World Bank Current Affairs, GK & News

World Bank

World Bank, which has official goal of reduction of poverty, provides loans to developing countries for capital programmes. World Bank comprises only two institutions viz. the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). In contrast, World Bank Group comprises three more viz. International Finance Corporation (IFC), Multilateral Investment Guarantee ..

World Bank: 21 million to be out of Covid-induced poverty

The World Bank cut back on the Covid-induced poverty estimates by 21 million on September 15, 2021. Highlights World bank also said that, the global poverty may be turning the corner on pandemic in 2021. It also warned that the number of poor in the backdrop of Covid was still unprecedented. Implications of this estimate ..

Month: 

Category: 

Topics: 

World Bank stops funding of projects in Afghanistan

World Bank has stopped funding for projects in Afghanistan after the Taliban seized control in the country. Key facts World Bank also raised concerns over how the Taliban offensive will affect development prospects in Afghanistan, especially with respect to women. Recently, IMF also announced that Afghanistan will no longer be able to access resources from ..

Month: 

Category: 

Topics: 

World Bank adds $8 billion more for Covid vaccines

World Bank recently added $8 billion to finance Covid-19 vaccines, which expands financing available for vaccines to $20 billion for developing countries. Key Points Earlier World Bank had announced $12 billion. Funding will be available through 2022. World Bank Chief called on countries with surplus doses to donate it for use by developing countries. He ..

Month: 

Category: 

Topics: 

Govt to link e-courts with land records

Centre government has planned to link e-court with land records and registration base in order to help bonafide buyers know if land is under any legal dispute. Key Points As of now, pilot project on linking eCourt with land records and registration database has been completed in states of Uttar Pradesh, Maharashtra and Haryana. Department ..

Month: 

Topics: 

World Bank sanctions funds for Andhra’s SALT programme

According to Education Minister of Andhra Pradesh, Adimulapu Suresh, International Bank for Reconstruction and Development (IBRD) has sanctioned funds of Rs 1,860 crore to implementation of SALT programme. What is SALT Programme? SALT programme stands for “Supporting Andhra’s Learning Transformation” programme. This programme was launched with the aim of improving learning outcomes, quality of teaching ..

Month: 

Category: 

Topics: