A debt relief initiative offered by the Group of 20 major economies, which includes China, and the Paris Club of official creditors could provide about $12 billion in extra liquidity through the end of the year

The Bank Group's support through grants, loans and equity investments will be supplemented by the suspension of bilateral debt service, as endorsed by the Bank's governors

Globally remittances are projected to decline sharply by about 20 per cent this year due to the economic crisis induced by the COVID-19 pandemic and shutdown

Lockdown in India latest updates: India reported 1,076 new cases and 32 deaths in the last 24 hours. The country's total number of coronavirus positive cases have risen to 13,835, including 11,616 active cases, 1,766 cured/discharged/migrated and 452 deaths

The IMF's managing director, Kristalina Georgieva, speaking at a rare joint news conference with the leader of the World Health Organization (WHO), called on advanced economies to step up their efforts to help emerging markets and developing countries survive the economic and health impact of the pandemic

World Bank President David Malpass predicted the bank could provide up to USD 160 billion in assistance over the next 15 months

In India, $1 billion emergency financing will support better screening, contact tracing, and laboratory diagnostics; procure personal protective equipment; and set up new isolation wards, World Bank said

Coronavirus pandemic: World Bank President David Malpass said the bank was committed to provide a fast and flexible response based on needs of developing countries

Coronavirus news: World Bank President David Malpass said there will be many unknowns about the fast-spreading virus

IMF chief Kristalina Georgieva and World Bank President David Malpass said in a joint statement that \"given growing health concerns related to the virus,\" they will switch \"to a virtual format\" for the meetings set for April 16-18

Coronavirus update: A Paytm employee in Gurugram, who returned from Italy, has been tested positive for novel coronavirus, the company said in a statement on Wednesday

The human resource problem of Chinese companies in India has come at a time when firms are in trouble due to shortage of imported raw materials and components from China

Coronavirus outbreak: Chief Economic Advisor Krishnamurthy Subramanian stated that coronavirus epidemic in China is a good opportunity for India to increase exports. Coronavirus death toll has exceeded 1100 in China while the Hubei-province which the epicentre of novel coronavirus reported around 94 deaths on Wednesday

Coronavirus outbreak in China: Oil prices increased on Friday after Russia backed a recommendation for the OPEC and its producer allies for likely output cuts. Here's all you need to know

Coronavirus in China: China would halve additional tariffs levied on 1,717 US goods in 2019 owing to its economy being affected due to the coronavirus outbreak. Here's what this exactly means

Robin Shattock, head of mucosal infection and immunity at Imperial College London, said he is now at the stage to start testing the vaccine on animals

World Bank Latest news: David Malpass has said that the global growth will be revised downwards as the coronavirus outbreak has affected global supply chains. Here's what this exactly means

The World Bank loaned China $1.3 billion in the fiscal 2019 year ended June 30, down from about $2.4 billion during fiscal 2017.

Notably, many analysts have been calling for urgent reforms in the factor markets, especially regarding land and labour, to get the economy out of the trough, citing the strong political mandate the government enjoys

Net collection of both direct and indirect taxes has seen a significant decline; lower tax collection means the Centre may fail to meet its fiscal deficit target of 3.3 per cent of the GDP