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World Bank introduces innovative $100 million plastic waste reduction-linked bond to tackle plastic pollution

World Bank introduces innovative $100 million plastic waste reduction-linked bond to tackle plastic pollution

Thu, Jan 25, 2024

Citi served as the Lead Manager for this pioneering outcome bond, mobilizing private capital to support projects with positive climate and development impacts.

World Bank raises GBP 1.5 billion in 5-year sustainable development bond

World Bank raises GBP 1.5 billion in 5-year sustainable development bond

Fri, Jan 05, 2024

Jorge Familiar, Vice President and Treasurer of the World Bank, expressed satisfaction with the strong start to the new year. Familiar emphasized the diverse range of currencies and tenors in bonds supporting the World Bank's sustainable development mandate.

SBI signs $165 million LoC with World Bank for rooftop solar projects

SBI signs $165 million LoC with World Bank for rooftop solar projects

Fri, Dec 22, 2023

The LoC is for supporting grid-connected rooftop Solar PV Projects in residential and institutional sectors, SBI said in a regulatory filing.

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World Bank approves $300 million loan to improve quality education in Chhattisgarh

World Bank approves $300 million loan to improve quality education in Chhattisgarh

Tue, Jun 27, 2023

The World Bank has approved a loan worth USD 300 million to help expand and improve the quality of education in government-run schools in Chhattisgarh.

World Bank approves USD 391 million for Assam, Tripura to boost healthcare, economic opportunities

World Bank approves USD 391 million for Assam, Tripura to boost healthcare, economic opportunities

Tue, Jun 27, 2023

Assam has made strides in increasing access to essential healthcare services, with 87 per cent of women giving birth in a facility today compared to just 24 per cent in 2005.

USAID Administrator Samantha Power meets World Bank President Ajay Banga; discusses climate finance, financial support to Ukraine

USAID Administrator Samantha Power meets World Bank President Ajay Banga; discusses climate finance, financial support to Ukraine

Thu, Jun 08, 2023

USAID Administrator Samantha Power has met World Bank President Ajay Banga and discussed a slew of crucial matters, including climate finance, debt sustainability and economic support to Ukraine, according to an official statement.

World Bank cuts 2024 global growth forecast as rate hikes bite but lifts 2023 outlook

World Bank cuts 2024 global growth forecast as rate hikes bite but lifts 2023 outlook

Wed, Jun 07, 2023

World Bank global growth forecast 2023: The World Bank on Tuesday raised its 2023 global growth outlook as the U.S., China and other major economies have proven more resilient than forecast, but said higher interest rates and tighter credit will take a bigger toll on next year's results.

World Bank offers dim outlook for global economy; has slightly better outlook for Indian economy

World Bank offers dim outlook for global economy; has slightly better outlook for Indian economy

Tue, Jun 06, 2023

The World Bank in its outlook today (June 6) said that even though the global economy is likely to fall sharply this year, the Indian economy is likely to be slightly better and would dip to still-strong 6.3% from 7.2% last year.

World Bank President Banga meets VP Kamala Harris

World Bank President Banga meets VP Kamala Harris

Tue, Jun 06, 2023

The World Bank's newly-appointed President Ajay Banga has met Vice President Kamala Harris during which they talked about developing and implementing an action plan to raise the level of ambition in mobilising private investment.

World Bank expects UAE's non-oil economy to grow by 4.8 pc in 2023

World Bank expects UAE's non-oil economy to grow by 4.8 pc in 2023

Wed, May 17, 2023

In a press conference held today in Dubai to announce the new World Bank Gulf Economic Update (GEU) titled, "The Health and Economic Burden of Non-Communicable Diseases in the GCC", the bank officials said that the current account balance in the UAE is expected to rise to 11.7 per cent in 2023

Sri Lanka to seek $200 million from World Bank for social security programs

Sri Lanka to seek $200 million from World Bank for social security programs

Tue, May 09, 2023

Sri Lanka`s cabinet of ministers approved a proposal to start discussions with the World Bank to obtain $200 million for social security programs, a spokesperson said on Tuesday.

Indian-American Ajay Banga appointed World Bank president

Indian-American Ajay Banga appointed World Bank president

Wed, May 03, 2023

"The Executive Directors of the World Bank today selected Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement.

