Photo: News On Air
World Bank Announces $530 Million Additional Aid To Ukraine Amid Russian Invasion
The World Bank has announced to provide an additional aid of $530 million to Ukraine amid the ongoing war against Russia. The World Bank also stated that United Kingdom’s contribution to the addition aid is $500 million, and Kingdom of Denmark’s contribution is $30 million. With this, the total aid provided by World Bank to Ukraine is $13 billion. Of which, $11 billion has been fully disbursed.
Tags: Ukraine, Russia, World Bank, Financial Aid, EU
Courtesy: Hindustan Times
Photo: Twitter
Swiggy Delivery Partner's Drench In Rain Video Goes Viral
A video of Swiggy's delivery partner drenched in rain is going viral on social media platforms. The harsh weather and monsoon have become a problem for delivery partners, of food/grocery delivery apps like Zomato, Swiggy and others. The video shared as a reel on Instagram gained over 1 million views, with netizens demanding a raincoat or some privileges for the delivery partner, working round the clock.
Tags: Swiggy, Delivery Partner, Drench In Rain, Viral video, World Bank
Courtesy: Zee News
Photo: Avapress
UNDP & World Bank Sign Agreement For USD 20 Million To Assist Afghanistan
United Nations Development Programme (UNDP) and World Bank registered a USD 20 million collaboration agreement to promote humanitarian development projects in Afghanistan. According to UNDP release, the new cooperation would assist NGO/CSOs with personalized capacity building inside their work environment and support their Quick Impact Projects (QIPs). QIPs will attempt to improve access to health, education, agriculture and food security,… read-more
Tags: UNDP, Afghanistan, World Bank, humanitarian assistance, Development
Courtesy: ANI
Photo: Time News
World Bank To Provide USD 700 Million To Assist People Of Sri Lanka
World Bank plans to provide nearly USD 700 million to Sri Lanka. Sri Lanka is experiencing a tremendous foreign currency shortage, which has caused difficulties in importing vital products. World Bank country manager stated her office is also collaborating with other organizations such as Asian Development Bank, Asian Infrastructure Investment Bank, and the UN office, motivating them to "re-purpose" their already engaged initiatives to assist… read-more
Tags: World Bank, Sri Lanka, Foreign Currency, Asian Development Bank, UN Office
Courtesy: ANI
Photo: Healthline
US- EU Collaborating In Pathogen Monitoring, Vaccine Research: Covid-19 Summit
In the Global Covid-19 Summit hosted by different health experts of all the nations on May 12, US President Joe Biden and European Commission chief Ursula von der Leyen agreed to collaborate. Two leaders issued a joint statement and decided to cooperate on pathogen monitoring and vaccine research. US committed extra 200 million USD, European Union committed 450 million USD to the World Bank to prevent pandemic, global health security.
Tags: Covid-19, United States, European Union, US President Joe Biden, European Commission chief Ursula von der Leyen, World Bank
Courtesy: aninews
Photo: Financial Express
Cryptocurrency Is Risk, Can Be Used For Illegal Purposes: Nirmala Sitharaman
Union FM Nirmala Sitharaman pointed out the biggest risk of cryptocurrency and said, "I think the biggest risk for all countries across the board will be the money laundering aspect and also the aspect of currency being used for financing terror." Addressing the Spring Meeting of the World Bank, Sitharaman shared her views on digital money and regulation for the same. She also held bilateral meetings with international leaders.
Tags: Nirmala Sitharaman, Cryptocurrency, World Bank, Spring Meet, Digital Money
Courtesy: NDTV
Photo: The Lokmat
World Bank Halts All Projects In Russia, Belarus: Russia-Ukraine Crisis
The World Bank on March 2, announced halting all of its ongoing projects in Russia and Belarus with immediate effects in response to the invasion of Ukraine. "There has also been no new leading approved to Belarus since mid-2020," informed the international financial institution. Meanwhile, on March 1, the World bank announced $3 billion in support to Ukraine along with IMF's emergency assistance to the country.
Tags: World Bank, Russia, Ukraine, Moscow, Belarus
Courtesy: ANI
Photo: ESI Africa
World Bank Donors Agree To Provide $280 Million To Afghanistan
The World Bank on December 10 said that the donors have approved to release of $280 million for war-torn country Afghanistan. "The Afghanistan Reconstruction Trust Fund (ARTF) donors agreed to provide funds to UNICEF and World Food Programme (WFP) by the end of December 2021," said the World Bank. UNICEF will release $100 million to provide health services in Afghanistan and $180 WFP to bolster food security.
Tags: World Bank, Afghanistan, UNICEF, World Food Program, ARTF
Courtesy: ANI
Photo: Global Capital
'Indian Economy Is Recovering, But Not Enough': World Bank Chief
The World Bank President David Malpass welcomed the progress in the Indian Economy which was hit hard by the COVID-19 pandemic. He further said that India was facing huge challenges, but now has made huge progress with the huge production of vaccines. However, Malpass also said, ''There is progress, but not enough.'' Earlier, the World Bank expected the Indian Economy to grow at 8.3% this year.
Tags: World Bank, Indian Economy, Covid-19, India
Courtesy: The Economic Times
Photo: AL Jazeera
World Bank Discontinues 'Doing Business Report' Over China's Fraud
After the World Bank's decision to stop publishing the report of "Doing Business" ranking, media reports on September 17 expect India to become the preferred manufacturing base in the world replacing China. Reportedly, the World Bank found that China's ranking in 2017 was boosted as a result of pressure by some top officials. However, India is free of any irregularities in data.
Tags: World Bank, China, Doing Business, Fraud, India
Courtesy: The Times Of India
