Advertisements The World Bank has approved loans totalling USD 1.75 billion (about Rs 13,834.54 crore) to fund India’s PM Ayushman Bharat scheme and private investment to boost the economic growth. Of the total loan, USD 1 billion will go towards… Read More ›
World Bank
World Bank Approves USD 562 Mn Funding For 3 Projects In India
Advertisements World Bank has approved three loans totalling USD 562 million (about Rs 4,393.70 crore) to fund an education project in Gujarat, a social protection programme in Tamil Nadu and a project to help recovery in the fisheries sector post… Read More ›
World Bank Slashes Global Growth Forecast To 2.9%, Warns Of ‘Stagflation’ Risk
Advertisements The World Bank on Tuesday slashed its global growth forecast by 1.2 percentage points to 2.9% for 2022, warning that Russia’s invasion of Ukraine has compounded the damage from the COVID-19 pandemic, with many countries likely to face recession. The Russian invasion of… Read More ›
World Bank Cuts India’s Economic Growth Forecast To 7.5% For FY23
Advertisements The World Bank on Tuesday cut India’s economic growth forecast for the current fiscal to 7.5 per cent as rising inflation, supply chain disruptions and geopolitical tensions taper recovery. This is the second time that the World Bank has revised its GDP… Read More ›
World Bank reduces Pakistan’s growth forecast to 4.3%
Advertisements The World Bank has slashed Pakistan’s economic growth rate forecast for the current fiscal year to 4.3 per cent, down by almost one per cent against last year, and said the last ditch energy subsidies by the outgoing government… Read More ›
World Bank’s International Finance Corporation To Invest In Baring Private Equity
Advertisements World Bank’s arm IFC is set to invest INR 296 Crore/$40 Million in Baring Private Equity Asia’s India-focused credit platform. The fund will invest in senior debt instruments of companies primarily, that have substantial operations in the country, or… Read More ›