World Bank: GK, Current Affairs, Questions, Trivia and News

Economic situation to be the worst since the 1997 Asian Financial Crisis

The recently released World Bank report predicted that the economic situation in the near future could be the worst since the 1997 Asian Financial Crisis. 1997 Financial Crisis The 1997 Asian Financial Crisis is also known as the Asian Contagion. It was a sequence of currency devaluations in the region leading to decline in the ..

World Bank predicts widespread poverty in East Asia and Pacific regions

In its recently released revised forecast, the World Bank predicted that millions in the East Asia and Pacific region would enter poverty due to the impact of the pandemic on economy. WB’s Observation The World Bank forecasted that millions in countries of East Asia and Pacific region, like China, could enter poverty due to the ..

$80 million loan agreement signed to improve water management and increase agricultural productivity in Himachal Pradesh

The Government of India, state government of Himachal Pradesh and the World Bank recently signed an $80 million loan agreement to improve water management practices and increase agricultural productivity in certain Gram Panchayats in Himachal Pradesh. ‘The Integrated project for source sustainability and climate resilient rain-Fed Agriculture’ project in Himachal Pradesh will be implemented in 428 Gram Panchayats, which is ..

Ministry of Women and Child Development organizes discussion on “The Future of Work: Women in India’s Workforce”

Union Ministry of Women and Child Development organised a discussion on “The Future of Work: Women in India’s Workforce”, in association with World Bank in New Delhi. Minister of Women and Child Development Smriti Zubin Irani inaugurated the programme along with Dr. Junaid Kamal Ahmad, Country Director India, World Bank. As a part of events ..

World Bank to provide USD 12 billion to fund the tackling of coronavirus outbreak

The World Bank has recently announced a USD 12 billion fast-track aid package that will provide funds to help countries for tackling the coronavirus outbreak. As per the notification of the World Bank President David Malpass, the funds are targeted to the poorest nations of the world and it can be used for medical equipment, ..

“Delivering Road Safety in India” report released

World Bank has released a report titled “Delivering Road Safety in India” during the ongoing ‘Third Global Ministerial Conference on Road Safety’ in the capital of Sweden, Stockholm. As per the report, India has to invest an estimated amount of additional $109 billion in road safety in the next decade.  With the investment, economic benefits ..

Centre and World Bank signs loan agreement to support Atal Bhujal Yojana

The Indian government and the World Bank recently signed a USD 450 million loan agreement to support the national programme Atal Bhujal Yojana (ABHY). The National programme was launched with an objective of arresting the groundwater depletion and strengthening groundwater institutions. The World Bank-supported programme will be implemented in the states of Gujarat, Maharashtra, Haryana, Karnataka, Rajasthan, ..

World Bank’s Chief economist announces resignation

The Chief economist of World Bank, Pinelopi Koujianou Goldberg recently announced her resignation. The economist is expected to step down from her role on March 1 and return to teach at Yale University. Pinelopi Koujianou assumed charge as the Chief economist at the end of April 2018. World Bank President David Malpass announced that Research ..