World Bank: News
India is 4th most equal society globally: World Bank
India has emerged as one of the most equal societies in the world, according to recent data from the World Bank.
'Pahalgam attack unfortunate, India used it to destabilize peace': Shehbaz
Pakistan Prime Minister Shehbaz Sharif has blamed India for using the recent Pahalgam terror attack to disturb regional peace.
Ministers to educate public how Indus treaty suspension benefits India
The central government has decided to launch a public outreach program to explain the benefits of suspending the Indus Waters Treaty with Pakistan, India Today and News18 reported.
World Bank launches $426M program to tackle Bengaluru's water scarcity
The World Bank is set to launch a $426 million program to improve water security in Bengaluru, India.
269M Indians lifted out of extreme poverty since 2011-12: Report
India's extreme poverty rate has fallen to 5.3% in 2022-23, a significant decline from the 27.1% recorded in 2011-12, according to updated data from the World Bank.
India to approach World Bank, FATF over Pakistan's 'terror funding'
India is reportedly planning to approach the Financial Action Task Force (FATF) to put Pakistan back on its grey list or 'increased monitoring list.'
Bangladesh to receive $1.3 billion from IMF in June
The International Monetary Fund (IMF) is set to release $1.3 billion to Bangladesh in June after the fourth review of its $4.7 billion loan program was successfully completed.
India to oppose Pakistan's $1.3-billion bailout package from IMF today
India's Executive Director at the International Monetary Fund (IMF) will present India's position at an upcoming board meeting on Friday.
India stops Baglihar dam water after suspending Indus Waters Treaty
India suspended water flow through Baglihar Dam on Chenab River and is looking to do the same at Kishanganga Dam on Jhelum River.
India asks IMF, others to review Pakistan funding
India will raise its concerns over Pakistan's funding with all multilateral development banks (MDBs), including the International Monetary Fund (IMF), World Bank, and the Asian Development Bank (ADB), a senior government official said.
India lifted 171M people from extreme poverty between 2012-2022
The World Bank has reported that India successfully lifted 171 million individuals out of extreme poverty between the years of 2011-12 and 2022-23.
India's job growth faster than its working-age population: World Bank
India's job market is on the right track, a recent report by the World Bank has said.
Pakistan secures $20 billion loan from World Bank: Reports
The World Bank is set to approve a $20 billion lending package for Pakistan, reports said.
Who does India owe? A breakdown of India's external debt
India's external debt has skyrocketed to a whopping $646.8 billion, according to the International Debt Report 2024 from the World Bank.
India's external debt rose to $647B in 2023: World Bank
India's external debt saw a sharp rise of $31 billion in 2023, amounting to $646.79 billion, according to the World Bank's International Debt Statistics (IDS) report.
Why S&P has lowered India's growth targets for FY26, FY27
S&P Global Ratings has kept its GDP growth forecast for India unchanged at 6.8% for fiscal year 2024-25.
G7 leaders agree to loan $50 billion to Ukraine
The Group of Seven (G7) leaders have agreed to lend Ukraine around $50 billion.
World Bank raises India's growth forecast to 7% for FY25
The World Bank has revised India's growth forecast for the fiscal year 2025, raising it from an initial projection of 6.6% to a more optimistic figure of 7%.
IMF approves $7 billion loan to aid Pakistan's economy
The International Monetary Fund (IMF) has approved a $7 billion loan to Pakistan in an effort to stabilize its struggling economy.
Explained: Why Indian city temperatures are reaching unprecedented highs
Metropolitan cities in India have seen record-breaking temperatures in May, June, and July over recent years.
6 months of Israel-Hamas conflict: What has changed
On October 7, a group of Hamas terrorists breached the seemingly impenetrable "Iron Wall" to enter Israel, where they killed around 1,139 people.
World Bank forecasts 7.5% growth for India's economy in 2024
The World Bank has revised its growth forecast for India's economy, now predicting a significant increase of 7.5% in 2024, up by 1.2% from its previous estimate.
Oil prices might touch $102 due to Middle East tensions
World Bank predicts that global oil prices will reach $90 per barrel in the fourth quarter, dropping to an average of $81 this year because of slowed growth and decreased demand.
World Bank keeps India's GDP growth unchanged at 6.3%
The World Bank has opted to retain the economic growth forecast for India at 6.3% in the fiscal year (FY) 2023-24, despite the nation grappling with significant external challenges, Economic Times reported.
World Bank lowers 2023 growth forecasts for East Asia
The World Bank recently adjusted its growth predictions for developing countries in East Asia and the Pacific, pointing to tighter financial conditions and a sluggish global environment.
40% of Pakistanis now live below poverty line: World Bank
Pakistan is battling a major poverty crisis, with 40% of its population currently living below the poverty line, news outlet Dawn reported, citing a World Bank report.
