• 26 November, 2022
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World Bank

World Bank to disburse USD 700 million to crisis-hit Sri Lanka: Report

Colombo, May 30 (PTI) The World Bank is planning to disburse USD 700 million to crisis-ridden Sri Lanka by re-purposing its existing loans, a move that will help the island…

G20 cannot function with Russia at the table, Canada says

By David Lawder and Steve Scherer WASHINGTON (Reuters) -The Group of 20 major economies cannot effectively function as long as Russia remains a member, Canada's finance minister said on Friday…

G7 officials exit World Bank meeting as Russian official begins to speak -source

WASHINGTON (Reuters) - G7 officials and others walked out of a meeting of the Development Committee that advises the governors of the World Bank and International Monetary Fund on Friday…

FM meets IMF DMD Gita Gopinath; discusses wide range of issues

New Delhi, Apr 21 (PTI) Finance Minister Nirmala Sitharaman on Thursday met First Deputy Managing Director of the International Monetary Fund (IMF), Gita Gopinath, and discussed a range of issues, including…

World Bank President Malpass welcomes India’s move of selling oil from its stockpiles

Washington, Apr 21 (PTI) World Bank President David Malpass has welcomed India’s move to begin selling oil from its stockpiles, asserting that the world needs to take important steps to…

FM Sitharaman calls for proactive collective efforts towards protecting economies at G20 FMCBG meet in US

Washington, Apr 21 (PTI) Global growth momentum is dampened by prolonged inflation, supply chain disruption, volatility in energy markets and investor uncertainty, Finance Minister Nirmala Sitharaman has said as she…

Global financial leaders discuss debt crisis in US in wake of Sri Lankan problem

Washington, Apr 21 (PTI) Sri Lanka’s bitter debt crisis experience has emerged as one of the major topics of discussion among the global financial leaders who have gathered here for…

FM Sitharaman meets IMF chief, discusses impact of recent ‘geopolitical developments’ on global economy

Washington, Apr 19 (PTI) Finance Minister Nirmala Sitharaman on Tuesday held talks with IMF chief Kristalina Georgieva during which they voiced concern over the impact of the recent "geopolitical developments"…

FM leaves for US to attend World Bank, IMF meetings

New Delhi, Apr 17 (PTI) Finance Minister Nirmala Sitharaman will be leaving for the US later on Sunday to attend the spring meetings of the World Bank and the IMF…

Zelenskiy, IMF managing director discuss Ukraine’s ‘post-war reconstruction’

WASHINGTON (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Sunday he spoke with IMF Managing Director Kristalina Georgieva about Ukraine's financial stability and the country's post-war reconstruction. "Discussed with IMF…

World Bank freezes Afghan projects after Taliban bans girls from high school

By Andrea Shalal and Jonathan Landay WASHINGTON (Reuters) - The World Bank has put four projects in Afghanistan worth $600 million on hold amid concerns over a decision by the…

Sri Lanka to seek World Bank support alongside IMF loan programme – sources

By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO/NEW DELHI (Reuters) - Sri Lanka will seek World Bank assistance to stave off a severe economic crisis in addition to an International Monetary…