Ajay Banga, the World Bank’s new President, called for the private sector to play a larger role to help emerging countries in their battle against climate change in his first interviews on Sunday.
Tag: IMFNews
As world’s fastest-growing economy at 5.8%, India ‘bright spot’: UN economist
As the fastest-growing major economy at a clip of 5.8 per cent this year, India is a “bright spot” when the world economy is expected to grow by only 1.9 per cent, according to the UN’s chief official monitoring the global economy. For next year, the UN is projecting a growth rate of 6.7 per cent, a “very high growth relative to other G20 member countries”, the group of the large developed and emerging economies headed by India, said Hamid Rashid, the Chief of the Global Economic Monitoring Branch, on Wednesday.
People in South Asia 15 times more likely die from climate change impact: United Nations chief
South Asia is the hotspot of the climate crisis with the people there most prone to die from its impact, according to UN Secretary-General Antonio Guterres.
“South Asia is one of the world’s global climate crisis hotspots — in which people are 15 times more likely to die from climate impacts than elsewhere,” he said on Monday.
One-third of global economy will be in recession in 2023: IMF Chief
International Monetary Fund (IMF) chief Kristalina Georgieva has warned that one-third of the global economy will be in recession this year and 2023 will be “tougher” than 2022 as the US, EU and China will see their economies slow.
India seems like an island of a certain level of calm: FM Nirmala Sitharaman
India’s Finance Minister Nirmala Sitharaman on Wednesday said from 2020 till today, India seems to come to a situation, where challenges from Ukraine crisis continue and the newer challenges are also building up, but the country seems like an island of a certain level of calm.