World Bank Current Affairs, GK & News

What is Great Green Wall Initiative?

The Great Green Wall for Sahel and Sahara Initiative recently received 14 billion USD funds at the recent One Planet Summit for Biodiversity. The funding is to be used to restore degraded land, strengthen resilience, create green jobs and protect biodiversity. Among the financiers, the World Bank has committed 5 billion USD, African Development Bank ..

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Regulatory Compliance Portal lunched by DPIIT

The Department for Promotion of Industry and Internal Trade (DPIIT) recently launched a regulatory compliance portal. The portal is to act as a bridge between the industries, citizens and the government in minimising burdensome compliances. About the Portal It is the first central online repository portal for all state and central level compliances. The portal ..

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Malaysia’s 3.7 billion USD package

The Malaysian Government recently unveiled 3.7 billion USD package to help the economy recover from impacts of COVID-19. The package amounts to 1.1% of GDP of Malaysia. The package was announced as the country struggled to curb its third wave of COVID-19 infections. About the package The 3.7 billion USD package of Malaysia includes cash ..

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One Planet Summit

The One Planet Summit was held on January 11, 2021. The summit aims to advance the protection of nature. What is One Planet summit? The One Planet summit is an international event that focused on biodiversity to mobilize commitments to protect the ecosystems and make links to human health. What is the aim of One ..

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Global Economic Prospects Report

The World Bank recently released the Global Economic Prospects report. What are the key findings of the Global Economic Prospects report? According to the report the Indian economy is to contract by 9.6% in 2020-21.  The Indian economy is to recover 5.4 percent in 2021-22.  The contraction in Indian economy will be mainly due to ..

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