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World Bank

VA Tech Wabag Wins Rs 800 Crore World Bank, AIIB Funded Project In Bangladesh

The Chennai-based company will design, build and operate a sewage treatment plant with a capacity of 200 million litre per day(MLD) in Dhaka

17 March 2023

Ajay Banga

Ajay Banga Will Be Transformative World Bank President: Kamala Harris

If confirmed by the World Bank Board of Directors, Banga would be the first-ever Indian-American and Sikh-American to head either of the two top international financial institutions: the International Monetary Fund and the...

24 February 2023

Biden Nominates Indian-American Ajay Banga For World Bank President

Biden Nominates Indian-American Ajay Banga For World Bank President

On Thursday, President Joe Biden announced that the US is nominating Indian-American business leader Ajay Banga to lead the World Bank.

23 February 2023

Representational Image

G20, IMF, World Bank Promote Imperialism: Farmers Stage Massive Protest In Amritsar During G20 Event

The protest march was launched by Bharatiya Kisan Union (Ekta Ugrahan) and Punjab Lok Morcha. The protest was held in Daburji area, 12 kilometres from the G20 Summit meeting venue.

16 March 2023

Ajay Banga

Ajay Banga: Who Is Indian-origin Businessman Nominated To Lead World Bank? 5 Points

Indian-origin Banga, 63, currently serves as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard, leading the company through a strategic, technological and cultural transformation. He was...

24 February 2023

US President Joe Biden Nominates Former Mastercard CEO Ajay Banga To Lead World Bank

Indian-origin Banga currently serves as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard

23 February 2023

World Bank

World Bank Commits $1 Billion To India For Public Healthcare Infrastructure

The COVID-19 pandemic brought to the fore the urgent need for pandemic preparedness and health system strengthening around the world and was a stark reminder that pandemic preparedness is a global public good,  said Auguste...

03 March 2023

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US President Joe Biden

Ajay Banga Nominated By Joe Biden For World Bank President

Former Mastercard CEO Ajay Banga has been nominated by US President Joe Biden to lead World Bank.

23 February 2023

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20 February 2023
Government Appoints B V R Subrahmanyam As Niti Aayog CEO, Parameswaran lyer Named World Bank ED

Government Appoints B V R Subrahmanyam As Niti Aayog CEO, Parameswaran lyer Named World Bank ED

The Appointments Committee of the Cabinet has approved Subrahmanyam appointment for a period of two years from the date of assumption of the charge of the post


07 February 2023
Indus Water Treaty: Is Water Going To Be Latest Frontier In India-Pakistan Tussle?

Indus Water Treaty: Is Water Going To Be Latest Frontier In India-Pakistan Tussle?

The Narendra Modi government’s decision to up the ante on Indus Waters Treaty is in line with its muscular foreign policy which is much appreciated by its...


07 February 2023
Himachal Prdaesh: World Bank Keen For Green Resilient Integrated Development Programme Of Rs. 2500 Crore

Himachal Prdaesh: World Bank Keen For Green Resilient Integrated Development Programme Of Rs. 2500 Crore

The visit of the team was going to be a landmark for the transformation of State towards Green Resilient Himachal, said the Chief Minister and highlighted the...


07 February 2023
IFC Appoints Riccardo Puliti As New Regional Vice President For Asia-Pacific

IFC Appoints Riccardo Puliti As New Regional Vice President For Asia-Pacific

Puliti will oversee the organisation's regional efforts in spurring private sector growth and identifying impactful collaborations for a green, resilient, and...


03 February 2023
Indus Waters Treaty: India Questions World Bank's Move, Says They Are Not In A Position To Interpret The Treaty

Indus Waters Treaty: India Questions World Bank's Move, Says They Are Not In A Position To Interpret The Treaty

Last week, India issued a notice to Pakistan seeking a review and modification of the 62-year-old Indus Waters Treaty (IWT) for management of cross-border...


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31 January 2023
IMF Upgrades Its Outlook For The Global Economy In 2023

IMF Upgrades Its Outlook For The Global Economy In 2023

The IMF, a 190-country lending organisation, foresees inflation easing this year, a result of aggressive interest rate hikes by the Federal Reserve and other...


30 January 2023
Bengaluru To Host First G20 Energy Transition Working Group Meeting Under India’s Presidency

Bengaluru To Host First G20 Energy Transition Working Group Meeting Under India’s Presidency

Senior government officials from the ministries concerned will also participate in the ETWG meeting


30 January 2023
World Bank: Myanmar Economy To Grow 3%, Dragged By Conflict

World Bank: Myanmar Economy To Grow 3%, Dragged By Conflict

The reversion to military control after nearly a decade of quasi-civilian rule provoked mass protests that spun into armed revolt, on top of decades-long...


29 January 2023
Bengaluru To Host 3-Day G20 Energy Transition Working Group Meet From Feb 5

Bengaluru To Host 3-Day G20 Energy Transition Working Group Meet From Feb 5

In Bengaluru, The first G20 Energy Transition Working Group (ETWG) meeting under India's presidency will be held from Feb 5 to 7. 


27 January 2023
Indus Water Treaty: India Seeks Modification From Pakistan; All You Need To Know

Indus Water Treaty: India Seeks Modification From Pakistan; All You Need To Know

India and Pakistan signed the treaty in 1960 after nine years of negotiations, with the World Bank being a signatory of the pact.


14 January 2023
Sri Lanka Concludes Debt Restructuring Talks With Japan: President Wickremesinghe

Sri Lanka Concludes Debt Restructuring Talks With Japan: President Wickremesinghe

The IMF bailout has been put on a halt as Sri Lanka pursues talks with creditors to meet the global lender’s condition for the facility


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11 January 2023
World Bank Sees India’s Growth Slowing To 6.6% Next Financial Year

World Bank Sees India’s Growth Slowing To 6.6% Next Financial Year

India however is expected to be the fastest growing economy of the seven largest emerging-market and developing economies (EMDEs), it said


10 January 2023
Global Economy “Perilously Close

Global Economy “Perilously Close" To Recession: World Bank 

If that forecast proves accurate, it would be the third-weakest annual expansion in three decades, behind only the deep recessions that resulted from the 2008...


06 January 2023
Taming Inflation Top Priority For South Asia, Says RBI Governor Shaktikanta Das

Taming Inflation Top Priority For South Asia, Says RBI Governor Shaktikanta Das

Speaking at an event organised by the International Monetary Fund (IMF), he said rising levels of debt, alongside sustained price pressures, pose risks to the...


23 December 2022
Meghalaya CM Inaugurates GIS & UAV Centre

Meghalaya CM Inaugurates GIS & UAV Centre

Meghalaya Chief Minister Conrad Sangma inaugurated a Geographic Information System (GIS) and Unmanned Aerial Vehicle (UAV) centre at the state secretariat.


21 December 2022
Indian Economy Likely To Grow At Over 7% In FY23: Arvind Panagariya

Indian Economy Likely To Grow At Over 7% In FY23: Arvind Panagariya

Panagariya further said recessionary fears have been around for a while but so far neither the US nor the EU has gone into recession


07 December 2022
India Could Soon Experience Heat Waves That Break Human Survivability Limit: World Bank Report

India Could Soon Experience Heat Waves That Break Human Survivability Limit: World Bank Report

The country is seeing greater temperatures that arrive sooner and linger longer, according to a World Bank report titled "Climate Investment Opportunities in...


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