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2 mins read
Ajay Banga as World Bank President adds to success stories of the Indian Americans: USISPF
Ajay Banga has been confirmed as the World Bank President, becoming the first-ever Indian-American …
PTI
3 mins read
World Bank cuts global growth estimate for 2023 over recession risks
In 2024, the global economy is projected to grow by 2.7 per cent, against the previous estimate …
ANI
3 mins read
Then-Treasury Secretary Steven Mnuchin intervened to block Ivanka Trump's appointment to the World Bank: report
In April 2019, Ivanka Trump told the AP she passed on leading the World Bank, expressing that she w…
John L. Dorman
2 mins read
Global economy dangerously close to a recession: World Bank
"We've lowered our 2023 growth forecast from 3 per cent to 1.9 per cent for the global growth, t…
1 min read
World Bank predicts "sharpest decline" of remittances due to COVID-19
Malpass said "the ongoing economic recession caused by COVID-19 is taking a severe toll on t…
1 min read
Confident Ajay Banga will use corporate experience to meet World Bank goals: Nirmala Sitharaman
"Hearty congratulations Ajay Banga on being selected as the President of @WorldBank. I am confi…
PTI
2 mins read
World Bank warns a global recession looks inevitable as food and energy prices spiral
"It's hard right now to see how we avoid a recession," World Bank's David Malpass said, given the U…
George Glover
2 mins read
World Bank warns that higher fertilizer and energy costs pose a threat to harvests after global food prices soar by more than one-third
Rising prices are likely to exacerbate malnutrition and poverty rates, the bank's president warns.
Urooba Jamal
3 mins read
Recession 'will be hard to avoid' across most of the world, World Bank says
The World Bank lowered its 2022 growth forecast on Tuesday to 2.9%, down from the 4.1% estimate mad…
Ben Winck
2 mins read
Russia's invasion is already hobbling the global economic recovery from the pandemic, World Bank says
The World Bank slashed its forecast for global growth in 2022 to 3.2% on Monday, forecasting a rebo…
Ben Winck
3 mins read
Indian-American Ajay Banga sole nominee to lead World Bank
The World Bank has said that Indian-American Ajay Banga is the only candidate nominated for the Pre…
ANI
1 min read
World Bank slashes global growth forecast due to Russia's invasion of Ukraine and preps a relief package bigger than its COVID-19 funding
"Sixty percent of low-income countries are already in debt distress or at high risk of it," World B…
Phil Rosen
1 min read
The US will enter a recession as soon as this year and the Fed can't stop food and energy inflation, hedge fund manager Kyle Bass says
"Clearly printing 40% more money than was in circulation in the first place was a little too much […
Phil Rosen
3 mins read
Global leaders are preparing for the next pandemic with commitments to a proposed new fund for prevention and response
Countries around the world were not prepared for the disruption caused by the COVID-19 pandemic, bu…
Julia Hood
1 min read
Citi says oil should be around $70 as demand drops and recession looms
Citi cut oil demand expectations by 1.4 million barrels for this year as fears of a recession took …
Hamza Fareed Malik
2 mins read
World Bank approves $723 million for Ukraine amid Russian invasion
The World Bank announced that it has approved a $723 million financial package for Ukraine as the c…
4 mins read
World Bank President says COVID-19 pandemic is causing the one of the deepest recessions since Great Depression
He told reporters that given the extent of the economic contraction, there was a rising risk of dis…
PTI
2 mins read
Why the biggest global boom since World War II won't be good for everyone, according to the World Bank
The global economy is set to grow 5.6% in 2021, but developing economies are falling behind due to …
Ben Winck
1 min read
World's poorest countries witness 9.5% increase in external debts, says World Bank
The total external debt of the world's poorest countries increased by 9.5 per cent to a record $744…
4 mins read
India ranks 116 in World Bank's human capital index
Washington, Sep 17 () India has been ranked at the 116th position in the latest edition of the Worl…