World Bank officials — under fire for losing track of $24 billion in climate funds — are panicking over the prospect of severe budget cuts as President-elect Donald Trump pledges to slash US government spending, The Post has learned. According to sources, top brass at the Washington-based lender — which has faced accusations that it’s … Read more
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. Ignited by the Gaza war, the conflict had been rumbling on for nearly a year before Israel went on … Read more
World Bank President Ajay Banga. File | Photo Credit: Reuters India’s growth rate is among the shiniest parts of the world economy, World Bank president Ajay Banga said on Thursday (October 17, 2024), noting that a lot of this is driven by the domestic market. “There is no doubt that India’s growth rate is among … Read more
World Bank had in June projected India to grow at 6.6% for FY24. File | Photo Credit: Reuters The World Bank on Tuesday (September 3, 2024) raised the growth forecast for the Indian economy to 7% for the current fiscal year on the back of recovery in agri sector and rural demand. World Bank had … Read more
SINGAPORE: President Tharman Shanmugaratnam will co-chair a new World Bank advisory council focused on tackling the looming jobs crisis in the Global South, the Istana said on Monday (Aug 12). The council, which was launched on Monday, will provide the World Bank Group with advice and recommendations on policies and programmes to address the issue. It … Read more
Last Updated: August 03, 2024, 23:21 IST At the end of 2023, 108 countries were classified as middle-income, each with annual GDP per capita in the range of USD 1,136 to USD 13,845. The World Bank Report said it will take China more than 10 years to reach one-quarter of US income per capita and … Read more
Head of the UN office for disaster risk reduction Mami Mizutori tells Pradeep Thakur Covax is making progress towards having 2 billion doses available by the end of 2021, which should be enough to protect high-risk and vulnerable people. Excerpts from the interview:The World Bank estimates 150 million people will be pushed into extreme poverty … Read more
Washington: India received USD 120 billion in remittances in 2023, which is almost twice of USD 66 billion received by Mexico during the same period, the World Bank said in a report released on Wednesday. China (USD 50 billion), the Philippines (USD 39 billion), and Pakistan (USD 27 billion) figure in top five countries list … Read more
“The Chinese market for [finished] products has already been almost totally liberalised,” Lin said. “The [next] reforms will hit many markets of factors of production. And also, new quality productive forces will also be a highlight in this new plenum.” Factors of production are the resources needed to create goods and services, and are usually … Read more
Chandigarh: Haryana Chief Secretary T V S N Prasad on Monday said the state government will soon roll out a Rs 10,000-crore project funded by the World Bank to address air pollution. The Haryana Clean Air Project for Sustainable Development will be implemented in the state in a phased manner with the first phase being … Read more
