World Bank Latest News, Photos and Videos

Exclusive: 'Women must challenge cultural stereotypes and norms', World Bank panelist says
World | May 29, 2020 19:22 IST
Digital education for women is not just important, it is a must. Especially now, when we find ourselves confined indoors due to the coronavirus pandemic, it becomes all the more crucial for one to know how to go about life when social distancing is highly advisable. To this regard, some of the worst impacted sections of the society include those who live in rural India and have neither the society's backing to prosper nor the technological or financial resources to be self-reliant (or as we like to term it these days -- Atmanirbhar).
World Bank approves USD 500 mn loan for Pakistan
World | May 24, 2020 16:35 IST
The World Bank has restored Pakistan’s budgetary support after four years and approved a policy loan of USD 500 million to help the cash-strapped country mitigate adverse impact of the coronavirus pandemic, according to a media report.
World Bank appoints Indian economist to key position in South Asia
World | May 23, 2020 12:39 IST
Abhas Jha, an Indian economist, has been appointed by the World Bank to a key position on climate change and disaster management in South Asia, the global lender said. Jha's appointment comes at a time when Cyclone Amphan has badly hit West Bengal, Orissa in India and Bangladesh.
World Bank estimates 60 million people may fall into extreme poverty due to COVID-19
World | May 20, 2020 14:08 IST
The coronavirus pandemic is expected to put over 60 million people into extreme poverty globally, the World Bank has said as it announced emergency operations worth USD 160 billion in 100 developing countries to fight the deadly virus.
$1 billion social protection package announced for India by World Bank
News | May 15, 2020 11:20 IST
The World Bank has announced $1 billion social protection package for India in wake of the coronavirus pandemic that has halted life across the country. The package is linked to Govt of India programmes.
World Bank announces $1 billion social protection package for India
Business | May 15, 2020 10:38 IST
The World Bank has announced $1 billion social protection package for India in wake of the coronavirus pandemic that has halted life across the country. The package is linked to Govt of India programmes.
COVID-19 may make education outcomes worse: World Bank
India | May 11, 2020 13:50 IST
The COVID-19 pandemic has threatened to make education outcomes worse and without aggressive policy, the virus outbreak across the globe will have immediate costs on both learning and health of children and youth, according to the World Bank's education team.
World Bank approves USD 400 million to enhance India's coastal resources
India | April 29, 2020 21:02 IST
To enhance and safeguard the coastal and marine resources, the World Bank on Tuesday approved USD 400 million multi-year financial support to India.
World Bank predicts 'sharpest decline' of remittances due to COVID-19
World | April 23, 2020 7:55 IST
Global remittances are projected to decline by about 20 percent this year due to the COVID-19-induced economic crisis, the World Bank Group (WBG) said.
Lockdown in India has impacted 40 million internal migrants: World Bank
World | April 23, 2020 6:41 IST
The nationwide lockdown in India which started about a month ago has impacted nearly 40 million internal migrants, the World Bank has said.
COVID-19 to hit South Asia very hard, warns World Bank
Business | April 12, 2020 9:52 IST
According to a report, the impact of the pandemic will hit hard low-income people, especially informal workers in the hospitality, retail trade, and transport sectors who have limited or no access to healthcare or social safety nets.
World Bank approves $1 Billion coronavirus emergency fund for India
India | April 03, 2020 8:34 IST
The World Bank has announced that India is to receive $1 billion in emergency financing to fight the COVID-19 pandemic.
Coronavirus outbreak taking big toll on Asia’s economy, says World Bank
Business | March 31, 2020 9:09 IST
The World Bank has pledged to provide $14 billion in financial support through a fast-track package to strengthen the response of developing countries to the virus and expects to deploy up to $160 billion over the next 15 months to protect the poor and vulnerable.
World Bank urges G20 to let poorest countries suspend all repayments of bilateral credit
Business | March 24, 2020 0:10 IST
World Bank President David Malpass on Monday urged G-20 countries to let the poorest countries suspend all repayments of official bilateral credit due to the adverse impact on their economies due to the coronavirus pandemic.
World Bank increases COVID-19 response fund to USD14 Billion
World | March 18, 2020 7:45 IST
The World Bank has announced increasing to USD14 billion the amount of fast-track financing to assist companies and countries in their efforts to respond to the rapid spread of COVID-19, adding USD2 billion to the initial package.
World Bank team hails Jagan Reddy govt's initiatives
India | February 25, 2020 20:52 IST
Hailing the YSR Congress government's initiatives, particularly in health and education sectors, a visting World Bank team on Tuesday said the things Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy learned during his 3,648-km paada yatra (foot march) clearly reflected in his policies.
Twice as much food being wasted globally as thought: Study
World | February 14, 2020 14:33 IST
Consumers around the world may be wasting more than twice as much food as commonly believed, according to a study. The Food and Agriculture Organization of the United Nations (FAO) estimated that in 2005.
India growth projected to 'decelerate' to 5 pc in 2019-2020: World Bank
Business | January 09, 2020 7:03 IST
The World Bank has projected a five percent growth rate for India in 2019-2020 fiscal but said it was likely to recover to 5.8 percent in the following financial year.
Pak, World bank sign agreement for financing Khyber Pass Economic Corridor project
World | December 14, 2019 14:56 IST
The project is aimed at constructing a 48km four-lane, dual carriageway, high-speed and access-controlled motorway from Peshawar to Torkham border point with Afghanistan in a bid to promote economic development and ensure uplift of the areas adjoining the expressway and falling in Khyber-Pakhtunkhwa.
US Senators propose bill to clamp down on World Bank lending to China
World | December 12, 2019 12:08 IST
Three Republican Senators have tabled legislation in the United States Senate to prevent World bank from lending to China on projects that would be used against religious and ethnic minorities.