The World Bank has revised Bangladesh’s economic growth projection for the fiscal year 2024-25, lowering it to 4%, down from an earlier estimate of 5.2%. This adjustment comes in response to the political unrest that has shaken the country, creating significant economic and political uncertainty. In its South Asia Development Update for October 2024, the World Bank emphasized how the ...

In its latest report, the World Bank anticipates India to maintain its status as the world’s fastest-growing economy, fueled by robust domestic demand, increased investment, and a thriving services sector. The forecast predicts a steady growth trajectory, with India expected to achieve a GDP growth rate of 6.7% over the next three fiscal years. The ‘Global Economic Prospects’ report underscores ...

World Bank has sanctioned a loan of US $ 1 billion for funding Institutional Development and for construction of priority infrastructure projects for municipal waste water treatment and solid waste treatment on the main stem of Ganga in the five Ganga basin states of Uttarakhand, Uttar Pradesh, Jharkhand, Bihar and West Bengal. Government of India has withdrawn a cumulative amount ...