A team led by Luis Benveniste, Global Director of Education, visited the Vidya Samiksha Kendra in Gujarat’s Gandhinagar along with participants from Mali, Guinea, Mauritania, Burkina Faso, Togo, Central African Republic, Benin, Liberia, Sierra Leone. About 65 people, including education ministers and dignitaries from Lyon, Nigeria, Cameroon, Mongolia, and Ghana […]
Afghanistan facing catastrophic food crisis: World Bank
Afghanistan is among one of the seven countries which face a catastrophic level of food crisis, the World Bank highlighted in its report, Khaama Press reported. According to the report, the seven food crisis-hit countries include Afghanistan, Burkina Faso, Haiti, Nigeria, Somalia, South Sudan, and Yemen. The number of people experiencing food crises in these countries […]
Sri Lanka among 10 countries with highest food price inflation: World Bank
Sri Lanka is ranked fifth among the 10 countries with the highest food price inflation in the world, according to the latest World Bank assessment. In its Food Security update, the World Bank said trade policy actions on food and fertilizers have surged since the beginning of the war in Ukraine. Countries actively used trade […]
USD 150 million aid by World Bank comes as relief to Afghan farmers under Taliban regime
The World Bank has granted USD 150 million in aid to Afghan farmers as food security continues to plummet in the country due to the ongoing invasion of Ukraine by Russia. According to the UN’s Food and Agriculture Organization (FAO), aid has been provided to the farmers to enhance their […]
World Bank expresses grave concern over perpetration of violence in Sri Lanka
After clashes broke out in Sri Lanka where the protestors came under attack by the pro-government supporters, the World Bank (WB) has expressed deep concerns over the deteriorating situation in the Island Nation. The developments come even as nationwide protests against the government have intensified over the past few days […]
World Bank says Sri Lanka’s economic outlook uncertain, needs urgent policy measures
Sri Lanka needs urgent policy measures to address its high levels of debt and debt service, reduce the fiscal deficit, and restore external stability, the World Bank said in its twice-a-year regional update. The island nation faces a highly uncertain economic outlook due to fiscal and external imbalances. Released on […]
World Bank puts on hold four projects in Afghanistan worth USD 600 mn over ban on girls attending school
The World Bank has announced that they have put on hold four projects in Afghanistan worth USD 600 million following the Taliban’s decision to ban girls from attending school above the sixth grade in the country. The projects that were funded by Afghanistan Reconstruction Trust Fund (ARTF) concentrated on agriculture, education, health, and livelihood, […]
World Bank approves USD 723 million support for Ukraine
The World Bank on Monday approved a USD 723 million package of loans and grants for Ukraine, providing government budget support amid the all-out conflict with Russia. The international lender approved a supplemental budget support package for Ukraine, called Financing of Recovery from Economic Emergency in Ukraine – or FREE […]
World Bank stops all its projects in Russia, Belarus with ‘immediate effect’
The World Bank on Wednesday (local time) has stopped all its programs in Russia and Belarus with “immediate effect” in response to Moscow’s military operations in Ukraine. “The World Bank Group has not approved any new loans to or investments in Russia since 2014. There has also been no new […]
World Bank approves plan to use USD 1 bn frozen Afghan funds for education, health
The World Bank on Tuesday approved a plan to use USD 1 billion frozen Afghan funds for aid urgently needed for education, agriculture, health and family programmes. The executive board of the World Bank plan will bypass sanctioned Taliban authorities by disbursing the money through UN agencies and international aid groups, reported Tolo News. It will provide a major boost to efforts to […]
Myanmar economy to be severely tested, growth projected at 1 pc: World Bank
Myanmar’s economy will be severely tested by the ongoing impacts of the military coup and the surge in COVID-19 cases in 2021, the World Bank said in its latest report. The World Bank’s Myanmar Economic Monitor, released earlier this week, projects growth of 1 percent in the year to September 2022. This comes following an expected […]
IMF board seeks more details on probe into World Bank report on China
The International Monetary Fund (IMF) will request additional details of the ongoing probe into the activities of the organization’s Managing Director Kristalina Georgieva when she was the World Bank’s CEO. “The Executive Board remains committed to a thorough, objective, and timely review. While the Board has made significant progress in its assessmnt, it agreed at today’s […]
World Bank approves 130 million USD to help Kenya fight Covid-19
The World Bank said it has approved 14 billion shillings (about 130 million U.S. dollars) additional financing to help Kenya facilitate affordable and equitable access to COVID-19 vaccines. The lender said in a statement released on Monday that the financing will enable Kenya to procure more vaccines through the African Vaccine Acquisition Task Team (AVATT) initiative and the COVID-19 Vaccines […]
India bounced back big way but not out of woods: World Bank
India’s economy has bounced back amazingly from the COVID-19 pandemic and nationwide lockdown over the last year, but it is not out of the woods yet, according to the World Bank, which in its latest report has predicted that the country’s real GDP growth for fiscal year 21/22 could range from 7.5 […]
Myanmar police raid protest district as World Bank halts some payments
Myanmar police launched a crackdown overnight in a Yangon district after breaking up a protest to oppose a military appointed local official, as the World Bank halted payments to projects in the country that were made after the February 1 coup. The Southeast Asian country has been in crisis since […]