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Ajay Banga as World Bank President adds to success stories of the Indian Americans: USISPF

Ajay Banga has been confirmed as the World Bank President, becoming the first-ever Indian-American …

PTI   


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3 mins read

World Bank cuts global growth estimate for 2023 over recession risks

In 2024, the global economy is projected to grow by 2.7 per cent, against the previous estimate …

ANI   


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Global economy dangerously close to a recession: World Bank

"We've lowered our 2023 growth forecast from 3 per cent to 1.9 per cent for the global growth, t…

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Then-Treasury Secretary Steven Mnuchin intervened to block Ivanka Trump's appointment to the World Bank: report

In April 2019, Ivanka Trump told the AP she passed on leading the World Bank, expressing that she w…

John L. Dorman   


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World Bank predicts "sharpest decline" of remittances due to COVID-19

Malpass said "the ongoing economic recession caused by COVID-19 is taking a severe toll on t…

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1 min read

Confident Ajay Banga will use corporate experience to meet World Bank goals: Nirmala Sitharaman

"Hearty congratulations Ajay Banga on being selected as the President of @WorldBank. I am confi…

PTI   


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World Bank warns a global recession looks inevitable as food and energy prices spiral

"It's hard right now to see how we avoid a recession," World Bank's David Malpass said, given the U…

George Glover   


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World Bank warns that higher fertilizer and energy costs pose a threat to harvests after global food prices soar by more than one-third

Rising prices are likely to exacerbate malnutrition and poverty rates, the bank's president warns.

Urooba Jamal   


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3 mins read

Recession 'will be hard to avoid' across most of the world, World Bank says

The World Bank lowered its 2022 growth forecast on Tuesday to 2.9%, down from the 4.1% estimate mad…

Ben Winck   


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Indian-American Ajay Banga sole nominee to lead World Bank

The World Bank has said that Indian-American Ajay Banga is the only candidate nominated for the Pre…

ANI   


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Russia's invasion is already hobbling the global economic recovery from the pandemic, World Bank says

The World Bank slashed its forecast for global growth in 2022 to 3.2% on Monday, forecasting a rebo…

Ben Winck   


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1 min read

World Bank slashes global growth forecast due to Russia's invasion of Ukraine and preps a relief package bigger than its COVID-19 funding

"Sixty percent of low-income countries are already in debt distress or at high risk of it," World B…

Phil Rosen   


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The US will enter a recession as soon as this year and the Fed can't stop food and energy inflation, hedge fund manager Kyle Bass says

"Clearly printing 40% more money than was in circulation in the first place was a little too much […

Phil Rosen   


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Global leaders are preparing for the next pandemic with commitments to a proposed new fund for prevention and response

Countries around the world were not prepared for the disruption caused by the COVID-19 pandemic, bu…

Julia Hood   


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Citi says oil should be around $70 as demand drops and recession looms

Citi cut oil demand expectations by 1.4 million barrels for this year as fears of a recession took …

Hamza Fareed Malik   


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2 mins read

World Bank approves $723 million for Ukraine amid Russian invasion

The World Bank announced that it has approved a $723 million financial package for Ukraine as the c…

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4 mins read

World Bank President says COVID-19 pandemic is causing the one of the deepest recessions since Great Depression

He told reporters that given the extent of the economic contraction, there was a rising risk of dis…

PTI   


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Why the biggest global boom since World War II won't be good for everyone, according to the World Bank

The global economy is set to grow 5.6% in 2021, but developing economies are falling behind due to …

Ben Winck   


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World's poorest countries witness 9.5% increase in external debts, says World Bank

The total external debt of the world's poorest countries increased by 9.5 per cent to a record $744…

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4 mins read

India ranks 116 in World Bank's human capital index

Washington, Sep 17 () India has been ranked at the 116th position in the latest edition of the Worl…

PTI