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 ..

Tags: Ease of Doing Business • Ease of Doing Business Report • World Bank Group

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 ..

Tags: food insecurity • global food crisis • Global Food Security • International Finance Corporation • International Finance Corporation (IFC)

Month: Current Affairs - October, 2022

Category: Agriculture Current Affairs • Economy & Banking Current Affairs - 2022 • 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% ..

Tags: 2022 Russian Invasion • Migration and Development Brief • remittances • Russia • Ukraine

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- ..

Tags: International Bank for Reconstruction and Development (IBRD) • Tamil Nadu • World Bank Group

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 ..

Tags: Himachal Pradesh • International Bank for Reconstruction and Development (IBRD) • Kerala • Madhya Pradesh • Rajasthan

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 ..

Tags: COVID-19 • International Bank for Reconstruction and Development • World Bank Group