More measures are being advocated to protect vulnerable industries

While targeted subsidies to sectors worst hurt by high fuel costs would be an efficient short-term fix, the World Bank recommended the Philippines and its neighbours implement further agricultural reforms to keep food prices steady in the long run.

Ndiamé Diop, World Bank country...

Countries like Thailand, Laos and Cambodia to Stand the Best Chance at Most Benefit from RCEP

A research paper published by the World Bank states that Cambodia holds the third place among the countries that have the best chance to benefit, in terms of real income, from the Regional Comprehensive Economic Partnership (RCEP) between 15 countries that are located in the East Asia Pacific reg...

World Bank Announces New 3.75 million US Dollar Grant For Palestinians Amid the Pandemic

The World Bank has issued another grant worth 3.75 million US dollars to the ongoing Covid-19 emergency response in the West Bank and Gaza in Palestine. The financial assistance will support the Palestinian authorities in responding to the threat posed by the pandemic while ensuring that the citi...

WORLD BANK PRESIDENT IS BETTING ON US, CHINA & INDIA FOR FASTER GLOBAL GROWTH

Highlights

• The World Bank President has said here is also the concern of inequality in terms of vaccinations and median income, that is not going upwards at very fast pace for some nations

• Malpass said that “There’s the good news that there is faster ...

JAPAN TO LOAN $90 MIL. TO TATA CLEANTECH FOR GREEN PROJECTS

Highlights –

• Japan to loan $90 mil. to Tata Cleantech for green projects.
• The deal has been signed between JICA and Tata Cleantech Capital Ltd.
• India has pledged to reduce greenhouse gas emissions per GDP by 33%-35% by 2030.

THAILAND GETS US$5 MILLION TO SAVE OZONE LAYER DEPLETION FROM THE WORLD BANK

HIGHLIGHTS

• A US$5 million deal is signed between Thailand and the World Bank today on 8 Sept, to reduce synthetic ozone-draining substances by 2023 to 60 percent. This will mark as a major aspect of the nation's commitments under the Montreal Protocol.
...

ONLY 4% OF POLAND'S FIRMS SACKED EMPLOYEES AMID EPIDEMIC

HIGHLIGHTS

• A survey says that in Poland, only 4% companies sacked their employees amid epidemic.
• Survey was carried out by World Bank and PARP.
• World Bank economist ?ukasz Mar? said that Polish companies were not giving up.
• Rathe...

INDIAN ECONOMY WILL SEE A VERY SHARP RECOVERY IN Q3 AND Q4 OF THE CURRENT FISCAL: N.K. SINGH

Highlights

• On a whole this fiscal year will end up in the negative territory said N.K. Singh

• At the end of previous fiscal, India’s economic growth was standing at an estimated 4.3 percent

• Various global and domestic agencies had predicted ...

PM NARENDRA MODI INVITES THE WORLD TO INVEST IN INDIA

Addressing the inaugural event at the India Global Week 2020, the Prime Minister of India, Narendra Modi today invited the world to invest in India stating that the Indian economy is already showcasing signs of recovery. The event termed as one of the biggest international event’s on India&...

WORLD BANK CALLS SOUTH KOREA ‘COVID-19 SAFE SPOT’

HIGHLIGHTS

• World Bank is positive about South Korea‘s coronavirus crisis.
• World Bank has asked its infected employees to seek treatment in neighboring countries if the necessary procedures are not available in the country they are in.

INDIAN ECONOMY TO CONTRACT 3.2 PERCENT IN 2020-21: WORLD BANK

Highlights

• The World Bank said the stringent measures including the lockdown that heavily curtailed the economic activity is the primary reason for the contraction of economy

• International rating agencies including Fitch Rating, S&P Global Ratings and Moody&r...

China slows down global innovation: ITIF

The Information Technology and Innovation Foundation (ITIF) published a report this week. The conclusions of the report suggest that global innovation is being slowed down by China’s trade practices and strong support for its businesses. It also harms technological progress. Most affected c...

Germany to launch green bonds in 2020

The World Bank and the European Investment Bank started green bonds which created lumpsum of investments in sustainable projects such as ecosystem protection, renewable energy, energy efficiency, climate-related projects, etc. which accounts to trillion of dollars. Their essential role provides t...

The World Bank is supplying Indonesia with $55 million in geothermal energy

The World Bank said Friday it will extend a US$ 55.25 million grant to Indonesia to promote the development of the country's geothermal power plant, which aims to become the largest geothermal producer in the world.

The bank said in a statement that the grant would finance the Geoth...

Ethiopia To obtain $3 billion in loans from the World Bank , Abiy Ahmed

Prime Minister Abiy Ahmed said on Friday that in his historically state-controlled economy, Ethiopia would obtain $3 billion from the World Bank to help improve reforms.

Two days ago, the International Monetary Fund said it had reached a tentative agreement to support Ethiopia's eco...

Present in the demolition

Some days, the World Bank and International Monetary Fund economists need to feel pretty fortunate. We are working for just about the only institutions set up after World War II that are not in the midst of a crisis of identity. The collapse of the post-war world's economic and security syste...

2019 has turned out to be a bad year for the economy of India

With the recession, job loss and companies winding up operations, 2019 has turned out to be a bad year for the economy of India. In the second quarter, the GDP growth rate fell to its lowest for six years. The estimates released by the Central Statistics Office (CSO) revealed that India's GDP...

Alarm from the world bank for Indian finance

The financial condition of the Indian finances has been in shambles for a very long time and there has been no hope seen in Indian finance since the government is not addressing the financial trouble of the nation and turning a blind eye to it.

The world is seeing the economy of India c...

Indian economy slow yet fast?

The Indian economy has been slowing down since the global economic slowdown has started and it has hit India hard very soon which has given rise to some serious concerns. This has caused its projected growth to drop to 6.0 percent in 2019. Despite this, it is still a growing economy with good pot...