September 3, 2024 4:36 PM
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
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
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
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 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
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 ...
April 2, 2024 2:13 PM
The World Bank has lowered the GDP growth forecast for Bangladesh by 0.1 percentage point to 5.7 per cent for the next fiscal year (FY2025). High inflation, a persistent balance of payments deficit, financial sector vulnerabilities, and global econo...
November 24, 2023 10:36 AM
Sri Lanka's central bank lowered interest rates on Friday in an unexpected move to boost growth but signalled a pause in easing for the time being while projecting inflation would remain subdued over the medium term. Helped by an International M...
November 24, 2023 10:06 AM
The World Bank and Bangladesh on Thursday signed five financing agreements worth over $1.1 billion to help the country achieve resilient and inclusive growth. The five projects include early childhood development, urban primary health, secondary...
October 4, 2023 9:56 AM
The World Bank in its latest update released on Tuesday has projected Bangladesh’s economic growth to be 5.6 percent in the 2023-24 fiscal year ending next June. The global lender in its previous projection in April, forecasted a 6.2 percent GDP...
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