US, Germany back reform of World Bank to scale climate finance
Led by the US and Germany, a group of countries is seeking a "fundamental reform" of the World Bank to increase climate finance.
Source: climatechangenews.com
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World Bank's David Malpass on China's stimulus resistance 'out of touch with reality'
World Bank president David Malpass’ criticism of China’s reluctance to deliver more economic stimulus during the current international slowdown has been rubbished by Chinese economists, who say his criticism is ‘ungrounded’.
Source: scmp.com
Inflation - World Bank cuts India's economic growth forecast to 7.5 per cent for FY23
'It reflects a 1.2 percentage point downward revision of growth from the January projection'
Source: telegraphindia.com
World Bank slashes India's economic growth forecast to 7.5% for FY23
The unemployment rate has declined to levels seen prior to the pandemic, but the labour force participation rate remains below pre-pandemic levels and workers have shifted to lower-paying jobs.
Source: businesstoday.in