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India To Retain Top Position In Remittances With USD 80 Billion: World Bank

Saturday, December 8, 2018, 5:37 PM

India will retain its position as the world's top recipient of remittances this year with the Indian community sending a whopping USD 80 billion back home, the World Bank said in a report on Saturday. India is followed by China (USD 67 billion), Mexico and the Philippines (USD 34 billion each) and Egypt (USD 26 billion), according to the global lender.
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ADB enters an arrangement with World Bank for co-financed projects

Thursday, December 6, 2018, 7:40 PM

Asian Development Bank (ADB) on Thursday said it has entered into an arrangement with the World Bank to put in place a single framework that will make co-financed projects more efficient. ADB's first Alternative Procurement Arrangement (APA) with the World Bank will allow procedures on co-financed projects to follow a single procurement framework, it said in a statement.
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World Bank promises USD 200 bn in 2021-25 climate cash

Monday, December 3, 2018, 9:09 AM

The World Bank unveiled USD 200 billion in climate action investment for 2021-25, adding this amounts to a doubling of its current five-year funding. The World Bank said the move, coinciding with a UN climate summit meeting of some 200 nations in Poland, represented a "significantly ramped up ambition" to tackle climate change, "sending an-important-signal to the wider global community to do the same".

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