Nirmala Sitharaman meets World Bank President, discusses key issues
Both sides discussed issues related to private capital participation in Global Public Goods, Energy security, and Multilateral Development Banks (MDBs) reforms.
Both sides discussed issues related to private capital participation in Global Public Goods, Energy security, and Multilateral Development Banks (MDBs) reforms.
The bank is expecting Nepal's private sector to contribute more to its growth by taking advantage of the central bank's loosening of monetary policies and easing of regulatory requirements
According to the World Bank, the Indian economy continues to grow at a healthy pace and the country's medium-term outlook remains positive.
This revision comes amid expectations of stronger economic performance, driven by key factors such as private consumption and investment.
With the blueprint finalized and World Bank support secured, the project is poised for implementation, officials here on Sunday said.
During her visit to the US from October 11 to 16, the Finance Minister would meet US Treasury Secretary Janet Yellen and World Bank President David Malpass separately to discuss issues of mutual interest.
Citing the deteriorating global scenario, the World Bank on Thursday downgraded India's GDP forecast for the current fiscal to 6.5 per cent.
As per the data, the share of high-income countries with high inflation has also increased sharply, with about 85.7 percent experiencing severe hikes in food prices.
The World Bank's Board of Executive Directors today approved a loan of USD 150 million to the Indian state of Punjab to help the state better manage its financial resources and improve access to public services. The loans have a maturity of 15 years including a grace period of 6 months
Global growth is slowing sharply, with further slowing likely as more countries fall into recession, says World Bank Group President David Malpass.
