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Lloyd’s partners with World Bank Group in bid to boost guarantees to $20bn by 2030

Lloyd’s partners with World Bank Group in bid to boost guarantees to $20bn by 2030

by AIP Online Bureau | Sep 25, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Lloyd’s CEO, John Neal, said, “Collaboration is the hallmark of the Lloyd’s market, and through our ongoing partnership with MIGA, the (re)insurance industry has facilitated projects around the world which are having a tangible impact on the local and national...

India may take 75 years to reach one-quarter of US income per capita: World Bank

by AIP Online Bureau | Aug 3, 2024 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

The road ahead has even stiffer challenges than those seen in the past: rapidly ageing populations and burgeoning debt, fierce geopolitical and trade frictions, and the growing difficulty of speeding up economic progress without fouling the environment, said the...

World Bank eyes first ‘drought’ bond in next 12-18 months

by AIP Online Bureau | Jul 18, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Risk Management

“We would love to do something in the drought space, that is something we are working on,” said George Richardson, director of the capital markets and investment department at the World Bank Treasury told Reuters, adding this would be most likely focussed on Africa...

WB approves $1.5 bn more to aid India’s low-carbon emission reforms

by AIP Online Bureau | Jun 29, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

According to the World Bank, the reforms are expected to result in the production of at least 450,000 metric tonnes of green hydrogen and 1,500 MW of electrolysers per year from FY25/26 onwards, said the World Bank New Delhi: The World Bank on Saturday approved $1.5...

India fastest growing economy to clock 6.7 pc growth over 3 years World Bank

by AIP Online Bureau | Jun 11, 2024 | Eco/Invest/Demography, Indian News, Policy

“India will remain the fastest-growing of the world’s largest economies, although its pace of expansion is expected to moderate. After a high growth rate in FY2023/24, steady growth of 6.7 per cent per year, on average, is projected for the three fiscal...
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