WNA Globe

World News by Wild Rose

#World Bank ร—

World Bank team lauds progress of RAMP scheme in Andhra Pradesh

Andhra Pradesh has been a frontrunner in implementing the initiatives under the scheme effectively, it observes

IMF, World Bank say they are restoring ties with Venezuela

Acting President Delcy Rodrรญguez calls resumption of ties 'great achievement' of Venezuelan diplomacy.

Rise in middle class vulnerability

India is lifting its people out of income-based poverty but not moving them ahead for better upward mobility and economic opportunity. A World Bank policy paper proposes shifting welfare analysis from merely counting those below the poverty line to measuring how far people are from a reasonable standard of living.

Can World Bank and IMF leaders rescue a global economy on the brink?

Can the collective wisdom or clout of the almost 200 countries that make up the membership of the World Bank and International Monetary Fund (IMF) prevail against the United States and Israel, whose rash actions of declaring war on Iran have effectively declared economic war on the whole world? We may get the answers to this critical question when the two so-called Bretton Woods institutions begin their annual meetings in Washington on April 13. The week-long gatherings provide an opportunity...

Global wealth gap grows as aid to worldโ€™s poorest sees record drop

The gap between rich and poor nations is growing even wider as actions agreed to by many countries last year, including overhauling the major global financial institutions, remain unfulfilled promises, a UN report has concluded. The report assessing the blueprint adopted in Seville, Spain, last June to narrow the gap and achieve UN development goals for 2030 was issued ahead of next weekโ€™s spring meetings in Washington of the International Monetary Fund and the World Bank, the main global...

Amaravati has potential to emerge as growth engine of Andhra Pradesh, says World Bank team

Appreciating the progress of the capital city works, the delegation says that the infrastructure being developed in Amaravati, along with reforms in the IT and power sectors, can position the city as a major hub for international investments