World Bank Current Affairs - 2020

World Bank Report

The World Bank in its latest Global Economic Prospect downgraded its projection of growth of India by -9%. However, the World Bank believes that Indian growth is to bounce back in 2021. Highlights The World Bank says that the growth of India has slowed by 4.2% in 2019-20. The other international rating agencies such as Read More…

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…

G20 countries pledge 21 billion USD to fight COVID-19

On June 6, 2020, the G20 countries pledged over 21 billion USD to fight against COVID-19. The countries have so far injected 5 trillion USD in March 2020 to help fight global economic crisis. The 21 billion USD commitment was made only by the invited members. Highlights The G20 countries had already injected 5 trillion Read More…

Global Economic Prospects Report, 2020 by World Bank

The World Bank recently launched the Global Economic Prospects Report, 2020. The report highlighted the impact of COVID-19 on countries. Key findings of the report The report says that the Emerging Market and the Developing Economies are highly vulnerable. They face health crisis, external shocks, restrictions, tourism, falling trade, capital outflows and commodity prices. These Read More…

May 28: World Hunger Day

Every year, May 28 is marked as World Hunger Day. The World Hunger Day is an initiative of the Hunger Project. Significance The United Nations aims to increase agricultural productivity. This is to feed 820 million people that are with inadequate food security. The UN predicts that 2 billion are to come under poverty and Read More…