Tag: World Bank

Trump nominates Malpass to head World Bank

Trump nominates Malpass to head World Bank

US President Donald Trump on Wednesday announced that he has chosen David Malpass, undersecretary for international affairs at the US Treasury Department, as the US candidate for the next president of the World Bank. Calling Malpass a “very extraordinary man,” Trump said in a statement at the White House that[Read More…]

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…]

Now Modi suggests 'lunch pe charcha'

PM attacks Congress for questioning World Bank ranking

 Prime Minister Narendra Modi on Saturday attacked Congress for questioning the World Bank Report on ease of doing business in India and said with GST and other reforms, its report next year would show further improvement in ranking. The Prime Minister said those who had worked with the World Bank[Read More…]

India's economy will get better very soon: World Bank

India’s economy will get better very soon: World Bank

In wake of the ongoing economic slowdown of the country, World Bank President, Jim Yong Kim, said that it is an “aberration” caused by temporary disruptions in preparation for the Goods and Service Tax (GST) and asserted that it will be corrected in the near future. Responding to questions on[Read More…]





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