world bank

World Bank to support Bangladesh river project


September 21st, 2012 - 8:54 pm ICT by IANS
Dhaka, Sep 21 (IANS) The World Bank plans to restart negotiations on a $1.2 billion loan to Bangladesh for building a bridge over the Padma river.Friday's announcement comes after the ... Read more...

Posted in Business |

Himachal to propose ‘green budget’: Dhumal


September 11th, 2012 - 9:57 pm ICT by IANS
Shimla, Sep 11 (IANS) The Himachal Pradesh government would be proposing a 'green budget' in the next fiscal year, Chief Minister Prem Kumar Dhumal said here Tuesday."The 'green budget' would ... Read more...

Posted in Business |

Russia to lead on investment climate: Putin


September 7th, 2012 - 11:34 pm ICT by IANS
Moscow, Sep 7 (IANS/RIA Novosti) President Vladimir Putin said Friday that Russia would aim for a place among the world's top 20 countries on investment attractiveness.Speaking at the APEC summit ... Read more...

Posted in World |

World Bank gives Senegal $55 mn to tackle flood


August 26th, 2012 - 6:34 am ICT by IANS
Dakar, Aug 26 (IANS) The World Bank and Senegal have signed an agreement for $55 million which the west African nation will use to address the challenges arising from floods, ... Read more...

Posted in World |

Four years later, Kosi flood victims fight for survival


August 20th, 2012 - 1:33 pm ICT by IANS
Patna, Aug 20 (IANS) Four years after Bihar's Kosi region was ravaged by floods, an ambitious programme to rebuild a new-look Kosi region with World Bank help is yet to ... Read more...

Posted in Uncategorized |

UN, World Bank to jointly address global challenges


August 10th, 2012 - 12:53 pm ICT by IANS
United Nations, Aug 10 (IANS) The UN and the World Bank agreed Thursday to work more closely in addressing global challenges, including sustainable development, health and education.In his meeting with ... Read more...

Posted in Uncategorized |

Myanmar outlines monetary development master plan


August 3rd, 2012 - 2:18 pm ICT by IANS
Yangon, Aug 3 (IANS) Myanmar has outlined a master plan for monetary development which is to be implemented with the assistance of the World Bank, official media reported Friday.Under the ... Read more...

Posted in Uncategorized |

World Bank opens office in Myanmar


August 1st, 2012 - 8:18 pm ICT by IANS
Yangon, Aug 1 (IANS) The World Bank opened its first country office in Yangon's Inya Lake Hotel Wednesday while granting $85 million to support reforms in the country.Visiting World Bank ... Read more...

Posted in World |

$200 mn World Bank loan to Himachal for green development


July 27th, 2012 - 7:35 pm ICT by IANS
Shimla, July 27 (IANS) The World Bank has granted a $200 million (Rs.1,100 crore) loan to Himachal Pradesh to promote green initiatives and sustainable development in the state, an official ... Read more...

Posted in Environment |

Bangladesh urges World Bank to release funds for bridge


July 26th, 2012 - 7:28 pm ICT by IANS
Dhaka, July 26 (IANS) Bangladesh has urged the World Bank to release funds for a stalled 10-km bridge across the Padma river in the country, an official said Thursday.The government ... Read more...

Posted in Business |

80 percent of Bangladeshi farmers own mobiles


July 22nd, 2012 - 10:44 pm ICT by IANS
Dhaka, July 22 (IANS) Around 80 percent of farmers in Bangladesh now own mobile phones which they use to estimate the market demand for their crops, the World Bank has ... Read more...

Posted in South Asia |

450,000 Pakistani kids die of malnutrition annually


July 15th, 2012 - 11:58 am ICT by IANS
Islamabad, July 15 (IANS) Pakistani health experts have said an estimated 450,000 children die of malnutrition and other diseases every year in the country.Speaking during a two-day workshop, conducted by ... Read more...

Posted in Health |

IFC loans euro 10 million to Same DeutzFahr India


July 10th, 2012 - 11:55 pm ICT by IANS
Chennai, July 10 (IANS) The International Finance Corporation (IFC) Tuesday announced a loan of euro 10 million (Rs.680 million) to the Indian subsidiary of Italian tractor maker Same DeutzFahr ... Read more...

Posted in Business |

Abandoned pit: Gurgaon contractor gets notice


July 10th, 2012 - 12:40 am ICT by IANS
Gurgaon, July 9 (IANS) Power utility Dakshin Haryana Bijli Vitran Nigam Ltd. (DHBVN) has served a termination notice on the contractor in charge of the two constructions sites of the ... Read more...

Posted in Business |

World Bank offers Bihar $100 mn loan


July 9th, 2012 - 10:05 pm ICT by IANS
New Delhi, July 9 (IANS) The World Bank Monday offered a $100 million loan for a rural livelihood project in Bihar that is expected to benefit 1.5 million households.The project ... Read more...

Posted in Business |

Bangladesh to fund Padma bridge project


July 9th, 2012 - 7:10 pm ICT by IANS
Dhaka, July 9 (IANS) Bangladesh Monday decided to construct a $3 billion bridge over the Padma river with its own funds after the World Bank cancelled its loan to ... Read more...

Posted in South Asia |

Afghanistan faces existential threat from terror: India (Lead)


July 8th, 2012 - 3:58 pm ICT by IANS
Tokyo, July 8 (IANS) In a veiled reference to Pakistan, India Sunday said Afghanistan faces an "existential threat" from terror emanating from across its borders and urged the world to ... Read more...

