IREDA to Open Office in GIFT City, Gujarat, to Fund Renewable Energy Projects
On Friday, the state-run Indian Renewable Energy Development Agency (IREDA) said it plans to open an office in Gujarat’s GIFT city to finance renewable energy...
Tag : World bank
World Bank Slashes India’s Economic Growth Forecast to 6.5% for FY23
On Thursday, the World Bank slashed its economic growth of India by a per cent to 6.5 per cent for the financial year 2022-23. For...
Punjab Gets $150 Million Loan From World Bank
To improve the public service in Punjab, the World Bank has granted a loan of $150 million for financial resources and to ensure accessible public...
Global Recession Has Emerged Amid 5 Years of Massive Rate Hikes, World Bank Says
The World Bank said in a new report that the global economy could face a recession next year due to a wave of aggressive tightening,...
World Bank Notices Growing Risk of Global Recession in 2023
On Thursday, the World Bank said that the world is likely to witness a global recession as central banks across the globe simultaneously hike interest...
World Bank Approves $562 Million Funding for 3 Projects in India
The World Bank has approved three loans totalling $562 million (approximately 4,393.7 crore rupees) to fund education projects in Gujarat, social protection programmes in Tamil...
World Bank Cuts India’s FY23 GDP Forecast to 7.5%
On Tuesday, The World Bank downgraded India’s real GDP growth forecast for the fiscal year 2022-23 (FY23) to 7.5% from 8% amid inflationary pressures, supply...
World Bank Board Approves $1.49 Billion in New Funding for Ukraine
On Tuesday, The World Bank said its executive board approved $1.49 billion in additional financing for Ukraine to help pay the government and social workers,...
World Bank to Disburse $700 Million to Crisis-Hit Sri Lanka: Finance Minister
The Foreign Minister of Sri Lanka has announced nearly $700 million World Bank will disburse Sri Lanka within the next few months. On Monday, the...
World Bank Introduces India’s Move of Selling Oil From its Stockpiles
World Bank President David Malpass has welcomed India’s move to begin selling oil from its stockpiles, asserting that the world needs to take essential steps...