G20 Summit: Modi-Biden bilateral meeting on Friday, says White House
United States (US) President Joe Biden is set to travel to India next week for the G20 Summit, where he will have a bilateral meeting with Prime Minister Narendra Modi next Friday, the White House said on Saturday.
Why 40+ countries want to join BRICS
BRICS—a coalition of large emerging economies comprised of Brazil, Russia, India, China, and South Africa—reportedly aims to expand nearly 22 years after its inception.
US nominee Ajay Banga to become World Bank president unopposed
Ajay Banga, the former CEO of Mastercard, is set to become the World Bank president after nominations closed on Wednesday and no country chose to field a challenger, reported Bloomberg.
World Bank president nominee Ajay Banga tests positive for COVID-19
Ajay Banga, the United States (US) nominee for World Bank president, tested positive for COVID-19 after arriving in New Delhi on Thursday.
Who is Ajay Banga, US nominee for World Bank president
An Indian-American could be at the helm of the World Bank. Former MasterCard CEO and businessman Ajay Banga has been nominated by the US to lead one of the Bretten Woods twins.
India questions World Bank's stand on Indus Waters Treaty
In a significant development in the Indus Waters Treaty (IWT) matter, India on Thursday questioned the World Bank's move to appoint two separate processes—a neutral expert and a court of arbitration—to resolve disputes between Pakistan and New Delhi on the Ratle and Kishenganga hydroelectric projects in Jammu and Kashmir (J&K).
India wants to change Indus Waters Treaty, cites Pakistan's 'intransigence'
India issued a notice to Pakistan on Wednesday expressing its wish to modify the Indus Waters Treaty (IWT) of 1960, blaming the latter for "intransigence" regarding the treaty's implementation.
India's economy 'resilient,' to grow 6.9% in FY23: World Bank
Upgrading India's gross domestic product (GDP) forecast from 6.5% to 6.9% for the current fiscal year, the World Bank on Tuesday termed India's economy as "more resilient" than 10 years ago.
Pakistan's finance minister quits, tainted PML-N leader to replace him
Amid a worsening economic crisis after the deadly floods, Pakistan's Finance Minister Miftah Ismail resigned on Sunday.
New anti-COVID drug may cost up to Rs. 3,000: Report
Molnupiravir, an antiviral medication, is projected to cost between Rs. 2,000 and Rs. 3,000 for a full treatment.
How Taliban's foreign currency ban affects Afghanistan
The Taliban has banned all foreign currency in Afghanistan and ordered its citizens to only use Afghan currency for trade.
COVID-induced economic slowdown caused 1 lakh infant deaths in India
India recorded a third of global excess infant deaths in 2020 due to COVID-induced economic slowdown, a World Bank study has found.
World Bank deployed $157bn in 15 months to fight COVID-19
In its largest-ever crisis response, the World Bank deployed over $157 billion to fight the impact of the COVID-19 pandemic on health, economic and social fronts over the last 15 months.
India's Serum Institute signs COVID-19 vaccine deal with America's Novavax
Serum Institute of India (SII) is set to source the COVID-19 vaccine developed by American biotech company Novavax.
Coronavirus aftermath: 1.1 billion could become extremely poor, globally
The economic repercussions of coronavirus, which has already taken 423,844 lives globally, are mountainous. Thanks to lockdowns, enforced to break the transmission chain, even the richest countries are staring at oblivion.
World Bank announces $1 billion social protection package for India
In the fight against coronavirus, the Indian government has got support from the World Bank. On Friday, the global bank announced a $1 billion social protection package for the programs of the government of India.
India to witness severe economic slump, says World Bank
The spread of COVID-19, and the disruption ensuing from it, is likely to cause a sharp economic slump for India and neighboring countries, the World Bank said on Sunday.
Coronavirus: World Bank approves $1bn emergency fund for India
The World Bank on Thursday approved a $1 billion emergency fund for India to deal with the coronavirus pandemic, which has killed over 70 in the country and infected 2,543.
Last year, India lost over $1.3 billion from internet shutdowns
The problem of internet shutdowns has grown worse over the years, affecting both businesses and households alike.
India 63rd on World Bank's Ease of Doing Business ranking
India moved up 14 ranks to take the 63rd spot on the World Bank's Ease of Doing Business ranking released today.
#EconomicSlowdown: World Bank cuts India's growth rate projection to 6%
The country's "well-learned" union ministers may want you to believe that there is no economic slowdown whatsoever, but data points otherwise.
FATF's Asia Pacific arm blacklists Pakistan for not curbing terror-funding
In a big setback for Pakistan, the Asia Pacific division of global terror watchdog Financial Action Task Force (FATF) has put the country on its blacklist over its failure to curb terror financing.