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New Development Bank: A challenge or complement to financial system

Challenging the World Bank and the IMF as a response to their failed reforms or complementing the existing market players with efficiency and not a competition, the New Development Bank focuses beyond those things and...

World Bank endorses first grant to Myanmar in 25 years

The World Bank has approved a multi-million-dollar grant for Myanmar to support reform endeavors in the country formally known as Burma. It’s the first financial aid provided to the nation in over two decades. The...

Chidambaram worried over Commodity speculation

While addressing the Development Committee meeting of the World Bank in Tokyo, Finance Minister P. Chidambaram wants urgent steps at the international level needs to initiate to curtail the diversion of foodgrains for alternative uses....