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
#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
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World Bank chief David R Malpass says GDP of many emerging economies to reach pre-pandemic levels in 2022
The inequality in the recovery is getting worse across country groups. Per capita income in advanced economies is expected to grow nearly 5% in 2021, but only 0.5% in low-income countries, according to World Bank repot
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
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
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
https://www.livemint.com/news/india/india-to-get-1-billion-from-world-bank-here-s-how-it-will-be-spent-11677910964819.html
mint
India to get $1 billion from World Bank: Here’s how it will be spent
The World Bank has committed $1 billion to India.
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
https://www.livemint.com/news/ajay-banga-poised-to-become-world-bank-chief-unopposed-11680182024550.html
mint
Ajay Banga poised to become World Bank chief unopposed
The World Bank has closed a month-long window for nominations for its next president, with no alternatives announced to 63-year-old Banga
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
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
https://www.livemint.com/news/india-ascends-six-places-to-rank-38-on-world-bank-logistics-index-11682135501780.html
mint
India ascends six places to rank 38 on World Bank logistics index
According to the report, India's rank in the index of 139 countries has risen to 38 from 44 in 2018.
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
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
https://www.livemint.com/news/world/who-is-ajay-banga-first-indian-american-to-head-the-world-bank-11683158019741.html
mint
From Army background to link with ex-Unilever chairman, know about Indian-American World Bank chief, Ajay Banga
India born Ajay Banga, who was born and brought up in India by an Indian Army officer, will lead the World Bank as the next President from June 3. Know all about the first Asian World Bank president here
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
https://www.livemint.com/economy/world-bank-slashes-global-growth-outlook-to-2-1-on-sharp-interest-rate-hikes-11686059538499.html
mint
World Bank slashes global growth outlook to 2.1% from 3.1% on sharp interest rate hikes
The World Bank cut its 2024 global growth forecast to 2.4 per cent from 2.7 per cent in January, citing the continuing effects of tighter monetary policy, particularly in reducing business and residential investment.
#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
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
https://www.livemint.com/news/india/maharashtra-seeks-world-bank-aid-for-upgrading-infra-capacity-building-11690735855151.html
mint
Maharashtra seeks World Bank aid for upgrading infra, capacity building
The Eknath Shinde government in Maharashtra Sunday sought the assistance of the World Bank for upgrading infrastructure and capacity building in the state
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
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
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
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
Read today's Mint e-paper here: https://epaper.livemint.com
Read today's Mint e-paper here: https://epaper.livemint.com