World Bank must help tackle global growth risks: New chief
July 3rd, 2012 - 1:41 pm ICT by IANS
Washington, July 3 (IANS) The World Bank has an economic and moral imperative to help address risks to global growth, no matter where they emerge, new World Bank group president ... Read more...
Posted in Business |
World Bank wants effective social safety nets
April 19th, 2012 - 2:09 pm ICT by IANS
Washington, April 19 (IANS) Three out of five people in developing countries lack effective social safety net coverage as they struggle to forge ahead through global financial volatility and food ... Read more...
Posted in Business |
World Bank chooses U.S. candidate Jim Yong Kim as new president
April 18th, 2012 - 8:20 pm ICT by BNO News
WASHINGTON, D.C. (BNO NEWS) -- U.S. candidate Jim Yong Kim has been chosen as the World Bank's next president, succeeding American Robert Zoellick who has served in the position at the 187-member ... Read more...
Posted in Business |
Market-based growth is new World Bank chief’s focus
April 17th, 2012 - 12:26 pm ICT by IANS
London, April 17 (IANS) Market-based growth is a priority for every country, World Bank's new president Jim Yong Kim has said.Kim told BBC that capitalist "market-based growth is a ... Read more...
Posted in World |
Jim Yong Kim is new World Bank president
April 17th, 2012 - 12:29 am ICT by IANS
Washington, April 16 (IANS) The World Bank announced Monday that Jim Yong Kim, the US candidate, has been selected as the bank's new president.Kim was favoured over Nigerian Finance Minister ... Read more...
Posted in World |
Nitish demands high-level probe into World Bank allegations
April 3rd, 2012 - 11:08 pm ICT by IANS
Patna ,April 3 (IANS) Bihar Chief Minister Nitish Kumar Tuesday demanded a high level probe into World Bank report highlighting corruption and fraud in national highway projects funded by the ... Read more...
Posted in Politics |
World Bank chief should be selected on merit: BRICS
March 29th, 2012 - 8:29 pm ICT by IANS
New Delhi, March 29 (IANS) The five-nation BRICS group of emerging economies, representing almost 43 percent of the world's population, Thursday welcomed the candidatures of developing countries for the ... Read more...
Posted in World |
India says no BRICS candidate for World Bank
March 26th, 2012 - 9:03 pm ICT by IANS
New Delhi, March 26 (IANS) India Monday said the BRICS forum of emerging countries have no plans to field or rally behind a common candidate to head the World Bank, ... Read more...
Posted in Business |
US monopoly on World Bank presidency challenged (Lead)
March 24th, 2012 - 3:21 pm ICT by IANS
Washington, March 24 (IANS) The US Friday named Jim Yong Kim as its candidate to lead the World Bank (WB), but he faces a challenge from two non-Americans - ... Read more...
Posted in World |
Profiles of candidates for World Bank president
March 24th, 2012 - 1:11 pm ICT by IANS
Washington, March 24 (IANS) The World Bank announced here Friday that Jim Yong Kim from the US, Nigeria's Ngozi Okonjo-Iweala and Colombia's Jose Antonio Ocampo are the three candidates for ... Read more...
Posted in World |
Three candidates vie for World Bank presidency
March 24th, 2012 - 1:01 pm ICT by IANS
Washington, March 24 (IANS) The World Bank announced Friday that Jim Yong Kim from the US, together with Nigeria's Ngozi Okonjo-Iweala and Colombia's Jose Antonio Ocampo are three candidates for ... Read more...
Posted in World |
Obama nominates Jim Yong Kim to head World Bank
March 24th, 2012 - 1:04 am ICT by IANS
Washington, March 23 (IANs) US President Barack Obama Friday nominated South Korean-born physician Jim Yong Kim to head the World Bank.Obama said Kim, president of Dartmouth College, has the development ... Read more...
Posted in Politics |
Hillary Clinton has no plans to head World Bank
February 16th, 2012 - 1:27 pm ICT by IANS
Washington, Feb 16 (IANS/RIA Novosti) US Secretary of State Hillary Clinton has no intention to head the World Bank after its current President Robert Zoellick resigns, Department of State ... Read more...
Posted in Politics |
World Economic Forum to open in Davos Wednesday
January 25th, 2012 - 7:41 am ICT by IANS
Moscow/Davos, Jan 25 (IANS/RIA Novosti) The annual World Economic Forum is set to open in the Swiss ski resort town of Davos Wednesday.Some 2,600 decision-makers from about 100 countries and ... Read more...
Posted in Business |
Gender equality is smart economics: World Bank
September 19th, 2011 - 1:20 pm ICT by IANS
Washington, Sep 19 (IANS) Gender equality is smart economics as countries which create better opportunities and conditions for women can raise productivity and improve outcomes for children, the World Bank ... Read more...
Posted in Business |
Rising food prices pose global threat: World Bank president
April 17th, 2011 - 12:35 pm ICT by ANI
Washington, Apr. 17 (ANI): World Bank president Robert Zoellick has warned that rising food prices have pushed the world's poor countries to "one shock away from a full-blown crisis."He said skyrocketing food ... Read more...
Posted in World |
High prices of food, fuel threatening the poor: World Bank
April 14th, 2011 - 10:00 pm ICT by IANS
Washington, April 14 (IANS) Volatile food and fuel prices are threatening the world's poor, World Bank President Robert Zoellick said Thursday.Time should not be wasted in taking measures to tackle ... Read more...
