➢ The Multilateral Investment Guarantee Agency (MIGA), part of World Bank Group Guarantees and International Solar Alliance (ISA) to Establish Trust Fund to Support Solar Projects.
➢ World Bank has raised the growth forecast for the Indian economy in the current financial year (2024-25) to 7 per cent from its earlier projection of 6.6 per cent.
➢ World Bank report “India Development Update: India’s Trade Opportunities in a Changing Global Context” was released on 3 September 2024.
➢ World Bank's Business Ready (B-READY) index will replace the Doing Business index. The first BREADY report is scheduled to be launched on September 25, 2024. India's B-Ready report is expected to be published in April 2026.
➢ World Bank and the Ministry of Electronics & Information Technology (Meity) are working together to create a state-level Digital Public Infrastructure (DPI) adoption index.
➢ World Bank approves $1.5 billion loan for low carbon energy sector.
➢ Remittance to India in 2024 Likely to be $ 124 billion: The Migration and Development Brief is published by the World Bank twice a year, and the latest report was published.
➢ World Bank plans to provide a $1 billion line of credit to the State Bank of India (SBI) to support the expansion of Battery Energy Storage Systems (BESS) and electric mobility in the country.
➢ Rakesh Mohan, former Deputy Governor of the Reserve Bank of India (RBI), has been appointed as a member of the World Bank Group's Economic Advisory Panel, chaired by Lord Nicholas Stern and co-chaired by World Bank Group Chief Economist Indermit Gill.
➢ World Bank, in its bi-annual report “South Asia Development Update” released on 2 April 2024, has increased its growth rate forecast for the Indian economy for 2024-25 to 6.6 per cent.
➢ According to a recent World Bank report, the income gap between the poorest nations and developed countries is widening, with half of the world's most vulnerable countries experiencing a growing income disparity with wealthier economies.
➢ World Bank provides $300 million loan to Tamil Nadu to help 21 Urban Local Bodies.
➢ World Bank has set up a task force to study the recommendations made by the Independent Experts Group, formed under India’s G20 Presidency, for strengthening multilateral development banks (MDBs).
➢ Commodity Markets Outlook Report is published by the World Bank in April and October, every Year.