World Bank’s USD 125 million Loan to West Bengal

An IBRD (International Bank for Reconstruction and Development) loan of USD $125 million has been offered to West Bengal by the World Bank to help poor and vulnerable groups through social protection services in the state. Overview: Over 400 programs ..



Indian PMO secretaries to hold key positions in WTO, World Bank

The Private secretary of Prime Minister Modi Rajeev Topno was recently appointed as the Senior Advisor to the Executive Director of World Bank. Also, a joint secretary at the Prime Minister Office (PMO) was appointed to the World Trade Organization ..


World Bank approves 1 billion USD to India

On May 15, 2020, the World Bank approved 1 billion USD aid to India to accelerate “India’s COVID-19 Special Protection Response Programme”. The fund will be used to provide social assistance to poor, severely impacted and vulnerable households. Highlights Of ..


Indian American nominated as OECD Envoy by the US President Trump

On May 6, 2020, the US President Donald Trump appointed Indian American Diplomat Manisha Singh as his envoy to OECD (Organization for Economic Cooperation and Development). Highlights Manisha Singh was the secretary of State for Economic and Business Affairs. She ..


Indian American appointed as US representative to IBRD

On May 5, 2020, the US President Donald Trump had nominated Indian American Ashok Michael Pinto as the US representative to IBRD (International Bank of Reconstruction and Development). Highlights Mr Pinto replaced Erik Bethel. Mr Bethel resigned from the post. ..


Government inks $100 Million loan agreement for Project to Boost Rural Economy of Tamil Nadu

The Union Government has inked $100 million Loan Agreement with World Bank for Project to Boost Rural Economy of Tamil Nadu. The loan is from the International Bank for Reconstruction and Development (IBRD) and has a 5-year grace period and ..