New Delhi: Finance Minister P Chidambaram will leave for the US tomorrow to attend the annual meeting of the IMF and the World Bank, during which world leaders will deliberate on prevailing uncertainty in global
Washington: The World Bank Group (WBG) Tuesday announced that its board of executive directors has approved $140 million of interest-free credit to fund the installation of a modern power plant in Myanmar's Mon state.The funding
United Nations : World Bank President Jim Yong Kim announced Monday that at least $700 million would be invested by 2015 to help developing countries reach the Millennium Development Goals (MDGs) for women and children's
Lucknow: The World Bank has agreed to prepare a blueprint for the three regional growth clusters proposed in Uttar Pradesh on the Eastern Dedicated Freight Corridor (EDFC), Principal Secretary (Industrial and Infrastructure Development) Surya Pratap
New Delhi: The government today approved a proposal to invest USD 4.3 billion in World Bank bonds, which will help the country secure additional funding from the multilateral agency for infrastructure projects. “The Cabinet has
Bhubaneswar: A World Bank team has offered to provide technical assistance, global expertise and logistic support to Odisha and its mining sector, official sources said today.This was conveyed by the five-member World Bank Team led
New Delhi: The World Bank will give $100 million assistance to the National Housing Bank (NHB) to help provide people on low incomes with easy access to housing finance.According to an agreement signed between the
Dehradun, Aug 8: The World Bank and the Asian Development Bank would jointly provide $400 million to rain-ravaged Uttarakhand to redevelop basic amenities like housing, agriculture, education and healthcare facilities besides reconstructing the damaged roads.The
New Delhi, Aug 4: The World Bank has debarred Consulting Engineering Services (India) for five years on charges of fraud and corruption in an NH project in India.The decision follows a World Bank investigation and
New Delhi, Jul 2: The Finance Ministry has sought financial assistance from World Bank and Asian Development Bank (ADB) for rebuilding of damaged infrastructure in flood- ravaged Uttarakhand.“In view of the emergency situation, both ADB
New Delhi, Jan 16: India's growth is expected to inch closer to that of China in near future, a top World Bank economist said here on Tuesday.The World Bank had on Tuesday released its latest
Washington, Jan 16: The World Bank has asked the developing countries like India and Brazil to safeguard their economic growth, given that the world economy remains fragile and growth in high-income countries is weak four
Washington, Jan 16: India's growth is expected to inch closer to that of China in near future, a top World Bank economist has said.The World Bank had yesterday released its latest issue of Global Economic
Washington, Nov 21: India will receive a record $70 billion remittances in 2012, topping the list of developing countries which are expected to receive a total of $406 billion this year, the World Bank has
Washington, Nov 2, 2012: Myanmar is moving at "warp speed" in opening up after years of authoritarian rule but needs to build institutions to improve transparency and economic governance, the World Bank said on Thursday
New Delhi, Oct 24: India continues to be a tough place for doing business even as the country has improved regulator processes for starting enterprises and trading across borders, according to World Bank and IFC.In
Washington, Sep 6: Kaushik Basu, who till recently served as chief economic adviser in the Indian finance ministry, has been appointed as new chief economist and senior vice president of the World Bank.Announcing Basu's appointment
Islamabad, Jun 26: In a setback to Pakistan, the World Bank has linked financing of its USD 11.7 billion Diamer-Bhasha dam project with Indian concurrence, a media report said today.Pakistan was unable to get a
New Delhi, June 21: The Central Vigilance Commission's e-initiative to fight corruption has received appreciation from the World Bank.Officials said the World Bank was impressed with the technological innovation in the especially designed project of
New Delhi, Jun 13: The Indian economy will grow by 6.9% in this financial year (2012-13) notwithstanding problems like policy uncertainties, fiscal deficit and inflation, the World Bank projected on Tuesday, while cautioning that developing
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