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Sitharaman Meets World Bank President Ajay Banga: Key Discussions On Global Public Goods & MDB Reforms

24 Oct 2024

Union Finance Minister Nirmala Sitharaman held a meeting with World Bank President Ajay Banga on the sidelines of the World Bank and International Monetary Fund (IMF) Annual Meetings 2024, in Washington, DC on Wednesday. During the meeting, the two sides discussed issues related to private capital participation in Global Public...

26 Poorest Countries Struggle As Debt Surpasses 2006 Levels

21 Oct 2024

A recent World Bank report reveals that the 26 poorest nations, home to 40% of the world's most impoverished individuals, are facing unprecedented levels of debt, surpassing figures not seen since 2006. These nations are becoming increasingly vulnerable to natural disasters and economic shocks, presenting significant challenges to their recovery...

World Bank Report Reveals Debt Crisis Among 26 Poorest Countries

14 Oct 2024

A recent World Bank report unveils a troubling reality for the world’s 26 poorest countries, which collectively house around 40% of individuals living on less than $2.15 a day. These nations are grappling with unprecedented levels of debt, the highest since 2006, while simultaneously facing increased vulnerability to natural disasters...

Denmark Commits $491.7 Million To World Bank’s IDA Fund For Poverty

24 Sep 2024

The World Bank Group announced on Monday that Denmark has pledged approximately $491.7 million to the latest replenishment of its International Development Association (IDA) fund for the poorest countries, marking a 40% increase from its previous contribution. Significance of the Pledge This contribution is part of a broader effort by...

EXPLAINED: What Is Indus Water Treaty And Why Is India Seeking Its Review With Pakistan?

19 Sep 2024

India has officially sought a review of the Indus Water Treaty (IWT), a water-sharing agreement established in 1960 with Pakistan and facilitated by the World Bank. On August 30, New Delhi issued a notice to Islamabad in accordance with Article XII(3) of the treaty, according to reports. The notification from...

India Demands Review Of Indus Water Treaty, Issues Notice To Pakistan

18 Sep 2024

In a significant development related to Indus water treaty, India has formally notified Pakistan of its intention to review the treaty. revealed sources on Wednesday. According to sources, the notice was sent to Pakistan on August 30 under Article XII(3) of the IWT. India’s notification emphasized significant and unforeseen changes...

Former Indian Cabinet Minister Smriti Irani Talks On Gender Parity with Leaders of World Bank

17 Sep 2024

Former Indian Cabinet Minister Smriti Irani met with World Bank Leaders just yesterday to discuss how India has been a leader in the global south regarding gender parity. Madam Smriti Irani addressed leaders in Washington, DC, about the importance of expanding gender equity in India and throughout the Global South...

World Bank Approves $68 Million To Secure Pacific Island Nations’ Global Financial Access

05 Sep 2024

On Thursday, the World Bank’s board approved a substantial $68 million initiative aimed at preventing Pacific Island nations from losing their crucial ties to the global financial system. This program, as announced by World Bank President Ajay Banga, seeks to ensure that these small island economies remain integrated into the...

World Bank Approves USD 1.5 Billion To Support India’s Low-Carbon Energy Sector

29 Jun 2024

The World Bank has approved USD 1.5 billion in financing to accelerate India's development of low-carbon energy solutions. In a blog post, the World Bank highlighted that this financing aims to promote low-carbon energy initiatives by scaling up renewable energy projects, advancing green hydrogen technologies, and facilitating climate finance for...

World Bank Forecasts India’s Growth TTo Hit 7.5% In Fiscal Year 2023-24

03 Apr 2024

The World Bank has projected strong growth for South Asia at 6.0 percent in 2024, largely driven by India's robust economic performance. The latest South Asia Development Update, released by the World Bank on Tuesday under the title Jobs for Resilience, indicates that India, as the region's largest economy, is...

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World Bank

Sitharaman Meets World Bank President Ajay Banga: Key Discussions On Global Public Goods & MDB Reforms

26 Poorest Countries Struggle As Debt Surpasses 2006 Levels

World Bank Report Reveals Debt Crisis Among 26 Poorest Countries

Denmark Commits $491.7 Million To World Bank’s IDA Fund For Poverty

EXPLAINED: What Is Indus Water Treaty And Why Is India Seeking Its Review With Pakistan?

India Demands Review Of Indus Water Treaty, Issues Notice To Pakistan

Former Indian Cabinet Minister Smriti Irani Talks On Gender Parity with Leaders of World Bank

World Bank Approves $68 Million To Secure Pacific Island Nations’ Global Financial Access

World Bank Approves USD 1.5 Billion To Support India’s Low-Carbon Energy Sector

World Bank Forecasts India’s Growth TTo Hit 7.5% In Fiscal Year 2023-24

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