Current Affairs

GK MCQs Section

World Bank Group

World Bank’s Business Ready Project

The World Bank Group has recently launched a new project called Business Ready, which aims to assess the business and investment climate in economies worldwide. This new initiative...

May 2, 2023

IFC’s Global Food Security Platform

International Finance Corp. (IFC) has launched Global Food Security Platform to strengthen the private sector’s ability to respond to food crisis and boost food production. Key facts The...

October 8, 2022

World Bank’s Migration and Development Brief- Update

The World Bank released its latest Migration and Development Brief. What are the highlights of the report? The Russia- Ukraine war will slow the growth of remittance flows...

May 19, 2022

Indian Government signs agreement for Two Projects in Tamil Nadu with World Bank Group

On 29th June 2020, an agreement was signed between the World Bank Group and the Government of India for providing urban poor in the state of Tamil Nadu...

June 29, 2020

World Bank Group Approves USD 500 Million under STARS Program

On 28th June 2020, the World Bank Group has announced that a loan of USD 500 million (approx Rs 3700 crore) was approved by its Board of Executives...

June 29, 2020

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...

April 20, 2020

Challa Sreenivasulu Setty appointed as MD of SBI

Challa Sreenivasulu Setty, who is currently serving as the Deputy managing director of the country’s largest lender, has been appointed as the managing director of the State bank...

January 21, 2020

International arbitration court imposes $5 billion penalty Pakistan

International Arbitration Court has imposed over $5 billion penalty on Pakistan for unlawful denial of a mining lease to a company called Tethyan Copper Company for Reko Diq...

July 16, 2019

Anshula Kant appointed as MD & CFO of World Bank (WB)

Anshula Kant, Managing Director of State Bank of India (SBI), has been appointed as MD and Chief Financial Officer (CFO) of the World Bank (WB). She will be...

July 13, 2019

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...

April 6, 2019

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