Growth in developing East Asia and Pacific is slowing and the region is expected to post 7.6 per cent expansion in 2012 compared to 8.2 per cent in 2011, a World Bank report said on Wednesday.

Altho

Global trade logistics performance slowed down over the last two years amid the global recession, but India and others that pursued aggressive reforms continued to improve, according to the World Bank

World food prices are expected to ease in April after three months of rises due to falls in some grain prices, but inflation worries are still simmering as soybean and rice prices climb - fanning fear

Global food prices again rose in the first quarter on the back of higher oil prices, putting millions of people at risk of not having enough to eat, the World Bank said on Wednesday.

The eight per ce

Finance Minister Pranab Mukherjee expressed confidence lawmakers will approve key financial sector reforms in 2012, despite concerns political gridlock could delay any meaningful bills until a new gov

India and other members of BRICS grouping have agreed to establish a task force to come up with recommendations to set up a developmental bank, a move that has received 'good vibrations' from the W

The International Monetary Fund has almost doubled its 'fire power' to protect the world economy against deepening debt turmoil in Europe with the Group of 20 nations, including India, pledging $430 b

Three quarters of the world's poor, living on less than $2 a day, have no bank account, further driving the vicious cycle of poverty, the World Bank said in a report on Thursday.

The lack of bank acc

Three out of five people in developing countries lack effective social safety net coverage as they struggle to forge ahead through global financial volatility and food and fuel price hikes, the World

Issues related to global economy and international financial architecture are expected to be the focus of Finance Minister Pranab Mukherjee during his 4-day visit here starting on Wednesday to atte