Posted in World |
India seeks World Bank loan for road expansion
November 11th, 2010 - 5:02 pm ICT by IANS
New Delhi, Nov 11 (IANS) India has requested the World Bank to provide $2.96 billion loan for expansion of 3,770 km roads.Road Transport and Highways Minister Kamal Nath held discussions with ... Read more...
Posted in Business |
Countries plan to restore tiger population
October 22nd, 2010 - 8:29 pm ICT by IANS
New Delhi, Oct 22 (IANS) Concerned over the dwindling tiger population, the 13 tiger range countries (TRC) here Friday finalised an ambitious global programme for restoring wild tiger population.The Global Tiger Recovery ... Read more...
Posted in Environment |
World Bank links Pak flood aid to responsible and transparent end use
September 20th, 2010 - 4:36 pm ICT by ANI
New York, Sep 20(ANI): The World Bank and the United States have urged Pakistan to take steps to reassure donor countries that it is capable of using their flood aid responsibly and ... Read more...
Posted in South Asia |
World Bank raises aid for flood-hit Pak to one billion dollars
September 2nd, 2010 - 5:31 pm ICT by ANI
Washington, Sep 2(ANI): The World Bank has raised its emergency funding to Pakistan to one billion dollars to help the country cope with the unprecedented disaster caused by the floods.World Bank President ... Read more...
Posted in World |
World Bank increases Pakistan flood support to $1 bn
September 2nd, 2010 - 9:08 am ICT by IANS
Washington, Sep 2 (DPA) The World Bank said Wednesday it was raising its support for flood relief in Pakistan to $1 billion, from $900 million.
The announcement came after a meeting ... Read more...
Posted in South Asia |
World Bank cancels Haiti’s $36 million debt
May 28th, 2010 - 11:11 pm ICT by BNO News
WASHINGTON D.C. (BNO NEWS) – The remaining $36 million of debt owed by Haiti to the International Development Association (IDA), the Bank's fund for the poorest countries, has been canceled on Friday, ... 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 gets more money, developing nations more say
April 26th, 2010 - 8:16 am ICT by IANS
Washington, April 26 (DPA) Governments Sunday approved nearly $90 billion in extra money for the World Bank and shifted the balance of voting shares in the institution slightly toward developing countries.
Developing countries ... Read more...
Posted in Business |
World Bank, US, Gates launch fund to tackle hunger
April 22nd, 2010 - 11:03 pm ICT by IANS
Washington, April 22 (DPA) The World Bank, United States, Bill Gates and others Thursday launched a billion-dollar fund for small farmers in the developing world to help reduce hunger.
With more than 1 ... Read more...
Posted in Business |
World Bank provides $100 mn for Haiti emergency
January 14th, 2010 - 7:26 am ICT by IANS
Washington, Jan 14 (DPA) The World Bank is providing $100 million in emergency money for Haiti's recovery and reconstruction after a fierce quake devastated the capital city, the bank said Wednesday.
Tuesday's magnitude-7 ... Read more...
Posted in World |
India could be Africa’s rail partner: World Bank
December 7th, 2009 - 6:46 pm ICT by IANS
London, Dec 7 (IANS) Indian Railways, one of the world's largest rail networks, could be expanded to develop transport infrastructure in Africa and other developing regions under an ambitious World Bank plan, ... Read more...
Posted in Business |
World Bank predicts Indian economy could grow by 8-9 pc in two years
December 4th, 2009 - 7:03 pm ICT by ANI
New Delhi, Dec. 4 (ANI): India could return to a higher growth trajectory of 8-9 percent in two years, but it needs to invest more in infrastructure for sustaining such growth, World ... Read more...
Posted in World |
India to grow 8-9 percent in next two years: World Bank
December 4th, 2009 - 5:37 pm ICT by IANS
New Delhi, Dec 4 (IANS) India's growth rate over the next couple of years will be 8-9 percent, World Bank president Robert Zoellick said here Friday.
"India's growth rates could over the ... Read more...
Posted in Business |
Yuan as new global currency? It can bode well for India (Comment)
November 15th, 2009 - 2:56 pm ICT by IANS
By Sushma Ramachandran
The fact that World Bank President Robert Zoellick has said that China's yuan may become the global reserve currency over the next 15 years assumes significance not just for the ... Read more...
Posted in Business |
China’s yuan can be alternative reserve currency in 15 years
November 12th, 2009 - 6:56 am ICT by IANS
Singapore, Nov 12 (IANS) World Bank President Robert Zoellick has said in 15 years the Chinese yuan can become an alternative to US dollar as a global reserve currency, with China's fast ... Read more...
Posted in Business |
World Bank president sees risks for global economy in 2010
November 11th, 2009 - 3:04 pm ICT by IANS
Singapore, Nov 11 (DPA) World Bank president Robert Zoellick Wednesday said he was comfortable about the prospects for the world economy in 2009, but advised governments not to remove their stimulus packages ... Read more...
Posted in Business |
World Bank president praises Asia’s attitude in global crisis
November 10th, 2009 - 2:50 pm ICT by IANS
Singapore, Nov 10 (DPA) World Bank President Robert Zoellick Tuesday praised Asia's positive attitude in overcoming the global recession, saying that one critical outcome of the crisis was how Asia and ... Read more...
Posted in Business |
Developing countries need money to weather 2010: World Bank chief
October 2nd, 2009 - 3:29 pm ICT by IANS
Istanbul, Oct 2 (DPA) Developing nations will need outside support to help them boost domestic demand as the world begins an uncertain recovery from a devastating economic crisis, World Bank President Robert ... Read more...
Posted in Business |