world bank

Jim Yong Kim re-appointed as World Bank President

Jim Yong Kim has been re-appointed for a second five-year term as World Bank president, beginning July 1, next year, the bank announced.

Boost for religious tourism in Pakistan, World Bank interested in assistance

The World Bank is interested in helping Pakistan to promote religious tourism in the country as the five most important Sikh pilgrimage sites are located in the country’s Punjab province.

With all votes in, Pedro Pablo Kuczynski celebrates win in Peru Presidential election

Former World Bank economist Pedro Pablo Kuczynski won the majority of votes in Peru's closest presidential contest in five decades, election officials announced Thursday, even as his rival Keiko Fujimori has yet to concede de

World Bank report indicates high Infant mortality rate in Pakistan

This trend has been visible for the past several years with a marginal difference in percentages...

World Bank cuts global growth forecast on weak demand, commodity prices

The World Bank slashed its 2016 global growth forecast on Wednesday to 2.4 percent from the 2.9 percent estimated in January due to stubbornly low commodity prices, sluggish demand in advanced economies, weak trade and dimi

​India now a ‘lower-middle-income’ economy for World Bank

The World Bank has dropped the use of developing nation tag for India in its specialised reports and instead classifies it as a "lower-middle-income" economy in South Asia, a top official has said.

India, World Bank sign agreement for efficient bus service

India on Tuesday signed a $9.2-million grant agreement with the World Bank for the 'Efficient and Sustainable City Bus Service Project' aimed at improving the efficiency of the transport and reduce greenhouse gas emissions.

India signs $100 mn loan agreement with World Bank

India today signed a $ 100 million (about Rs 677 crore) loan agreement with multilateral lending agency World Bank for Karnataka Urban Water Supply Modernisation Project.

Expand role in social sector projects: Arun Jaitley to World Bank

Pitching for the World Bank to have a larger capital base, Finance Minister Arun Jaitley has asked the multilateral lending institution to expand its role in social sector projects including on education and health.

World Bank nod for $625 mn loan to Indian solar programme

The World Bank said on Monday it has approved a $625 million loan to support India's grid connected rooftop solar programme to generate clean energy.

World Bank approves $625 mn aid for India’s solar programme

The World Bank's Board has approved $625 million loan to support India's grid connected rooftop solar programme to generate clean energy.

Water scarcity to cost growth, spark conflict, migration: World Bank

The World Bank has warned that water scarcity, exacerbated by climate change, could impact growth, spur migration and spark conflict across the globe including in India where several regions are facing water deficit.

10 per cent rise in China apparel prices to create 1.2 mn Indian jobs: World Bank

Rising wages in China presents a huge opportunity to the apparel sector in India with a possibility of creating up to 1.2 million jobs in the country, a World Bank report said today.

IMF, World Bank, UN, OECD form new group to stop tax erosion

The International Monetary Fund and the World Bank said on Tuesday they are joining forces with other international organizations to cooperate on tax issues and develop new tools and standards to halt tax base erosion and eva

India asks World Bank to increase development fund to $100 bn

India today asked the World Bank to increase its developmental fund to USD 100 billion a year from the existing USD 50-60 billion and called for enhancing...

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