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World Bank boosts target for climate-friendly financing to 35% over five years

World Bank boosts target for climate-friendly financing to 35% over five years

ViATIMES EDITORIAL TEAM - December 09, 2020

The multilateral development lender said half of the climate-related financing would be done by its main units - the International Bank for Reconstruction and Development and the International Development Association. Between 2016 and 2020, World Bank Group said its institutions, including the International Finance Corp and the Multilateral Investment Guarantee Agency, provided over $83 billion in climate-related finance to developing countries.(Reuters file photo) The World Bank said on Wednesday it was setting a new five-year target for 35…

Covid-19 impact on business not materially adverse so far: Nestle India

Covid-19 impact on business not materially adverse so far: Nestle India

ViATIMES EDITORIAL TEAM - June 06, 2020

Nestle India, a subsidiary of NESTL SA of Switzerland, says it has "strong cash position" and is in a "comfortable liquidity position" to meet its financial commitments. Nestle India continues to witness demand for most of its products and its focus in the immediate period is to make sure that its products are available to consumers FMCG major  Nestle India  on Thursday said the impact of  coronavirus  pandemic on its business operations has not been "materially adverse" so far and the company will contin…

Business

Business

ViATIMES EDITORIAL TEAM - May 03, 2019

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