World Bank President Ajay Banga will unveil measures, including the pause on repayments and embedding catastrophe insurance into new loans in a speech in Paris on Thursday.
Ukrainians abandoned inundated homes as floods crested across the south after the destruction of the dam, with Russia and Ukraine trading blame for the disaster.
During meeting with Banga a day before former Mastercard CEO takes office at World Bank, Yellen ‘conveyed her strong desire for Treasury to continue close collaboration’ with him.
Banga, nominated for the post by US President Joe Biden, will take over the role on 2 June. He was the sole contender to replace departing chief David Malpass whose term ends next month.
The bank's latest World Development Report said that about 184 million people across the world now live in countries where they lack citizenship, 43% in low- and middle-income countries.
Finance Minister Ishaq Dar was scheduled to attend meetings from 10 April and see top IMF officials and multilateral creditors in a bid to secure stalled funding.
World Bank officials and economists say that while govt expenditure in infrastructure is encouraging some private investment, reforms in land, labour, and capital market laws are needed to boost confidence.
World Bank’s India Development Update does, however, say that inflation will ease, and that strong services exports will mitigate some external factors expected to slow growth.
For New Delhi, the central task is not to eliminate dependence on China overnight, but to manage it intelligently while gradually building alternatives.
Rural ownership of motor vehicles jumped from 19 percent in 2011-2012 to 59 percent in 2023-2024, while urban rose from 40 percent to 68 percent during the same time period, study by two members of PM-EAC says.
At the Jindal Literature Festival, Maj Gen (Retd) Lakhwinder Singh reveals secrets from 25 years ago, speaking about the decision that outwitted Musharraf and changed the course of the war.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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