International Bank for Reconstruction and Development Current Affairs, GK & News

India-World Bank sign Agreements to provide affordable housing

On June 29, 2020, India and World Bank signed agreements worth 250 million USD to promote private sector to develop affordable housing in Tamil Nadu. Highlights The affordable housing is to be constructed in the state of Tamil Nadu. The funds are to be provided through the International Bank for Reconstruction and Development of the ..

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International Development Association

The World Bank and IMF launched several financial initiatives to help out the IDA countries in times of the COVID-19 crisis. About IDA The IDA or International Development Association is an international financial institution that is a part of the World Bank Group. It was established in 1960 and headquartered in Washington D C. It ..

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Loan signed with World Bank for Agribusiness & Rural Transformation Project in Maharashtra

The Government of India, the state government of Maharashtra and the World Bank signed a loan agreement of USD210 million for the Agri-business and Rural Transformation Project in Maharashtra. The fund will help small and marginal farmers to increase their market access and assist them to participate in the value chains. The farmers are encouraged ..

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David Malpass elected as new President of World Bank

David Malpass, a top US Treasury official in Trump administration, was unanimously selected as the new President of the World Bank for a period of five-years. The World Bank President is Chair of Boards of Directors of the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA). The President is also ex ..

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World Bank signs loan pact for NRETP to boost rural incomes in India

On 4th March 2019, the World Bank (WB) and the Government of India (GoI) has signed a $250 million loan agreement for the National Rural Economic Transformation Project (NRETP) to boost Rural Incomes across 13 States in India. The loan will help women in rural households develop viable enterprises for farm and non-farm products. The ..

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