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Urgent need to address $4 trillion financing gap to accelerate progress on SDGs, notes FM
Observing that the global South is affected by global uncertainties, she said one in four developin…
PTI
India may take 75 years to reach one-quarter of US income per capita, says World Bank report
Drawing on lessons of the past 50 years, the report finds that as countries grow wealthier, they us…
PTI
I moved back to the US after 25 years in the UK. People abroad were more polite than Americans, but I never quite fit in there.
She moved back to the US after 25 years in the UK. Now, she cringes when Americans demand a free me…
Dana Mayer
World Bank approves USD 1.5 billion to support India's low-carbon energy sector
This second financing stimulus will support green reforms to boost the production of green hydrogen…
ANI
World Bank raises GDP projection, says India to keep its fastest-growing economy tag
The World Bank has upwardly revised India's GDP growth forecast for the current financial year 2024…
ANI
Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'
Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and const…
Huileng Tan
India could emerge as an economic superpower amid dull global economic landscape
IMF, World Bank and prominent rating agencies have predicted further slow-down in global growth thi…
ANI
Goa partners with World Bank to tackle sea level rise, coastal erosion and other climate change-related hazards
Studies have shown that about 80% of the Goan population lives in low-lying coastal areas, making i…
High inflation could be here to stay as commodity prices spike again after a 2-year decline, World Bank says
"Global inflation remains undefeated," said Indermit Gill, the World Bank's senior president, addin…
Yuheng Zhan
India tops global remittance charts at $125 billion in 2023: World Bank report
According to the World Bank, the report highlights India's significant position as the top remittan…
ANI
Global economy braces for slowest growth in three decades, World Bank report warns
The global economy is hurtling towards its weakest half-decade performance in 30 years, according t…
ANI
Giving Russian reserves to Ukraine would be 'elegant justice,' former World Bank chief says
"If countries believe that they cannot conquer and annex their neighbors without losing access to t…
Filip De Mott
IMF MD spells out policy priorities for shock-prone world
In a world marked by severe shocks, slow growth, and economic fragmentation, IMF Managing Director …
ANI
World Bank pegs India's FY24 GDP growth at 6.3% as global headwinds emerge
The World Bank has forecast India's GDP growth for 2023-24 to be at 6.3% as global headwinds are em…
World Bank praises India's digital infrastructure for its transformative potential
"The India stack exemplifies this approach, combining digital ID, interoperable payments, a dig…
PTI
CHART OF THE DAY: There will be 152 rate cuts next year from central banks around the world, Bank of America says
That level of policy easing would mark the highest pace of rate cuts since the onset of the pandemi…
Matthew Fox
Crude oil prices could soar 76% if the Israel-Hamas war morphs into a regional conflict, the World Bank says
In a worst-case scenario, crude oil prices could climb as high as $157 per barrel, the World Bank w…
Filip De Mott
India concerned about global economic outlook, says Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman said that despite this year's projected growth rate of ov…
How Covid helped Singapore leap ahead of other cities
For many cities, the COVID-19 pandemic is now in the rear-view mirror. There are still some outbrea…
ANI
Cold air, hot waters: AC usage among Indians to spike fourfold by 2050, generate massive amount of emissions
While air conditioning would undoubtedly protect more people from exposure to extreme heat by up t…