BRUSSELS, July 3: European Union governments picked Bulgaria’s Kristalina Georgieva as the bloc’s candidate to lead the International Monetary Fund after more than 12 hours of talks on Friday that highlighted the EU’s internal divisions.
BEIJING, July 23: The Beijing-backed Asian Infrastructure Investment Bank has dropped plans to finance a new capital for the Indian state of Andhra Pradesh, after the World Bank pulled its support on Friday.
KATHMANDU, July 12: The World Bank has renewed support to the Government of Nepal under the Second Programmatic Fiscal and Public Financial Management Development Policy Credit Project.
Issuing a press statement, the bank said that the support is to strengthen the country’s efforts towards fiscal federalism and improving public financial management.
KATHMANDU, June 7: Minister for Water Supply Bina Magar has asserted that the government was committed to providing basic drinking water facility to as many as 92 per cent of the total population by the end of next fiscal year 2019/20.
KATHMANDU, June 7: Nepal has the potential to double its Gross Domestic Product (GDP) per capita in the long run if it achieves the benchmarks of complete education and full health, the latest report of the World Bank states.
KATHMANDU, May 23: The International Centre for Settlement of Investment Disputes (ICSID) on Monday registered a case filed by Axiata UK and Ncell against the government of Nepal over capital gains tax levied by the tax authorities in Nepal, according to the ICSID website. The entity is part of the World Bank Group.
BRUSSELS – Critics have called new World Bank president David Malpass an arsonist in charge of a fire department, because of past comments he made on Bank salaries and loans to China. But it’s far more important to focus on improving progress toward the World Bank’s core mission of ending extreme poverty.
JOHANNESBURG, April 11: The World Bank estimates the direct economic losses from Cyclone Idai in Mozambique to range from $656 million-$773 million (590.26 million pounds), covering damage to buildings, infrastructure and agriculture, a note sent out via the United Nations said on Thursday.
KATHMANDU, Feb 1: The World Bank has approved a grant of US$ 5.61 million, approximately Rs 637 million, and an additional $2 million, or nearly Rs 226.96 million, in loan from its Strategic Climate Fund (SCF) to help Nepal diversify its energy sources to renewables.
KATHMANDU, Jan 11: The World Bank has made an upward revision of Nepal’s economic growth projection to 5.9 percent in the current Fiscal Year 2018/19, up from its earlier forecast of 4.5 percent in June 2018.
KATHMANDU, Nov 18: Criticizing the World Bank Group's Doing Business Report 2019 that sent Nepal's performance in the global ranking five spots down, Minister for Finance Yuba Raj Khatiwada has vowed to make the Washington-based multilateral development bank review its ranking for the country.
KATHMANDU, Sept 28: The World Bank on Wednesday approved US$ 133 million credit to Nepal to help the country build and maintain safe, resilient and cost-effective bridges on its Strategic Roads Network.
MEXICO, Sept 21: Global waste could grow by 70 percent by 2050 as urbanization and populations rise, the World Bank said Thursday, with South Asia and sub-Saharan Africa set to generate the biggest increase in rubbish.
KATHMANDU, Aug 29: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has called for collaboration between the World Bank and the private sector in tourism, agriculture, education, health and infrastructure development sectors.