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…]

Latest Update