World Bank Reforms

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, .

Make tax reforms, remove exemptions on duties, sales tax: World Bank to Pak

The report reads, "Government should implement austerity measures and promote public-private partnership in government-owned companies"

World Bank agrees on $500-mn aid to help Egypt fund wheat purchases

Egypt will receive a USD 500 million loan from the World Bank to help finance its wheat purchases as prices skyrocket because of the Russian invasion of Ukraine, the Bank said on Wednesday. The funds, approved on Tuesday by the World Bank Board of Executive Directors, aim at supporting Egypt's efforts to provide subsidized bread to poor and vulnerable households, it said. It said the funds will help the government of the Arab world's most populous country finance procurement of imported wheat. This emergency operation comes at a very critical juncture when the food security of many countries is threatened by the war in Ukraine, said Marina Wes, World Bank Country Director for Egypt Yemen, and Djibouti. Egypt is the world's largest wheat importer, and the country's supply is subject to price changes on the international market. The war in Europe has already hiked prices of the grain since both Russia and Ukraine export nearly a third of the world's wheat. Around 70 million Egyptian

Centre approves Rs 6,655-cr World Bank aided skill training schemes

Sankalp and Strive are outcomes focused schemes, marking a shift in government's implementation strategy

Govt points out errors in World Bank's 2016 ease of doing business report

World Bank team is set to visit India in late July to prepare this year's rankings