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World Bank commits $1 bn to India for public healthcare infra

by AIP Online Bureau | Mar 3, 2023 | Eco/Invest/Demography, Health, Indian News

Through this combined financing of USD 1 billion (about Rs 8,200 crore), the bank will support India’s flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM), launched in October 2021, to improve the public healthcare infrastructure across...

Chile readies major earthquake insurance with World Bank

by AIP Online Bureau | Feb 24, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life

“The insurance would allow Chile to receive pre-established compensation payments, in the event of certain high intensity parameterized seismic events that cause material damage to the country and public finances,” the ministry said in a statement Chile is finalizing...
India could soon experience heat waves that break human survivability limit: World Bank report

India could soon experience heat waves that break human survivability limit: World Bank report

by AIP Online Bureau | Dec 7, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

”Up to 75 percent of India’s workforce, or 380 million people, depend on heat-exposed labor, at times working in potentially life-threatening temperatures. …By 2030, India may account for 34 million of the projected 80 million global job losses from heat...
World Bank seeks to unclog Cat Bond jam in emerging markets

World Bank seeks to unclog Cat Bond jam in emerging markets

by AIP Online Bureau | Dec 7, 2022 | Disaster & Management, Eco/Invest/Demography, International News, Reinsurance

“Most of our transactions today have been either earthquake or hurricane,” said Bennett, referring to insured risks. “I think that will continue to be the largest, but certainly people are thinking about things like drought and flooding” Michael Bennett, head of...
Global debt levels rose ‘substantially’ in 2021 – World Bank’s Malpass

Global debt levels rose ‘substantially’ in 2021 – World Bank’s Malpass

by AIP Online Bureau | Nov 13, 2022 | Eco/Invest/Demography, International News, Policy

David Malpass, Presidnt,World Bank President IMF and World Bank officials say 25% of emerging market and developing economies are in or near debt distress, and the number rises to 60% for low- and middle-income countries. Climate shocks, interest rate increases and...
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