News:The World Bank has reduced India’s economic growth forecast in its South Asia Economic Focus report. Facts: Key takeaways from the report: The World Bank has projected India’s gross domestic product growth at 6% in the fiscal year 2020 compared with 7.5% forecast in April,2019. However,the bank also expects India’s growth to gradually recover to… Continue reading World Bank Cuts India’s Growth Forecast To 6%
Tag: world bank
Worsening water quality reducing economic growth by a third in some countries: World Bank
The World Bank has released a report on the relation between water pollution and economic growth. The report relied on the biggest-ever database assembled on global water quality using monitoring stations, satellite data and machine learning models. According to the report,poor water quality is affecting economic growth and worsening health conditions.It says that a lack… Continue reading Worsening water quality reducing economic growth by a third in some countries: World Bank
India’s Anshula Kant is World Bank MD and CFO
The World Bank has announced the appointment of Anshula Kant as Managing Director and Chief Financial Officer of the World Bank Group. She is currently the Managing Director of the State Bank of India(SBI). She will also be the first woman Chief Financial Officer of the World Bank. The World Bank was created at the… Continue reading India’s Anshula Kant is World Bank MD and CFO
First Resilient Kerala Program
The Government of India,the Government of Kerala and the World Bank has signed a Loan Agreement of $250 million for the First Resilient Kerala Program. The new programme is part of the Government of India’s support to Kerala’s ‘Rebuild Kerala Development Programme’ aimed at building a green and resilient Kerala. This partnership will identify key… Continue reading First Resilient Kerala Program
India’s Agreement with the World Bank to Eliminate TB
India has signed a Loan Agreement worth US$ 400 Million with the World Bank to help treat and Eliminate Tuberculosis from India.The program will cover nine states in the country. The World Bank supported program will support the government’s National Strategic Plan to end TB in India by 2025. It will do so by helping… Continue reading India’s Agreement with the World Bank to Eliminate TB
TN gets $287-m World Bank loan for healthcare reform
The central government,Tamil Nadu and the World Bank have signed a $287 million loan agreement for the state’s Health System Reform Programme. The program aims to (a)improve the quality of health care (b)reduce the burden of non-communicable diseases(NCDs) and (c)fill equity gaps in reproductive and child health services. The Tamil Nadu Health System Reform Program… Continue reading TN gets $287-m World Bank loan for healthcare reform
Global growth to slow in 2019, says World Bank
The World Bank has released its Global Economic Prospects report, 2019.The report has forecasted that the World economy will expand 2.6% in 2019 compared with a projection of 2.9% it made in January, 2019. The growth was downgraded due to (a)trade conflicts (b)financial strains (c)unexpectedly sharp slowdowns in wealthier countries and (d)build-up of government debt.… Continue reading Global growth to slow in 2019, says World Bank
$150 mn World Bank loan likely for Rebuild Kerala
The World Bank is likely to provide development policy loan(DPL) of $150 million for the Rebuild Kerala initiative. The DPL loan is to be equally provided by the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD). Since the DPL is not a project-specific aid, the World Bank authorities are likely… Continue reading $150 mn World Bank loan likely for Rebuild Kerala
U.S. Treasury official David Malpass named World Bank President
David Malpass has been unanimously elected as the new President of the World Bank.He will be the 13th President and will start his five year term from April 9,2019.He was nominated by the US president.David Malpass was a US government official and economic analyst.He has served as the Under Secretary of the Treasury for International… Continue reading U.S. Treasury official David Malpass named World Bank President
