World Bank

Water Pollution Can Reduce Economic Growth By A Third, Says World Bank

World News | Agence France-Presse | Wednesday August 21, 2019

Heavily polluted water is reducing economic growth by up to a third in some countries, a World Bank report said Tuesday, calling for action to address human and environmental harm.

China-Backed Bank Drops $200 Million Loan For Amaravati Project

Andhra Pradesh News | Edited by Chandrashekar Srinivasan | Tuesday July 23, 2019

A proposed loan worth $200 million (approximately Rs 1,300 crore) for Andhra Pradesh's new capital - Amaravati - was today dropped by China-backed Asian Infrastructure Investment Bank

Imran Khan, On 3-Day US Visit, Holds Talks With World Bank President

World News | ANI | Monday July 22, 2019

Pakistan Prime Minister Imran Khan, who is on a three-day visit to the US, on Sunday held talks with World Bank President David Malpass.

World Bank Drops Rs 2,000-Crore Loan Proposal For Amaravati Project

Andhra Pradesh News | Written by Uma Sudhir, Edited by Divyanshu Dutta Roy | Friday July 19, 2019

A proposed loan worth $300 million or about Rs 2,000 crore for Andhra Pradesh's new capital Amaravati has been dropped by the World Bank dropped after the central government reportedly withdrew the application.

World Bank 'Drops' $300 Million Amaravati Project

India News | Press Trust of India | Friday July 19, 2019

In a jolt to the Andhra Pradesh government, the World Bank has "dropped" out of the Amaravati Sustainable Infrastructure and Institutional Development Project, pushing the state capital city's development into further jeopardy.

Kerala To Get $ 250 Million World Bank Loan For Flood Resilient Programme

India News | Press Trust of India | Tuesday July 16, 2019

Marking its first ''state partnership'' in India, the World Bank will extend a USD 250 million loan for the Resilient Programme in Kerala, which had been devastated by worst floods in a century last August.

World Bank Imposes One Of Its Biggest Fines On Cash-Starved Pak Over Mine

World News | Press Trust of India | Monday July 15, 2019

An international arbitration court has imposed a penalty of $5.976 billion on Pakistan -- one of the biggest in its history -- for the unlawful denial of a mining lease to a company in 2011.

World Bank Court Orders Pak To Pay $6 Billion To Foreign Firm Over Mine Closure

World News | Agence France-Presse | Monday July 15, 2019

Pakistan will have to pay almost $6 billion in damages to a foreign gold mining firm whose dig was shut down by the government in 2011, the World Bank said Sunday.

SBI's Anshula Kant Appointed As Managing Director Of World Bank Group

Business | Indo-Asian News Service | Saturday July 13, 2019

Ms Kant is a graduate in Economic Honours from Lady Shri Ram College and a post-graduate in Economics from Delhi School of Economics.

Government's 14,000-Crore-Rupee Plan To Curb Road Accidents Across India

India News | Press Trust of India | Thursday July 11, 2019

A Rs 14,000 crore project has been prepared by the government to identify accident black spots and plug gaps in highways to reduce casualties, Road Transport and Highways Minister Nitin Gadkari said in Lok Sabha today

Indian Economy Grows To $2.75 Trillion In 2018-19: Economic Survey

Business | Thursday July 4, 2019

According to data from the World Bank, India surpassed France and emerged as the world's sixth-largest economy in 2017

China's Belt And Road Can Speed Development, Needs Transparency: World Bank

World News | Reuters | Wednesday June 19, 2019

China's massive Belt and Road infrastructure drive could speed up economic development and reduce poverty for dozens of developing countries, the World Bank said on Tuesday in a new report that called for deep policy reforms and more transparency for the initiative.

Pakistan Inks 3 Loan Deals Worth $918 Million With World Bank To Overcome Financial Crisis

World News | Press Trust of India | Wednesday June 19, 2019

Pakistan on Tuesday signed three loan agreements worth a total of USD 918 million with the World Bank, Prime Minister Imran Khan's adviser on finance has said as the cash-strapped country tries to overcome a ballooning balance-of-payments crisis that threatens to cripple its economy.

World Bank Retains India's Growth Rate Forecast For 2019-20 At 7.5%

Business | Press Trust of India | Wednesday June 5, 2019

The Bank in its Global Economic Prospects released on Tuesday said that India is estimated to have grown 7.2 per cent in fiscal year 2018/19, which ended March 31.

World Bank's India Growth Forecast Unchanged At 7.5% For Fiscal 2020

India News | ANI | Wednesday June 5, 2019

The World Bank retained its forecast of India's growth rate at 7.5 per cent for the current financial year. In its Global Economic Prospects report, the World Bank also said growth rate is expected to remain the same for the next two fiscals.