In its latest effort to bring in private finance to fund global development initiatives, the World Bank issued $47-million-equivalent Sustainable Development Bonds to raise money for initiatives to empower women, girls and adolescents. This was part of an initiative that the Bank is launching to engage private investors on the...
Twenty-two projects have been approved in 25 low-income nations under the India-UN Development Partnership Fund, which marked its first anniversary on Friday. This includes a climate early-warning system in seven Pacific island countries, and governance projects in eSwatini, formerly known as Swaziland, and Uruguay. “The Fund’s focus on supporting people in...
Foreign direct investment (FDI) across the world fell by nearly a quarter (23%) to $1.4 trillion, with the biggest drop, 37%, witnessed in the developing countries, says a report by the UN Conference on Trade and Development (UNCTAD). The World Investment Report cited financial uncertainty due to “significant risks” to global trade...
India is to continue as the fastest growing major economy in the world, with a GDP growth of 7.3% in 2018-19 and 7.5% for the next two years, the World Bank has said. According to the Bank's latest Global Economic Prospect report, robust private consumption and strengthening investment would drive...
Adam Triggs, Australian National University It was only in January that the International Monetary Fund (IMF) was celebrating the strength of the global economy, heralding “the broadest synchronised global growth upsurge since 2010”. How quickly things have changed. Argentina has since sought a bailout from the IMF, Turkey is facing a potential...
About $160tn -- twice the value of global GDP -- would be added to the global economy if there is equal pay if there is equal pay for for equal work among men and women, a new study by the World Bank has said. This would mean, on an average,...
About 150 million out of the 220 million credit-eligible consumers in India has not taken any loans from financial institutions and lending to this section of people could offer significant growth opportunities for retail lenders and boost the economy, says a new study. According to the TransUnion-CIBIL study, only 72 million...
The amount of bad debt reported by banks in India has shown a 450% increase in five years -- from 19,800 crores at the end of 2013-14 to 109,076 crore in March 2018. According to a report on Indian Express, the rise is attributed to stricter disclosure norms that the...
In a major milestone in addressing the problem of bad debt in its financial system, India witnessed resolution of the first case under the Insolvency and Bankruptcy Code (IBC), 2016, as Tata Steel on Friday announced the completion of its acquisition of Bhushan Steel (BSL). The Tatas took a controlling...
A strong growth in developed countries and broadly favourable investment conditions are leading to an overall global growth that exceeded expectation, a report by UN has said. The World Economic Situation prospects report has revised the economic growth figures to 3.2 percent this year and next, from its earlier forecast...

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