world bank group

Kaushik Basu named World Bank chief economist


September 6th, 2012 - 12:24 pm ICT by IANS
Washington, Sep 6 (IANS) Kaushik Basu, who till recently served as chief economic adviser in the Indian finance ministry, has been appointed as new chief economist and senior vice president ... Read more...

Posted in Business |

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 |

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 |

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 |

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 |

Indian’s ‘Smart Rickshaw’ mobile app wins innovation prize


May 18th, 2012 - 7:31 pm ICT by IANS
Washington, May 18 (IANS) India's Aadhar Bhalinge has won "m2Work", a World Bank-sponsored online challenge seeking the best ideas for spurring the job-creation potential of mobile phones. Bhalinge convinced the ... Read more...

Posted in Sci-Tech |

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 |

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 |

Complete market economy transition: World Bank tells China


February 27th, 2012 - 1:34 pm ICT by IANS
Beijing, Feb 27 (IANS) China should complete its transition to a market economy in order to achieve its goal of becoming a high-income society, according to a report jointly issued ... Read more...

Posted in Business |

World bank approves new financing instrument


January 25th, 2012 - 2:34 pm ICT by IANS
Washington, Jan 25 (IANS) The World Bank said Tuesday it has approved an innovative new financing instrument for its client countries that links the disbursement of funds directly to the ... Read more...

Posted in Business |

Over two lakh poor women workers to get stoves, lanterns


November 19th, 2011 - 10:28 pm ICT by IANS
New Delhi, Nov 19 (IANS) The International Finance Corp (IFC) will provide energy-efficient cooking stoves and solar lanterns to over two lakh women in Rajasthan and Gujarat. A member of ... Read more...

Posted in Business |

India ranked 132 in ease of doing business: Report


October 20th, 2011 - 11:25 pm ICT by IANS
New Delhi, Oct 20 (IANS) India ranks 132 out of 183 countries in terms of the domestic regulatory environment for doing business, according to a World Bank and International Finance ... Read more...

Posted in Business |

Pranab-Manmohan meeting ends


September 25th, 2011 - 11:40 pm ICT by IANS
New York, Sep 25 (IANS) A meeting between Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee on the 2G spectrum issue in the wake of a finance ministry ... Read more...

Posted in Politics |

2G controversy: Pranab meets PM


September 25th, 2011 - 10:30 pm ICT by IANS
New York, Sep 25 (IANS) The meeting between Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee on the 2G spectrum issue in the wake of a finance ministry ... Read more...

Posted in Politics |

World Bank, IMF pledge support for global growth


September 25th, 2011 - 7:18 am ICT by IANS
Washington, Sep 25 (IANS) The Development Committee of the World Bank Group (WBG) and International Monetary Fund (IMF) said Saturday that the two institutions will do everything within their means ... Read more...

Posted in World |

Three major challenges blocking world’s sustained development: WB official


April 17th, 2011 - 3:33 pm ICT by ANI
Washington, Apr.17 (ANI): Food, financial and economic crisis, climate and environment, are the three big issues that could derail the world's sustained development, former vice president of the World Bank Vinod Thomas ... Read more...

Posted in World |

India wants World Bank to raise lending limits


April 17th, 2011 - 10:21 am ICT by IANS
Washington, April 17 (IANS) India has asked the World Bank to take measures to enhance the lending limits which are constraining the ability of India and other developing countries to ... Read more...

Posted in Business |

Hindus ask for urgent solution to rising world food prices


April 15th, 2011 - 3:11 pm ICT by ANI
Nevada (US), April 15 (ANI): Hindus have expressed serious concerns at the recent historic rise in global food prices.Distinguished Hindu statesman Rajan Zed, in a statement in Nevada (USA) today, said that ... Read more...

Posted in World |

India’s growth helping global economy: World Bank chief


January 9th, 2011 - 4:11 pm ICT by IANS
New Delhi, Jan 9 (IANS) India's fast-paced growth is helping the global economy come out of the crisis and its status as a rising financial power is closely connected with its ... Read more...

Posted in Business |

World Bank helps Meghalaya set up hospital


November 2nd, 2010 - 5:36 pm ICT by IANS
New Delhi, Nov 2 (IANS) For addressing the shortage of medical staff and improving health services, the World Bank is supporting Meghalaya in India's northeast to establish its first public-private partnership for ... Read more...

