World Bank

  • Pakistan is South Asia’s Weakest Economy, World Bank report

    World Bank forecast Pakistan’s economic growth to slow further to two percent during the current year. This will mark a drop of two percentage points from its June 2022 estimates, according to the World Bank’s Global Economic Prospects report. The...

    Published On January 19th, 2023
  • World Bank Predicts India’s Economic Growth to Slow to 6.9% in FY23

    India's growth is expected to slow to 6.9 per cent in Financial Year 2023, a 0.6 percentage point decrease since June, as the global economy and rising uncertainty weigh on export and investment growth, according to the World Bank. However,...

    Published On January 12th, 2023
  • World Bank hints that Global Economy on a steep Slowdown

    Global Economy on a steep Slowdown: According to the most recent World Bank study, the global economy is experiencing a sharp decline after almost a year of uncertainty in 2022. The World Bank report noted that the COVID-19 pandemic's repercussions...

    Published On December 21st, 2022
  • World Bank’s Flagship Gender Toolkit Launched

    A Gender Toolkit based on “Enabling gender-responsive urban mobility and public spaces” was launched in a session conducted by the World Bank and the Chennai Urban Metropolitan Transport Authority. Buy Prime Test Series for all Banking, SSC, Insurance & other...

    Published On December 10th, 2022
  • World Bank upgrades India’s GDP growth forecast for 2022-23 to 6.9 percent

    According to the World Bank, Indian economy is set to grow at 6.9 per cent in 2022-23, raising its forecast of 6.5 per cent growth made in October. In October, it had cut India's GDP growth forecast to 6.5 per...

    Published On December 6th, 2022
  • India The First Country in The World to Receive $100 billion in Remittances

    India will be the first country in the world to receive $100 billion from remittances during 2022, the World Bank has said. Though remittances to the rest of the South Asian countries declined by 10%, it rose by 12% in...

    Published On December 6th, 2022
  • Dr Bimal Jalan authored a book titled “From dependence to Self­Reliance”

    Economist Dr Bimal Jalan authored the book “From dependence to Self­Reliance: Mapping India’s Rise as a Global Superpower”, a stocktaking of India’s growth trajectory, benefits from Bimal Jalan’s deep insights. The book is written lucidly, with the general reader in...

    Published On October 26th, 2022
  • World Bank Extends Loan of $250 million for SALT Project in Andhra Pradesh

    The World Bank has extended an unconditional loan of $250 million to the Supporting Andhra's Learning Transformation (SALT) project in appreciation of the path-breaking reforms implemented by the state government. The reforms initiated under the SALT project have brought about...

    Published On October 13th, 2022
  • Financing Platform Launched by IFC in response to Global Food Crisis

    Financing Platform Launched by IFC: The International Finance Corporation (IFC), the private sector investment arm of the World Bank, has introduced a new, $6 billion funding facility to boost the private sector's capacity to respond to the Global Food crisis...

    Published On October 10th, 2022
  • World Bank Applauds India’s Effective Response to the COVID-19 Crisis Strategies

    World Bank Applauds India's Effective Response to the COVID-19: The World Bank acknowledged the Indian government's decision to have centralised procurement, support for long-term market development and production of Emergency Medical Equipment (EME). Early export restrictions worked in its favour...

    Published On September 3rd, 2022