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International financial institution

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World Bank: International financial institution
The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group.

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World Bank announces USD 1 billion social protection package for India [Video]

World Bank announces USD 1 billion social protection package for India

The World Bank on May 15 announced USD 1 billion social protection package for India linked to central government programmes amid the coronavirus pandemic. Junaid Kamal Ahmad, the Country Director for..

Credit: ANI     Duration: 01:42Published
World leaders pledge $8 billion to fight COVID-19 [Video]

World leaders pledge $8 billion to fight COVID-19

World leaders and organisations pledged on Monday (May 4) $8 billion to fund research, manufacture and distribution of a possible vaccine and treatments for COVID-19, but the United States refused to..

Credit: Reuters - Politics     Duration: 02:00Published
Africa could reel from health crisis to food crisis [Video]

Africa could reel from health crisis to food crisis

Sub-Saharan Africa, the world’s largest rice-importing region, could be heading from a health crisis straight into a food security crisis, the World Bank warns, while domestic crops go rotten amid..

Credit: Reuters Studio     Duration: 01:43Published
South Africa unveils 500 billion rand rescue package [Video]

South Africa unveils 500 billion rand rescue package

South African President Cyril Ramaphosa has announced a 500 billion rand rescue package to cushion the economic blow of the coronavirus pandemic. David Doyle reports.

Credit: Reuters Studio     Duration: 01:47Published
African countries get debt relief from G20 [Video]

African countries get debt relief from G20

The Group of Twenty major economies agree temporary debt relief for the world's poorest nations, as defined by the United Nations, amid the conronavirus crisis. Angela Ukomadu reports.

Credit: Reuters Studio     Duration: 01:35Published

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Coronavirus: World Bank warns 60m at risk of 'extreme poverty'

The financial impact of the coronavirus is hitting poor nations hard and destroying millions of livelihoods.
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Assam seeking Rs 300 crore aid from World Bank for raising quarantine quality level


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World Bank approves $1 billion package for India's urban poor, migrants

It's said that the package will provide a "safety net" to the workers, 90% of who are in the informal and unorganised sectors in India.
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Coronavirus latest updates: World Bank announces $1 billion aid to India

With 3,967 new cases and 100 new deaths reported in the last 24 hours, the COVID-19 tally in India reached 81970. And two states, Goa and Manipur, which were declared COVID-19 free, have reported fresh..
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World Bank approves $400 million to enhance India's coastal resources

The World Bank (WB) has approved $400 million multi-year financial support to India to enhance and safeguard its coastal and marine resources. The first phase will cover eight coastal States and three..
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Lockdown in India has impacted 40 million internal migrants: World Bank

The nationwide lockdown in India which started about a month ago has impacted nearly 40 million internal migrants, the World Bank has said. ​​"The lockdown in India has impacted the livelihoods of..
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Carole Brookins, a Rare Woman on 1970s Wall Street, Dies at 76

She was an expert in the global political economy, with a specialty in agriculture, and served as executive director of the World Bank. She fell victim to the novel coronavirus.
NYTimes.com - Published

Estimates suggest much deeper global downturn due to coronavirus pandemic than Great Recession: World Bank


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World Bank warns South Asia's economic growth to slump

The World Bank has slashed its growth predictions for the South Asia region due to the coronavirus.
BBC News - Published

With Aarogya Setu app, India has shown the way, says World Bank

Citing the example of the app, a World Bank report released on Sunday said innovative solutions could greatly help educate and track contagion across the populations at large. Global tech majors Apple..
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Migrant workers returning home could spread coronavirus in sub-continent: World Bank

The World Bank said migrant workers returning home could become vectors carrying the coronavirus to unaffected states and villages. The World Bank said South Asia is one of the highest population..
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COVID-19 to hit S Asia very hard, likely to wipe out gains made in poverty alleviation:WB

The global coronavirus pandemic will hit South Asia very hard and the significant gains made in poverty alleviation in the region are likely to be wiped out due to the impact of the deadly disease, the..
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Coronavirus: World Bank predicts sub-Saharan Africa recession

The region's economy will shrink for the first time in 25 years because of the coronavirus, the bank predicts.
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World Bank rushes in $1bn for India


