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 ..
Month: Current Affairs - June, 2020
Category: India Nation & States Current Affairs
Topics: Affordable housing • Government of Tamil Nadu • India and the World Bank • International Bank for Reconstruction and Development • World Bank
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 ..
Topics: COVID-19 • International Bank for Reconstruction and Development • World Bank Group
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 ..
Month: Current Affairs - January, 2020
Topics: Agribusiness and Rural Transformation • Government of India • Government of Maharashtra • International Bank for Reconstruction and Development • World Bank
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 ..
Topics: David Malpass • Economy • International Bank for Reconstruction and Development • International Centre for Settlement of Investment Disputes • International Finance Corporation • Miga • Multilateral Investment Guarantee Agency • Organizations • United Nations Development Group • World Bank • World Bank Group • World economy
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 ..
Topics: Economy • Finance • International Bank for Reconstruction and Development • Microfinance • National Bank for Agriculture and Rural Development • Organizations • Rajiv Gandhi Mahila Vikas Pariyojana • Self-help group • United Nations Development Group • World Bank