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Thursday, August 14, 2025
TopicWorld Bank

Topic: World Bank

India business climate has continuously improved, Amitabh Kant says after WB halts ease index

A day after World Bank suspended its ease of doing business rankings, Kant says the govt will work tirelessly to make India one of the easiest countries to invest in.

World Bank looking at ways to cut poor nations’ debt instead of delaying payments

World Bank chief David Malpass said the organisation wants to avoid a situation where a significant amount of its assistance is used to service past borrowing.

World Bank expects private creditors to join G20 in providing debt relief

The G-20 in April agreed to allow a temporary suspension of debt repayment for more than 70 impoverished nations.

India could see millions pushed into extreme poverty due to pandemic: World Bank analysis

South Asia may see 42 mn people being pushed into extreme poverty, according to World Bank analysis, as the pandemic leads to longer shutdowns, increase in costs.

This recession is different & India can bounce back much faster than in the past

The recession this time isn’t driven by inherent weakness in economies or factors like oil shocks. It’s also synchronous. This could quicken India’s recovery.

World Bank forecasts worst recession in eight decades due to coronavirus

Global gross domestic product will probably shrink 5.2% in 2020, the World Bank said in its semi-annual Global Economic Prospects report.

Indian economy to shrink by 3.2% in fiscal year 2020-21: World Bank

While the World Bank downgraded its projection of India by a massive negative 9%, it also said the economy is expected to bounce back in 2021.

Two senior IAS officers in PMO appointed to World Bank, World Trade Organisation 

While IAS officer Rajiv Topno will serve as senior advisor in World Bank, Brajendra Navnit will be ambassador to the Permanent Mission for India (PMI) at WTO. 

I will do any job I find – How India’s desperately poor hope to get out of Covid misery

At least 49 million people across the world are expected to plunge into ‘extreme poverty’ – some 12 million of them in India – this year.

World Bank restores budgetary support to Pakistan after 4 years, gives $500 million loan

World Bank Country Director for Pakistan said the Covid-19 crisis was impacting daily life through economic disruptions along with additional stress on public services.

On Camera

Asim Munir wants to be guardian of the Middle East. He’s fated to fail at home

Countering insurgency needs the Pakistan Army to demonstrate a political will that ties leaders at the centre with those in the borderlands. But it may not have the imagination.

Slashing GST on waste can unlock Rs 1.8 lakh crore, high tax hurting circular economy goals—CSE

Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.

India, US troops to undertake joint military exercise next month, first after Op Sindoor

21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.