Congressman Suhas Subramanyam (D-VA-10) has reintroduced the “No Funds for Forced Labor Act” (H.R. 7516), a bipartisan, bicameral measure aimed at preventing international financial institutions from “providing support to any …
World Bank
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World Bank Approves $830 Million to Upgrade India’s Skills Training Institutes, Boost Youth Employment
by T. Vishnudatta Jayaraman 3 minutes readThe World Bank’s Board of Executive Directors has approved financing to modernize India’s network of skills training institutes, aiming to better align training with “labor market needs” and expand job …
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The toxic air in South Asia harms tens of millions of children daily, killing an estimated 130,000 children under-fives each year, the highest child death toll from air pollution in the world, …
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Canada’s New $2.5 Billion Ukraine Aid Package Sparks Fiscal Debate at Home
by Prabhjot Singh 4 minutes readWhen Canadian Prime Minister Mark Carney unveiled a new economic assistance package for war-torn Ukraine during a brief meeting with President Volodymyr Zelenskyy at a Halifax-area airport, it triggered a …
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South Asia’s Debt Crunch Deepens as New World Bank Data Exposes Rising Servicing Burdens, Shrinking Inflows, and Mounting Solvency Risks
by R. Suryamurthy 6 minutes readSouth Asia is moving closer to a structural debt crisis, not a cyclical squeeze, as fresh data from the World Bank’s International Debt Report 2024 shows the region’s external liabilities …
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India’s World Bank and IMF Leaders Celebrate Diwali in Washington DC with Message of Hope and Knowledge
by T. Vishnudatta Jayaraman 5 minutes readThe Office of the Executive Director for India and the Embassy of India in Washington, DC, jointly hosted Diwali celebrations at the World Bank headquarters, in partnership with the State …
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Global Economy Shows Resilience Amid Tariffs and Uncertainty, Say Singapore’s Shanmugaratnam, IMF’s Georgieva, and ECB’s Lagarde
by T. Vishnudatta Jayaraman 8 minutes readThe world economy has shown remarkable resilience over the past six months despite trade disruptions, tightening financial conditions, and ongoing geopolitical uncertainty, according to International Monetary Fund (IMF) Managing Director …
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IMF Forecasts Mixed Outlook for South Asia: India Leads, Bangladesh and Sri Lanka Stabilize
by T. Vishnudatta Jayaraman 7 minutes readThe International Monetary Fund (IMF) has projected that India’s economy will expand by 6.6 percent in 2025, moderating to 6.2 percent in 2026, according to its latest Regional Economic Outlook …
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RBI Governor Highlights India’s 6.6% Growth, 1.5% Inflation at IMF-World Bank Annual Meetings
by T. Vishnudatta Jayaraman 3 minutes readAcknowledging the persistent global uncertainty stemming from “geopolitical tensions, policy uncertainty, and high government debt levels” in advanced economies, India’s Reserve Bank Governor, Sanjay Malhotra, affirmed that inflation in India …
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Ajay Banga: World Bank’s $9 Billion Agribusiness Push Builds on India’s Success in Inclusive Farming
by T. Vishnudatta Jayaraman 6 minutes readWorld Bank Group President Ajay Banga announced that the institution aims to double its agribusiness commitments to $9 billion annually by 2030, with plans to mobilize an additional $5 billion …