World Bank: News
US senator-elect calls for end to aid to Israel, Pakistan
Abdul El-Sayed, the first Muslim senator-elect in United States history, has called on Washington to reconsider its financial and military aid to countries that allegedly violate international law.
Laws penalizing those having 2+ children have become irrelevant: SC
The Supreme Court on Wednesday observed that laws penalizing families for having more than two children have become outdated, noting that fears of overpopulation are no longer valid as India's fertility rate has dropped from 3 to 1.9 in the past few decades.
India's extreme poverty rate drops from 27.1% to 2.6% but....
India's extreme poverty rate has dropped to 2.6% in 2023 from the 27.1% recorded in 2011, according to the World Bank's October 2026 Poverty and Equity Brief.
World Bank wants developing nations to make 'small AI' models
The World Bank has urged developing nations to start building "small AI" models, which can run on mobile phones with limited connectivity.
AI could help solve Asia's aging problem, says IMF
The International Monetary Fund (IMF) has said that artificial intelligence (AI) could help solve the problem of an aging population in Asia.
World Bank in talks with 30-40 countries for crisis aid
The World Bank is currently engaged in discussions with 30 to 40 countries for potential crisis aid.
Developing countries facing energy crisis, El-Nino, high borrowing costs: UN
Developing countries are facing a major crisis due to rising energy costs, the El Nino weather phenomenon, and high borrowing costs.
World Bank raises India's FY27 growth forecast to 7.1%
The World Bank has revised its growth forecast for India's economy in FY27, predicting a 7.1% expansion. This is 50 basis points higher than its previous estimate of 6.6%.
Nobel laureate Michael Kremer becomes World Bank's chief economist
The World Bank has appointed Nobel laureate Michael Kremer as its new chief economist.
India's gig economy is neglecting women, says study
A recent study by the International Labor Organization and the National Council of Applied Economic Research has highlighted the underrepresentation of women in India's fast-growing gig economy.
Meet Shabnam Sinha, World Bank-veteran named Airtel Payments Bank chief
Airtel Payments Bank has announced a major leadership change, with Shabnam Sinha set to take over as chairperson from October 1, 2026.
Shehbaz warns India over IWT ahead of Independence Day
Ahead of India's 80th Independence Day, Pakistan Prime Minister Shehbaz Sharif has issued a stern warning to India over the Indus Waters Treaty (IWT).
India seeks $2.5B loans from World Bank, ADB
India is in talks with the World Bank and Asian Development Bank (ADB) to secure $2.5 billion in funding, according to Bloomberg.
World Bank thinks 2020s is 'lost decade' for developing economies
The World Bank has warned that the 2020s could be a "lost decade" for many developing economies.
India can repay 94% foreign debt in a day: Fadnavis
Maharashtra Chief Minister Devendra Fadnavis has dismissed fears of an economic slowdown in India.
India to remain fastest-growing major economy in FY27: World Bank
India is set to remain the world's fastest-growing major economy, with a growth rate of 6.6% in the fiscal year 2026-27, a sharp decline from last year's 7.7%, according to a World Bank report.
India well-positioned to weather global economic slowdown: World Bank
The World Bank has said that India is well-positioned to weather the storm of a slowing global economy.
UAE quits oil cartel OPEC after 6 decades
The United Arab Emirates (UAE) has quit the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+, ending a nearly six-decade-long membership.
India's GDP to grow at 6.5% in FY27, says IMF
The International Monetary Fund (IMF) has revised India's GDP growth forecast for the current fiscal year to 6.5%.
Oil prices drop as US-Iran dialogue hopes rise
Oil prices have dropped below the $100 per barrel mark, amid hopes of renewed US-Iran dialogue.
IMF, World Bank to revise global growth forecasts downward
Top finance officials from around the world are set to meet in Washington this week amid the ongoing war in the Middle East.
World Bank upgrades India's FY27 growth outlook to 6.6%
The World Bank has revised India's growth forecast for the fiscal year 2026-27 to 6.6%, up from the earlier estimate of 6.3% made in October last year.
World Bank revises India's growth forecast to 6.6% for FY27
The World Bank has revised India's growth forecast for the fiscal year 2027, raising it from an earlier estimate of 6.3% to a more optimistic 6.6%.
New taxes on cigarettes, pan masala to kick in tomorrow
Starting February 1, a new tax regime will be imposed on cigarettes and pan masala.
How India can become a high-income country by 2047
India's economy needs to grow at an annual rate of 7.5% over the next 21 years, to reach the World Bank's high-income threshold of $13,936 in gross national income (GNI) per capita by 2047.
US might lift more sanctions on Venezuela soon, says Bessent
US Treasury Secretary Scott Bessent has hinted at the possibility of lifting more sanctions on Venezuela as early as next week.
World Bank funds UP, Haryana with $600M for pollution relief
The World Bank has approved nearly $600 million for two major clean-air programs in Uttar Pradesh and Haryana.
IMF tightens bailout terms for Pakistan; adds 11 new conditions
The International Monetary Fund (IMF) has imposed an additional 11 structural conditions on Pakistan under its $7-billion Extended Fund Facility (EFF).
Trump pauses migration for 3rd world countries; is India included?
United States President Donald Trump has called for a "permanent pause" on migration from what he calls "Third World countries."
India's manufacturing sector rebounds in October, PMI rises to 59.2
India's manufacturing sector showed signs of recovery in October, with the HSBC Manufacturing Purchasing Managers' Index (PMI) rising to 59.2 from September's 57.7.
White-collar job listings drop 20% due to AI: World Bank
A World Bank report has revealed that generative artificial intelligence (AI) has led to a 20% drop in job listings for highly substitutable white-collar roles in South Asia.
'Overall, scorecard is negative': Ex-IMF chief economist criticizes Trump's tariffs
Harvard University professor and former International Monetary Fund Chief Economist Gita Gopinath has criticized United States President Donald Trump's tariff policy.
World Bank raises India's FY26 growth forecast to 6.5%
The World Bank has revised India's growth forecast for the fiscal year 2025-26 (FY26) to 6.5%, up from its previous estimate of 6.3% made in June.
World Bank to double India investments to $10B by 2030
International Finance Corporation (IFC), private sector arm of the World Bank Group, aims to double annual investments in India to $10 billion by 2030.
'Will have painful consequences': India warns Pakistan after nuke threat
India's Ministry of External Affairs (MEA) has condemned Pakistan's recent anti-India rhetoric and warned of "painful consequences" if it continues.
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.