Page 28 - World Bank
European officials urge World Bank to exclude fossil-fuel investments
Senior officials from Europe have urged the World Bank to expand its climate change strategy to exclude investments in oil- and coal-related projects, and phase out investment in natural gas projects
 "European officials urge World Bank to exclude fossil-fuel investments")
European officials urge World Bank to bar fossil-fuel investments: Report
WASHINGTON (Reuters) - Senior officials from Europe have urged the World Bank's management to expand its climate change strategy to exclude investments in oil- and coal-related projects around the world, and gradually phase out investment in natural gas projects, according to three sources familiar with the matter.
 "European officials urge World Bank to bar fossil-fuel investments: Report")
World Bank, IMF to consider climate change in debt reduction talks
The coronavirus pandemic has worsened the outlook for many countries that were already heavily indebted before the outbreak
 "World Bank, IMF to consider climate change in debt reduction talks")
India accounts for 10 per cent of global road crash victims: World Bank
India has one per cent of the world's vehicles
 "India accounts for 10 per cent of global road crash victims: World Bank")
World Bank's IFC to invest $45 million equity in upGrad Education
upGrad has almost doubled its users in six months and aims to touch 10 lakh by the end of 2021
 "World Bank's IFC to invest $45 million equity in upGrad Education")
Slow vaccine rollout stands to halve world growth: World Bank's Reinhart
The Group of 20's common framework, which aims to get China and private lenders more involved in debt relief, can help poor countries resolve issues faster
 "Slow vaccine rollout stands to halve world growth: World Bank's Reinhart")
Labour codes: Reform 2.0
Economic reforms require expending political capital by the governments, as the benefits of reforms are spread thin and become apparent only with a time lag
Finance ministry holds meeting to discuss roadmap for asset monetisation
Department of Investment and Public Asset Management (DIPAM) had signed an agreement with World Bank, in November 2020, to provide advisory services to the government for asset monetization
 "Finance ministry holds meeting to discuss roadmap for asset monetisation")
World Bank approves cash assistance to crisis-struck Lebanon
The World Bank approved a $246 million loan to Lebanon to provide emergency cash assistance to nearly 800,000 Lebanese reeling under the country's compounded economic and health crises.
China needs to learn to restructure emerging market debt: WB economist
Increasing debt distress in emerging markets means that China, will need to start restructuring debts in the same way that Paris Club lenders did in past crises, Reinhart said
 "China needs to learn to restructure emerging market debt: WB economist")
World Bank commits $105 million loan to improve West Bengal waterways
The Government of India, the Government of West Bengal and the World Bank on Tuesday signed a $105 million project to improve the inland water transport infrastructure in Kolkata, West Bengal
 "World Bank commits $105 million loan to improve West Bengal waterways")
World Bank says it expects the global economy to expand by 4% in 2021
The global economy is expected to expand by 4 per cent in 2021, assuming an initial Covid-19 vaccine rollout becomes widespread throughout the year, the World Bank has said
Indian economy expected to contract by 9.6% in 2020-21: World Bank
In its Global Economic Prospects report, the World Bank said that the informal sector, which accounts for four-fifths of employment, has been subject to severe income losses during the Covid-19 crisis
Uzbekistan signs loan and guarantee agreements for its first solar plant
The World Bank will also provide a $5.1 million payment guarantee for the Uzbek government to backstop payment obligations of the project
 "Uzbekistan signs loan and guarantee agreements for its first solar plant")
World Bank, govt ink pact for $500-mn project to develop green highways
The highway corridors will be developed in Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh
 "World Bank, govt ink pact for $500-mn project to develop green highways")
World Bank corrects Doing Business rankings, lowers China by 7 notches
Besides China, the World Bank has corrected the Doing Business rankings of Saudi Arabia, United Arab Emirates and Azerbaijan
 "World Bank corrects Doing Business rankings, lowers China by 7 notches")
India and World Bank sign $400 mn project to protect poor from Covid impact
India on Wednesday signed a pact worth Dollar 400 million with the World Bank in a bid to aid the poor and vulnerable reeling under the coronavirus crisis
 "India and World Bank sign $400 mn project to protect poor from Covid impact")
World Bank approves 4 development projects in India worth $800 mn
The World Bank on Wednesday approved four India projects worth over USD 800 million to support development initiatives.
Covid-19 could push 72 mn children into 'learning poverty', says World Bank
The Covid-related school closures risk pushing 72 million more primary school aged children into "learning poverty" - meaning that they are unable to read and understand a simple text by age 10
 "Covid-19 could push 72 mn children into 'learning poverty', says World Bank")
James Wolfensohn, who served as World Bank president, dies at 86
Current IMF Managing Director Kristalina Georgieva mourned the passing of her friend, mentor and former boss.
 "James Wolfensohn, who served as World Bank president, dies at 86")
