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Latest Articles in world bank

World Bank Has No New Financing Plans For Crisis-Hit Sri Lanka

The World Bank does not plan to offer new financing to Sri Lanka, which is battling its worst economic crisis in decades, until the Indian Ocean nation has an adequate macroeconomic policy framework in place, the lender said on Thursday

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India Receives $1.75 Bn Loan From World Bank For Health & Private Investment

The funds will be used to improve public healthcare infrastructure across the country. In addition to the national-level interventions, one of the loans will prioritize seven states namely Andhra Pradesh, Kerala, Meghalaya, Odisha, Punjab, Tamil Nadu, and Uttar Pradesh, the multi-lateral funding agency said

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Coal Ministry Seeks Help From World Bank To Re-purpose Abandoned Mines

Indian officials are rushing to make more coal available for utilities as shortages in the July-September quarter are forecast to be wider than initially estimated due to expectations of high power demand

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World Bank Approves Rs 4,400 Cr Funding For Three Projects In India

Under the USD 150 million loan to support the recovery of India's fisheries sector, World Bank said it currently employs about 12 million people directly and another 13 million through associated activities

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World Bank Slashes Global Growth Forecast To 2.9%, Warns Of ‘Stagflation’ Risk

Growth was expected to decelerate sharply in Latin America and the Caribbean, reaching just 2.5 per cent this year and slowing further to 1.9 per cent in 2023, the bank said

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World Bank Cuts India's Economic Growth Forecast To 7.5% For FY23

A rise in prices across all items from fuel to vegetables and cooking oil pushed WPI or wholesale price-based inflation to a record high of 15.08 per cent in April and retail inflation to a near eight-year high of 7.79 per cent

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World Bank To Provide Financial Assistance To Lanka For Fertiliser Supplies

Sri Lanka's annual fertiliser imports cost USD 400 million. Farmers across the country have protested against fertiliser shortages, saying they are being forced to abandon their farmlands

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World Bank To Disburse $700 Mn To Lanka, Re-purpose Existing Loans: Report

Sri Lanka is nearing bankruptcy and has severe shortages of essentials from food, fuel, medicines and cooking gas

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World Bank Rules Out New Loan Commitments To Sri Lanka

Sri Lanka has suspended repayment of about USD 7 billion in foreign loans due this year out of USD 25 billion to be repaid by 2026. The country's total foreign debt is USD 51 billion

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Sri Lanka Gets $160 Mn From World Bank

The economic crisis also triggered a political crisis in Sri Lanka and a demand for the resignation of the powerful Rajapaksas

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FM Meets World Bank President, Discusses, Covid-19, Russia-Ukraine War, Economy

She mentioned that India remains concerned about the risks to global recovery due to rising uncertainty amidst enhanced geopolitical tensions

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World Bank Welcomes India's Move Of Selling Oil From Its Stockpiles

The World Bank president said there will be a strong effort to have less dependency on Russia for energy supplies and on China for the supply chain

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World Bank To Cut 2022 Global Growth Forecast Over Russia-Ukraine War

World Bank is cutting its global growth forecast for 2022 by nearly a full percentage point to 3.2 per cent due to Russia-Ukraine war

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World Bank Slashes India's GDP Forecast To 8% From 8.7% In FY23

The international lender lowered its growth estimate for India, the region's largest economy, to 8 per cent from 8.7 per cent for the current fiscal year to March, 2023 and cut by a full percentage point the growth outlook for South Asia, excluding Afghanistan, to 6.6 per cent

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Govt In Discussion With World Bank For Collaboration On Coal Mine Closure Framework

Vast experience of the World Bank in handling mine closure cases in different countries will be highly beneficial and facilitate the adoption of the best practices and standards in handling mine closure cases

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