World Bank Loan

World Bank to approve $20 billion lending package for Pakistan: Report

The World Bank is set to approve a USD 20 billion indicative lending package for Pakistan a pioneering 10-year initiative to protect its funded projects from political transitions and focus on six targeted areas, according to a media report. The programme, titled "Pakistan Country Partnership Framework 2025-35", aims to improve social indicators in the most neglected but important areas, The Express Tribune newspaper reported, citing official documents. It will focus on reducing child stunting, combating learning poverty, enhancing climate resilience, decarbonising the environment, expanding fiscal space, and boosting private investment to improve productivity. These areas have broad support across the political spectrum and are expected to remain unaffected by government changes during the 2025-2035 period, which is anticipated to include at least three general elections. This 'Country Partnership Framework' is scheduled to be approved by the World Bank board on January 14, ...

World Bank approves $188 mn loan to boost growth in Maharashtra's districts

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

World Bank pledges additional $2 bn to support critical reforms in B'desh

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, .

Pakistan needs foreign loans to avoid public debt crisis, says World Bank

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

World Bank may loosen loan ratio to free up $4 bn a year for climate change

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%

World Bank grants India $1.75 bn loan for health, private investment

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 .

World Bank approves Rs 4,400-cr funding for three projects in India

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

World Bank rules out new loan commitments to crisis-hit Sri Lanka

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 approves $800 million loans for two programmes in Pakistan

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

Top headlines: June PMI data, GST collections, World Bank grant and more

Here are the top headlines of the day

World Bank clears $500 mn loan to improve quality of education system

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-19 crisis: World Bank to rescue with $160-billion aid to 100 nations

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

World Bank approves $1-bn loan to India amid coronavirus outbreak

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

Top headlines: Govt to set up Rs 1-trn agri infra fund, job cuts at Zomato

Business Standard brings to you the top headlines of the day

Pakistan, World Bank ink Khyber Pass economic agreement worth $406 mn

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

World Bank cuts lending to China after Trump objects to long-term loans

"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

World bank grants $722 mn loan for Pakistan to improve civic facilities

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

World Bank to lend $310 mn to boost Jharkhand's power transmission infra

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

World Bank to provide $318 mn loan for Tamil Nadu irrigation projects

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 ...

India to get $250 mn loan from World Bank for skilling plans

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