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Latest Articles in world bank

World Bank Approves $135 Million Loan To West Bengal For Upgrading Rural Power Distribution Network

The variable spread loan or floating interest loan will have a maturity of 17 years, including a grace period of seven years and will aim to strengthen distribution networks, invest in smart-grid technologies, and ensure financial sustainability of the state discom.

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India, World Bank, And Doing Business Index Controversy

Kristalina Georgieva, the current Managing Director (MD) of the International Monetary Fund (IMF), has come under fire for her role in these irregularities, at the time when she was at the World Bank.

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IMF Board Says Needs More Time To Weigh Data-rigging Details

The fund's executive board met Friday to consider the results of an investigation that found that in 2018, World Bank employees were pressured to alter data affecting its business-climate rankings of China and other nations. At the time, current IMF head Kristalina Georgieva was a top official at the World Bank.

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IMF Chief Facing Data-rigging Allegations Defends Actions

The bank's "Doing Business” report ranked countries after evaluating their tax burdens, bureaucratic obstacles, regulatory systems, and other business conditions. High rankings in the report were coveted by governments seeking to attract investment.

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India To Grow At 8.3% In Current Fiscal: World Bank

The country to grow at 7 per cent on an average for the next two fiscals. South Asian region to grow at 7.1 per cent in the current fiscal as well as the next.

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IMF Gets Briefing On Probe Into China Rankings At World Bank

The Doing Business report evaluated a country''s tax burdens, bureaucratic obstacles, regulatory system and other business conditions, and its rankings was used by some governments to try to attract investment.

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Kaushik Basu Dubs News Of Manipulation Of World Bank's Doing Business Ranking As 'Shocking'

The World Bank Group has decided to discontinue publication of its Doing Business (DB) report on country investment climates following allegations of irregularities.

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India Eyes Opportunity As World Bank Audit Reveals Chinese fraud In Doing Business ranking

However, Kaushik Basu, former Chief Economist at World Bank, who supervised the release of the reports during 2012-16 said he was never pressurized by any Indian governments.

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World Bank Group To Discontinue Doing Business Report

The group remains firmly committed to advancing the role of the private sector in development and providing support to governments to design the regulatory environment that supports this

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Govt, World Bank Ink $250 Mn Loan Pact To Improve Dam Infra

The USD 250 million project for the long-term is for dam safety programme and improving the safety and performance of existing dams across various states of India

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World Bank Arm IFC Holds Nearly 5% Stake In Federal Bank With Rs 916 Cr Capital Infusion

Increased financing for climate-friendly projects as well as more financing for small businesses to help accelerate India's economic recovery from COVID-19 are expected in the wake of a USD 126 million (Rs 916 crore) equity investment in the bank

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Indian Govt Needs To Do More To Convince Banks, NBFCs To Lend To MSMEs: AIIB Senior Economist

The whole world is turning more protectionist and it is going to have long-term impact on the global recovery, he emphasised.

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Stock Market Daily Updates: 23 July 2021

Traders will be concerned as former World Bank chief economist Kaushik Basu said India's wholesale price-based inflation is at a 30-year high, leading to a very alarming situation for the country.

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India's Inflation Situation 'Very Alarming'; Needs Better Curation Of Policy Between RBI, Finmin: Kaushik Basu

The wholesale price-based inflation eased marginally to 12.07 per cent in June as crude oil and food items witnessed some softening in prices, while retail inflation slipped a tad to 6.26 per cent in June although it remained above the comfort level of the Reserve Bank for the second consecutive month in a row.

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Over $157 Billion Deployed In Last 15 Months To Fight Covid Pandemic: World Bank

This represents an increase of more than 60 per cent over the 15-month period prior to the pandemic, the bank said on Monday.

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