News Muncher - category world bank

3 days, 5 hours ago

World Bank approves USD 800 mn loan for Amaravati construction

Amaravati: The World Bank's Board of Executive Directors has approved USD 800 million Amaravati Integrated Urban Development Program for building Andhra Pradesh's greenfield capital city Amaravati, the international development said on Friday. "The World Bank's Board of Executive Directors yesterday approved the USD 800 million Amaravati Integrated Urban Development Program aimed at establishing the city as a well-managed, climate-resilient growth …

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3 days, 15 hours ago

Andhra capital Amaravati gets World Bank approval for USD 800 million loan

India Today

The World Bank has given the green light to fund the development of Amaravati, Andhra Pradesh’s new capital city. The USD 800 million loan, approved on Thursday in Washington, will help establish Amaravati as a major economic centre in the state. “The World Bank’s Board of Executive Directors yesterday approved the USD 800 million Amaravati Integrated Urban Development Program aimed …

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5 days, 15 hours ago

Revanth Reddy mortgaging Telangana's future for loans: K Kavitha on Musi project

India Today

Bharat Rashtra Samithi MLC K Kavitha accused the Revanth Reddy-led Congress government in Telangana of providing false and contradictory statements about the Musi Riverfront Development Project. Kavitha highlighted discrepancies in the government’s claims, pointing out a timeline of events: on September 19, the government submitted a proposal to the World Bank, referencing a Detailed Project Report, on October 4, it …

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6 days, 11 hours ago

The World Bank is struggling to serve all 78 poor countries

Live Mint

Impoverished countries do not have much in common. It is the World Bank’s job to lend to all 78 of the world’s poorest countries—defined both by their income per person and the sustainability of their debt burden—through a single fund, the International Development Association, which disburses assistance on generous terms. View Full Image World Bank officials hope that economic growth …

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1 week ago

Bangladesh banks robbed of $21 bn by a few families; years to revival: Bangladesh Bank Governor Ahsan H. Mansur

India Today

In early August, when eminent economist Ahsan H. Mansur took charge as the governor of Bangladesh Bank, the country’s central bank, the entire banking system was thought to be tottering. Within one and a half months, we will receive money from the World Bank and the Asian Development Bank, and after that the reserves will be able to add $1.2 …

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1 week, 2 days ago

Raj Kapoor & Dilip Kumar's Ancestral Homes To Undergo Restoration: Pakistan Authories Announce Funding From World Bank

ABP News

Pakistani authorities on Friday said the World Bank will provide funding for the conservation of the ancestral houses of Bollywood legends Dilip Kumar and Raj Kapoor, located in the heart of this city and designated as national heritage sites. "The funding will come from the World Bank’s 'Khyber Pakhtunkhwa Integrated Tourism Development Project'," he said. Raj Kapoor’s haveli is situated …

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World Bank to fund conservation of ancestral homes of Bollywood icons Dilip Kumar, Raj Kapoor: Pak authorities

Hindustan Times

Peshawar, Pakistani authorities on Friday said the World Bank will provide funding for the conservation of the ancestral houses of Bollywood legends Dilip Kumar and Raj Kapoor, located in the heart of this city and designated as national heritage sites. World Bank to fund conservation of ancestral homes of Bollywood icons Dilip Kumar, Raj Kapoor: Pak authorities "The physical work …

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2 weeks, 3 days ago

World Bank announces record $100bn support for world’s poorest countries

Al Jazeera

International development organisation says sum will be deployed to support 78 countries that ‘need it most’. Donor countries committed $23.7bn to replenish the bank’s concessional lending arm, known as the International Development Association, a World Bank spokesperson told the AFP news agency, marking a slight increase from the roughly $23.5bn pledged during the last fundraising round three years ago. “We …

Support World Bank World Bank Countries Ida Record 100Bn

3 weeks, 2 days ago

World Bank to give Haryana ₹2,498 crore for clean air project

Hindustan Times

The World Bank has committed to providing ₹2,498 crore loan to support Haryana clean air project, Haryana government said on Friday after chief minister Nayab Singh Saini held a meeting with the WB representatives here. Claiming that Haryana will become a pollution free State by 2030, the state government said that the “Haryana Clean Air Project” initiative is aimed at …

