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 replaces the Doing Business project, which had been the World Bank Group’s ..
Month: Current Affairs - May, 2023
Category: Reports & Indexes Current Affairs
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 World Bank’s private sector arm, IFC, launched the Global Food Security Platform ..
Month: Current Affairs - October, 2022
Category: Agriculture Current Affairs • Economy & Banking Current Affairs • International / World Current Affairs
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 to low- and middle-income countries (LMICs) to 4.2% in 2022 from 8.6% ..
Month: Current Affairs - May, 2022
Category: Reports & Indexes Current Affairs
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 access to affordable housing. The agreement signed has two projects under it- ..
Month: Current Affairs - June, 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 on 24th June 2020 for improving the quality and governance of school ..
Month: Current Affairs - June, 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 Association is an international financial institution that is a part of the ..
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 of India for a period of three years as per the official ..
Month: Current Affairs - January, 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 project in 2011. This penalty on cash-strapped Pakistan is one of the ..
Month: Current Affairs - July, 2019