India's GDP growth to slow down in FY24: World Bank report

India's GDP growth to slow down in FY24: World Bank report

Tue, Apr 04, 2023

India’s GDP growth is likely to moderate to 6.3% in FY24 due to shrinkage in consumption on the back of slower income, said a World Bank report, issued on April 4

World Bank cuts India's growth forecast to 6.3% in FY24

World Bank cuts India's growth forecast to 6.3% in FY24

Tue, Apr 04, 2023

Growth is likely to be constrained by slower consumption growth and challenging external conditions, the World Bank said in its India Development Update.

World Bank says recoveries in Asian economies losing steam

World Bank says recoveries in Asian economies losing steam

Fri, Mar 31, 2023

Demand for exports from the region has slowed as the Federal Reserve and other central banks have targeted inflation by hiking interest rates, making it more costly to buy on credit or get mortgages.

Who is Ajay Banga, the Indian-American nominated by US President Joe Biden to lead World Bank?

Who is Ajay Banga, the Indian-American nominated by US President Joe Biden to lead World Bank?

Fri, Feb 24, 2023

According to the White House, Banga has extensive experience leading successful organisations in developing countries and forging public-private partnerships to address financial inclusion and climate change.

Who is Ajay Banga? Meet the Indian-American nominated to lead World Bank

Who is Ajay Banga? Meet the Indian-American nominated to lead World Bank

Fri, Feb 24, 2023

According to the White House, Banga has extensive experience leading successful organisations in developing countries and forging public-private partnerships to address financial inclusion and climate change.

Editor's Take: Who Is Ajay Banga, The First Indian-American Nominated To Lead World Bank?

Editor's Take: Who Is Ajay Banga, The First Indian-American Nominated To Lead World Bank?

Fri, Feb 24, 2023

Former chief executive officer (CEO) of Mastercard Ajay Banga has been nominated by United States to lead the World Bank, President Joe Biden announced on Thursday. Who is Ajay Banga? Know in this video.

World Bank Global Economy Report 2023: 2 recessions in 1 decade! World Bank cuts 2023 forecasts- nil growth in eurozone

World Bank Global Economy Report 2023: 2 recessions in 1 decade! World Bank cuts 2023 forecasts- nil growth in eurozone

Wed, Jan 11, 2023

The world’s factory– China’s growth is now projected at 4.3% in 2023, 0.9 percentage point below previous forecast by the World Bank

World Bank sees India growth slowing to 6.6% next fiscal

World Bank sees India growth slowing to 6.6% next fiscal

Wed, Jan 11, 2023

The growth rate of 6.9 per cent in current fiscal year (April 2022 to March 2023) compares with 8.7 per cent in the previous year. For 2024-25, the growth rate is projected at 6.1 per cent.

For first time in 80 years! World Bank says global economy staring at two recessions in same decade - what should you know?

For first time in 80 years! World Bank says global economy staring at two recessions in same decade - what should you know?

Tue, Jan 10, 2023

In 2023, euro-area growth is expected at zero per cent -- a downward revision of 1.9 percentage points. In China, growth is projected at 4.3 per cent in 2023, 0.9 percentage point below previous forecasts.

Govt to release first advance economic growth estimates for FY23 today

Govt to release first advance economic growth estimates for FY23 today

Fri, Jan 06, 2023

The first advance estimates of national income for 2022-23 is significant because the data is used for preparing the Budget of the central government for next financial year of 2023-24.

India 360: Inflation Cools In October; Will RBI's Stance Soften? Watch This Special Report | RBI Monetary Policy Tomorrow

India 360: Inflation Cools In October; Will RBI's Stance Soften? Watch This Special Report | RBI Monetary Policy Tomorrow

Tue, Dec 06, 2022

India's retail inflation eased to 3-month low of 6.77% in October, which is down from 5-month high of 7.41% in September. With this, the prices of vegetables decreased by 20 to 50%. On the other hand, The World Bank has increased India's GDP growth forecast for the current financial year 2022-23 to 6.9%. With this, RBI will announce monetary policy tomorrow. Will RBI's stance soften? Watch this special report on India 360.

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