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3 weeks, 2 days ago

Punjab CM seeks financial support from World Bank to drive growth, improve public services

Hindustan Times

Punjab chief minister Bhagwant Mann on Friday solicited support from the World Bank to drive growth, improve public services and enhance the overall quality of life for its citizens. During a meeting with World Bank country director for India Auguste Tano Kouamé, Mann presented a strong case for financial assistance to the state in agriculture, crop diversification for groundwater conservation …

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3 weeks, 3 days ago

Punjab seeks World Bank support for financial assistance to state in key areas

India TV News

Punjab Chief Minister Bhagwant Mann on Friday appealed for extensive support from the World Bank to address the state's pressing challenges and propel its development agenda. During a meeting with World Bank Country Director for India, Auguste Tano Kouamé, Mann presented a comprehensive report for financial assistance, emphasizing Punjab's commitment to reforms and sustainable growth. Image Source : INDIA TVPunjab …

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3 weeks, 4 days ago

From Alphabet to Adobe and Chanel: 20 top global CEOs of Indian origin; check full list here

Live Mint

Chief Executive Officers of Alphabet, Microsoft, YouTube, Adobe, and IBM are among 20 prominent company leaders with Indian roots. Alphabet: Alphabet Inc., the parent company of search engine giant Google and one of the largest corporates in the world, has an Indian Chief, Sundar Pichai, who became the CEO in 2015 and is still heading the technology firm. Mohan was …

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3 weeks, 5 days ago

World Bank, Tamil Nadu to sign coastal restoration agreement in January

New Indian Express

CHENNAI: The state government’s ambitious Tamil Nadu Coastal Restoration Mission is set to get rolling in two months, as a formal contract will be signed with the World Bank in January. Sources told TNIE that Chief Minister MK Stalin is likely to chair the Tamil Nadu Governing Council on climate change on December 5 during which the mission details will …

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1 month ago

World Bank urges coordinated action on skills and employment for India’s $5 trillion economy goal

Live Mint

New Delhi: India must make a coordinated effort to develop and rebrand vocational skills, besides aligning education and training with the job market, to leverage its demographic advantage to meet its $5-trillion economic target, according to the World Bank. “While globally true, in India, there is an overpowering narrative around skill education being for students who are weak and would …

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1 month ago

World Banks's 'Jobs at Your Doorstep’ report launched in Delhi

Hindustan Times

Union Minister for Education, Dharmendra Pradhan, along with Minister of Labour and Employment and Youth Affairs and Sports Dr Mansukh Mandaviya launched a report titled Jobs at Your Doorstep: A Jobs Diagnostics for Young People in Six States, in New Delhi on November 22, 2024. Union Minister Dharmendra Pradhan complimented the World Bank team for the detailed report on six …

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Development banks can help resolve global crises

China Daily

JIN DING/CHINA DAILY After the survival crisis at the end of the 20th century, the revival and expansion of the multilateral development bank system, led by the World Bank, has become one of the most prominent transformations in the global development financing system since the 2008 global financial crisis. Following the adoption of the United Nations 2030 Agenda for Sustainable …

Global Development Reforms Reform Resources Developing Countries World Bank

1 month ago

Why TIME put Ajay Banga on its cover this month

India Today

World Bank President Ajay Banga featured on Time magazine's list of the 100 most influential leaders driving business to real climate action. Also featured on the list are founder of Travalyst Prince Harry, Duke of Sussex, actor Rosario Dawson, founder of TerraPower Bill Gates, United States Secretary of Energy Jennifer Granholm, film producer Adam McKay, CEO and president of Lego …

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Development banks can help resolve global crises

China Daily

JIN DING/CHINA DAILY After the survival crisis at the end of the 20th century, the revival and expansion of the multilateral development bank system, led by the World Bank, has become one of the most prominent transformations in the global development financing system since the 2008 global financial crisis. Following the adoption of the United Nations 2030 Agenda for Sustainable …

Global Development Reforms Reform Resources Developing Countries World Bank

1 month ago

World Bank team praises ‘transformative’ educational efforts in AP schools

Deccan Chronicle

VIJAYAWADA: A World Bank delegation led by Samagra Shiksha state project director B. Srinivas Rao, visited the Sri Anne Seetharamaiah Zilla Parishad High School in Atkuru village in Unguturu mandal and the Model Foundation School in Davajigudem, Krishna district, on Tuesday. “World Bank representatives praised the efforts of the education department in enhancing educational quality,” an official release here said. …

