Amid emerging reports of China possibly not backing the candidature of Indian-American business leader Ajay Banga for the position of World Bank’s President, the native Indian is visiting the country on a two-day tour. During the visit he will meet Prime Minister
The world’s coastal population is a significant contributor to the global economy, currently estimated at $1.5 trillion a year and expected to exceed $3 trillion by 2030. Healthy ocean ecosystems, coastal livelihoods and economic growth require targeted support for key sectors of
Despite some encouraging signals, the pace and scale of forced displacement around the world are still outweighing the measures implemented to resolve refugee crises, UNHCR said, noting that the number of uprooted people had increased by 8 percent compared to the previous
Under Centre’s flagship groundwater programme, Atal Bhujal Yojana, over 2,200 villages have drawn up water budgets that show how much groundwater is available, how much is estimated to be recharged, and how much can be set aside for agriculture—the most prominent use
The World Bank’s board on Tuesday approved $1.49 billion in additional funding for Ukraine to help pay government and social workers, bringing the bank’s pledged total support to more than 4 billion. The latest funding is backed by secured funding from the
The Minister of Foreign Affairs of Sri Lanka announced that the World Bank would disburse approximately $700 million to Sri Lanka in the coming months. This pledge was made when the World Bank’s Country Manager in Colombo, Chiyo Kanda spoke to Sri
At least 200 million people in India live in extreme poverty and are facing dangerous levels of air pollution. This is according to a recent study by World Bank experts. The study also estimates that 47% of the country’s 2.8 billion people
US Treasury Secretary Janet Yellen called for major reforms at the World Bank on Thursday, saying the seven-decade-old multilateral development bank was not designed to deal with multiple global crises like climate change. According to the news agency Reuters, Yellen told the
The year-long farmers’ agitation against the central government’s three farm laws has, to some extent, drawn the country’s attention towards the plight of tillers and the existing lacunae in the agriculture sector. Protests and demonstrations have taken place earlier too, but this
The Government of India, the Government of West Bengal and the World Bank signed a $125 million IBRD loan to support efforts to help poor and vulnerable groups access social protection services in West Bengal. West Bengal has more than 400 programmes,
