Tag: World Bank

Mumbai: World Bank steps back, says no to funding for 47 AC Trains

Mumbai: World Bank steps back, says no to funding for 47 AC trains

Mumbai Rail Vikas Corporation (MRVC), the executing agency for the Mumbai Urban Transport Project–III’s (MUTP-III) rail component, has approached Indian Rail Finance Corporation (IRFC) for funds now as the World Bank has backed out of funding the purchase of 47 air-conditioned trains for Mumbai, condemning commuters to the city’s furnace-like trains for[Read More…]

World Bank, Bangladesh sign $50m deal to improve Rohingya healthcare

World Bank, Bangladesh sign $50m deal to improve Rohingya healthcare

The Bangladesh government on Thursday signed a $50 million grant financing agreement with the World Bank to improve the country’s services to cater to the health, nutrition and family planning needs of the Rohingya refugee population. The agreement was signed by Kazi Shofiqul Azam, Senior Secretary of Bangladesh’s Economic Relations[Read More…]

Studying the relationship between growth, inequality and poverty

Studying the relationship between growth, inequality and poverty

An extensive data on poverty traps suggests that high levels of poverty deter growth. However, a seemingly basic implication of the underlying theoretical models, namely that countries suffering from higher levels of poverty should grow less rapidly, has remained untested. A parallel data has suggested a variety of mechanisms through which inequality may affect growth in opposing directions. Because inequality and poverty are different[Read More…]

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