015

    Washington: The World Bank on Tuesday lowered its global growth forecast for 2015 and next year due to disappointing economic prospects in the euro zone, Japan and some major emerging economies that offset the benefit of lower oil prices. The global development lender predicted the global economy would grow 3 percent...
  • India will catch up with China's growth rate in 2016-17: World Bank January 14, 2015

    Washington: India will catch up with China's growth at 7 per cent in the year 2016-17, the World Bank has forecast, saying India's economy has recovered in the wake of the economic reform measures taken by the new Indian government, falling oil prices and lower interest rates. "India will catch up...
  • Investors across the world attend 7th edition of Vibrant Gujarat Summit January 11, 2015

    Addressing at the seventh edition of Vibrant Gujarat Summit in Gandhinagar, Prime Minister Narendra Modi on Sunday wooed investors from across the world by presenting his government as business-friendly and portraying India as the idle place for an investment. ...
  • World Bank projects 6.4 per cent economic growth in India in 2015 January 11, 2015

    Gandhinagar: Indian economy is likely to grow at 6.4 per cent in 2015 and accelerate further in the next year on the back of steps being taken by the Narendra Modi-led NDA government, World Bank President Jim Yong Kim said on Sunday. Speaking at the...
  • Slow growth in global trade, says World Bank January 8, 2015

    Washington: In the aftermath of the economic crisis, there has been slow growth in global trade, the World Bank has said. In the year 2012 and 2013, the global trade expanded by less than 3.5 per cent, which is well below the pre-crisis average annual rate of seven per cent,...
  • Global warming could undermine poverty fight: World Bank November 24, 2014

    Washington: Climate change could undermine efforts to defeat extreme poverty around the globe, the World Bank has warned. In a new report on the impact of global warming, the bank said sharp temperature rises would cut deeply into crop yields and water supplies in many areas and possibly set back efforts...
  • India ranking to improve if states' best practices included: World Bank November 4, 2014

    Mumbai: The World Bank, which recently ranked India 142nd in its ease of doing business list, on Tuesday said the ranking will improve by at least 50 notches if one includes the best practices followed at the state level. "A few years back the World Bank did a sub-national 'ease of...
  • Guinea offers USD 10,000 to families killed by Ebola October 23, 2014

    Conakry: The families of every Guinean health worker who has died in the Ebola outbreak will be compensated for their loss with USD 10,000 (7,800 euros), the government has said. A total of 42 families are currently eligible for the payout, said Sakoba Keita, the minister in charge of the...
  • UN's $1 billion Ebola fund gets deposit of just $100,000 so far October 16, 2014

    United Nations: A United Nations trust fund, seeking $1 billion to fight Ebola in West Africa, has received a deposit of just $100,000 nearly a month after it was set up to allow for rapid, flexible funding of the most urgent needs on the ground. As of Thursday, $365 million had...
  • World Bank keen on funding Andhra Pradesh Buddhist circuit: CM Naidu October 11, 2014

    Hyderabad: Making tourism one of its key focus areas in its services sector mission, Andhra Pradesh government said on Saturday that the World Bank is keen on funding the state's 'Buddhist circuit'. Andhra Pradesh Chief Minister N Chandrababu Naidu said that proposals to develop tourist circuits would be invited and...
  • World Bank sees financial impact of Ebola at as much as $32.6 billion in Africa October 8, 2014

    Geneva: The regional impact of West Africa's Ebola epidemic could reach $32.6 billion by the end of 2015 if it spreads significantly beyond the worst-hit countries of Guinea, Liberia and Sierra Leone, the World Bank said on Wednesday. "The enormous economic cost of the current outbreak to the affected countries and...
  • Indian economy to grow by 6.4 per cent in 2015-16: World Bank October 7, 2014

    Washington: Indian economy, which accounts for 80 per cent of South Asia's output, is set to grow by 6.4 per cent in 2015-16 as against 5.6 per cent in 2014-15, the World Bank has said. With economic activity buoyed by expectations from the new elected government of Prime Minister Narendra Modi,...
  • US hospital bungled report of Africa travel in Ebola case October 2, 2014

    Washington: The first person diagnosed with Ebola in the United States initially told a nurse he had traveled in Africa but was sent home anyway, raising concerns about US preparedness for the spread of the deadly virus. The man, whose identity and nationality have not been released by health authorities, flew...
  • IMF, World Bank warn of renewed Gaza violence September 17, 2014

    Jerusalem: The World Bank and International Monetary Fund warned that insufficient funding and political efforts to rebuild Gaza would make economic recovery almost impossible and lead to further violence. The warnings came three weeks after Israel and Hamas signed a ceasefire to end 50 days of conflict, and as the...
  • World bank keen to fund Mumbai's two new mega Metro projects: MMRDA September 14, 2014

