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World Bank Group to discontinue publishing ‘Doing Business’ report

The World Bank Group has decided to stop publishing its “Doing Business report on country investment climates” because of allegations of irregularities. This decision was taken in the backdrop of the probe of data irregularities allegedly because of the pressure by top bank officials, for boosting China’s ranking in 2017, came to light. “After reviewing […]

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World Bank pledged $20 billion for Covid-19 vaccines for period ending 2022

The World Bank has pledged to boost available funding for COVID-19 vaccine purchases and deployment to $20 billion from a previous target of $12 billion, citing a sharp increase in overall financing demand from developing countries. Daily Current Affairs Quiz 2021 The global development bank had already provided more than $4 billion to 51 developing

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World Bank approved USD 125 Million support program for Kerala

The World Bank approved USD 125 million assistance for Rebuild Kerala Initiative (RKI) in meeting of directors of the Bank held in Washington. Daily Current Affairs Quiz 2021 The loan will be under the Programme-for-Results financing scheme, which means the amount will be sanctioned for specific development projects approved by independent evaluators. First, it will

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World Bank approved $500 mn program to help boost India’s MSME sector

The World Bank recently approved a USD 500 million program to support India’s nationwide initiative to revitalise the MSME sector, which has been heavily impacted by the COVID-19 crisis. Daily Current Affairs Quiz 2021 The USD 500 million Raising and Accelerating Micro, Small and Medium Enterprise (MSME) Performance (RAMP) Program is the World Bank’s second

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Ranjitsinh Disale appointed as an education adviser by World Bank

A Maharashtra village teacher, Ranjitsinh Disale, who won the Global Teacher Prize 2020, has now been appointed as an education adviser with the World Bank. Daily Current Affairs Quiz 2021 As one of his first projects with the international organisation, Disale is devising a strategy to make schools across the world safer for kids. The

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World Bank provides loan to enhance support for rejuvenating the Ganga

The World Bank and the Government of India has signed a loan agreement to enhance support for the Namami Gange programme that seeks to rejuvenate the Ganga river. The Second National Ganga River Basin Project will help stem pollution in the iconic river and strengthen the management of the river basin which is home to

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15th Finance Commission holds meeting with the World Bank

The 15th Finance commission has held a detailed meeting with representatives of the World Bank, Niti Aayog and member of the Commission’s High level group (HLG) on the health sector for a better understanding of the contours of India’s Health Sector and in view of the Union Government’s need and intention for reprioritization of its

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Govt of India and World Bank signed USD 210 million loan agreement

The Government of India, the Government of Maharashtra and the World Bank signed a loan agreement of USD 210 million to support small holder farmers participate in competitive agriculture value chains, facilitate agri-business investments, increase market access and productivity in focus commodities, and build resilience of crops to recurrent floods or droughts in the Indian

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World Bank cuts India’s FY20 growth estimates to 5%

World Bank cut its India’s growth forecasr for financial year 2020 to 5% from the estimated growth of 6% earlier. The multilateral development lender also expects India’s growth to pick up slightly to 5.8 per cent in the next fiscal. World Bank’s Global Economic Prospects report stated weakness in credit from non-banking financial companies (NBFCs)

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World Bank drops $300 million in funding for Amaravati Capital City project

World Bank drops $300 million in funding for Amaravati Capital City project of Amaravati suffered a setback on 18 July as the for the purpose. The World Bank’s website shows the status of the project as ‘dropped’. On a loan sought by the former CM, the bank was considering lending $300 million for infrastructure development

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