World Bank
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Indian economy to grow at 7.5 per cent in 2024, projects World Bank
Business | Apr 03, 2024, 12:20 PM ISTOverall, growth in South Asia is expected to be strong at 6.0 per cent in 2024, driven mainly by robust growth in India and recoveries in Pakistan and Sri Lanka, the World Bank said in its latest South Asia Development Update.
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World Bank maintains India's GDP growth forecast for 2023-24 at 6.3%
Business | Oct 03, 2023, 12:59 PM ISTThe report attributes this resilience to robust domestic demand, substantial public infrastructure investments, and a strengthening financial sector.
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Pakistan: 95 million people living under poverty as living standards fall, reveals World Bank
World | Sep 23, 2023, 04:25 PM ISTAccording to the World Bank, Pakistan's poverty levels shot up from 34.2% to 39.4% since last year, showing that its economic model is unable to ease its poor economic conditions.
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'Five decades journey in just six years...': World Bank applauds India, PM Modi acknowledges it
Business | Sep 08, 2023, 01:58 PM ISTThe World Bank's praises come as India has developed some of the best digital public goods infrastructure, which has the potential to transform lives all across the world.
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G20 Summit 2023: World Bank lauds transformative impact of digital public infrastructure in India
World | Sep 08, 2023, 05:44 PM ISTThe G20 Global Partnership for Financial Inclusion document by World Bank said that India has done in six years what otherwise would have taken five decades.
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World Bank President Ajay Banga to travel to India next week to attend G20 meeting
World | Jul 08, 2023, 08:53 AM ISTThis would be Banga's first trip to India after he took over as the World Bank president last month.
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World Bank approves USD 1.5 billion financing for India's low-carbon transition
Business | Jun 30, 2023, 11:50 AM ISTNoting India as one of the fastest-growing large economies in the world, it said the country's energy demand is expected to grow rapidly as the economy expands.
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World Bank approves $700 million for crisis-hit Sri Lanka; biggest funding since IMF deal in March
World | Jun 29, 2023, 05:57 PM ISTSri Lankan crisis: The Washington-based bank said in a press statement that the World Bank Board of Directors on Wednesday approved USD 700 million in financing to aid Sri Lanka in overcoming its current economic crisis and providing assistance to the poor and vulnerable.
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World Bank approves USD 150 million loan to support Resilient Kerala programme
Business | Jun 17, 2023, 10:41 PM ISTThe project will help the state develop a climate budget and a roadmap to help fill gaps in the state’s open data and digital systems to reduce people’s vulnerability to natural hazards.
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Indian origin Ajay Banga takes over as World Bank President
World | Jun 03, 2023, 01:05 PM ISTBanga was announced as the candidate for the post of president of the World Bank by US President Joe Biden earlier in February this year.
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Joe Biden hails Ajay Banga, says he will be a 'transformative leader' as World Bank president
World | May 04, 2023, 05:52 PM ISTUS President said Banga will also be integral in bringing together the public and private sectors, alongside philanthropies, to usher in the fundamental changes in development finance that this moment requires.
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Indian-origin Ajay Banga becomes next World Bank president | Details
World | May 03, 2023, 10:02 PM ISTBanga was announced as the candidate for the post of president of the World Bank by US President Joe Biden earlier in February this year.
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Indian economy to grow at around 6.5 pc in FY24 despite US, Europe bank crisis: NITI Aayog
Business | Apr 30, 2023, 11:56 AM ISTRecently, the World Bank and the Asian Development Bank projected moderation in Indian economic growth between 6.3 per cent and 6.4 per cent due to a slowdown in consumption and challenging external conditions.
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India jumps 6 places on World Bank's Logistic Performance Index
Business | Apr 23, 2023, 02:00 PM ISTBusiness news: In 2022, the prime minister had launched the National Logistics Policy (NLP) to ensure quick last-mile delivery, end transport-related challenges, save time and money of the manufacturing sector and ensure desired speed in the logistics sector.
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'Pakistan's inflation is projected to rise to 29.5 percent in FY23' claims World Bank
World | Apr 15, 2023, 09:56 PM ISTPakistan: The World Bank has claimed that the inflation rate in Pakistan can rise to 29.5 percent in the fiscal year 2023.
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All 13 Presidents of the World Bank so far have been US citizens; here is why
World | Apr 13, 2023, 10:27 AM ISTUS President Joe Biden has nominated Ajay Banga, an Indian-American executive, to become the next President of the World Bank, continuing the tradition of the US holding the presidency.
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World Bank cuts India's growth forecast to THIS much; where does Pakistan stand? CHECK HERE
Business | Apr 04, 2023, 09:16 PM ISTDespite this, the World Bank report said India was one of the fastest-growing economies in the world despite significant challenges remaining in the global environment.
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World Bank presidential nominee Ajay Banga tests COVID-19 positive ahead of meeting with PM Modi
India | Mar 24, 2023, 08:12 AM ISTWorld Bank presidential nominee Ajay Banga tested COVID-19 positive during routine testing in New Delhi. He is currently quarantined in isolation.
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US nominee for World Bank President Ajay Banga to meet PM Modi at end of his global tour
Business | Mar 23, 2023, 10:57 AM ISTUS nominee for World Bank President Ajay Banga will meet with Prime Minister Narendra Modi as well as the Minister of Finance Nirmala Sitharaman and the Minister of External Affairs S Jaishankar.
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Who is Ajay Banga, ex-Mastercard CEO, nominated by Joe Biden to lead World Bank
World | Feb 24, 2023, 03:07 AM ISTPresident Joe Biden announced that Indian American Ajay Banga is uniquely equipped to lead the global institution at this critical moment.