The World Bank has in its latest report on Djibouti, stated that in 2022, Djibouti's debt servicing costs tripled to USD 184 million from USD 54 million in 2021. A further increase to USD 266 million has been predicted for 2023.
According to the World Bank's report -- a toolkit on 'Enabling Gender Responsive Urban Mobility and Public Spaces in India', how men and women travel is also intrinsically different. More women tend to walk to work compared to men -- 45.4 per cent versus 27.4 per cent.
Public transport services are not traditionally designed keeping in mind women's safety and their specific travel needs, the World Bank said. This severely limits their access to work, education and life choices. India has amongst the lowest female labour force participation rates globally,
In its latest report "International Debt Report 2022, Updated International Debt Statistics," the World Bank said that the total external debt stocks were at USD 130.433 billion by 2021.
For other EMEs, the World Bank in the report said impacts from the US, euro area, and China are at least 1.5 times larger than for India. It added India's relative resilience comes from its solid economic fundamentals, significant foreign exchange reserves, available policy space and prudent
India's October inflation dropped to 6.77 per cent, from 7.41 per cent in the preceding month, mainly due to easing prices in the food basket, though it remained above Reserve Bank's comfort level for the 10th month in a row.
"India's economy has been remarkably resilient to the deteriorating external environment, and strong macroeconomic fundamentals have placed it in good stead compared to other emerging market economies," said Kouame the World Bank's Country Director in India. However, he said that continue
That puts its inflows far ahead of Mexico (USD60 billion), China (USD51 billion), the Philippines (USD38 billion), Egypt (USD32 billion) and Pakistan (USD29 billion), positioning the country to retain its spot as the world's top recipient of remittances. Such foreign remittances make up almo
In its latest Migration and Development Brief, World Bank said remittance flows to India will rise 12 per cent, putting its inflows ahead of countries including China, Mexico and the Philippines.