Page 19 - World Bank
Coal ministry to have a 'just transition' division; WB to provide $1.1 mn
This is the first time since India announced its net carbon zero target year of 2070 that the policymakers have initiated discussions on just transition in coal bearing areas
 "Coal ministry to have a 'just transition' division; WB to provide $1.1 mn")
Chennai Corporation seeks World Bank assistance on drinking water project
The Greater Chennai Corporation has sought a World Bank funding of Rs 376 crore for the drinking water project in the city
 "Chennai Corporation seeks World Bank assistance on drinking water project")
World Bank warns of recession as Ukraine war hits already rocked economies
Countries around the world are facing recession as the Ukraine war hits economies already rocked by the Covid pandemic, the World Bank has warned, BBC reported.
 "World Bank warns of recession as Ukraine war hits already rocked economies")
World Bank board approves $1.49 billion in new funds for war-hit Ukraine
The World Bank said in a statement that the latest funding is supported by financing guarantees from Britain, the Netherlands, Lithuania and Latvia
 "World Bank board approves $1.49 billion in new funds for war-hit Ukraine")
Top headlines: RBI steps in to save rupee, power crisis deepens, and more
India's Minister of State for New and Renewable Energy Bhagwanth Khuba launched a "Ghar Ke Upar Solar Is Super" - another of those catchily-named schemes that characterise the Narendra Modi government
 "Top headlines: RBI steps in to save rupee, power crisis deepens, and more")
World Bank cuts India's FY23 GDP forecast to 7.5% amid rising inflation
This is the second time the World Bank has revised its GDP growth forecast for India in FY23
 "World Bank cuts India's FY23 GDP forecast to 7.5% amid rising inflation")
World Bank slashes global growth forecast to 2.9%, warns of 'stagflation'
World Bank President said global growth was being hammered by the war, fresh Covid lockdowns in China, supply-chain disruptions and the risk of stagflation, which was last seen in the 1970s
 "World Bank slashes global growth forecast to 2.9%, warns of 'stagflation'")
World Bank cuts India's economic growth forecast to 7.5% for FY23
This is the second time that the World Bank has revised its GDP growth forecast for India in the current fiscal
 "World Bank cuts India's economic growth forecast to 7.5% for FY23")
Govt plans to offload some of interest cost on aid given to partner nations
The central government plans to tweak letters-of-credit rule
 "Govt plans to offload some of interest cost on aid given to partner nations")
World Bank to provide financial assistance to Lanka for fertiliser supplies
The World Bank has agreed to provide the necessary financial assistance to debt-ridden Sri Lanka to obtain urea fertiliser for the upcoming Maha season in the country, according to a media report.
 "World Bank to provide financial assistance to Lanka for fertiliser supplies")
World Bank to disburse $700 mn to crisis-hit Sri Lanka: Foreign Minister
The World Bank will disburse nearly $700 million to Sri Lanka within the next few months, Sri Lanka's Foreign Minister said
 "World Bank to disburse $700 mn to crisis-hit Sri Lanka: Foreign Minister")
World Bank to disburse $700 mn to Lanka, re-purpose existing loans: Report
Sri Lanka is nearing bankruptcy and has severe shortages of essentials from food, fuel, medicines and cooking gas.
Sri Lanka PM appointed as finance minister, to lead debt talks with IMF
He has held talks with foreign envoys, including from India, China and the US, and discussed with representatives from ADB and World Bank ways to replenish food, fertilizer and medicine supplies
 "Sri Lanka PM appointed as finance minister, to lead debt talks with IMF")
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 rules out new loan commitments to crisis-hit Sri Lanka")
Unexpected, but also unacceptable
Russian invasion's multi-dimensional impact, and India's meek acceptance of the damage done to its economy
 "Unexpected, but also unacceptable")
World Bank, UN grant $10 mn to mitigate impact of Beirut port blasts
A new $10 million grant will help Lebanon mitigate the environmental and health impacts of the Beirut port explosions on the neighbouring population and support Beirut's reconstruction, the UN said
 "World Bank, UN grant $10 mn to mitigate impact of Beirut port blasts")
World Bank announces up to $30 bn to address food security crisis
The World Bank has announced actions it plans to take as part of a comprehensive, global response to the ongoing food security crisis, with up to $30 billion financing in existing and new projects.
Global supply crunch
Food prices will remain elevated in the near term
 "Global supply crunch")
Sri Lanka gets $160 mn from World Bank; PM says will use some to buy fuel
Sri Lanka has received $160 Million from the World Bank and is looking at the possibility of using some of it to buy fuel, PM Ranil Wickremesinghe told Parliament on Wednesday
 "Sri Lanka gets $160 mn from World Bank; PM says will use some to buy fuel")
WEF 2022: What does 'global debt' mean and how high is it at present?
The current debt wave is the world's fourth since 1970, the World Bank says
 "WEF 2022: What does 'global debt' mean and how high is it at present?")
