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Latest Articles in world bank

World Bank Reappoints President Jim Yong Kim

In a statement announcing the decision, the Bank's board offered a strong endorsement of Kim's record

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Making The World Prosperous Again

The so-called 'organized and established world' increasingly appears to have little or nothing to offer in order to create grass roots prosperity

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US Nominates Jim Yong Kim As World Bank President For Second Term

The US on Thursday nominated Jim Yong Kim to be the World Bank President for a second term, saying he has 'ably led' the global development lender's response to major crises and helped it focus on innovative ways to challenge issues like poverty and climate change

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World Bank Chief Economist Kaushik Basu Hails GST, Says Any Price Rise To Be Short-term

Hailing the passage of the GST Bill, World Bank Chief Economist Kaushik Basu on Friday (05 August) said any immediate 'price jerk or inflation' would be a one-time affair, but the tax reform's long-term growth benefit will be immense.

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India Under PM Narendra Modi Has Been Fantastic: World Bank President Kim

Says India is not just the fastest growing major economy in the world but has also proved extremely resilient in face of UK exiting European Union

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India A Bright Spot, Pleased With Progress Under Modi, Says World Bank Chief Kim

The World Bank has appreciated developmental efforts under Prime Minister Narendra Modi, saying the country has emerged as a 'bright spot', as it has pitched for bettering its ranking in the ease of doing business index

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World Bank Commits $1 Billion For India's Solar Energy Programme

The World Bank loan is the global lender's biggest solar aid for any country and comes as India has set a goal of raising its solar capacity nearly 30 times to 100 gigawatts by 2020

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Activate Stalled Engines To Sustain 7.6% Growth: World Bank To India

India needs to activate 'stalled engines', including private investment and rural demand, to sustain 7.6 per cent growth rate in the coming years, World Bank said on Monday

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India Records 10-Year Low In Public-Private Investments: World Bank

'India recorded a 10-year low in investments, as only six road projects usually a rich source of PPI over the past 10 years reached financial closure'

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Catastrophes Linked To Climate Change May Cause $158 Trillion Damage By 2050

According to a World Bank report, 1.3 billion people are expected to suffer the effects of climate changes in the next three decades

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Digital India Still Elusive, World Bank Report Shows

It is an amazing transformation that today 40 percent of the world's population is connected by the internet. While these achievements are to be celebrated, this is also occasion to be mindful that we do not create a new underclass. With nearly 20 percent of the world's population unable to read and write, the spread of digital technologies alone is unlikely to spell the end of the global knowledge divide - Kaushik Basu, World Bank Chief Economist

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Economies Could Shrink By Mid-century Due To Scarce Water

Global warming can cause extreme floods and droughts and can mean snowfall is replaced by rain, with higher evaporation rates, say experts

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G20 Worried By 'Modest' Global Growth, Commodities Weakness

The G20 gathering, the highlight of the International Monetary Fund and World Bank spring meetings in Washington, came amid growing pressure on richer nations to boost infrastructure spending, deregulate industries and spur employment

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India Receives $1 Billion Less In 2015 Remittances

Other large remittance recipients last year were China, Philippines, Mexico and Nigeria; global remittances drop 1.7 per cent

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India’s Robust Growth To Hasten South Asia’s Development: World Bank

Given its weight in the region, India sets the pace for South Asia as a whole, the World Bank said in its latest twice-a-year South Asia Economic Focus report.

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