WORLD BANK

world-bank-vaidya-s-tenure-extended

World Bank: Vaidya’s tenure extended

Tenure of Santosh D Vaidya (IAS:1998:UT), Senior Adviser to ED, World Bank (USA) under the Department of Economic Affairs, was on Monday extended for a period of 02 months beyond 11.06.2020.

09 Jun 2020
appointment-of-eight-foreign-postings-including-geneva-brussels-wdc-likely-this-week

Appointment of eight foreign postings including Geneva, Brussels WDC likely this week

If some well-placed sources are to be believed as many as eight key positions at the level of Joint Secretary and Director may be filled up shortly. The process of selection for these posts is underway and announcements may be made in a couple of days.

Reportedly, two Joint Secretary rank IAS officers may get assignments in World Bank and Geneva whereas two Director level IAS officers may get new assignments in China and Brussels. In case the buzz turns out to be true, the Joint Secretary level postings may surprise people in power corridors.  

Further, Rahul Bijoria, a private person, is also in the reckoning for the Director level post in World Bank. Three officers belonging to IES, ICAS and IRTS cadre are also being considered for posts in Washington DC (Counsellor Economic), ADB Manila and PMI Geneva respectively.

22 May 2020
world-bank-vaidya-s-tenure-extended

World Bank: Vaidya’s tenure extended

By IndianMandarins 09 Jun 2020

Tenure of Santosh D Vaidya (IAS:1998:UT), Senior Adviser to ED, World Bank (USA) under the Department of Economic Affairs, was on Monday extended for a period of 02 months beyond 11.06.2020.

appointment-of-eight-foreign-postings-including-geneva-brussels-wdc-likely-this-week

Appointment of eight foreign postings including Geneva, Brussels WDC likely this week

By IndianMandarins 22 May 2020

If some well-placed sources are to be believed as many as eight key positions at the level of Joint Secretary and Director may be filled up shortly. The process of selection for these posts is underway and announcements may be made in a couple of days.

Reportedly, two Joint Secretary rank IAS officers may get assignments in World Bank and Geneva whereas two Director level IAS officers may get new assignments in China and Brussels. In case the buzz turns out to be true, the Joint Secretary level postings may surprise people in power corridors.  

Further, Rahul Bijoria, a private person, is also in the reckoning for the Director level post in World Bank. Three officers belonging to IES, ICAS and IRTS cadre are also being considered for posts in Washington DC (Counsellor Economic), ADB Manila and PMI Geneva respectively.

worst-ever-economic-slump-for-china-ahead

Worst-ever economic slump for China ahead

By IndianMandarins 31 Mar 2020

World Bank has warned that COVID-19 pandemic's economic fallout could cause China's growth to come to a virtual standstill and drive 11 million more people in East Asia into poverty.

Aaditya Mattoo, the WB chief economist for East Asia and the Pacific, said that the pandemic is causing "an unprecedented global shock, which could bring growth to a halt and could increase poverty across the region."

According to a report on the pandemic's impact on the region, even in the best-case scenario, the region will see a sharp slowdown, with China's growth slowing down to 2.3 percent from 6.1 percent in 2019.

foreign-postings-acc-s-clearance-awaited-for-07-director-level-posts

Foreign postings: ACC’s clearance awaited for 07 Director level posts

By IndianMandarins 16 Nov 2019

If some top sources are to be believed the NaMo administration may soon clear the appointment of seven Director level posts for India’s establishments in Beijing, Brussels, Manilla, Geneva and Washington DC. 

Reportedly, the Appointments Committee of the Cabinet may take adequate time to clear the appointments of Directors to be posted in Asian Development Bank (Manilla), World Trade Organisation (Geneva), Brussels, Beijing, Indian Embassy in Washington DC, World Bank.

 

banerjee,-a-nobel-laureate-in-economics,-apprehensive-about-india’s-growth-story!

Banerjee, a Nobel laureate in economics, apprehensive about India’s growth story!

By IndianMandarins 15 Oct 2019

With the World Bank reducing the growth rate of India to around 6 per cent from its earlier projection of 7.5 per cent, Indian-American Nobel laureate in economics Abhijit Banerjee too is of the view that Indian economy is on a shaky ground as far as growth is concerned.

Banerjee is of the view that the data available at the moment do not hold any assurance for India's economic revival anytime soon. Indian economy is on a shaky ground. After witnessing the present (growth) data, just can't be sure about revival of economy in near future.

In the last five-six years, at least the country witnessed some growth, but now that assurance is also gone and there is no growth visible. He has also talked about imposing more taxes on rich and industrialist of the country to help the economy grow. He had several countries as research subject.

three-ias-officers-given-foreign-postings-in-world-bank,-imf,-adb

Three IAS officers given foreign postings in World Bank, IMF, ADB

By IndianMandarins 19 Jul 2019

The NaMo administration on Friday cleared the appointment of three IAS officers as Senior Advisers to EDs of World Bank, ADB & IMF for a period of three years. Accordingly;

  • T Natarajan (IAS:1996:GJ) appointed Senior Advisor to Executive Director, International Monetary Fund (IMF).
  • Ritesh Kumar Singh (lAS:1996:KN) appointed Senior Advisor to Executive Director, World Bank.
  • Prashant Goyal (lAS:1993:AGMUT) appointed Senior Advisor to Executive Director, Asian Development Bank (ADB).

sbi-md-anshula-kant-made-world-bank-md

SBI MD Anshula Kant made World Bank MD

By IndianMandarins 13 Jul 2019

One of the top SBI officials Ms Anshula Kant is appointed the new MD and Chief Financial Officer of the World Bank. Currently, Kant is holding the post of SBI MD. At the World Bank, she will report directly to President David Malpass in Washington DC.

 

At the global bank, Kant's responsibilities will span financial reporting, risk management, and working closely with the World Bank CEO Kristalina Georgieva on the mobilization of the International Development Association (IDA) and other financial resources.

 

She had joined SBI in 1983 as a probationary officer. Rising through ranks, she has been a Managing Director and member of the Board since September 2018. She is due to superannuate in September 2020.

 

She is credited with improving SBI's asset quality as gross non-performing assets reduced to 7.53 percent of gross advances at end-March 2019 as against 10.91 percent a year before. She has also been commended for her performance during the demonetization/remonetization period.

world-bank-invites-kapoor-(ias)-for-its-annual-conference

World Bank invites Kapoor (IAS) for its annual conference

By IndianMandarins 25 Mar 2019

Indianmandarins has learned that the World Bank has invited Maharashtra's Slum Rehabilitation Authority’s Chief Executive Officer Deepak Kapoor, who belongs to the 1991 batch of IAS officers, for a presentation on e-governance initiatives undertaken by the Authority at the 20th Annual World Bank Conference on Land and Poverty in Washington DC from March 25 to March 29. Chief Minister Devendra Fadnavis has already named Milind Mhaiskar as the acting SRA chief in Kapoor’s absence.

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