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world bank

News Reports

In dire need of wheat, Egypt seeks $500 million from World Bank for its food program, to buy 5 lakh tonnes from India

OpIndia Staff -
Egypt, the largest importer of Wheat globally, imports over 62% of its total annual wheat needs.
News Reports

Indian economy projected to grow faster than other major emerging economies, thanks to Modi government’s PLI scheme, says World Bank report

OpIndia Staff -
While World bank retained India's growth rate estimate at 8.3% f02 2021, it has forecasted that economy will grow by 8.7% in 2022
News Reports

World Bank discontinues ‘Doing Business’ Report after investigation reveals connivance of top executives in boosting China’s rankings

OpIndia Staff -
International Monetary Fund Managing Director Kristalina Georgieva and her advisor reportedly pressurised the bank to make changes to China’s data, in a bid to lift its rankings in Doing Business Report
News Reports

World Bank suspends aid to Afghanistan due to Taliban takeover, over two dozen development projects likely to be halted

OpIndia Staff -
World Bank stopped aid to Afghanistan as Taliban took over the country. IMF and US had earlier announced seizing reserves and financial support.
Economy and Finance

World Bank revises India’s GDP growth forecast from 5.4% to 10.1% for the financial year 2021-22

OpIndia Staff -
World Bank said public consumption will contribute positively, however, suppressed private demand is expected to fade by the end of 2021
News Reports

World Bank’s revised Ease of Doing Business report reaffirms India’s ranking: Read how usual suspects had attacked Modi govt anticipating downgrading of India

OpIndia Staff -
World Bank had suspended Ease of Doing Business report due to irregularities regarding changes to data in previous reports
OpIndia Explains

Joseph Stiglitz, the economist that Rahul Gandhi praised for attacking Modi, is known for his questionable policies and wrong predictions

OpIndia Staff -
Joseph Stiglitz had praised the economic policies of Venezuelan govt, said subprime crisis will not happen
Media

Report says China’s rank in World Bank ranking is manipulated, ‘liberals’ hope for India’s rank to slip just to show PM Modi down

OpIndia Staff -
The data of 4 countries – China, Azerbaijan, the UAE and Saudi Arabia – could have been inappropriately altered and all 4 rank above India in the Ease of Doing Business Ranking
Government and Policy

India’s rank in World Bank’s ‘Ease of Doing Business’ ranking could be higher, data of 4 countries, including China, manipulated

OpIndia Staff -
All 4 counties that are now under scanner ranked higher than India in the report released in 2019 Ease of Doing Business Rankings by the World Bank.
News Reports

World Bank praises Atmanirbhar Bharat Abhiyan announced by PM Modi in the fight against Coronavirus

OpIndia Staff -
World Bank's India Director Junaid Ahmad appreciated India's efforts in providing social assistance to poor and vulnerable
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