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World Bank News

19 Jan 2025

World Bank Predicts India's Fiscal Deficit To Shrink As Tax Revenues Rise

In contrast, fiscal deficits in other South Asian nations are projected to remain stable due to fiscal adjustments being offset by higher interest payments in Pakistan and infrastructure investments in Bangladesh.

18 Jan 2025

India Continues To Outpace Global Peers On Economic Growth: Centre

At a time when global growth is expected to remain at 2.7 per cent in 2025-26, this remarkable performance underscores India’s resilience and its growing significance in shaping the world’s economic trajectory, said Ministry of Information and Broadcasting.

22 Dec 2024

Bangladesh Receives 1.16 Bn USD World Bank Financing For Inclusive Development

The World Bank approved 1.16 billion USD to help Bangladesh improve health services, water and sanitation services and achieve greener and climate-resilient development.

20 Dec 2024

World Bank Approves USD 800 Million Loan For Development Of Amaravati City

The World Bank will bring global expertise to support the design of city institutions and infrastructure that can create economic opportunities.

06 Oct 2024

FM Sitharaman Meets G20 Expert Prof Stern On Strengthening Multilateral Banks

During the meeting, Finance Minister Sitharaman shared updates on the World Bank's Evolution Agenda, which is actively considering 27 of the 30 recommendations put forth by the G20 Independent Expert Group.

02 Oct 2024

World Bank Expects 5.1% Growth For Nepal

The South Asian country achieved a growth of 3.9 per cent in 2023-24, noted the international financial institution.

03 Sep 2024

World Bank Raises India Growth Forecast To 7 Per Cent For FY25

According to Economic Survey, the country's real gross domestic product (GDP) will grow at 6.5-7 per cent in 2024-25. However, the Reserve Bank of India estimates a higher 7.2 per cent for the current financial year.

03 Apr 2024

World Bank Raises India's GDP Growth Forecast To 7.5% For 2023-24

The World Bank has raised India's economic growth forecast by 1.2 per cent to 7.5 per cent for 2023-24, on the back of robust activity in services and industry in its latest update for South Asia.

23 Sep 2023

95 Million Pakistanis Under Poverty, Urgent Reforms Needed: World Bank

Poverty in Pakistan rose within one year from 34.2 percent to 39.4 percent.

10 Aug 2023

Uganda President Defiant After World Bank Funding Suspended Over LGBT Law

The anti-LGBTQ law in Uganda, enacted in May, has drawn widespread denunciation from local and international rights organisations and Western governments, though it is popular domestically.

24 Jun 2023

World Bank Approves USD 255.5 Million Loan For Govt-Run Indian Institutions

Tertiary education in India has been growing steadily from 29 million enrolled students in 2011-12 to 39 million enrolled students across 40,000 institutions in 2019-20.

17 Jun 2023

World Bank Approves $150 Mn Loan To Support Resilient Kerala Program

The plan will assess the current and future shoreline changes in the state and create policies to address the risks to environmental resources, human settlements, and infrastructure along the coast.

16 May 2023

Argentina Raises Interest Rate To 97%, Inflation Rate At 100%

That's the highest level since the early 1990s, and currently, Venezuela and Zimbabwe are the only two countries experiencing higher inflation than Argentina, according to International Monetary Fund data.

04 May 2023

Nirmala Sitharaman Congratulates Ajay Banga On Becoming World Bank President

The President of the World Bank Group is also the Chair of the Board of the Executive Directors of the International Bank for Reconstruction and Development (IBRD).

03 May 2023

Indian-American Ajay Banga Appointed As President Of World Bank

Banga, a finance and development expert, will take over the role on June 2. He was the sole contender to replace departing World Bank chief David Malpass whose term ends early next month.

International Monetary Fund (IMF)

15 Apr 2023

India Will Stay On Course; Projected To Grow At 7% In 2022-23: Sitharaman

Both the IMF and World Bank project India to be the fastest-growing major economy in 2023.

Nirmala Sitharaman

13 Apr 2023

India Remains Concerned About Global Economic Outlook, Says FM

In her address to IMF and World Bank, FM said India has moved on beyond the pandemic, staging a full recovery in FY22-23, ahead of many countries.

Nirmala Sitharaman

10 Apr 2023

FM Sitharaman To Embark On US Tour From Today; To Attend WB Group, IMF Meets

FM will also be attending the G20 meetings and other associated meetings, which are scheduled to take place from April 10 to April 16.

08 Apr 2023

Pakistan Finance Minister Ishaq Dar Says IMF Deal Well On Track

Pakistan's Finance Minister assured that the IMF deal was well on track Pakistan has been reeling from a severe economic crisis

04 Apr 2023

World Bank Cuts India's Growth Forecast To 6.3% In Fy24

Growth is likely to be constrained by slower consumption growth and challenging external conditions, the World Bank said in its India Development Update.

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