World Bank Loan

The World Bank has approved a USD 188.28-million loan to stimulate economic growth in the Indian state of Maharashtra, especially in the lagging districts, a media release said. The USD188.28 million Maharashtra Strengthening Institutional Capabilities in districts for enabling growth operation will support district planning and growth strategies, the bank said in a statement. Investments under the operation will equip districts with the necessary data, funds, and expertise to maximize the value of public money employed for driving growth and job creation. It will also enhance private sector participation by improving e-government services for businesses in districts, especially in the tourism sector, it said. By providing well-articulated investments in institutional capability and coordination at the district level, the program will enhance evidence-based planning and policymaking, efficient public sector interface with the private sector, and improved service delivery to the pub

The World Bank on Tuesday said that it could mobilise an additional USD 2 billion in financing to Bangladesh in this fiscal year to support critical reforms, flood response, better air quality and health. World Bank Country Director Abdoulaye Seck pledged the new assistance when he called on interim government's Chief Adviser Muhammad Yunus at the State Guest House Jamuna in Dhaka on Tuesday. Seck said that the World Bank "is committed to increasing lending to Bangladesh in this fiscal year to help the reform agenda of the Interim Government," the chief adviser posted on X. "Seck informed that the World Bank can mobilise about $2 billion new financing in this fiscal year to support critical reforms, flood response, better air quality and health," Yunus said in another post on X. Seck's remarks came days after the US Agency for International Development (USAID)-Bangladesh on Sunday said it would provide USD 202.25 million in aid to Bangladesh to advance development, empower youth, .

World Bank in its flagship report 'Pakistan Development Update' warned Pakistan regarding serious dangers to its economic and debt viability

Malpass said the bank's International Bank for Reconstruction and Development (IBRD) arm may lower its equity-to-lending ratio by one percentage point to 19%

The World Bank has approved loans totalling USD 1.75 billion (about Rs 13,834.54 crore) to fund India's PM Ayushman Bharat scheme and private investment to boost the economic growth. Of the total loan, USD 1 billion will go towards the health sector, while the rest USD 750 million will be in the form of development policy loan (DPL) to fill the financing gaps through private sector investment in the economy. The World Bank Board of Executive Directors approved two complementary loans of USD 500 million each to support and enhance India's health sector. Through this combined financing of USD 1 billion, the World Bank will support India's flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM), launched in October 2021, the World Bank said in a release on Friday. The funds will be used to improve public healthcare infrastructure across the country. In addition to the national-level interventions, one of the loans will prioritize seven states namely Andhra .

The funds will be used for an education project in Gujarat, a social protection programme in Tamil Nadu and a project to help recovery in the fisheries sector post the pandemic

The World Bank has ruled out bridge financing or new loan commitments to crisis-hit Sri Lanka until the island nation's economy sets up an adequate macroeconomic policy framework

World Bank approved $800 million in financing for two programmes in Pakistan--the Pakistan Program for Affordable and Clean Energy and the Second Securing Human Investments to Foster Transformation

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The World Bank on Sunday said its Board of Executive Directors had approved $500 mn (about Rs 3,700 crore) loan to improve quality and governance of school education in six Indian states

'Covid, shutdown may push as many as 60 mn people into extreme poverty'

This takes the total commitment from the World Bank towards emergency Covid-19 response in India to $2 billion.

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The project is aimed at constructing a 48km four-lane, dual carriageway, high-speed and access-controlled motorway from Peshawar to Torkham border point with Afghanistan

"Why is the World Bank loaning money to China? Can this be possible? China has plenty of money, and if they don't, they create it. STOP!" Trump wrote on Twitter Friday

The loan will be largely used to improve civic infrastructure, public transport in Karachi. It will also be used to improve tourism in Khyber-Pakhtunkhwa region

The project, part of the central government's 'Power for All' programme launched in 2014, will help bring in modern technology solutions

Gireesh BabuThe International Bank for Reconstruction and Development (IBRD), part of World Bank, will provide a $318 million loan for the Tamil Nadu Irrigated Agriculture Modernisation Project to promote climate resilient agriculture technologies, improve water mangement practices and increase market opportunities for small and marginal farmers. About 500,000 farmers, of which a majority are small and marginal, are expected to benefit from improved and modernized tank irrigation systems.The Government of India, the Government of Tamil Nadu and the World Bank today signed a loan agreement in this regard. The project will rehabilitate and modernise about 4,800 irrigation tanks and 477 check dams, spread across 66 sub-basins, in delivering bulk water to irrigation systems. The loan has a five year grace period and a maturity of 19 years.A water-stressed state, Tamil Nadu continue to experience water shortages which are expected to further worsen in the future. The works on irrigation ...

World Bank's financing arm IBRD (International Bank for Reconstruction and Development) will provide this $250 million loan