World Bank Aid or that matter any aid and its impact on countries has been a controversial discussion in development finance circles. While it is true that aid provides an important source of income...
In a press release issued early last week, the World Bank has announced that the review of its independent accountability mechanism, the Inspection Panel, has been completed and that a few major reforms were...
Chief Economist, Pinelopi Koujianou Goldberg known as Penny Goldberg announced her resignation from the World Bank from 1st March 2020. She will be going back to her teaching job at Yale University. This marks...
On February 27, a year has passed since the Supreme Court of the United States ruled in a 7-1 judgment that World Bank does not enjoy absolute immunity. The judgment shook the foundations of...
1. Union Budget allocation for preparations of India’s G-20 presidency The Finance Minister of India announced an allocation of Rs.100 crore from the Union Budget, for the initial preparations for hosting the G-20 presidency...
It’s a known fact that decisions of every Ministry is taken by the Prime Minister’s Office (PMO), which has officers responsible for each Ministry. For a population of 130 billion, one PMO, which earlier...
This mapping document looks at infrastructure sector in India, its basic concepts, estimates by the Government of India, the World Bank (WB), Asian Development Bank (ADB), International Finance Corporation (IFC), Asian Infrastructure Investment Bank...
(How Public Banks are going to be privatised and land, labor reforms are being gradually pushed in the country) In a capitalist system, it is said that the market correct itself through the invisible...
Statement in response to news reports that the company has written to the Ministry of Power that they will stop operating the Mundra project from February 2020. Mundra, Gujarat January 13, 2020: Tata power...
India is now a poster boy for the World Bank’s much-criticised Doing Business Report (DBR), and its associated country rankings index (EODB) (see Observer Winter 2018). The country has drastically improved its place in the EODB index, rising...
The concept of climate finance originated from the need for financing both the Mitigation (reducing the root cause of Climate Crisis, greenhouse Gas emissions) as well as Adaptation (building resilience in countries, societies, communities...
IFC’s Opportunistic $ 24.7 trillion Global Green Investment Plan Adding to the global narrative on low-carbon investments, World Bank Groups’ private lending arm International Finance Corporation’s recent report – Green Buildings: A Finance and...
In the past several years, infrastructure has become a focus sector in the Indian economy as it is expected to boost overall development. Infrastructure continues to attract attention not only from the government but...
Kerala became the first state to enter into a state partnership with World Bank based on their new Country Partnership Framework 2018-22. The partnership is for a development policy loan of USD 500 million...
The Resignation of IMF Chief, and Western Dominance in IFIs Christine Lagarde, IMF’s Managing Director, resigned this month after she was nominated to head the European Central Bank. She previously served as France’s finance minister during...