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 ...

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 ...

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 ...

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 ...

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 ...

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 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 ...

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 ...

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, ...

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, ...