October 9, 2024, 06:35 PM - 2 min read
During a press conference, Naidu expressed gratitude to Prime Minister Narendra Modi, who he met recently, and revealed that the Centre will release ₹12,500 crore for the Polavaram project.
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October 3, 2024, 05:34 PM - 5 min read
The development follows a series of visits by the World Bank team to Amaravati's capital region in the last two months. They inspected the ongoing clearance of jungle in the region and abandoned buildings and other infrastructure works in the last five years, besides interacting with the farmers.
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September 17, 2024, 06:55 PM - 4 min read
The World Bank will provide up to $2 billion in new financing to Bangladesh this fiscal year for critical reforms, flood response, and health, with an additional $1 billion repurposed from existing programmes. This follows recent aid pledges from USAID and comes amid political and economic changes in Bangladesh.
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September 9, 2024, 06:26 PM - 2 min read
World Bank experts praised Kerala's higher education reforms and expressed interest in a collaborative project to attract international students and enhance the state's education system during a meeting with Chief Minister Pinarayi Vijayan.
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September 3, 2024, 02:48 PM - 1 min read
The World Bank on Tuesday raised India's growth forecast to 7% for the current fiscal year, citing a robust recovery in the agricultural sector and rural demand, despite global challenges.
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August 15, 2024, 07:32 PM - 2 min read
Chief Minister Revanth Reddy said it was heartening that the talks with the World Bank representatives were held in a cordial atmosphere to help the state retire high-cost loans and convert them into low-cost ones.
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August 14, 2024, 08:38 PM - 2 min read
A senior official of the urban development department in the state secretariat said top officials of the AP Capital Region Development Authority (APCRDA) accompanied the World Bank team during the visit to Amaravati.
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June 12, 2024, 04:19 PM - 2 min read
This announcement follows the Maldives Ministry of Finance's recent report that public and publicly guaranteed debt has surged to nearly 110 per cent of the nation’s GDP. The Maldives, heavily reliant on tourism, was severely impacted by the COVID-19 pandemic and has only started to recover in 2023.
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June 12, 2024, 01:05 PM - 2 min read
"India's economy has been buoyed by strong domestic demand, with a surge in investment, and robust services activity," the World Bank report noted. The report also highlighted the resilience of commodity importers, excluding China, with particular emphasis on India. This resilience is largely due to continued strong domestic demand, with growth being more muted in other commodity importers.
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April 21, 2024, 12:26 PM - 2 min read
World Bank president Ajay Banga expressed hope that donor contributions could add up to an additional $100 billion to the poorest countries through its lending arm, the International Development Association (IDA). The Bank has initiated efforts to add more financing to its portfolios to support low-income countries with very low-cost financing and grants.
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April 19, 2024, 02:50 PM - 2 min read
Seth attributed India's economic success to sustained consumption and investment demand, underpinned by a proactive approach to reforms and sustainable growth initiatives
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April 18, 2024, 01:17 PM - 2 min read
The President of the European Central Bank, Christine Lagarde, aptly identifies the essential elements that propels India to greater heights, a path that the nation must tread upon, she states, “India’s story is one of the most compelling in the world, It has all the right ingredients for economic success, a young and dynamic population, a growing middle class, a diverse economy and a vibrant democracy”
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