Tag: World Bank

August 9, 2022

United States through the World Bank will allocate $ 4.5 billion to Ukraine for social benefits

The United States through the World Bank will provide $4.5 billion in additional assistance. The funds will be used for social transfers, medical services and pensions The United States, through the Agency for International Development (USAID), will provide the government of Ukraine with $4.5 billion in assistance to help reduce the acute budget deficit. This was reported on the agency's website. “These funds, provided by […]

April 23, 2020

Remittances to India may decline by 23%: World Bank

As a result of the deadly coronavirus pandemic, which has resulted in a global recession, remittances to India are likely to drop by 23 per cent from $83 billion last year to $64 billion this year, the World Bank has said. Globally remittances are projected to decline sharply by about 20 per cent this year due to the economic crisis induced by the COVID-19 pandemic […]

April 15, 2020

‘GDP projections by World Bank, IMF too optimistic’

Former chief economic adviser (CEA) Arvind Subramanian on Wednesday said the GDP (gross domestic product) numbers being projected by the World Bank and IMF (International Monetary Fund) for India are far “too optimistic” and the country would require additional expenditure of Rs 10 lakh crore to bring the coronavirus-hit economy back on track.

March 4, 2020

IMF, World Bank to help member nations

IMF and the World Bank have vowed to help member countries overcome the economic challenges posed by the coronavirus outbreak, while the G7 countries promised to use all appropriate tools to achieve strong sustainable growth and guard against downside risks.

February 6, 2020

World Bank chief economist announces resignation

World Bank chief economist Pinelopi Koujianou Goldberg on Wednesday announced she will be leaving the institution, according to a letter sent to colleagues and obtained by AFP. Calling it a “difficult decision,” Goldberg wrote that she will step down from her post on March 1 to return to teaching at Yale University.