Washington, July 9 (IANS) Global economic institutions said that the world economy has remained broadly resilient despite the shock from the war in the Middle East, but warned that uncertainty remains high and urged continued international cooperation to safeguard trade, energy supplies and economic stability. The International Energy Agency (IEA), International Monetary Fund (IMF), World Bank Group (WBG) and World Trade Organization (WTO) issued a joint statement after a meeting of their high-l…
Latest World Bank Group News & Updates
Bhubaneswar, July 3 (IANS) The Odisha government on Friday signed a Memorandum of Cooperation (MoC) with IHI Corporation, a leading Japanese Industrial company, and the Gurugram-based ACME Group to promote collaboration in clean energy, advanced manufacturing and industrial development. According to an official statement issued by the Chief Minister’s Office (CMO), the state government also hosted an “Interaction with Japanese Business Delegates” during the signing of MoC.“The MoC reflec…
Chandigarh, June 23 (IANS) Punjab Bharatiya Janata Party (BJP) President Kewal Singh Dhillon has written to World Bank Group President Ajay Banga, acknowledging his remarks on the state’s rural economy. In a letter, Dhillon said Banga’s observations had opened an important conversation on Punjab’s economic realities, one that deserved thoughtful engagement rather than political point-scoring.Referring to Banga’s remarks, Dhillon noted that Punjab’s youth faced economic vulnerability, c…
Washington, June 11 (IANS) The World Bank Group said on Thursday it is prepared to deploy up to $100 billion over the next 15 months to help developing countries cope with the economic fallout from the conflict in the Middle East, as rising energy prices and slowing growth place fresh pressure on vulnerable economies.The multilateral lender said it is immediately making available between $50 billion and $60 billion through existing instruments, including $25 billion in pre-arranged financing, to…
Ahmedabad, June 9 (IANS) Union Food Processing Industries Minister Chirag Paswan on Tuesday inaugurated the SAPLING (South Asian Policy Leadership for Improved Nutrition and Growth) Dialogue 2026 in Ahmedabad, bringing together policymakers, industry leaders, development agencies, researchers and entrepreneurs from across South Asia to discuss ways to strengthen food processing ecosystems, generate employment and build sustainable food systems in the region. The two-day regional high-level polic…
Ahmedabad/New Delhi, June 9 (IANS) South Asia, and particularly India, can unlock significant opportunities for employment, investment, economic growth and poverty reduction through agricultural and food transformation with the help of key government initiatives, the World Bank Group said on Tuesday.The Ministry of Food Processing Industries (MoFPI), in collaboration with the World Bank Group-led SAPLING initiative, inaugurated the Regional High-Level Policy Dialogue in Ahmedabad.At the ‘SAPLI…
Washington, May 30 (IANS) US President Donald Trump ended a two-hour Situation Room meeting on a proposed Iran agreement without announcing a decision, media reports said.Trump had earlier said he would make a “final determination” on a proposal aimed at extending a ceasefire with Iran, reopening the Strait of Hormuz and launching negotiations over Tehran’s nuclear programme.However, after the meeting concluded, the White House offered no indication that a final decision had been reached.CNN rep…
Seoul, May 3 (IANS) Finance Minister Koo Yun-cheol on Sunday called for strengthening regional cooperation in responding to growing external economic uncertainty from the U.S.-Israeli war against Iran, the finance ministry said.Koo made the call during the 29th meeting of ASEAN+3 finance ministers and central bank governors held Sunday in Samarkand, Uzbekistan, according to the ministry, reports Yonhap news agency.ASEAN+3 involves member states of the Association of Southeast Asian Nations (ASEA…
New Delhi, April 19 (IANS) India is pairing artificial intelligence with digital public infrastructure, local‑language systems and governance safeguards helping farmers, women and village institutions can use AI directly rather than through urban intermediaries, a report has said.The report from One World Outlook said India’s approach counter structural challenges such as weak physical infrastructure and high friction in language, literacy, and access.It made services legible, local and usable…
Washington, April 16 (IANS) The World Bank Group has launched a global initiative to improve water security for one billion people by 2030, linking access to reliable water directly to jobs, economic growth and stability across developing economies. The platform, called Water Forward, aims to align reforms, financing and partnerships to expand water services and strengthen resilience to droughts and floods.“Water is foundational to how economies function. When water systems work, farmers produ…