Tag «world bank»
Despite Current Downturn, Long-Term Growth Prospects for India are Bright, World Bank says
New Delhi, April 30, 2013 – India is regaining economic momentum and growth is expected to recover gradually to its high long-term potential, says the latest India Development Update of the World Bank. According to the Update, a twice yearly report on the Indian economy and its prospects, economic growth is likely to accelerate to …
World Bank Launches South-South-North Knowledge Exchange Facility on Clean Energy
New Delhi, April 18, 2013 – The World Bank today launched a South-South-North Knowledge Exchange (SSNKE) facility at the 4th Clean Energy Ministerial (CEM) meeting in New Delhi. The Facility will enable exchange of ideas and experiences in clean energy among the members of the CEM, a high level global forum to advance clean energy …
World Bank Group President Jim Kim to visit India
Kim to meet government leaders to discuss development challenges New Delhi, March 8, 2013—World Bank Group President Jim Yong Kim will visit India on March 11-13 to see firsthand some of the development challenges India faces, as well as the opportunities it could exploit to achieve faster economic growth and a quicker reduction in poverty. …
World Bank refuses to review its support for logging in tropical rainforests despite criticism from its own independent evaluators
Washington, 11th February 2013 – The World Bank Board of Directors has blocked a call by independent evaluators to review the outcomes of the Bank’s support for industrial-scale logging in tropical rainforests. The evaluators concluded in a report published last Friday that such operations have not been effective in reducing poverty, the World Bank’s core …
World Bank urges developing countries to safeguard economic growth, as road ahead remains bumpy
WASHINGTON, January 16, 2013 – Four years after the onset of the global financial crisis, the world economy remains fragile and growth in high-income countries is weak. Developing countries need to focus on raising the growth potential of their economies, while strengthening buffers to deal with risks from the Euro Area and fiscal policy in …
Developing countries to receive over $400 billion in remittances in 2012, says World Bank report
New Delhi, November 21, 2012 – Remittance flows to the developing world are expected to exceed earlier estimates and total $406 billion this year, an increase of 6.5 percent over the previous year, according to a new World Bank brief on global migration and remittances. Remittances to developing countries are projected to grow by 7.9 …
Statement by the Finance Minister of India Shri P. Chidamabaram at the 26th Meeting of the International Monetary and Financial Committee (IMFC) in Tokyo
Statement made by the Union Finance Minister and Leader of the Indian Delegation Shri P. Chidamabaram at the 26th Meeting of the International Monetary and Financial Committee (IMFC) in Tokyo yesterday (Representing the Constituency consisting of Bangladesh, Bhutan, India and Sri Lanka) Mr. Chairman, We are meeting at a time when the global economy is …
World Bank’s India Economic Update – September 2012 – Where is India’s economy headed
India’s economic growth has slowed to a pace not seen since the beginning of the 2000s. At the same time, the current account deficit has reached a record high. We project growth in the current fiscal year to reach around 6%, a slowdown from the already low 6.5% growth in the previous year. This growth …
Finance Minister Shri P. Chidambram leaves for his first Official Visit Abroad tonight to attend Annual Meetings of World Bank and IMF in Tokyo
The Union Finance Minister Shri P. Chidambram is leaving tonight on an official tour to Tokyo, Japan to attend Annual Meetings of World Bank and IMF. He will also attend BRICS Finance Ministers’ and G 24 Ministerial Meeting also during his aforesaid visit. The Finance Minister will also hold bilateral meetings with Finance Ministers of …