Focus Merit

Tag: World Bank

India and World Bank ink $400 million projects to protect India’s poor

December 17, 2020
World Bank
  • The Government of India and the World Bank have inked a $400 million project to guard vulnerable groups in urban and peri-urban areas across the country affected by COVID-19.
  • This is the second such assistance in the series of two ‘Accelerating India’s COVID-19 Social Protection Response Programme’. Under the first operation, $750 million was recommended by World Bank in May 2020.

Former World Bank President James Wolfensohn passes away

November 27, 2020
James Wolfensohn
  • Australian-American lawyer, investment banker, and economist James Wolfensohn, who worked as the President of the World Bank for 10 years, passed away.
  • He had worked as the ninth president of the World Bank Group from 1995 to 2005.

DIPAM signs agreement with World Bank

November 19, 2020
World Bank
  • Department of Investment and Public Asset Management (DIPAM) has inked an agreement with the World Bank, to give advisory services to DIPAM for asset monetization.
  • DIPAM has a framework for monetizing non-core assets.

World Bank: India’s GDP to contract by 9.6% in FY-21

October 9, 2020
World Bank
  • The World Bank projected India’s GDP to contract by 9.6% this FY-21 in its latest report titled ‘South Asia Economic Focus’.
  • The World Bank earlier in June had estimated the Indian economy to shrink by 3.2% in the current fiscal.