Posted in South Asia |

India reminds world of cross-border terror faced by Kabul


July 8th, 2012 - 2:21 pm ICT by IANS
Tokyo, July 8 (IANS) In a veiled reference to Pakistan, India Sunday told the international community of the "existential threat" Afghanistan faces from terrorism emanating from across its borders.It also ... Read more...

Posted in World |

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 |

World Bank cancels credit for Bangladesh bridge project


June 30th, 2012 - 3:23 pm ICT by IANS
Dhaka, June 30 (IANS) World Bank has decided to cancel its $1.2 billion credit for Bangladesh's Padma Multipurpose Bridge project, said WB statement received here Saturday."In light of the inadequate ... Read more...

Posted in Business |

Over 20,000 ponds dug in Bengal in last one year


June 27th, 2012 - 12:49 am ICT by IANS
Kolkata, June 26 (IANS) Altogether 20,608 ponds have been dug in West Bengal over the past one year creating 1.25 crore man days of work under the Mahatma Gandhi National ... Read more...

Posted in Business |

Shakti Sinha is new DSIIDC CMD (With Image)


June 26th, 2012 - 4:14 pm ICT by IANS
New Delhi, June 26 (IANS) Shakti Sinha Tuesday assumed charge as chairman-cum-managing director of the Delhi State Industrial and Infrastructure Development Corp (DSIIDC) here.Sinha, an IAS officer of the 1979 ... Read more...

Posted in Business |

IFC invests $2.7 million in ATM maker Vortex Engineering


June 25th, 2012 - 8:50 pm ICT by IANS
Chennai, June 25 (IANS) The International Finance Corporation (IFC), a member of the World Bank Group, Monday announced it is investing $2.7 million as equity in the city-based low-cost ATM ... Read more...

Posted in Business |

World Bank to give $60 mn for bridges in Nepal


June 21st, 2012 - 5:55 pm ICT by IANS
Kathmandu, June 21 (IANS) Nepal will receive $60 million from the World Bank for construction, improvement and maintenance of bridges, the government said.The funding is being made through the bank's ... Read more...

Posted in South Asia |

Fraud uncovered in Chinese projects with foreign loans


June 19th, 2012 - 4:12 pm ICT by IANS
Beijing, June 19 (IANS) China has uncovered fraud worth 237 million yuan (around $37 million) in projects that used loans from foreign organisations, including the World Bank, Asian Development Bank, ... Read more...

Posted in World |

China to maintain 8 percent growth for over 20 years


June 19th, 2012 - 10:35 am ICT by IANS
Beijing, June 19 (IANS) China still enjoys a huge development potential and will maintain an eight percent growth rate for at least next 20 years, according to Justin Yifu Lin, ... Read more...

Posted in Uncategorized |

World Bank ups Russia GDP growth


June 13th, 2012 - 11:11 pm ICT by IANS
Moscow, June 13 (IANS) Russia's gross domestic product (GDP) will grow by 3.8 percent and 4.2 percent in 2012 and 2013 respectively, the World Bank said Wednesday.Both forecasts, carried in ... Read more...

Posted in Business |

China home appliance industry loses steam


June 11th, 2012 - 9:19 pm ICT by IANS
Beijing, June 11 (IANS) China's home appliance sales growth nearly came to a halt in May, stoking concerns about an economic downturn, a media report said Monday.Sales last month totalled ... Read more...

Posted in Business |

Dubai Municipality praised for competitiveness


June 11th, 2012 - 12:56 am ICT by IANS
Dubai, June 10 (IANS/WAM) The World Bank has rated the Dubai Municipality as the world's 12th best government organization in 2012 in terms of competitiveness, an official said Sunday.Khalid Mohammed ... Read more...

Posted in Business |

World Bank’s $152 for UP healthcare


June 6th, 2012 - 3:03 pm ICT by IANS
Lucknow, June 6 (IANS) The World Bank will give $152 million for the Uttar Pradesh Health Systems Strengthening Project, officials said.The ambitious project is meant to help improve the healthcare ... Read more...

Posted in Health |

World Bank to give $37 mn more for Himachal watershed project


May 20th, 2012 - 7:07 pm ICT by IANS
Shimla, May 20 (IANS) The World Bank has agreed in principle to provide additional funding of $37 million (Rs.231.25 crore) for a watershed project in Himachal Pradesh, Chief Minister Prem ... Read more...

Posted in Business |

World Bank urges countries to think green


May 10th, 2012 - 1:29 pm ICT by IANS
Washington, May 10 (IANS) The World Bank has urged countries to pursue green growth which can be inclusive, efficient, affordable and above all necessary to sustain economic expansion in years ... Read more...

Posted in Business |

Himachal government asked for report on road projects


May 8th, 2012 - 9:55 pm ICT by IANS
Shimla, May 8 (IANS) Miffed over the condition of roads in the state, the Himachal Pradesh High Court Tuesday directed the state government to submit a progress report by May ... Read more...

Posted in Business |

Remittances to India rose to $64 billion in 2011: World Bank


April 27th, 2012 - 8:42 pm ICT by IANS
New Delhi, April 27 (IANS) India remains the top recipient of money from diaspora as total remittance flow to the country is estimated to reach $64 billion in 2011, almost ... Read more...

Posted in Uncategorized |

World Bank to open office in Myanmar


April 27th, 2012 - 6:53 am ICT by IANS
Washington, April 27 (IANS) The World Bank will open an office in Myanmar in June, a bank official said Thursday."In early June, we will be opening an office in Myanmar, ... Read more...

Posted in Business |

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