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COVID-19: World Bank Approves $1 Billion Emergency Aid For India

covid-19: world bank approves $1 billion emergency aid for india
On Thursday, the World Bank approved $1-billion emergency financing for India to tackle the coronavirus outbreak, which has claimed over 50 lives and infected more than 2,000 in the country. The World..
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Spain’s coronavirus death toll rises above 10,000 overnight

spain’s coronavirus death toll rises above 10,000 overnight
Spain’s death toll from coronavirus surpassed the 10,000 threshold after a record 950 people died overnight, the country’s health ministry said on Thursday. The country’s total death toll caused..
WorldNews - Published

Malaysia says curbs preventing major spikes in coronavirus cases

Malaysia's stay-at-home order has prevented major daily spikes in coronavirus infections, the government said on Tuesday, but the World Bank warned the trade-reliant country's economy would shrink this..
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Brazil Health Ministry expects to spend $2 billion fighting coronavirus

Brazil's Health Ministry expects to spend around 10 billion reais ($2.0 billion) to combat the coronavirus pandemic, and the government will seek a World Bank loan to help cover that expense, the..
Reuters - Published

World Bank moving forward on first $1.7 billion in pandemic aid projects

The World Bank's executive board is expected to consider later this week the first fast-track funds to help Afghanistan and Ethiopia respond to the coronavirus pandemic, the Bank's president said on..
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World Bank pledges $12bn aid package

The organisation said it would prioritise the poorest countries.
BBC News - Published

Coronavirus forces IMF, World Bank switch to virtual Spring Meetings

The International Monetary Fund and the World Bank, citing growing concerns about the fast-spreading coronavirus, on Tuesday said they will adopt a "virtual format" for their Spring Meetings instead of..
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IMF, World Bank to hold virtual spring meetings due to coronavirus: joint statement

The International Monetary Fund and the World Bank on Tuesday said they will adopt a "virtual format" for their Spring Meetings in April instead of convening in Washington, given concerns about the..
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‘Useless’ pandemic bonds offer little hope for dealing with coronavirus

The World Bank created an insurance mechanism in 2017 to help some of the world’s poorest countries deal with a possible pandemic. The coronavirus outbreak could lead to its use for the first time..
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Rs 76.3k crore annual additional investment required to halve road deaths in India: World Bank


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World Bank not considering new China loans to fight coronavirus, president says

The World Bank is offering technical assistance to China to help battle the coronavirus epidemic but no new loans, the development lender's president, David Malpass, said on Monday.
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Lesotho's murder mystery, Prime Minister Tom Thabane and his estranged wife

lesotho's murder mystery, prime minister tom thabane and his estranged wife
A warrant of arrest of was issued for 42-year-old Maesaiah Thabane on 10 January after she failed to present herself to the police for questioning. She has not been seen publicly for two weeks and..
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Lebanon must cooperate with IMF but needs a new government - Hariri

Lebanon must cooperate with the International Monetary Fund and World Bank over its economy, which is in deep crisis, but that should be overseen by a new government and not the current caretaker..
Reuters - Published

World Bank trims 2020 growth forecast amid slow trade recovery

world bank trims 2020 growth forecast amid slow trade recovery
The World Bank on Wednesday trimmed its global growth forecasts slightly for 2019 and 2020 due to a slower-than-expected recovery in trade and investment despite cooler trade tensions between the..
WorldNews - Published

World Bank projects modest pickup of 2.5 pc in global growth

world bank projects modest pickup of 2.5 pc in global growth
Washington: Global economic growth is forecast to edge up to 2.5 percent in 2020 as investment and trade gradually recover from last year’s significant weakness but downward risks persist, the World..
WorldNews - Published

Growth in India is projected to 'decelerate' to 5% in 2019-2020: World Bank

The World Bank has projected a 5% growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to 5.8% in the following financial year. The World Bank said tighter credit conditions..
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Debt in emerging markets hit a record $55 trillion: World Bank report

debt in emerging markets hit a record $55 trillion: world bank report
The total debt in emerging markets and developing economies (EMDE) hit a record $55 trillion or Rs 3,911 lakh crore in 2018, according to a World Bank Group study released on Thursday, which has termed..
WorldNews - Published

