In its press release summarizing the report’s key findings, Juergen Voegele, Vice President of Sustainable Development, World Bank, says: “The Groundswell report is a stark…
The trajectory of the Indian economy in the last few years has made worsening economic conditions quite apparent. Many economists opine that decisions like demonetisation…
Faced with an unprecedented downturn, India’s economy is expected to contract by 9.6 percent in the fiscal year that started in March 2020, the World Bank said…
World Bank Group President David Malpass the COVID-19 pandemic impact will push 60 million people worldwide into ‘extreme poverty’.
Speaking at a media briefing, Malpass…
The global economic shock of the COVID-19 pandemic has driven most commodity prices down and is expected to result in substantially lower prices over this year,…
The World Bank is giving India a $1 billion emergency fund to help fight the coronavirus pandemic.
“The financing will support better screening, contact tracing,…