The World Bank (International Bank for Reconstruction and Development, (IBRD) has issued the Wildlife Conservation Bond (WCB) to support of South Africa’s efforts to conserve endangered species of Black Rhino. Wildlife Conservation Bond (WCB) is also known as “Rhino Bond”. It is a five-year $150 million Sustainable Development Bond. It includes a potential performance payment […]
Govt of India, Govt of West Bengal, and World Bank has signed $125 million IBRD loan to support efforts to help poor and vulnerable groups access social protection services in West Bengal. West Bengal runs more than 400 programs for social assistance, care services, and jobs under umbrella platform called Jai Bangla. West Bengal Building State Capability for
India and World Bank sign $125 Million Loan for Social Protection Services Read More »
The World Bank’s Executive Board of Directors approved a $125 million loan to the Government of West Bengal to support the state’s efforts to help poor and vulnerable groups access social protection services. The loan has been provided under the ‘West Bengal Building State Capability for Inclusive Social Protection’ operation, on 19 January, 2022. The
The World Bank has projected the Indian economy to grow at the following rate in its ‘Global Economic Prospects’ report released on January 11, 2022. FY 2021-2022 – 8.3% FY 2022-2023 – 8.7% FY 2023-2024 – 6.8% World Bank has lowered the Global economy growth rate as follows: 2021 – 5.5 percent 2022 – 4.1 percent 2023 – 3.2 percent
World Bank projects India’s GDP growth at 8.3% in FY22 & 8.7% in FY23 Read More »
The government of India, Andhra Pradesh, and the World Bank has signed the legal agreements for $250 million for a project to improve the quality of learning for over 50 lakh students in the state of Andhra Pradesh. Students from all grades and stages of school education will benefit from the project. Students from all
India signs MoU with World Bank to improve quality of learning Read More »
The Government of India, Government of Andhra Pradesh and the World Bank on 18th November 2021 signed the legal agreements for $250 million for a project which aims to improve quality of learning for over 50 lakh students in the state of Andhra Pradesh. Over 50 lakh students from all grades and stages of school education will
The WePOWER India Partnership Forum, held through a virtual platform on November 9, 2021, launched the efforts to scale up the South Asia Women in Power Sector Professional Network (WePOWER) in India. The event was organized by the World Bank and Asian Development Bank (ADB) in partnership with the India Smart Grid Forum (ISGF). The objective of the forum was to
Niti Aayog and the World Bank are working together to facilitate a program for faster and easier financing of electric vehicles (EV) after high-street banks seemed lukewarm due to a small resale market, higher default probabilities, and significant upfront costs. NITI Aayog and World Bank are setting up a $300-million ‘first loss risk sharing instrument’, with the State Bank of India (SBI) as its
Niti Aayog, World Bank ready electric vehicles financing push Read More »
The World Bank has estimated India’s real Gross Domestic Product (GDP) in the current fiscal year 2021-22 to grow by 8.3% in its latest economic update for South Asia. World Bank on June 8 projected India’s economy to grow at 8.3 percent in 2021. Earlier, the World Bank had estimated the Indian economy to grow at a
World Bank Projects Indian GDP to grow at 8.3% in FY22 Read More »
The World Bank Group has decided to discontinue publication of its Doing Business report on country investment climates following allegations of irregularities. The decision was taken after a probe of data irregularities allegedly due to pressure by some top bank officials to boost China’s ranking in 2017 came to light, and was taken by the
World Bank Group Discontinues Doing Business Report Read More »
