Ajay Seth,Secretary, Department of Economic Affairs, Ministry of Finance, in New Delhi. File | Photo Credit: Kamal Narang During the annual Spring meetings of the IMF and the World Bank there was a widespread appreciation of the role played by India during its G-20 presidency in building consensus on a range of key global issues, … Read more
The World Bank Group announced Wednesday it is partnering with the African Development Bank Group (AfDB) in an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030. The bank, in a statement on Wednesday, said it will work to connect 250 million people to electricity through distributed renewable … Read more
Last Updated: April 02, 2024, 23:29 IST In absolute terms, the region created an average of 10 million jobs a year. (Representative image) During the period between 2000-23, employment grew 1.7% a year while the working-age population expanded 1.9% a year, data included in the report showed Job creation in South Asian economies is not … Read more
India is taking the “leadership” of the Global South but is also strengthening its ties with the Global North. (One could also speak of East and West). This fits into India’s policy of “re-balancing” its external relations. The North is seeing a growing shift of political and economic power towards the East. This shift is … Read more
A job fair in China’s southwestern city of Chongqing on April 11, 2023. Str | Afp | Getty Images The global economy is on course to record its worst half decade of growth in 30 years, according to the World Bank. Global growth is forecast to slow for the third year in a row in … Read more
The Jigawa State House of Assembly has slashed the allocations for the education sector in the state’s 2024 budget, while making generous provisions for the purchase of a new vehicle for the speaker, a new guest house in Abuja, renovation of members’ guest house in Kano State, and construction of imams’ residences. The lawmakers significantly … Read more
People buy vegetables at a market in Colombo, Sri Lanka, on Dec. 13, 2023. | Photo Credit: AP Citing “continued satisfactory progress” in Sri Lanka’s reform programme, the World Bank on Wednesday announced the release of the second tranche of $250 million to the cash-strapped country which will help stabilise the economy. The World Bank … Read more
