international bank for reconstruction and development

World Bank allocates $52.6 bn of assistance in 2012


June 30th, 2012 - 4:14 pm ICT by IANS
Jakarta, June 30 (IANS) The World bank (WB) has allocated $52.6 billion of assistance fund for developing countries in the fiscal year of 2012, a statement released by it said ... Read more...

Posted in Business |

CII, World Bank Group ink pact to save tiger (With Images)


June 27th, 2012 - 12:41 pm ICT by IANS
Washington, June 27 (IANS) The Confederation of Indian Industry (CII) and the World Bank Group have agreed to establish the India Wildlife Business Council (IWBC) to promote tiger and biodiversity ... Read more...

Posted in Environment |

World Bank chief Zoellick in India Monday


March 25th, 2012 - 6:57 pm ICT by IANS
New Delhi, March 25 (IANS) World Bank Group President Robert B. Zoellick will begin his fourth official visit to India from Monday to take stock of the efforts to ... Read more...

Posted in Business |

Pakistan’s ‘ghost’ schools worry donors


October 30th, 2011 - 5:36 pm ICT by IANS
Islamabad, Oct 30 (IANS) The World Bank and the European Union have voiced concern over the existence of "ghost" and closed schools in Pakistan's Sindh province and absenteeism of teachers ... Read more...

Posted in World |

$250 mn World Bank credit for West Bengal farmers


October 4th, 2011 - 12:03 pm ICT by IANS
Washington, Oct 4 (IANS) The World Bank has approved a $250 million credit and loan to the West Bengal Accelerated Development of Minor Irrigation Project (ADMIP) for increasing agricultural production ... Read more...

Posted in Business |

World Bank issues first yaun bonds


January 5th, 2011 - 4:15 pm ICT by IANS
Hong Kong, Jan 5 (IANS) The World Bank has issued its first bonds in the yuan as China promotes the international use of its currency, also known as renminbi.The World Bank said ... Read more...

Posted in Business |

World Bank gives $45 million loan for improving highways


December 22nd, 2010 - 8:12 pm ICT by IANS
New Delhi, Dec 22 (IANS) The World Bank Wednesday extended to India $45 million technical assistance loan to help strengthen institutional capacity of its National Highways Authority (NHAI). The technical assistance loan ... Read more...

Posted in Business |

Sri Lanka no more underdeveloped country: World Bank


December 17th, 2010 - 8:47 pm ICT by IANS
Colombo, Dec 17 (IANS) Sri Lanka is no longer an underdeveloped country, having surpassed the per capita income of $2,000, a World Bank official said here Friday. Ngozi Okonjo-Iweala, managing director of ... Read more...

Posted in Business |

US denies linking investment ties to Bhopal disaster


August 19th, 2010 - 8:35 pm ICT by IANS
By Arun Kumar Washington, Aug 19 (IANS) The United States has denied reports that it was trying to link the Bhopal gas tragedy with India-US investment ties by suggesting a "lot of noise" ... Read more...

Posted in World |

India signs two loan agreements with World Bank worth $407 mn


July 9th, 2010 - 7:44 pm ICT by IANS
New Delhi, July 9 (IANS) India Friday signed two loan agreements worth $407 million with the World Bank for the development of micro-finance initiatives and a more accurate statistical information system. A ... Read more...

Posted in Business |

India, China’s voting power increased in World Bank’s IBRD


April 26th, 2010 - 8:08 pm ICT by ANI
New Delhi, Apr 26 (ANI): The voting power of developing countries will be increased in the International Bank for Reconstruction and Development (IBRD) by 3.13 percentage points to 47.19 percent after the ... Read more...

Posted in World |

World Bank loan for improving Tamil Nadu roads


March 31st, 2010 - 10:49 am ICT by IANS
Washington, March 31 (IANS) The World Bank has approved a $50.7 million loan to India for improving quality and sustainability of the road network in Tamil Nadu. Through this, 1,380 km of ... Read more...

