After World Bank, AIIB Pulls Out of Amaravati Capital City Project

Press Release | July 23, 2019 After the World Bank, Asian Infrastructure Investment Bank Pulls Out of Amaravati Capital City Project New Delhi: The China-led Asian Infrastructure Investment Bank (AIIB) pulled out of Amaravati Capital City Project in Andhra Pradesh. This decision, communicated by its spokesperson Laurel Ostfield to a news agency, follows the decision of …

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विश्व बैंक ने अमरावती कैपिटल सिटी परियोजना से हाथ खींचा, लोगों को मिली बड़ी सफ़लता

विश्व बैंक ने अमरावती कैपिटल सिटी परियोजना से हाथ खींचा, लोगों को मिली बड़ी सफ़लता प्रेस विज्ञप्ति | 20 जुलाई, 2019 एक बड़े ऐतिहासिक कदम, जिसका प्रभाव कई स्तर पर देखने को मिलेगा, उठाते हुए कल विश्व बैंक ने आंध्र प्रदेश के अमरावती कैपिटल सिटी परियोजना में $300 मिलियन का क़र्ज़ देने से इनकार कर …

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World Bank Pulls Out of Amaravati Capital City Project: A Major Victory to People, Activists Say

For Immediate Release World Bank Pulls Out of Amaravati Capital City Project: A Major Victory to People, Activists Say July 18, 2019: In a significant move, which will have repercussions at multiple levels, yesterday the World Bank has decided to pull out of the $300 million lending to the Amaravati Capital City project in Andhra Pradesh. …

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Humanity Absent from World’s most Acclaimed Development Report

By Tani Alex The World Development Report (WDR) is the World Bank’s development research and policy review report published annually. Started by IBRD since 1978, this report is intended to provide deep and extensive analysis on one particular aspect of economic development, every year. The solutions and policy messages brought out in this report is …

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Symposium on India’s Engagements and Experiences with Accountability Mechanisms of Multilateral Development Banks

The Inspection Panel is completing 25 years in its role, as an accountability mechanism of the World Bank. As you are aware, the Bank’s failure to comply with its operating policies was seen by the entire world in the Bank’s financing with the Sardar Sarovar Dam project on River Narmada. The tenacity of massive grass-roots uprisings …

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भारत में जलविद्युत विकास को बड़े पैमाने पर बढ़ावा

इस सेक्टर में निजी क्षत्रे को आकर्षित करने के लिए सरकार ने 2016 में इस पर चर्चा शुरू की कि नवीकरणीय ऊर्जा के क्षत्रे को और विस्तृत किया जाए ताकि 25 मेगावाट क्षमता से अधिक के जलविद्युत स्टेशन भी उसमें शामिल किए जा सके। इससे सरकार को 2022 तक 175 मेगावाट नवीकरणीय ऊर्जा उत्पादित करने …

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Big Push for the Development of Hydropower in India

It is noteworthy that currently, coal-based power projects are under threat due to lack of coal linkages and power purchase agreements, thus stalling many existing power projects and discouraging many companies from expanding to new coal power projects. This would give a boost to hydropower projects in many regions, especially in the Himalayan regions.

MASS welcomes the US Supreme Court’s Decision to Hear the Case Challenging World Bank Group Immunity

For immediate release MAAS welcomes the US Supreme Court’s Decision to Hear the Case Challenging World Bank Group Immunity This will be the first time the US Supreme Court will address the scope of international organisations’ immunity. May 21, 2018, Mundra, Gujarat: Machimar Adhikar Sangharsh Sangathan (MASS) and the affected communities by the Tata Mundra …

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Huge Overlap in Investments by MDBs, ExIM Banks, and Bilaterals on Critical Sectors

By Joe Athialy Ever since the first lending from World Bank in 1949 worth $34 million to Indian Railways and the bilateral credit India received from the erstwhile USSR and USA in the early 50s, India has been a recipient of significant funds from different multilateral and bilateral sources. While each of these lendings came …

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