World Bank
- Pakistan
Pakistan’s current economic model is not working: World Bank
Islamabad: Pakistan’s current economic model is not working, a top World Bank official has said, underscoring that the cash-strapped nation must change policies that have plagued development and benefitted only a few.…
- India
India leads list of top five remittance recipient countries in 2023
New Delhi: In 2023, India leads the list of top five remittance recipient nations as the country saw the highest amount of inflows in the world. The country received USD 125 billion,…
- Pakistan
Cash-strapped Pakistan secures USD 658 ADB package
Islamabad: Cash-strapped Pakistan has secured a USD 658 million financing package, including an expensive USD 300 million loan at market rates, from the Asian Development Bank, days after Finance Minister Shamshad Akhtar…
- India
Congress taunts BJP after World Bank withdraws paper flagging decline over toilet usage
New Delhi: Congress on Friday taunted the government over the success of Swachh Bharat Mission saying that the World Bank has to withdraw its paper that flagged decline in the use of…
- World
Bangladesh, World Bank ink $1 billion loan deal
Dhaka: The Bangladeshi government and the World Bank have inked a loan agreement worth over $1 billion to help the country achieve resilient and inclusive growth by improving early childhood development, secondary…
- India
World Bank pegs India’s GDP growth at 6.3 pc as global headwinds emerge
New Delhi: The World Bank has forecast India’s GDP growth for 2023-24 to be at 6.3 per cent as global headwinds are emerging as a drag. The expected moderation (from 7.2 per…
- Pakistan
Pakistan’s economy on edge of precipice, warns World Bank
Islamabad: Pakistan is in its tipping point crisis where it should decide to remain a laggard with 40 per cent population living below the poverty line under elite capture and policy decisions…
- India
World Bank President Ajay Banga to travel to India next week to attend G20 meeting
Washington: World Bank President Ajay Banga will travel to India next week to attend the G20 Finance Ministers and Central Bank Governors Meeting in Ahmedabad, Gujarat, according to the development lender. This…
- India
World Bank approves over USD 255 mn loan to improve technical education in India
New Delhi: The World Bank has approved a USD 255.5 million loan to assist India in raising the standard of its technical education and expanding the number of jobs prospects available to…
- India
World Bank approves $150 mn loan to support Resilient Kerala Program
Thiruvananthapuram: The World Bank’s Board of Directors has approved a $150 million loan to support the Resilient Kerala Program to continue strengthening the state’s preparedness against natural disasters, climate change impacts, and…
- Pakistan
Pakistan’s economy to grow by 2% in the next fiscal year: World Bank
Islamabad: The World Bank has projected Pakistan’s economy to grow by two per cent in the next fiscal year, much lower than the 3.5 per cent target set by the country’s top economic…
- India
Indian American Ajay Banga takes over as World Bank President
Washington: Indian American Ajay Banga on Friday took over as the President of the World Bank, making him the first person of colour to head either of the two global financial institutions,…
- Middle East
UAE non-oil economy to grow 4.8% in 2023: World Bank
Abu Dhabi: The World Bank has projected that the real GDP of the UAE will grow by 2.8 percent in 2023, as the non-oil sector is expected to achieve strong growth of…
- India
Ajay Banga becomes World Bank chief unopposed
Washington: Indian-American business leader Ajay Banga was on Wednesday appointed as the next President of the World Bank, which said it looks forward to working with him on the World Bank Group…
- World
World Bank approves $1.25 bn financing for Bangladesh
Dhaka: The World Bank has discussed a new Country Partnership Framework (CPF) for Bangladesh, spanning from 2023 to 2027, and approved $1.25 billion financing in three new projects, the lender said. Of…
