international development association

US pledges $4 Billion to replenish World Bank’s International Development Association

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US pledges Billion to replenish World Bank’s International Development Association

Rio de Janeiro: US President Joe Biden announced that America will pledge USD 4 Billion over the period of the next 3 years to replenish the World Bank‘s International Development Association. In a post on X, Biden shared, “This week I joined World Bank President Banga to announce the United States will pledge $4 billion … Read more

Centre’s debt profile safe and prudent; external debt-to-GDP ratio eases: Finance Ministry

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Centre’s debt profile safe and prudent; external debt-to-GDP ratio eases: Finance Ministry

The Central government’s debt profile remains safe and the share of its external debt in the country’s gross domestic product dropped to 2.7% in FY23 from 3.3% in FY14 at the current exchange rate, the finance ministry told the Lok Sabha on Monday. In a written reply, minister of state for finance Pankaj Chaudhary said: … Read more