TBB BUREAU NEW DELHI, OCT 6, 2022 Beset with Sri Lanka’s economic crisis, Pakistan’s catastrophic floods, a global slowdown, and impacts of the war in Ukraine, South Asia faces an unprecedented combination of shocks on top of the lingering scars of the COVID-19 pandemic. Growth in the region is dampening, says the World Bank, underscoring the need for countries to ...

TBB BUREAU NEW DELHI, AUGUST 1, 2022 Auguste Tano Kouamé on Monday took over as World Bank’s Country Director for India. He replaced Junaid Kamal Ahmad who recently completed a five-year term.  Prior to the new assignment, Kouamé served as the World Bank’s Country Director for the Republic of Türkiye – where he led the expansion of the Bank’s country ...

TBB BUREAU NEW DELHI, JUNE 29, 2022 India’s coal sector is making sustained efforts to fulfil the fast escalating energy demands by further augmenting coal production. At the same time, the coal sector is also taking various initiatives towards adopting the path of sustainable development with emphasis on care for environment and host of measures to protect forests and biodiversity. ...

TBB BUREAU NEW DELHI, JUNE 23, 2022 The World Bank’s Board of Executive Directors approved a $245 million loan to support India’s efforts to modernize rail freight and logistics infrastructure. The Rail Logistics project will help India shift more traffic from road to rail, making transport—both freight and passenger—more efficient and, reduce millions of tons of greenhouse gas emissions (GHG) ...

TBB BUREAU NEW DDELHI, NOV 1, 2021 In a bid to improve the quality of health services and strengthen Meghalaya’s capacity to handle future health emergencies, including the COVID-19 pandemic, the Government of India, the State Government and the World Bank signed a USD40 million health project for the state on October 28.  The Meghalaya Health Systems Strengthening Project will ...

TBB BUREAU NEW DELHI, AUGUST 5, 2021 The Government of India, the Central Water Commission, government representatives from 10 participating states and the World Bank have signed a $250 million project, to support the Government of India’s long-term dam safety program and improve the safety and performance of existing dams across various states of India. The Second Dam Rehabilitation and ...

TBB BUREAU NEW DELHI, JUNE 30, 2021 The World Bank Board of Executive Directors has approved a $500 million program to support India’s large informal workforce and create greater flexibility for states to cope with the ongoing pandemic, future climate, and disaster shocks.  Creating a Coordinated and Responsive Indian Social Protection System (CCRISP) builds on the $1.15 billion Accelerating India’s ...