India Jumps 6 Places on World Bank’s Logistic Performance Index, Ranks 38 India has made significant progress in logistics performance, according to the World Bank’s 2022 Logistics Performance Index (LPI). India has jumped six spots to rank 38th among 167 countries surveyed, up from 44th in 2018. India’s score has also improved from 57.06 to…
World Bank assistance Odisha : World Bank approves $100 million to increase social protection and disaster resilience in Odisha The World Bank has approved a $100 million loan to the state of Odisha in India, to improve social protection programs and enhance the state’s resilience to natural disasters. The project, titled the “Odisha Disaster Resilience…
World Bank warns of a “Lost Decade” for the Global Economy The World Bank has issued a warning that the global economy is at risk of experiencing a “lost decade” due to the COVID-19 pandemic. According to the World Bank, the pandemic has caused a severe and widespread economic contraction, which has led to significant…
India-World Bank Signs Loan Agreement for Construction of Green National Highway Corridors Project in 4 States The Government of India, the National Highways Authority of India (NHAI), and the World Bank have signed a loan agreement for the construction of the Green National Highway Corridors Project in four Indian states. The loan agreement has been…
World Bank Chief : World Bank Chief David Malpass to Step Down Early The World Bank President, David Malpass, announced his resignation from the position, effective October 1, 2022. This decision comes two years ahead of the end of his five-year term. Malpass was appointed as the President of the World Bank Group in April…
G20 International Financial Architecture Working Group holds meeting in Chandigarh The G20 International Financial Architecture Working Group held a meeting in Chandigarh, India, on April 8, 2023. The meeting was attended by senior officials from G20 and guest countries, as well as representatives from international organizations, including the International Monetary Fund (IMF), World Bank, and…
