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Global equities have received a boost this week as governments around the world gradually loosened their coronavirus lockdown restrictions. (AFP Photo)

Business

Asia shares rise on hopes of rapid economic recovery

Global equities have received a boost this week as governments around the world gradually loosened their coronavirus...

21 May 2020 8:55 AM IST

World Bank says covid19 to push 60 million into poverty; 160 billion assistance to 100 countries . (AFP Photo)

Business

World Bank estimates 60 million people may fall into extreme poverty...

The World Bank announced emergency operations worth USD 160 billion in 100 developing countries to fight the deadly...

20 May 2020 1:33 PM IST

Business

Asian equities rally stalls on lingering economic uncertainty

The World Bank warned the crisis could leave about 60 million in extreme poverty

20 May 2020 9:08 AM IST

Covid19 hit South Asia very hard, worst economic performance in 40 years says World Bank. (PTI Photo)

India

World Bank clears $1 billion for India's fight against coronavirus

This takes the total commitment from the World Bank towards emergency COVID-19 response in India to $2 billion.

15 May 2020 12:16 PM IST

An Indian ragpicker collects reusable material from a garbage dump. Coronavirus pandemic could plunge an extra 395 million people into extreme poverty. (AP Photo)

Business

Economic fallout from COVID-19 could push more than billion into...

The outlook for the world's poorest looks grim unless governments do more and do it quickly, says a UNU report

12 Jun 2020 12:03 PM IST

Global economy to plunge into worst recession since WW-II, says World Bank. (AFP Photo)

Business

World Bank says global economy to shrink 5.2%, worst recession since...

Per capita incomes are expected to decline by 3.6 per cent, which will tip millions of people into extreme poverty this...

9 Jun 2020 11:06 AM IST

The World Bank on Monday signed a 750 million dollar agreement with the government for MSME emergency response programme. (AFP Photo)

Business

World Bank, India sign Rs 5,600 crore support to COVID-19 hit MSMEs

The programme will address immediate liquidity and credit needs of nearly 15 lakh viable MSMEs

7 July 2020 10:31 AM IST

$Last year, India had raised \serious reservations\ over the Human Capital Index, wherein India was ranked 115 out of 157 countries. This year India finds itself at 116th from among 174 countries. (Representational Image: PTI)$ Business

India ranks 116 in World Bank's pre-pandemic human capital index

The Index update includes health and education data for 174 countries covering 98 per cent of the world's population up...

17 Sept 2020 2:46 PM IST

India

High energy prices hit industrial production, says World Bank

Industrial production in China and India has been negatively impacted by electricity shortages amidst insufficient...

25 Oct 2021 7:27 AM IST

Life

Climate change could force 216 million from their homes: World Bank

World Bank's vice president for sustainable development said that the data give a 'global estimate' of the scale of...

14 Sept 2021 3:11 AM IST

$Sri Lankan university students march during a protest over the countrys worst economic crisis in decades in Colombo, Sri Lanka, Sunday, April 24, 2022. Banner in Sinhalese reads, \lower taxes and prices\ (AP/Eranga Jayawardena)$ World

Poverty in Sri Lanka to spike this year, warns World Bank

The heightened fiscal and external risks as well as the challenging political situation pose significant uncertainty to...

26 April 2022 1:32 PM IST

A member of Sri Lankas opposition political party National Peoples Power waves countrys national flag as he participates in an anti-government protest rally in Colombo, Sri Lanka. (AP Photo/Eranga Jayawardena)

World

World Bank ready to provide emergency support to Sri Lanka: Report

The IMF has commended the steps already taken by the Finance Minister to mitigate the present financial situation in Sri...

20 April 2022 1:49 PM IST