World Bank

About 10 million people at risk of slipping into poverty in Pakistan: World Bank

The World Bank’s biannual Pakistan Development Outlook report painted a grim economic picture, indicating that the country is set to miss almost all major macroeconomic targets.

03 April 2024, 17:17 IST

About 10 million people at risk of slipping into poverty in Pakistan: World Bank

03 April 2024, 17:17 IST

About 10 million people at risk of slipping into poverty in Pakistan: World Bank

The Washington-based lender’s apprehension comes from a sluggish economic growth rate of 1.8 per cent coupled with soaring inflation, a staggering 26 per cent in the current fiscal year.

03 April 2024, 09:58 IST

About 10 million people at risk of slipping into poverty in Pakistan: World Bank

03 April 2024, 09:58 IST

World Bank projects Indian economy to grow at 7.5% in 2024

Overall, growth in South Asia is expected to be strong at 6.0 per cent in 2024, driven mainly by robust growth in India and recoveries in Pakistan and Sri Lanka, the World Bank said in its latest South Asia Development Update on Tuesday.

03 April 2024, 03:16 IST

World Bank projects Indian economy to grow at 7.5% in 2024

03 April 2024, 03:16 IST

World Bank raises Sri Lanka's growth forecast to 2.2% for 2024

Sri Lanka secured a $2.9 billion bailout from the International Monetary Fund (IMF) in March last year, helping it temper inflation, increase state revenues, and rebuild foreign exchange reserves after its economy crumpled in 2022.

02 April 2024, 08:40 IST

World Bank raises Sri Lanka's growth forecast to 2.2% for 2024

02 April 2024, 08:40 IST

Plastic recycling is broken. Capitalism can fix it

The world needs a plan to fix its plastic problem. The United Nations has committed to delivering a legally binding Plastic Treaty by the end of 2024. This month, more than 175 governments will convene in Ottawa for the fourth and penultimate round of negotiations of the Plastic Treaty.

02 April 2024, 03:22 IST

Plastic recycling is broken. Capitalism can fix it

02 April 2024, 03:22 IST

Ukraine gets $1.5 bn funding tranche under World Bank programme

Ukraine has received a $1.5 billion tranche of funding under a World Bank programme, Prime Minister Denys Shmyhal said on Friday, helping it pay for its budget and social spending as it defends itself against the Russian invasion.

29 March 2024, 12:07 IST

Ukraine gets $1.5 bn funding tranche under World Bank programme

29 March 2024, 12:07 IST

Pakistan’s external public debt rises by $1.2 billion in six months

Around 64 per cent of the total external public debt was obtained from multilateral and bilateral sources having concessional terms and longer maturity, according to a report in newspaper The Dawn that quoted the MEA.

07 March 2024, 10:32 IST

Pakistan’s external public debt rises by $1.2 billion in six months

07 March 2024, 10:32 IST

World Bank wants to focus on women empowerment and equal opportunity: Official

If India increases its female labour force participation to 50 per cent, it would help boost GDP growth by 1 per cent which is huge for a country like India, World Bank Managing Director (Operations) Anna Bjerde said.

26 February 2024, 05:23 IST

World Bank wants to focus on women empowerment and equal opportunity: Official

26 February 2024, 05:23 IST

Ukraine needs $486 billion to recover, rebuild after nearly two years of war

That 10-year cost estimate is up from $411 billion last March, with housing needs topping the list at $80 billion or 17 per cent, followed by transport needs of $74 billion or 15 per cent, and commerce and industry at $67.5 billion, or 14p er cent.

15 February 2024, 09:39 IST

Ukraine needs $486 billion to recover, rebuild after nearly two years of war

15 February 2024, 09:39 IST

World Bank President Ajay Banga denies IFC cover up of abuse involving Kenya school investment

Civil society groups have expressed concern that IFC ignored evidence of child sexual abuse at the some of Bridge's Kenya schools until the World Bank's Office of Compliance Advisor Ombudsman (CAO) received complaints from parents in 2018 and opened an investigation.

06 February 2024, 03:08 IST

World Bank President Ajay Banga denies IFC cover up of abuse involving Kenya school investment

06 February 2024, 03:08 IST