Nai Manzil Scheme: Nai Manzil Scheme, a Central Sector Scheme (CSS), was launched on 8 August 2015 with 50% funding from the World Bank. Daily Current Affairs Quiz: July 2023 An Overview of the News It primarily targets minority youth who do not have a formal school-leaving certificate, such as school dropouts or those educated in […]
The government of Bangladesh has signed an agreement with the World Bank for USD 300 million financing. Aim: To strengthen its local urban institutions to respond and recover from the Covid 19 pandemic and improve preparedness for future shock. It will also help cities and towns of Bangladesh to build back better as they recover from the pandemic and
World Bank provide USD 300 million to Bangladesh for urban area resilience Read More »
Indian national, Indermit Gill has been appointed as a new Chief Economist and Senior Vice President for Development Economics of World Bank, will be effective September 1, 2022. He will succeed American economist, Carmen Reinhart. He is currently serving as the Vice President for Equitable Growth, Finance, and Institutions. He will be the second Indian to serve as chief economist after Kaushik Basu who
World Bank appoints Indian national Indermit Gill as chief economist Read More »
The Chhattisgarh Government has received in- principle nod from the Centre for $300 million school education project which is funded by the World Bank. Loan tenure: 5 years, the state government has to payback this amount over a period of 20 years. Aim: To boost the education system of Chhattisgarh. In-principle nod: The central government has no objection with the State borrowing money
Chhattisgarh receives Centre’s nod for World Bank funded school project Read More »
The World Bank has approved two complementary loans of $500 million each to enhance and support India’s health sector. This $1 Billion financing will support India’s flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM). This scheme was launched in October 2021. Aim of scheme: To improve the public healthcare infrastructure across the country. Loan prioritize statesAndhra Pradesh, Kerala,
World Bank approves $1 Billion to support India’s Health Sector Read More »
The World Bank has approved USD 350 million as financial aid for the Systems Reform Endeavors for Transformed Health Achievement in Gujarat -SRESTHA-G project. The project will include transforming key health delivery systems in the state. Focus area: Improve the quality, equity, and comprehensiveness of primary healthcare, services for adolescent girls and the capacity of disease surveillance systems. Gujarat Governor: Acharya Devvrat; CM:
World bank sanctions USD 350 billion to Gujarat’ SRESTHA-G project Read More »
The World Bank has approved a USD 47 million financial support to the Government of India for the Mission Karmayogi, a national program to build civil service capacity. The loan of $47 million provided from the International Bank for Reconstruction and Development (IBRD) has a final maturity of 11 years, including a grace period of 4.5 years. Mission Karmayogi was launched by
World Bank approves $47 Million for India’s Mission Karmayogi program Read More »
The World Bank will provide financial assistance to Sri Lanka of USD 600 dollars to meet the payment requirements for essential imports. Sri Lanka has also talked with the International Monetary Fund (IMF) for financial assistance, but the country needs 3 to 4 billion dollars in bridge financing to help meet its essential expenses. India has helped Sri Lanka by
World Bank provides USD 600 million in financial assistance to Sri Lanka Read More »
The Washington-based institution has lowered its estimate for global growth in 2022 to 3.2% from a January prediction of 4.1%, President David Malpass told reporters on a call on Monday. The decline was spurred by a cut in the outlook for Europe and central Asia, which include Russia and Ukraine, he said. The global forecast
World Bank cuts global economy growth forecast to 3.2% for 2022 Read More »
Extreme poverty has gone down by 12.3 percentage points between 2011-2019, a rate significantly lower than that of the 2004-2011 period. Poverty headcount rate dropped from 22.5 per cent in 2011 to 10.2 per cent in 2019 with more pronounced deductions in rural areas compared to urban areas, according to a recent World Bank working
World Bank Report States Extreme Poverty in India Decline by 12.3% between 2011-2019 Read More »