World Bank to finance Khyber Pass Economic Corridor project with a loan of $406.6 million

world bank to finance khyber pass economic corridor project with a loan of $406.6 million
The World Bank will provide $406.6 million for the Khyber Pass Economic Corridor (KPEC) project which will promote economic development and uplift areas adjoining the expressway and falling in Khyber..
WorldNews - Published

African countries set meetings to resolve Nile dam dispute

african countries set meetings to resolve nile dam dispute
Officials from Egypt, Ethiopia and Sudan say they have agreed to hold two technical meetings in coming weeks in an effort to resolve a number of issues revolving around a $5 billion dam project on the..
WorldNews - Published

'China has plenty of money, why is World Bank lending it,' asks Donald Trump

President Trump wrote on Twitter, "Why is the World Bank loaning money to China? Can this be possible? China has plenty of money, and if they don't, they create it. STOP!"
DNA - Published

Trump calls for World Bank to stop loaning to China

U.S. President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan to Beijing over Washington's objections.
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NSW Treasurer Dominic Perrottet: lessons from my father, John

John Perrottet works at the World Bank developing tourism projects. His son Dominic – one of 12 siblings – is NSW Treasurer.
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Entrepreneur says young should be taught to follow passions, not just jobs

entrepreneur says young should be taught to follow passions, not just jobs
SHARJAH: Society is killing young people’s creativity when it places the emphasis on finding jobs, rather than encouraging them to follow their passions, social entrepreneur Anisa Al-Sharif told Arab..
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2019 Women Leaders Global Forum addresses issue of gender-based violence

Participants in this session at the 2019 Women Leaders Global Forum in Reykjavik, Iceland, include: Sandie Okoro, Senior Legal VP and General Counsel for the World Bank Group; Espérance Nyirasafari,..
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Lessons of leadership: 2019 Women Leaders Global Forum

Participants in this discussion at the 2019 Women Leaders Global Forum in Reykjavik, Iceland, include: Dalia Grybauskaitė, President of Lithuania (2009-2019), Chair Emerita of the Council of Women..
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China says World Bank report 'clarifies truth' on Xinjiang programmes

China responded on Tuesday to a decision by the World Bank to reduce funding for vocational training centers in the troubled western region of Xinjiang, by saying the bank's review of its projects had..
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World Bank ready to support Lebanon, urges quick formation of new cabinet

The World Bank said on Wednesday it stood ready to back a new Lebanese government, warning the country had no time to waste to tackle an emerging economic crisis worsening by the day.
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Sudan agrees reforms with World Bank, IMF: finance minister

Sudan has agreed a roadmap to "rehabilitate" the country with the World Bank, International Monetary Fund and African Development Bank, its finance minister said on Thursday.
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World Bank chief asks India to reform financial sector

world bank chief asks india to reform financial sector
New Delhi: India must undertake financial reforms in three key areas -- sound regulations for non-banking financial companies (NBFCs), allow private sector banks in a big way in the banking sector and..
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New Delhi: World Bank president meets PM Modi


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Ease of Doing Business: India jumps 14 places to 63rd position in World Bank list

ease of doing business: india jumps 14 places to 63rd position in world bank list
Further improving its rank on the World Bank’s ease of doing business index, India has been placed in 63rd position in the 2020 report released on Thursday. While India...
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Indonesia president taps opposition, start-up founder for new cabinet

Indonesian President Joko Widodo announced his second-term cabinet on Wednesday, retaining former World Bank executive Sri Mulyani Indrawati as finance minister and tapping the opposition leader as he..
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Indonesia cabinet includes president's rival, startup founder

Indonesian President Joko Widodo unveiled his cabinet for a second term on Wednesday, retaining former World Bank executive Sri Mulyani Indrawati as finance minister and tapping the leader of the..
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Factbox: Policy challenges for Indonesia's Widodo in second term

Indonesian President Joko Widodo unveiled his cabinet for a second term on Wednesday, retaining former World Bank executive Sri Mulyani Indrawati as finance minister and including the leader of the..
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