Shri Pradip Kumar Das, Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Ltd. (IREDA), spoke at an international webinar organized by The World Bank on February 14, 2024, to coincide with the release of the latest South Asia Development Update “Toward Faster, Cleaner Growth”. In his talk, CMD of IREDA emphasized the … Read more
On December 20, 2023, in New Delhi, Shri Ajay Banga, President of the World Bank Group, introduced the Public-Private Partnership (PPP) Beginner’s e-Course in the presence of Dr. V. Anantha Nageswaran, Chief Economic Advisor, Ministry of Finance, Government of India, and Shri Parameswaran Iyer, Executive Director, World Bank Group. This was a significant step towards … Read more
A meeting was held in New Delhi to showcase initiatives and reforms to improve India’s logistics efficiency to the World Bank Team. The nodal officers of the Logistics Performance Index (LPI) dedicated team, including the Land Ports Authority of India (LPAI), M/o Civil Aviation, M/o Railways, M/o Ports, Shipping and Waterways (MoPSW), M/o Civil Aviation … Read more
The World Bank has decided to maintain its GDP growth forecast for India in the fiscal year 2023-24 at 6.3 percent. This decision comes despite significant external challenges, reflecting India’s strong economic growth. In its April report, the World Bank had previously reduced India’s growth forecast for 2023-24 from 6.6 percent to 6.3 percent. However, … Read more
Poverty in Pakistan surged to 39.4 percent in the last fiscal year, with an additional 12.5 million people being pushed into poverty due to challenging economic conditions, according to the World Bank. The international financial institution has called on Pakistan to take immediate actions to achieve financial stability. The World Bank recently released draft policy … Read more
The Prime Minister, Shri Narendra Modi today shared finding of World Bank that the bank included in it’s G20 document that India has achieved financial inclusion targets in just 6 years which would otherwise have taken at least 47 long years. The Prime Minister posted on X “India’s leap in financial inclusion, powered by Digital … Read more
Ajay Banga, the president of the World Bank, will make his first trip to India since taking office in June. As the first person of color to serve as president of the World Bank or the International Monetary Fund, Banga is an Indian-American. He’ll be present in Ahmedabad for the G20 meeting of central bank … Read more
World Bank Grants $300 Million Loan to Enhance Quality of Chhattisgarh Government-Run Schools
Beijing: The World Bank today slashed its China growth forecast for the year as the pandemic and weaknesses in the property sector hit the world’s second-largest economy. In a statement, the institution slashed its forecast to 2.7 percent from 4.3 percent predicted in June. It also revised its forecast for next year from 8.1 percent … Read more