World Bank Report

The IDR focuses specifically on external debt and classifies countries by income level

In June, the bank had projected Myanmar's economy would grow 1 per cent during the current fiscal year, which ends in March 2025, but warned of increasing poverty and escalating violence

Afghanistan's economy is showing modest signs of growth after two years of severe contraction, the World Bank said. In its latest development update issued late Wednesday, the financial institution said modest GDP growth of 2.7 per cent was driven by private consumption. The partial recovery, coupled with falling food prices, helped to gradually improve household welfare. Before the Taliban returned to power in August 2021, Afghanistan's economy relied heavily on foreign aid and corruption was rife. Their takeover three years ago sent the economy into a tailspin, as billions in international funds were frozen, and tens of thousands of highly skilled Afghans fled the country and took their money with them. Afghan's exports remained stable in 2023-24 but imports surged, creating a widening trade deficit, according to the World Bank. This deficit, exacerbated by dependence on imports for essential goods like fuel, food and machinery, could pose a risk to the country's economic ...

India's total external debt has increased by USD 31 billion to USD 646.79 billion in 2023, according to World Bank International Debt Report. The report further said that interest payment increased from USD 15.08 billion in 2022 to USD 22.54 billion in 2023. While the long-term debt stocks have risen 7 per cent to USD 498 billion in 2023, short-term debt stocks declined marginally to USD 126.32 billion in 2023. According to the report, external debt stock as percentage of exports was 80 per cent, while debt servicing was 10 per cent of exports in 2023. The World Bank International Debt Report, 2024, further said that net debt inflows during the year worked out to be USD 33.42 billion, while the net equity inflows was higher at USD 46.94 billion in 2023.

According to the World Bank's Logistic Performance Index, India's ranking moved to 38 in 2023 among 139 countries from the rank of 54 in 2014

The global economic report of the World Bank noted that in the South Asian region, India is set to sustain its robust growth momentum although it will moderate in coming years

World Bank is focusing on housing solutions for women to address women empowerment and provide them equal opportunity, a senior official has said. If India increases its female labour force participation to 50 per cent, it would help boost GDP growth by 1 per cent which is huge for a country like India, World Bank Managing Director (Operations) Anna Bjerde said. The official was in the city recently to visit World Bank-supported projects. She visited the working women's hostel - 'Thozhi' - which has been jointly developed by the Government of Tamil Nadu, World Bank and the private sector and is located at suburban Tambaram. TN Chief Minister M K Stalin had inaugurated the hostel in January. "I think the ultimate achievement while we are focusing on a housing solution for women is because we want to address women empowerment and an equal opportunity for women. What we see by solutions like these is that some of them undertake studies or some take up interesting jobs in IT or ...

In the coming years, South Asian nations are expected to experience significant economic development, according to the new World Bank report

Earlier this year, India's rank went up by six places to reach the 38th rank out of 139 countries in the seventh edition of Logistics Performance Index (LPI 2023)

Other examples of DPIs include Singapore's Singpass, the Philippines' PhilSys, UAE-Pass, and fast payment systems such as India's UPI, Brazil's Pix, Turkiye's FAST among others

IDs can play a vital role during family disputes by promoting corporate governance, ethical conduct, ensuring strict compliance and controls, and resolving conflicts fairly and equitably

Afghanistan is among one of the seven countries which face a catastrophic level of food crisis, the World Bank highlighted in its report, Khaama Press reported

Fewer distress-induced job transitions occurred in Q2CY2021, and only around 20 per cent of salaried and self-employed workers transitioned either into casual-wage work or exited the labour force

Growth in developing East Asia, Pacific is forecast to accelerate in 2023 as China's economy reopens, while the pace of growth in most of the economies in the rest of the region is anticipated to ease

Amid multiple domestic and international reverses due to its zero-Covid policy and assertiveness, China is unlikely to meet its estimated GDP growth rate, according to World Bank

Severe heat waves, responsible for thousands of deaths across India over the last few decades, are increasing with alarming frequency and soon the country could become one of the first places in the world to experience heat waves that break the human survivability limit, according to a new report. The World Bank report titled "Climate Investment Opportunities in India's Cooling Sector" said the country is experiencing higher temperatures that arrive earlier and stay far longer. "In April 2022, India was plunged into the grip of a punishing early spring heat wave that brought the country to a standstill, with temperatures in the capital, New Delhi, topping 46 degrees Celsius (oC) (114 degrees Fahrenheit). The month of March, which witnessed extraordinary spikes in temperatures, was the hottest ever recorded", it said. The report will be released during the two-day "India Climate and Development Partners' Meet" being organised by World Bank in partnership with the Kerala government ..

The central government is on track to meet its fiscal deficit target of 6.4 per cent of the GDP for 2022-23 on the back of strong growth in revenue collections, the World Bank said in its India Development Update on Tuesday. High nominal GDP growth in the first quarter supported strong growth in revenue collection, especially Goods and Services Tax (GST), despite tax cuts on fuel. Notwithstanding an increase in spending due to expanded fertilizer subsidies and food subsidies for vulnerable households in response to the commodity price shock, the government is on track to meet its FY22/23 fiscal deficit target of 6.4 per cent of GDP and the general government deficit is projected to decline to 9.6 per cent from 10.3 per cent in FY21/22 and 13.3 per cent in FY20/21. Public debt is also projected to decline to 84.3 per cent of GDP in FY'23, from a peak of 87.6 per cent in FY'21, it said. The central government's revenues increased by 9.5 per cent and spending by 12.2 per cent. As a .

Market potential and investment opportunities in space cooling will be $1.5 trn by 2040 in India. Therefore, it would be imperative for the govt to create an adequate enabling investment framework

Businesses built on renewable infrastructure are gaining traction but banks are still figuring out ways to finance them

In a statement, World Bank said over the 17 years of its existence, the Doing Business report has been a valued tool for countries seeking to measure costs of doing business