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World Bank selects Jim Yong Kim as its next President

United States nominee Jim Yong Kim was on Monday chosen as the next president of the World Bank, an appointment that continues the longstanding tradition of an American leading the Washington-based......

Tatas' tea plantation arm: Labour issues prompt audit

Concerns over unresolved issues of labour and working conditions have prompted the ombudsman for the International Finance Corp to order a compliance audit of IFC's investment in Amalgamated......

Onno Ruhl is World Bank Country Director for India

World Bank has appointed Onno Ruhl as the Country Director for India.He will replace Roberto Zagha who retires in October.Ruhl, a Dutch national, was previously the Director for Operations Services......

Governance misuse, graft blocked poverty schemes

Corruption and lack of civil service reforms mar the outcome of World Bank-assisted projects in improving education and health of the poor, finds the Independent Evaluation Group (IEG) of the......

ADB approved $17.51 bn in 2010

The Asian Development Bank (ADB), on Wednesday said it has approved $17.51 billion in financing operations last year to assist its developing member countries achieve their Millennium Development......

FDI into developing countries to rise 17%: WB

The foreign direct investment flows into developing countries including India, is expected to recover over the next couple of years and is projected to increase by 17 per cent in 2010, a World Bank......

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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