International Development Association Current Affairs, GK & News

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 ..

India-World Bank project to protect Indian poor

A project worth $400 million was signed between the Indian Government and the World Bank to protect India’s poor and vulnerable population affected by the adverse economic crisis caused by the pandemic. The credit is from the International Development Association of the World Bank. About the loan The 400 million USD will help in accelerating ..

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World Bank’s loan for Himanchal Pradesh State Roads Transformation Projects

World Bank and the government of Himachal Pradesh signed $82 million loan for the implementation of Himachal Pradesh State Roads Transformation Project. Key facts The project will strengthen the transport and road safety institutions of Himachal Pradesh. It aims at improving the condition, safety, resilience, and engineering standards of state road network. The Himachal Pradesh ..

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USD 1.05 Billion Approved by World Bank for 3 Projects in Bangladesh

The World Bank has announced on 19th June 2020 that it had approved a USD 1.05 billion for helping the economy of Bangladesh to bounce back by creating more and better jobs. Bangladesh to date has received financial aid of more than USD 13 billion of loans from the International Development Association (IDA, a part ..

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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 as an ambassador Highlights Besides these officers, five other officers have been appointed abroad where ..

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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 the 1 billion USD aid, around 550 million USD is to be credited by the ..

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