Page 26 - World Bank

An economist's selective notes

Kaushik Basu offers an engaging account of his days at North Block and World Bank but steers clear of controversial issues

IFC lends $250 million to HDFC Ltd to boost green housing finance

Green housing is regarded as a luxury market in the country, but has climate benefits. IFC said its partnership with HDFC would help change perceptions about the market.

Over $157 bn deployed in last 15 months to fight Covid pandemic: World Bank

In its largest-ever crisis response, the World Bank has deployed over $157 billion to fight the impact of the Covid-19 pandemic on health, economic and social fronts over the last 15 months

Investment firm Temasek, IFC buy out Upgrad Espos worth Rs 220 crore

Singaporean investment giant Temasek Holdings and the World Bank arm IFC have infused an additional Rs 220 crore or $29.5 million into leading online education platform Upgrad

World Bank estimates cost of rebuilding Gaza after latest war at $485 mn

Rebuilding Gaza after the latest devastating war between Israel and the territory's militant Hamas rulers will cost up to $485 million, the World Bank said

World Bank expands coronavirus vaccine funding to $20 billion

The funding will be available through 2022

World Bank raises China's economic growth outlook to 8.5% from 8.1%

The World Bank raised its forecast of China's economic growth this year to 8.5 per cent from 8.1 per cent and said Tuesday that a full recovery requires progress in vaccinations against coronavirus

Nepal inks $150-mn loan pact with World Bank for post-Covid growth

Nepal inked a concessional loan agreement of USD 150 million with the World Bank (WB) on Sunday for post-Covid-19 recovery and development.

World Bank board approves $125 million support program to Kerala

This is to help the state's preparedness against natural disasters, climate change impacts, disease outbreaks and pandemics.

$32 mn World Bank loan for improving healthcare services in Mizoram

The Covid-19 pandemic has had adverse effects on the delivery and utilisation of essential health services in the state.

World Bank vows to keep board apprised of climate action progress

The World Bank on Tuesday agreed to boost its spending on climate change to 35% from 28% and to provide annual progress reports to its board

Poverty in Pakistan rises to over 5% in 2020, estimates World Bank

The World Bank has estimated that poverty in Pakistan has increased from 4.4 per cent to 5.4 per cent in 2020, as over two million people have fallen below the poverty line

Economic theory says inequality will rise as international trade grows

Robin Hoodism - robbing the rich to pay the poor - isn't consistent with either democratic ideals or trust in government

Covid impact: World Bank slashes India's FY22 GDP growth forecast to 8.3%

The Washington-based global lender noted that in India, an enormous second Covid-19 wave is undermining the sharper-than-expected rebound

Top headlines: WB pegs India's FY22 GDP at 8.3%; Piramal faces a new hurdle

Business Standard brings you the top news of the evening

World Bank, IMF urge countries with excess vax supply to release surplus

World Bank Group and International Monetary Fund (IMF) have called on countries anticipating excess Covid-19 vaccine supplies in the coming months to release their surplus doses

Pakistan to receive $153 mn from World Bank to aid Covid vaccination drive

The World Bank has approved the provision of $153 million to support the ongoing national vaccine drive in Pakistan to help the country fight the Covid-19 pandemic

Kerala hit hard by drop in remittances as 1.2 mn workers return: World Bank

Kerala has been hit hard by the drop in remittances from the Gulf countries from where about 1.2 million workers returned to the state due to the Covid-driven layoffs, according to the World Bank

India received $83 billion in remittances in 2020: World Bank report

India received over $83 billion in remittances in 2020, a drop of just 0.2 per cent from the previous year, despite a pandemic that devastated the world economy, according to a World Bank report

Economic Outlook for 2021-22

Outlook beset by uncertainties, but GDP in 2021-22 likely to be lower than in 2019-20