Wednesday, May 18, 2022
Tags World Bank

Tag: World Bank

World Bank plans $170bn fund to help ‘poorest nations’

The World Bank is seeking to create a $170 billion emergency fund to help the poorest nations being buffeted by multiple crises, the Bank’s...

Pakistan delegation to meet IMF, World Bank

A high-profile Pakistan delegation is set to attend the upcoming annual spring meeting of the Breton Wood Institutions (BWIs) such as the International Monetary...

World Bank sees 1% reduction to 4.3% in economic growth rate

The World Bank (WB) on Wednesday reduced economic growth rate forecast for current fiscal year by almost one percent and noted that the energy...

World Bank approves $195m for energy sector reforms

The World Bank’s Board of Executive Directors on Saturday approved $195 million for Pakistan to help it improve its electricity distribution and carry out...

Pakistan sustains losses worth $1.6b owing to low exports

In its first quarterly economic review report, the planning ministry disclosed that in terms of quantity, the country's exports were decreasing and Pakistan has...

Collapse of Afghanistan’s banking system could fuel refugee crisis, warns UN

The United Nations on Monday warned that urgent action is needed to prop up Afghanistan's banks, highlighting that an increase in people unable to...

Top US economist to Pakistan: Don’t let IMF/WB dictate you

Top US Economist Arthur B Laffer counseled Pakistan to refrain from following the International Monetary Fund (IMF) and the World Bank (WB) when it...

World Bank downgrades Pakistan’s GDP growth rate, projects higher inflation

World Bank downgrades Pakistan's GDP growth rate at 3.4% while projecting the inflation rate to rise during the current fiscal year. The Washington-based lender also...

South Asian economies recover amid rallying global demand

Economies in South Asia recover as global demand bounces back and targeted containment measures aid in reducing the economic impacts of the pandemic. According...

Is Afghan economy on verge of collapse?

Afghanistan is encountering a cash crisis that has crippled the country’s frail economy, only a few weeks after the US troops left, Border restrictions,...

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