Thursday, December 1, 2022

World Bank

World Bank team members review projects

A 12-member team from the World Bank arrived Nagaland on November 13 for a four-day visit to Nagaland. According to DIPR, the team held a meeting with Core Committee & Technical Committee for implementation of Enhancing Landscape and Ecosystem...

SL will remain ‘middle-income’ country, Prez office clarifies

Sri Lanka will remain a ‘middle-income’ country, the President’s media division announced on Tuesday, even as it requested the World Bank to grant concessional loans to tide over the unprecedented economic crisis, hours after the cabinet approved a proposal...

World Bank slashes India’s growth to 6.5 pc for FY23

The World Bank on Thursday projected a growth rate of 6.5 per cent for the Indian economy for the fiscal year 2022-23, a drop of one per cent from its previous June 2022 projections, citing deteriorating international environment.In its...

Global economy in its steepest slowdown since 1970: World Bank

Interest rate hikes by central banks around the world could trigger a global recession in 2023, the World Bank has warned, media reports said.Central banks have raised rates “with a degree of synchronicity not seen over the past five...

Nagaland: World Bank officials hold coordination meetings

A core team headed by agriculture production commissioner (APC) Y. Kikheto Sema and Technical Support Committee of the project entitled “Enhancing Landscape and Eco-system Management Project (ELEMENT)” held meeting with the visiting team from the World Bank in the...

India to grow at 7.4% in FY23, at same level next year as well: FM

Union Finance Minister Nirmala Sitharaman on Friday said the Indian economy will grow at 7.4 per cent in this fiscal and continue at the same level in the next fiscal as well.“Our own estimates have also shown based on...

India gets new World Bank Country Director

Auguste-Tanoa-Kouame is the World Bank’s Country Director for India, effective on Monday. He replaces Junaid Kamal Ahmad who recently completed a five-year term.Auguste, a national of Cote d’Ivoire, most recently served as the World Bank’s Country Director for Turkey...

Efforts on to fulfil aspirations of indigenous people: Saha

Tripura Chief Minister Manik Saha on Monday said his government has been putting in all efforts for fulfilling the socio, political and economic aspirations of the indigenous people of the state.Urging the tribal people to repose faith in the...

No new financing to SL until ‘adequate’ macroeconomic policy in place: WB

The World Bank does not plan to offer new financing to crisis-hit Sri Lanka until an “adequate” macroeconomic policy framework is in place, the global funding body has said.The statement by the World Bank was released on Thursday, two...

World Bank warns of recession as Ukraine war hits economies

Countries around the world are facing recession as the Ukraine war hits economies already rocked by the Covid pandemic, the World Bank has warned, media reported.Less developed countries in Europe and east Asia face a “major recession”, BBC reported.The...