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  COP28 World Climate Action Summit: PM Modi hails 'historic' approval of 'Loss and Damage' Fund

  World | December 01, 2023 18:25 IST

  PM Modi asserted that India has given the utmost priority to achieving sustainable development and climate change and called on the developed countries to contribute more in this matter. He also congratulated the UAE President for announcing the Climate Investment Fund.

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  Developing countries face growing risks from financial fragility: World Bank

  World | February 16, 2022 8:34 IST

  High levels of non-performing loans and hidden debt impair access to credit, and "disproportionately" reduce access to finance for low-income households and small businesses, the report noted.

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  World Bank expands COVID vaccine funding to $20 billion

  World | July 01, 2021 14:01 IST

  "In view of the surging demand for World Bank vaccine finance, I am pleased to announce today that the World Bank is expanding its financing available for Covid-19 vaccine financing to $20 billion over the next 18 months, adding $8 billion to the previously announced $12 billion," said World Bank Group President David Malpass, in the statement.

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  BRICS' New Development Bank launched in Shanghai

  World | July 21, 2015 17:27 IST

  Shanghai: The New Development Bank (NDB) of BRICS commenced business here on Tuesday. The BRICS countries comprise the world's major emerging economies: Brazil, Russia, India, China and South Africa.Chinese Finance Minister Lou Jiwei, Shanghai Mayor

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  Hope to take forward China, India strategic ties: Xi Jinping

  India | September 18, 2014 10:15 IST

  New Delhi: Chinese President Xi Jinping Thursday said that he was looking forward to take India, China "strategic relationship" forward.Xi said that China and India are the world's two largest developing countries and have emerging

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  Developing countries to get $410 bn in remittances

  World | October 03, 2013 8:12 IST

  Washington :  Remittances to the developing world are expected to grow by 6.3 percent this year to $414 billion, according to revised estimates and forecasts issues Wednesday by the World Bank."India and China alone will