IBRD Current Affairs - 2020

Indian PMO secretaries to hold key positions in WTO, World Bank

The Private secretary of Prime Minister Modi Rajeev Topno was recently appointed as the Senior Advisor to the Executive Director of World Bank. Also, a joint secretary at the Prime Minister Office (PMO) was appointed to the World Trade Organization as an ambassador Highlights Besides these officers, five other officers have been appointed abroad where Read More…

World Bank approves 1 billion USD to India

On May 15, 2020, the World Bank approved 1 billion USD aid to India to accelerate “India’s COVID-19 Special Protection Response Programme”. The fund will be used to provide social assistance to poor, severely impacted and vulnerable households. Highlights Of the 1 billion USD aid, around 550 million USD is to be credited by the Read More…

Indian American nominated as OECD Envoy by the US President Trump

On May 6, 2020, the US President Donald Trump appointed Indian American Diplomat Manisha Singh as his envoy to OECD (Organization for Economic Cooperation and Development). Highlights Manisha Singh was the secretary of State for Economic and Business Affairs. She will now act as US representative to OECD. She had also served as secretary of Read More…

Indian American appointed as US representative to IBRD

On May 5, 2020, the US President Donald Trump had nominated Indian American Ashok Michael Pinto as the US representative to IBRD (International Bank of Reconstruction and Development). Highlights Mr Pinto replaced Erik Bethel. Mr Bethel resigned from the post. Pinto was serving the Counselor to Under Secretary for International Affairs in the department of Read More…

Government inks $100 Million loan agreement for Project to Boost Rural Economy of Tamil Nadu

The Union Government has inked $100 million Loan Agreement with World Bank for Project to Boost Rural Economy of Tamil Nadu. The loan is from the International Bank for Reconstruction and Development (IBRD) and has a 5-year grace period and maturity of 19 years. Tamil Nadu Rural Transformation Project The project aims to promote rural Read More…