World Bank: News
03 May 2025
International Monetary FundIndia 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.
27 Apr 2025
IndiaIndia 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.
26 Apr 2025
IndiaIndia'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.
05 Jan 2025
IslamabadPakistan secures $20 billion loan from World Bank: Reports
The World Bank is set to approve a $20 billion lending package for Pakistan, reports said.
16 Dec 2024
IndiaWho 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.
04 Dec 2024
IndiaIndia'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.
25 Nov 2024
Reserve Bank Of India (RBI)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.
26 Oct 2024
CanadaG7 leaders agree to loan $50 billion to Ukraine
The Group of Seven (G7) leaders have agreed to lend Ukraine around $50 billion.
03 Sep 2024
Reserve Bank Of India (RBI)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%.
13 Jul 2024
International Monetary FundIMF 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.
30 May 2024
India Meteorological Department (IMD)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.
05 Apr 2024
Israel6 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.
03 Apr 2024
BangladeshWorld 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.
30 Oct 2023
BusinessOil 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.
03 Oct 2023
IndiaWorld 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.
02 Oct 2023
AsiaWorld 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.
25 Sep 2023
Pakistan Government40% 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.
02 Sep 2023
Joe BidenG20 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.
22 Aug 2023
BRICSWhy 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.
30 Mar 2023
Joe BidenUS 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.
24 Mar 2023
IndiaWorld 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.
24 Feb 2023
United States of AmericaWho 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.
03 Feb 2023
IndiaIndia 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).
27 Jan 2023
IndiaIndia 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.
06 Dec 2022
Gross Domestic ProductIndia'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.
26 Sep 2022
Pakistan NewsPakistan'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.
30 Dec 2021
Drugs Controller General of IndiaNew 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.
03 Nov 2021
AfghanistanHow 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.
24 Aug 2021
IndiaCOVID-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.
20 Jul 2021
David MalpassWorld 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.
06 Aug 2020
IndiaIndia'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.
12 Jun 2020
UNICEFCoronavirus 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.
15 May 2020
Narendra ModiWorld 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.
12 Apr 2020
IndiaIndia 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.
03 Apr 2020
IndiaCoronavirus: 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.
11 Jan 2020
Uttar PradeshLast 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.
24 Oct 2019
IndiaIndia 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.
13 Oct 2019
India#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.
23 Aug 2019
International Monetary FundFATF'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.
03 Aug 2019
IndiaNITI Aayog CEO says 'too many reforms' behind economic slowdown
Recently, data compiled by the World Bank revealed that India slipped to the 7th spot in the global GDP rankings of 2018.