    Mumbai: With the Japanese government taking a lead in funding the megapolis' many signature infrastructure projects, the World Bank has evinced interest in funding the proposed CharkopDahisar and WadalaTeen Hath Naka Metro projects. The Japan International Cooperation Agency (JICA) has already committed to fund the Mumbai Metropolitan Region Development Authority's (MMRDA)...
  • Study on ease of doing business not in line with reality: Government September 10, 2014

    New Delhi: Government on Wednesday said that the World Bank's ease of doing business ranking for India is "not in line with the reality" and has asked the multilateral lending body to reassess the parameters. As per the latest World Bank's report on 'ease of doing business', India had slipped three...
  • Subhash Chandra Garg appointed as World Bank ED September 10, 2014

    New Delhi: Senior IAS officer Subhash Chandra Garg was on Wednesday appointed as Executive Director in World Bank. Garg, a 1983batch IAS officer of Rajasthan cadre, will have a tenure of three years from the date of assuming charge of the post, said an order issued by the Appointments Committee of...
  • MoS Home Rijiju to attend world reconstruction meet in Washington September 9, 2014

    New Delhi: Union Minister of State for Home Kiren Rijiju will attend the second World Reconstruction Conference being organised by World Bank in Washington DC from September 10 to 12. Rijiju will lead the Indian delegation for the meet and would be a panelist for the opening plenary on the...
  • World Bank warns of global jobs crisis September 9, 2014

    Sydney: The world is facing a global jobs crisis that is hurting the chances of reigniting economic growth and there is no magic bullet to solve the problem, the World Bank warned on Tuesday. In a study released at a G20 Labour and Employment Ministerial Meeting in Australia, the Bank said...
  • Poor response to Ebola causing needless deaths, says World Bank head September 2, 2014

    Dakar/Lagos: The world's "disastrously inadequate response" to West Africa's Ebola outbreak means many people are dying needlessly, the head of the World Bank said on Monday, as Nigeria confirmed another case of the virus. In a newspaper editorial, World Bank President Jim Yong Kim said Western healthcare facilities would easily be...
  • World Bank President talks on India at 'The Appointment' July 26, 2014

    New Delhi: Jim Yong Kim, President, World Bank Group is on his second visit to India after acceding to the post. The World Bank President terms his meeting with India's Finance Minister Arun Jaitely as positive and added that the world Bank is encouraged by the budget brought in by...
  • World Bank President promises to help India in cleaning river Ganga July 24, 2014

    New Delhi: World Bank President Jim Yong Kim promised to help India in cleaning up the river Ganga. The remarks came after Kim met Prime Minister Modi on Wednesday and also discussed a host of issues. Kim has said that they will send their best team to India to work on...
  • Rather than dollars, India need ideas, knowledge: Modi to World Bank July 23, 2014

    New Delhi: Prime Minister Narendra Modi on Thursday told World Bank President Jim Yong Kim that India requires ideas, knowledge and expertise "rather than dollars" as there is a need to focus on developing a base of skilled people keeping the future in mind. During a meeting, Modi also suggested to...
  • India should avoid fiscal slippage: World Bank July 7, 2014

    New Delhi: Inflation is still uncomfortably high in India and the new government should avoid fiscal slippage as it seeks to revive the economy, the World Bank's India director said. The comments came after Finance Minister Arun Jaitley warned of tough measures in his first budget on July 10, saying "mindless...
  • India needs sweeping power sector reforms: World Bank June 24, 2014

    New Delhi: Electricity distribution in India needs reform to achieve the target of electricity to all by 2019, the World Bank said on Tuesday. "Power distribution in India needs sweeping reforms if it is to bring back the country to a high growth trajectory and meet its goal of expanding access...
  • 1,000 km of new BRT would save 27,000 lives in India: World Bank June 24, 2014

    Washington: World Bank President Jim Young Kim has said India can save more than 27,000 lives and create over 128,000 jobs if it builds 1,000 kilometres of new bus rapid transit (BRT) lanes in the next 20 years. "If India built 1,000 kilometres of new, bus rapid transit lanes, over...
  • World Bank grants Rs 8 crores for developmental projects in Northeast June 19, 2014

    Guwahati: The World Bank on Thursday awarded grants worth $1.4 million (over Rs 8 crore) to 12 organisations for various developmental projects in Assam, Meghalaya and Mizoram. "From low cost eye care, to tapping unbanked populations through technology, to providing energy efficient solutions for water and sanitation issues these...
  • Government launches Rs 1,603 cr World Bankbacked clean water project in 10 districts June 14, 2014

    The government of Uttar Pradesh on Saturday launched a Rs 1,603 crore World Bankbacked project aimed at providing clean water to over 25 lakh people. The World Bank is supporting the project with an International Development Association (IDA) credit of Rs 801.5 crore. IDA is the World Bank's concessionary lending arm,...