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1 month ago

Biden pledges $4 billion to World Bank’s poorest nations fund at G20 summit

Firstpost

The World Bank’s IDA fund, which provides mainly grants and very low-interest loans to the poorest countries, is replenished every three years, and a pledging conference is scheduled for Dec. 6. US President Joe Biden has made a ‘historic’ pledge of $4 billion to the World Bank’s International Development Association fund for the world’s poorest countries. ’Historic’ pledge Earlier in …

World World Bank Biden Fund Pledge 20 Summit

1 month, 1 week ago

World Bank estimates $8.5 billion in damage to Lebanon from Israel-Hezbollah conflict

Firstpost

The World Bank said on Thursday the ongoing conflict between Israel and Hezbollah has caused $8.5 billion in damage and losses to Lebanon, with final figures expected to be significantly higher as the conflict continues People ride a scooter past damaged buildings, in the aftermath of Israeli strikes on Beirut's southern suburbs, during a Hezbollah media tour, amid the ongoing …

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1 month, 1 week ago

World Bank boosts lending capacity by 50%, India set to gain most from $150 billion global push, says India head Kouame

Live Mint

NEW DELHI : The World Bank, sharpening its focus on expanding support for developing economies, has raised its lending capacity by 50%, positioning itself to offer a record $150 billion over the next decade to various countries, with a strong emphasis on green projects. "India is the biggest client and will have a bigger share of funding available from the …

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1 month, 1 week ago

Telangana govt seeks Centre’s nod to tap World Bank for Musi loan

New Indian Express

HYDERABAD: The state government has intensified efforts to mobilise funds for the Musi Riverfront Development Project. Recently, the state government sent proposals to the Department of Economic Affairs under the Ministry of Finance for its approval to tap the World Bank for a loan for the project. Apart from this, the state government would spend Rs 1,763 crore while the …

World Bank State Musi Development Project Ppr

1 month, 1 week ago

IMF, World Bank leaders pledge to work with Trump, support developing nations on climate change

Firstpost

The election of Trump, who is expected to pull the United States back from global efforts to fight climate change, has raised questions about the ability of the IMF and the World Bank – where the US is the largest shareholder – to ramp up funding for countries around climate-related issues. Image- Reuters The heads of the World Bank and …

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Articles for World Bank

World Bank approves USD 800 mn loan for Amaravati construction

Andhra capital Amaravati gets World Bank approval for USD 800 million loan

Revanth Reddy mortgaging Telangana's future for loans: K Kavitha on Musi project

The World Bank is struggling to serve all 78 poor countries

Bangladesh banks robbed of $21 bn by a few families; years to revival: Bangladesh Bank Governor Ahsan H. Mansur

Raj Kapoor & Dilip Kumar's Ancestral Homes To Undergo Restoration: Pakistan Authories Announce Funding From World Bank

World Bank to fund conservation of ancestral homes of Bollywood icons Dilip Kumar, Raj Kapoor: Pak authorities

World Bank announces record $100bn support for world’s poorest countries

World Bank to give Haryana ₹2,498 crore for clean air project

Punjab CM seeks financial support from World Bank to drive growth, improve public services

Punjab seeks World Bank support for financial assistance to state in key areas

From Alphabet to Adobe and Chanel: 20 top global CEOs of Indian origin; check full list here

World Bank, Tamil Nadu to sign coastal restoration agreement in January

World Bank urges coordinated action on skills and employment for India’s $5 trillion economy goal

World Banks's 'Jobs at Your Doorstep’ report launched in Delhi

Development banks can help resolve global crises

Why TIME put Ajay Banga on its cover this month

Development banks can help resolve global crises

World Bank team praises ‘transformative’ educational efforts in AP schools

Biden pledges $4 billion to World Bank’s poorest nations fund at G20 summit

World Bank estimates $8.5 billion in damage to Lebanon from Israel-Hezbollah conflict

World Bank boosts lending capacity by 50%, India set to gain most from $150 billion global push, says India head Kouame

Telangana govt seeks Centre’s nod to tap World Bank for Musi loan

IMF, World Bank leaders pledge to work with Trump, support developing nations on climate change