World Bank Archives

December 6, 2024 10:15 AM

World Bank wins pledges for $100 bln replenishment of fund for poorest countries

Donor countries have pledged a record $100 billion three-year replenishment of the World Bank's fund for the poorest nations, providing a vital lifeline for their struggles against crushing debts, climate disasters, inflation and conflict. The World...

October 24, 2024 6:29 PM

Nepal’s Finance Minister Paudel Meets ADB Vice President

Nepal’s Deputy Prime Minister and Minister for Finance, Bishnu Paudel, is currently attending the annual meetings of the World Bank Group and the International Monetary Fund (IMF) in the United States. During his visit, he held a meeting with Yingm...

October 15, 2024 9:13 PM

Bangladesh GDP growth to decelerate to 4% in FY25: World Bank

Bangladesh's recovery from the COVID-19 pandemic continues to be impacted by high inflation, a balance of payments deficit, financial sector vulnerabilities, and increasingly limited job opportunities for its youth—particularly women and educated y...

September 25, 2024 9:07 AM

Prime Minister Modi has built a strong relationship with United States, says World Bank President

World Bank President Ajay Banga heaped praise on Prime Minister Narendra Modi for prioritising on building a strong relationship with the United States both bilaterally and also through the Quad security grouping, adding that it has been his strategy...

September 3, 2024 4:36 PM

World Bank raises India’s growth forecast to 7% from 6.6% for FY25

The World Bank has raised its growth forecast for India to 7% for the fiscal year 2024-2025, up from its previous estimate of 6.6%, according to the latest India Development Update (IDU) released on Tuesday. This revision highlights India's economic ...

June 12, 2024 4:47 PM

Myanmar poverty deepens, economic growth stagnant, World Bank says

Poverty in Myanmar is more widespread than at any time in the last six years and growth in the conflict-torn nation is likely to remain at a measly 1% in the current fiscal year with little respite in sight, the World Bank said on Wednesday. Escalat...

June 12, 2024 10:17 AM

World Bank raises GDP projection, says India to keep its fastest-growing economy tag

The World Bank has upwardly revised India's GDP growth forecast for the current financial year 2024-25 by 20 basis points to 6.6 per cent from its earlier projection of 6.4 per cent made in January. The World Bank said that India will continue to be...

April 15, 2024 6:19 PM

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

Half of the world's 75 poorest countries are experiencing a widening income gap with the wealthiest economies for the first time this century in a historical reversal of development, the World Bank said in a report on Monday. The differential be...

April 3, 2024 6:56 PM

India’s gems and jewellery sector shines amidst gold price surge

India shines brightly despite facing a whirlwind of events in 2023. With record-high gold prices, fluctuating diamond rates, and global tensions, the industry navigated through choppy waters while maintaining its dominance in exports. The latest Ind...

April 3, 2024 12:42 PM

World Bank projects India’s growth to reach 7.5% in FY 23-24

The World Bank has said that the Indian economy will grow by 7.5 percent in 2024, driving the growth momentum of the South Asian region, which is projected to achieve a robust growth rate of 6 percent in the same year. According to the report "Jobs ...