PM Modi asserted that India has given the utmost priority to achieving sustainable development and climate change and called on the developed countries to contribute more in this matter. He also congratulated the UAE President for announcing the Climate Investment Fund.
High levels of non-performing loans and hidden debt impair access to credit, and "disproportionately" reduce access to finance for low-income households and small businesses, the report noted.
"In view of the surging demand for World Bank vaccine finance, I am pleased to announce today that the World Bank is expanding its financing available for Covid-19 vaccine financing to $20 billion over the next 18 months, adding $8 billion to the previously announced $12 billion," said World Bank Group President David Malpass, in the statement.
Shanghai: The New Development Bank (NDB) of BRICS commenced business here on Tuesday. The BRICS countries comprise the world's major emerging economies: Brazil, Russia, India, China and South Africa.Chinese Finance Minister Lou Jiwei, Shanghai Mayor
New Delhi: Chinese President Xi Jinping Thursday said that he was looking forward to take India, China "strategic relationship" forward.Xi said that China and India are the world's two largest developing countries and have emerging
Washington : Remittances to the developing world are expected to grow by 6.3 percent this year to $414 billion, according to revised estimates and forecasts issues Wednesday by the World Bank."India and China alone will
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