Gross Domestic Product (GDP) in many emerging economies will return to pre-pandemic levels next year, while per capita income level in will take longer to recover, World Bank President David R. Malpass said

#GDP #Economy #WorldBank

https://www.livemint.com/news/world/world-bank-chief-david-r-malpass-says-gdp-of-many-emerging-economies-to-reach-pre-pandemic-levels-in-2022-11633997653016.html

The #WorldBank approved a $250 million loan for the Indian government's road safety programme that addresses the high road accident fatality rate in the country.

https://livemint.com/news/india/world-bank-approves-250-mn-loan-for-india-s-road-safety-programme-11656324034435.html

The #UnitedStates is nominating former #Mastercard CEO #AjayBanga to lead the #WorldBank, President #JoeBiden announced on Thursday, crediting him with critical experience on global challenges including climate change.

Read here: https://www.livemint.com/news/world/us-nominates-former-mastercard-ceo-ajay-banga-for-world-bank-president-11677164658948.html

On March 3, the #WorldBank and #India signed two complementary loans of $500 million each to support the country's healthcare infrastructure.

https://www.livemint.com/news/india/india-to-get-1-billion-from-world-bank-here-s-how-it-will-be-spent-11677910964819.html

The #WorldBank closed a month-long window for nominations for its next president, with no alternatives announced to 63-year-old #AjayBanga.

https://www.livemint.com/news/ajay-banga-poised-to-become-world-bank-chief-unopposed-11680182024550.html

The #WorldBank now expects #Pakistan's #economy to grow 0.4% in the current year, from its October forecast of 2% growth. The bleaker forecast assumes an agreement is reached with the #InternationalMonetaryFund for bailout funds, it said.

Read here: https://livemint.com/economy/world-bank-revises-pakistan-s-gdp-forecast-to-0-4-for-fy23-24-on-rising-rates-11680610040075.html

India has improved its ranking in the #WorldBank's Logistic Performance Index 2023 by six places, owing to significant investments in both soft and hard infrastructure as well as technology.

https://www.livemint.com/news/india-ascends-six-places-to-rank-38-on-world-bank-logistics-index-11682135501780.html

The #WorldBank's 25-member executive board on Wednesday elected former #Mastercard CEO #AjayBanga to a five-year term as president, effective 2 June.

Read here: https://livemint.com/news/indianorigin-ajay-banga-is-next-world-bank-president-11683128835904.html

The Indian-born American executive, since his nomination for the presidency of the #WorldBank, is considered the global development lender's “face of change".

https://www.livemint.com/news/world/who-is-ajay-banga-first-indian-american-to-head-the-world-bank-11683158019741.html

The #WorldBank said in a report on June 6 that the global economy is in a precarious situation and heading for a substantial growth slowdown as sharp interest-rate increases has hit activity and stirred the vulnerabilities in lower-income countries.

https://www.livemint.com/economy/world-bank-slashes-global-growth-outlook-to-2-1-on-sharp-interest-rate-hikes-11686059538499.html

#WorldBank President #AjayBanga to visit #India: Here's why it's special

Read here: https://www.livemint.com/news/india/world-bank-president-ajay-banga-to-visit-india-g20-meeting-11688795129786.html

The Eknath Shinde government in Maharashtra sought the assistance of the #WorldBank for upgrading infrastructure and capacity building in the state.

https://www.livemint.com/news/india/maharashtra-seeks-world-bank-aid-for-upgrading-infra-capacity-building-11690735855151.html

As #Pakistan grapples with an ongoing economic crisis, the #WorldBank has issued a stark warning: the country's current economic model is no longer effective in reducing #poverty.

In a recently published report titled 'Time to Decide', the World Bank argues that Pakistan needs urgent economic reforms.

Read here: https://www.livemint.com/news/world/75-years-after-independence-40-of-pakistanis-live-below-the-poverty-line-and-its-economic-model-is-not-working-11695528712845.html

The #WorldBank has cut its growth estimates for developing countries in East Asia and Pacific as the region remains under stress of tighter finances and a weak global environment.

Read here: https://www.livemint.com/economy/world-bank-cuts-growth-estimates-for-east-asia-to-5-in-2023-slashes-china-s-2024-gdp-growth-amid-property-crisis-11696219143134.html

#BreakingNews | #WorldBank forecasts India's #GDP growth for FY23-24 at 6.3% despite global headwinds.

The World Bank also projected that India's service sector activity will remain strong with growth of 7.4%, and added that investment growth will remain robust at 8.9%.

Read here: https://www.livemint.com/economy/world-bank-forecasts-indias-gdp-growth-for-fy23-24-at-63-11696315114740.html

India, EFTA close in on free trade deal | #Sensex scales 74K; small-caps reel on action against NBFCs | #WorldBank arm open to $8 billion infra loan cover

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