To check Oneindia News on your Mobile
go to:   http://m.oneindia.in/news/
 
  •  

India to ask $5.2 bn from World Bank

 [IST]
Print This Page
Comment on This Article
A A A
Dollars
London, Apr 4: India will now draw additional monetary aid of $5.2 billion from the World bank.
  Read:  हिन्दी में 
Recapitalisation of state-owned banks and infrastructure finance companies along with power grid corporations are the components that will benefit from this. This is inorder to improve the country's financial sector and the infrastructure projects.

India till now has drawn $3 billion annually from the world bank out of which half was in concessional form. It was at this G20 summit that the developing nations were promised better voting rights in institutions like the International Monetary Fund (IMF) and the World Bank.

OneIndia News
Topics: world bank, imf, india, london, g20 summit
Other articles published on April 4, 2009
Close
 

IFC to invest $25 mn in Electrotherm India

Sunday, May 20, 2007,14:04 [IST]
New Delhi, May 20: IFC, the private sector arm of World Bank Group, will invest 25 million dollars in steel and electric vehicles maker Electrotherm India Ltd for expanding its operation. IFC will give 15 million dollars in the form of 10 years debt and the rest as optionally convertible bonds, it said in a statement. The loan from IFC will help the company undertake projects in Gujarat including expanding the production of.....
Read More

Wolfowitz trims daily role, plans staff outreach

Saturday, May 19, 2007,3:35 [IST]
Washington, May 19: A day after resigning as World Bank president over an ethics scandal, Paul Wolfowitz today withdrew from day-to-day decision-making, saying his biggest task before leaving on June 30 was to meet with staff. In a letter to the board obtained by Reuters, Wolfowitz suggested that he leave the operations of the bank to his two managing directors, including outside meetings. He also said he may make a farewell journey to.....
Read More
Connect with

Iraq legacy dogged Wolfowitz at World Bank

Friday, May 18, 2007,10:38 [IST]
Washington, May 18: Paul Wolfowitz, whose resignation was announced yesterday, took over the World Bank in mid-2005 carrying a legacy as an architect of the Iraq war that never ceased to trouble his critics inside and outside the poverty-fighting institution. Controversial though he was as successor to James Wolfensohn, especially among European countries that had opposed the Iraq war, the Bush administration engineered his move from the Pentagon to the World Bank presidency without.....
Read More
User Comments
[ Post Comments ]
Be the first to comment on this article.
Oneindia  Oneindia Login
Gallery - Videos