World Bank Archives - Page 2 of 2

April 2, 2024 2:13 PM

Bangladesh’s economic outlook dims; World Bank lowers GDP forecast for FY25

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 cuts rates to boost growth, signals pause in further easing

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

World Bank to provide $1.1billion to Bangladesh; 5 deals signed

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

World Bank lowers Bangladesh’s growth projection for FY24

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...

October 3, 2023 3:25 PM

India’s growth to remain robust & resilient despite global headwinds: World Bank

Indian economy continues to show high growth and ample amount of resilience despite a very challenging global growth environment. According to World Bank’s latest India Development Update (IDU), despite significant global challenges, India remained...

September 11, 2023 9:01 AM

‘G20 Declaration gives wind in my sails to push for reforms’, says World Bank Chief

World Bank President Ajay Banga on September 10 said that G20 Delhi Declaration would help in bringing reforms and redefine the vision of the bank. New CEO Banga has pushed to expand climate change and hunger programs, and boost the bank's lending p...