Updated : 8 months, 4 weeks ago IST
Washington D.C. [USA], June 5 (ANI): Growth rates in low-income countries are expected to rise to 6 per cent in 2020 from 5.4 per cent this year, but that is still not enough to substantially reduce poverty, according to the World Bank (WB).
New Delhi [India], June 5 (ANI): The World Bank retained its forecast of India's growth rate at 7.5 per cent for the current financial year.
Washington D.C. [USA], Jun 5 (ANI): In light of numerous factors pertaining to escalated trade tensions around the globe in recent months, the World Bank on Tuesday slashed its global growth forecast for 2019 to 2.6 per cent as opposed to 2.9 per cent announced in January this year.
Updated : 9 months, 2 weeks ago IST
Bhubaneshwar (Odisha) [India], May 15 (ANI): Chief Minister Naveen Patnaik on Wednesday put forth a proposal before United Nations officials to set up an International Centre for Disaster Mitigation and Recovery in Odisha.
Updated : 10 months ago IST
New York [USA], April 30 (ANI): Thanks to the Internet and its affordability, the world recorded more mobile phones than the people using it, according to the latest data from the United Nations' International Telecommunications Union (ITU), the World Bank, and the UN.
Updated : 10 months, 2 weeks ago IST
Washington DC [USA], Apr 14 (ANI): The International Finance Corporation (IFC), a member of the World Bank Group, says that appetite for impact investing is growing globally and could be as high as 26 trillion dollars.
Updated : 10 months, 3 weeks ago IST
Washington D.C. [USA], Apr 13 (ANI): Pakistan and the International Monetary Fund (IMF) will soon sign a package for bailing out the country's ailing economy, Finance Minister Asad Umar has said.
Washington D.C. [United States], Apr 13 (ANI): The biggest risk facing emerging market economies is growing evidence that global growth and trade is weakening, Reserve Bank of India (RBI) Governor Shaktikanta Das has said.
Washington DC [USA], Apr 12 (ANI): Expressing "deep concerns" over the humanitarian crisis in Venezuela, the World Bank on Thursday (local time) said that the top funding body is set to be "deeply involved" in the matters concerning the Latin American nation, but warned that the "situation i
Washington [US], Apr 11 (ANI): Pakistan Finance Minister Asad Umar on Wednesday (local time) held meetings with World Bank Group President David R Malpass and senior officials of the International Monetary Fund (IMF), in a bid to seek a three-year bailout package.
Washington [United States], Apr 9 (ANI): Remittances to low and middle-income countries reached a record high with Indian diaspora sending 79 billion dollars in 2018 followed by Chinese at 67 billion dollars.
Updated : 10 months, 4 weeks ago IST
Washington D.C. [USA], Apr 6 (ANI): Former Under Secretary of United States Treasury Department, David Malpass, was on Friday appointed as the 13th president of the World Bank Group.