Posted in Health |

Pranab cautions the world on ‘fragile’ global economic recovery


October 10th, 2010 - 7:18 pm ICT by ANI
Washington, Oct.10 (ANI): The Union Finance Minister, Pranab Mukherjee, has stated that the global economic recovery is fragile and cautioned that emerging economies may not remain as resilient in the wake ... Read more...

Posted in World |

India’s Jain Irrigation gets IFC award


October 9th, 2010 - 12:44 pm ICT by IANS
Washington, Oct 9 (IANS) India's Jain Irrigation Systems Limited has been honoured with the annual IFC Client Leadership Award for its pioneering work to promote sustainable agriculture and raise farmers' incomes through ... Read more...

Posted in Business |

India’s Exim Bank gets $150 mn to push India-Africa trade


October 8th, 2010 - 12:39 pm ICT by IANS
By Arun Kumar Washington, Oct 8 (IANS) India's Export-Import Bank has secured a $150 million international loan to help expand Indian exporters' access to finance, including for small and medium enterprises, and support ... Read more...

Posted in Business |

World Bank launches `Apps for Development’ contest


October 7th, 2010 - 2:40 pm ICT by IANS
By Arun Kumar Washington, Oct 7 (IANS) The World Bank has kicked off the "Apps for Development" competition, the first global contest of its kind, challenging software developers and international experts to help ... Read more...

Posted in Sci-Tech |

India set to grow at 9.7 percent: IMF


October 6th, 2010 - 8:03 pm ICT by IANS
By Arun Kumar Washington, Oct 6 (IANS) Even as the world slowly recovers from its worst economic crisis in decades, the International Monetary Fund (IMF) Wednesday raised India's projected growth to 9.7 percent ... Read more...

Posted in Business |

Gandhinagar solar power project gets IFC help


September 22nd, 2010 - 12:41 pm ICT by IANS
Washington, Sep 22 (IANS) The International Finance Corporation (IFC) is working on a public-private partnership deal with India's Gujarat state to design and structure a distributed rooftop solar power project in Gandhinagar. ... Read more...

Posted in Business |

IFC helping Gujarat with solar power project


September 21st, 2010 - 10:43 pm ICT by IANS
By Arun Kumar Washington, Sep 21 (IANS) The International Finance Corporation (IFC) is working on a public-private partnership deal with India's Gujarat state to design and structure a distributed rooftop solar power project ... Read more...

Posted in Business |

World Bank cites Andhra water project for food security


August 31st, 2010 - 11:32 pm ICT by IANS
By Arun Kumar Washington, Aug 31 (IANS) With the global population expected to reach nine billion by 2050, the World Bank has cited India's Improved Rural Community Water Project in Andhra Pradesh as ... Read more...

Posted in Business |

World Bank backs Dhaka’s power, transit deals with Delhi


August 15th, 2010 - 12:02 pm ICT by IANS
Dhaka, Aug 15 (IANS) The World Bank (WB) has backed the series of bilateral deals Bangladesh has signed with India this year, saying this would promote regional cooperation. The bank has indicated its ... Read more...

Posted in Business |

UAE group to bring affordable healthcare to smaller Indian cities


July 1st, 2010 - 12:52 pm ICT by IANS
By Arun Kumar Washington, July 1 (IANS) A prominent woman-owned hospital group in the United Arab Emirates, begun by a woman who moved there from Nagpur, plans to bring affordable health care services ... Read more...

Posted in Business |

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 |

Developing nations get more voice in World Bank (Lead)


April 26th, 2010 - 11:36 am ICT by IANS
By Arun Kumar Washington, April 26 (IANS) World Bank Group members including India have endorsed boosting its capital by more than $86 billion and giving developing countries a little more voice in running ... Read more...

Posted in Business |

India seeks more voice for poor in World Bank


April 25th, 2010 - 9:05 pm ICT by IANS
By Arun KumarWashington, April 25 (IANS) India Sunday made a forceful plea for giving the World Bank Group a new sense of purpose and direction with enhanced governance and strength to play ... Read more...

Posted in Business |

India on track to meet poverty reduction goal: World Bank


April 23rd, 2010 - 9:44 pm ICT by IANS
By Arun Kumar Washington, April 23 (IANS) The global economic crisis has slowed the pace of poverty reduction in developing countries but the number of poor in India is falling, says a new ... Read more...

Posted in Business |

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