World Bank Current Affairs - 2020

Denmark’s Inger Andersen takes over as UNEP’s Executive Director

Denmark’s Inger Andersen recently took charge as the new Executive Director (ED) of United Nations Environment Programme (UNEP). She will hold the designation for period of 4-years. About Inger Andersen Inger is a Danish economist and environmentalist with over 30 years of experience in international development economics, environmental sustainability and policy-making. Now as ED of Read More…

Indian-origin Anita Bhatia appointed UN Deputy Executive Director

United Nations Secretary-General (UNSG) Antonio Guterres recently appointed Indian-origin Anita Bhatia as Deputy Executive Director of United Nations Entity for Gender Equality and the Empowerment of Women (UN-Women) for Resource Management, Sustainability and Partnerships. Key Highlights Earlier Lakshmi Puri, Veteran Indian diplomat and a gender equality champion had served as Assistant Secretary-General of the United Read More…

ADB to finance Railways Track Electrification Project in India

The Asian Development Bank (ADB) has signed an agreement to electrify railway tracks in India under Railways Track Electrification Project. As per agreement ADB will provide $750 million (equivalent in Indian Rupee) long-term financing to Indian Railway Finance Corporation (IRFC). About ADB Loan Agreement It is the largest single non-sovereign loan ever committed by ADB Read More…

India to co-chair Consultative Group of GFDRR

India was unanimously chosen by member countries as next co-chair of Consultative Group (CG) of Global Facility for Disaster Reduction and Recovery (GFDRR) for fiscal year 2020. This decision was taken during Consultative Group meeting of GFDRR 2019 held from 13 May- 17 May in Geneva, Switzerland. Key Highlights About: The Consultative Group meeting held Read More…

Financial Sector Assessment Programme for India

The Report of the Financial Sector Assessment Programme for India by the International Monetary Fund (IMF) makes the following recommendations: The level of non-performing loans in India remains high and the IMF has favoured bolstering the level of capitalisation of some banks, particularly government-owned banks. Together with capitalisation, the report asks for resolution and the recognition of Non-performing loans Read More…