Posted in Business |

Expert group supports World Bank governance reform


October 22nd, 2009 - 10:45 am ICT by IANS
By Arun Kumar Washington, Oct 22 (IANS) An expert group that included India has suggested a number of steps to reform the World Bank Group's governance while commending the Bank for expanding initiatives ... Read more...

Posted in Business |

World Bank gives $320 million loan for better roads in Andhra


October 16th, 2009 - 10:12 am ICT by IANS
Washington, Oct 16 (IANS) The World Bank has approved a $320 million loan to India, designed to improve quality, capacity and safety of roads in the state of Andhra Pradesh. The loan from ... Read more...

Posted in Business |

World Bank to lend $330 mn to Haryana


August 17th, 2009 - 9:44 pm ICT by IANS
New Delhi, Aug 17 (IANS) The World Bank Monday said it will give a loan of $330 million to Haryana to strengthen the power transmission and distribution system in the state. ... Read more...

Posted in Business |

World Bank directs $6.6 bn to South Asia; $400 mn to India


July 3rd, 2009 - 1:32 pm ICT by IANS
Washington, July 3 (IANS) The World Bank Group committed US$6.6 billion in fiscal year ended June 30 to South Asia, where India is the largest borrower, much of it focused ... Read more...

Posted in Business |

Know your prime minister


May 21st, 2009 - 4:47 pm ICT by IANS
New Delhi, May 21 (IANS) Following is the personal profile of Manmohan Singh, who will Friday be sworn in as prime minister for the second consecutive term: Born ... Read more...

Posted in Politics |

$400-mn World Bank loan for India’s small, medium enterprises


May 1st, 2009 - 2:11 pm ICT by IANS
Washington, May 1 (IANS) The World Bank has approved a $400 million additional financing loan to the Small Industries Development Bank of India (SIDBI), designed to improve access to finance for small ... Read more...

Posted in Business |

World Bank strategy for India can improve support for infrastructure and poor States


December 13th, 2008 - 11:39 am ICT by ANI
Washington, Dec.13 (ANI): The World Bank Group is preparing to help India to speed up its infrastructure development projects and provide support to its seven poorest States in offering better living ... Read more...

Posted in World |

$500 mn World Bank loan for India’s Power Grid Corporation


October 22nd, 2008 - 10:12 am ICT by IANS
Washington, Oct 22 (IANS) The World Bank has approved a $400 million loan to the Power Grid Corporation of India, designed to increase reliable power exchange between regions and states. Power Grid ... Read more...

Posted in Uncategorized |

India demands much greater voice for developing nations in World Bank


October 14th, 2008 - 10:07 am ICT by IANS
Washington, Oct 14 (IANS) India has demanded "substantial and effective enhancement" of the voice of developing and transition countries (DTCs) in the World Bank Group, saying a proposal approved by global financial ... Read more...

Posted in Uncategorized |

IFC to invest Rs.550 mn in Delhi hospital


August 4th, 2008 - 8:59 pm ICT by IANS
New Delhi, Aug 4 (IANS) The Washington-based International Financial Corp (IFC), a member of the World Bank group, announced Monday that it will invest Rs.550 million ($13.1 million) in a Delhi hospital ... Read more...

Posted in Health Science |

Powergrid to get $600 mn from World Bank


March 31st, 2008 - 8:04 pm ICT by admin
Mumbai, March 31 (IANS) The Power Grid Corp of India Ltd (Powergrid) signed a loan agreement with the World Bank (WB) for $600 million March 28, the firm announced Monday. Powergrid chairman ... Read more...

Posted in Business |

World Bank approves $600 mn for India’s power systems


March 19th, 2008 - 11:42 am ICT by admin
By Arun Kumar Washington, March 19 (IANS) The World Bank has approved a US$600 million loan to the Power Grid Corporation of India to strengthen the country's electricity transmission system and increase reliable ... Read more...

Posted in Business |

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