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.
Spillover from recent turmoil in financial markets in US, Europe pose risk to short-term investment flows to emerging markets, including India, said World Bank economist.
Nepotism seems to have been a concern in Uttaramerur elections. That's why the drawing of ballots was done by a child and executives' relatives were banned from being elected.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
Billed as the military’s own version of Raisina Dialogue, the event will spotlight on tech-driven warfighting, lessons from Operation Sindoor and release of three new doctrines.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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