World Bank
- Middle East
Saudi Arabia, Qatar to pay off Syria’s USD 15M World Bank debt
The Kingdom of Saudi Arabia (KSA) and Qatar on Sunday, April 27, announced their commitment to settle Syria’s outstanding debts to the World Bank Group, totaling around USD 15 million. This decision…
- Middle East
Lebanon receives USD 250M World Bank loan to reform electricity sector
Beirut: Lebanon has signed a USD 250 million loan agreement with the World Bank to support critical reforms in its struggling electricity sector, according to media reports. The agreement was signed by…
- Business
IMF, World Bank see India’s potential as engine of global trade: FM Sitharaman
San Francisco: Finance Minister Nirmala Sitharaman said on Monday that India has become the fastest-growing economy, driven by the “visionary leadership” of Prime Minister Narendra Modi and the stability provided by a…
- Middle East
Saudi Arabia set to pay off Syria’s World Bank debt
The Kingdom of Saudi Arabia (KSA)is planning to settle Syria’s outstanding debt to the World Bank—estimated at approximately 15 million USD—as part of efforts to support the war-torn nation following years of…
- Middle East
World Bank estimates 11B USD needed to rebuild Lebanon after Israel-Hezbollah war
The cost of reconstruction and recovery for Lebanon following the 14-month Israel-Hezbollah war is estimated at 11 billion USD, the World Bank said in a report on Friday. The report by the…
- Middle East
World Bank to establish USD one billion fund for Lebanon
Beirut: Lebanese Finance Minister Yassine Jaber revealed on Friday that the World Bank is working on establishing a one-billion-US dollar reconstruction fund for Lebanon as part of the ongoing efforts to support…
- Business
World Bank expects India’s fiscal deficit to shrink further
New Delhi: India’s fiscal deficit is expected to shrink further, on the back of growing tax revenues, according to a World Bank report. The report noted that this trend is anticipated to…
- Andhra Pradesh
Andhra decides to take World Bank, HUDCO assistance for Amaravati works
Amaravati: The Andhra Pradesh Cabinet on Thursday resolved to undertake developmental works in the state capital Amaravati with financial assistance from the World Bank, the HUDCO and German financial assistance. The Cabinet…
- Middle East
World Bank says ready to participate in Lebanon’s reconstruction
Beirut: The World Bank is ready to take part in Lebanon’s reconstruction after the Hezbollah-Israeli conflict comes to an end, a senior official from the World Bank said. Jean-Christophe Carret, the World…
- Hyderabad
Telangana govt questioned over Musi rejuvenation project loans without DPR
Hyderabad: Bharat Rashtra Samithi (BRS) MLC K Kavitha questioned how the Telangana government was seeking a loan of Rs 4,100 crore from the World Bank and Rs 14,000 crore from the Centre…
- Andhra Pradesh
World Bank, ADB commit $1.6bn for Andhra capital Amaravati
Amaravati: The World Bank along with the Asian Development Bank in principle has committed to fund USD 1600 million (Rs 13,600 crore) for Amaravati capital city phase-I development and will start releasing…
- Andhra Pradesh
World Bank agrees to extend Rs 15k cr loan for Amaravati construction, says AP CM
New Delhi: Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday said that the World Bank has agreed to extend Rs 15,000 crore loan to the state government for the construction of…
- Telangana
Telangana to adopt global road safety technologies, ties World Bank
Hyderabad: Telangana state is all set to adopt advanced global road construction and safety technologies to improve infrastructure and reduce accidents announces Komatireddy Venkat Reddy, Minister for Telangana Roads and Buildings, during…
- Andhra Pradesh
AP: Naidu invites World Bank, ADB to partner in Amaravati development
Amaravati: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday invited the World Bank and Asian Development Bank to partner with the state government in the development of the state capital Amaravati.…
- Telangana
Telangana holding talks with World Bank for loans: Revanth Reddy
Hyderabad: In a veiled attack on the previous BRS regime, Telangana Chief Minister A Revanth Reddy on Thursday said his government would not make the mistake of borrowing funds with higher interest…
