Tag: World Bank

How the 1991 Rupee Devaluation Transformed India into an Economic Powerhouse

Asia Hafsah Zuhar - January 15, 2025

(Commonwealth_India) In a recent discussion on India’s economic evolution, Arvind Panagariya, the chairman of the Sixteenth Finance Commission, emphasized...

The Future of Data is Local: Why Countries Must Adopt This Game-Changing Approach!

Commonwealth Desk Piumi Fernando - January 6, 2025

Commonwealth_ This article is the second installment in a three-part series exploring effective strategies for data management. The initial...

China to Invest $1 Billion in Pakistan’s Healthcare Sector: A New Chapter in Bilateral Ties

Asia Sarojini P - December 13, 2024

Pakistan (Commonwealth Union)_ In a significant development, China has announced its plan to invest $1 billion in Pakistan’s healthcare...

Historic Agreement Between Israel and Hezbollah—What Lies Ahead for the Region?

Lead_Story Ishini Dabare - November 27, 2024

Israel and Hezbollah have announced a historic ceasefire, effectively ending 13 months of conflict along the Lebanese-Israeli border. US...

Zimbabwe’s Bold Move to Compensate White Farmers: A Turning Point for Economic Recovery?

Africa Warsha De Silva - November 26, 2024

Africa (Commonwealth Union) _ Zimbabwe has announced plans to compensate white former farmers $331 million for land seized during...

Africa’s Pulse: Economic Growth Slows Amidst Conflict and Natural Disasters

Business Suraj Atapattu - October 15, 2024

Africa (Commonwealth) _ The World Bank announced on Monday that it has reduced its prediction for sub-Saharan Africa's economic...

- Advertisement -

Strengthening South Asia: Commonwealth Secretariat and World Bank Join Forces

Commonwealth Desk Piumi Fernando - October 11, 2024

The Commonwealth Secretariat and the World Bank’s South Asia Region have embarked on a new collaborative venture aimed at...

Enhancing Female Workforce Participation Could Boost India’s Manufacturing Output

Asia Hafsah Zuhar - October 11, 2024

(Commonwealth_ India) The World Bank’s recent South Asia Development Update highlights that India's manufacturing output could see a significant...

What’s behind Nigeria’s Power Sector Seeing Major Gains?

Africa Warsha De Silva - September 30, 2024

Africa (Commonwealth Union) _ Nigeria’s Minister of Power, Adebayo Adelabu1, has announced that over 40% of electricity consumers in...

Green Finance for Sri Lanka

Business Suraj Atapattu - May 31, 2024

Sri Lanka (Commonwealth) _ In order to focus on green finance, the Central Bank of Sri Lanka has entered...

Eight spots for Indian-origin trailblazers on TIME

Diaspora Sarojini P - May 3, 2024

USA (Commonwealth Union)_ Eight individuals of Indian origin have secured spots on Time magazine’s esteemed '100 most influential people...

Bangladesh moves forward to LDC graduation

Asia Sarojini P - April 17, 2024

Bangladesh (Commonwealth Union)_ Bangladesh's strategic efforts to transition smoothly from its least developed country (LDC) status are underscored by...

Sri Lanka’s Accelerated Growth Estimation

Business Suraj Atapattu - April 3, 2024

Sri Lanka (Commonwealth) _ The World Bank upgraded its estimate for Sri Lanka's GDP on Tuesday, predicting 2.2% growth...

Sh31 billion in donor aid to improve slums in Kenya

Commonwealth Development Suraj Atapattu - January 30, 2024

Kenya (Commonwealth) _ Over 400 irregular settlement schemes in Kenya would benefit from Sh31.7 billion in multilateral donor money...

Nigeria borrows $1.7bn to raise foreign exchange inflows

Business Suraj Atapattu - January 1, 2024

Nigeria (Commonwealth) _Nigeria received $1.71 billion in external loans to enhance foreign currency inflows in the first nine months...

Indian diaspora pushes India to top spot in global remittances

Diaspora Sarojini P - December 22, 2023

India (Commonwealth Union)_ According to the most recent data released by the World Bank, the inflow of remittances into...