Page 20 - World Bank
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.
 "World Bank announces up to $30 bn to address food security crisis")
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?")
Lankan PM hold talks with World Bank, ADB as India delivers diesel shipment
Sri Lanka's Prime Minister Ranil Wickremesinghe held discussions with representatives of the World Bank and the Asian Development Bank on the current economic crisis in the country,
World Bank expresses grave concern over violence, crisis in Sri Lanka
The developments come even as nationwide protests against the government have intensified over the past few days resulting in an increase in clashes with the security forces deployed at protest sites
 "World Bank expresses grave concern over violence, crisis in Sri Lanka")
How safe are India's dams?
The long-term safety of a dam depends on the extent of degradation of its materials, weakening of the foundations and seismological threats
 "How safe are India's dams?")
World Bank to give $600-million aid to Lanka to overcome economic crisis
Sri Lanka stocks rallied, marking their first day of gains since April 5
Russia- Ukraine war to cause biggest price shock in 50 yrs: World Bank
The price shock is aggravated by restrictions in the food, fuel, and fertiliser trade, it said
Sri Lanka says World Bank agrees to provide $600 million in financial aid
Earlier this month, Sri Lanka kicked off talks with the International Monetary Fund (IMF) for financial assistance
 "Sri Lanka says World Bank agrees to provide $600 million in financial aid")
Food, fuel price shocks from Ukraine war to last at least 3 yrs: World Bank
Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until at least the end of 2024 and raise the risk of of stagflation, the World Bank said
More Sri Lankans to slip into poverty this year, warns World Bank
Sri Lanka is currently in the throes of an unprecedented economic turmoil since its independence from Britain in 1948
 "More Sri Lankans to slip into poverty this year, warns World Bank")
Sri Lanka PM says he is in good health, rejects 'false propaganda'
'The propaganda that the Prime Minister is being treated in a private hospital for an illness is completely false,' the Prime Minister's Media Division (PMMD) said
 "Sri Lanka PM says he is in good health, rejects 'false propaganda'")
FM Sitharaman asks IMF, World Bank to give Sri Lanka low-income tag
This comes as India's southern neighbour deals with its worst-ever economic crisis.
 "FM Sitharaman asks IMF, World Bank to give Sri Lanka low-income tag")
China must be treated as equal Sri Lanka creditor: India to IMF, World Bank
"All creditors must be treated equally and with transparency," Sitharaman said in an interview in Washington Friday. "I've emphasized that point in general and in the context of Sri Lanka."
 "China must be treated as equal Sri Lanka creditor: India to IMF, World Bank")
Sri Lanka says India, World Bank consider $2 billion bridge finance
The country of 22 million people is struggling to pay for imports after a sharp drop in foreign exchange reserves which has led to a currency devaluation and soaring inflation
 "Sri Lanka says India, World Bank consider $2 billion bridge finance")
India, World Bank considering $2-billion bridge finance: Sri Lanka
India has extended the duration of the $400-million currency swap facility which had been concluded with the island nation in January.
 "India, World Bank considering $2-billion bridge finance: Sri Lanka")
Russia-Ukraine crisis: Zelensky lists '5 steps' during World Bank session
The Ukrainian President said the first step was immediate support for Ukraine, "so that the Russian leadership knows that the war will not allow them to realise any of their aggressive goals
 "Russia-Ukraine crisis: Zelensky lists '5 steps' during World Bank session")
World Bank welcomes India's move of selling oil from its stockpiles
World Bank President David Malpass has welcomed India's move to begin selling oil from its stockpiles
 "World Bank welcomes India's move of selling oil from its stockpiles")
Urbanisation and development
The relation between economic growth rate and the degree of urbanisation is mutually reinforcing, as higher economic growth results in high incomes that influence the rate of urbanisation
