Weak policing, polls uncertainty pose high risk to Bangladesh's economy, says World Bank
Dhaka/IBNS: The World Bank (WB) has identified three major risks to Bangladesh’s economy and development: law and order concerns, uncertainty surrounding the upcoming general election, and weaknesses in the financial sector.
Bangladesh's GDP growth to decelerate to 4%: World Bank
Dhaka/IBNS: Bangladesh's post-Covid recovery remains hampered by high inflation, a balance of payments deficit, financial sector vulnerabilities, and limited job opportunities for its youth, particularly women and educated individuals, according to the World Bank's latest biannual report released on Tuesday (Oct. 15).
World Bank says 40 percent of Pakistanis are currently living below the poverty line
World Bank has said 40 percent of Pakistanis are currently living below the poverty line in the financially-hit nation.
Pakistan needs to substantially increase its investments in human development: World Bank
The World Bank’s report, Pakistan Human Capital Review (HCR), Building Capabilities Throughout Life, underlines the need for Pakistan to significantly increase investments in human capital to address the severe gaps it faces in education and health outcomes particularly.
World Bank recommends Pakistan to end subsidies
Islamabad: The World Bank has termed the rise in Pakistan’s fiscal deficit and debt as “dangerous” for its economy and made several suggestions to the country to counter this problem — starting with the end of subsidies.
US President Joe Biden nominates India-origin Ajay Banga to lead World Bank
Washington: US President Joe Biden has nominated former India-origin MasterCard CEO Ajay Banga to be the President of World Bank.
World Bank chief Malpass announces early departure
New York: The World Bank is poised to get a new president in 2023, as David Malpass announced his departure on Wednesday.
Pakistan needs to take internal steps for economic recovery: Martin Raiser
Islamabad: Pakistan will have to take internal measures along with help from the international community by implementing economic reforms to recover from the cataclysmic floods, World Bank Vice President for South Asia Martin Raiser said.
Sudan: World Bank provides $100 million in emergency support
New York: The UN World Food Programme (WFP) in Sudan has received a $100 million contribution from the World Bank to assist with critical emergency cash and food sustenance in Sudan.
World Bank downgrades 2022 global growth forecast
Washington/UNI/Xinhua: The global economy is on track to grow by 2.9 percent in 2022, down 1.2 percentage points from the January projection, the World Bank Group said in its latest Global Economic Prospects released on Tuesday, warning of stagflation risk.
World Bank assesses $60bln worth of damage in Ukraine
Washington: The World Bank Group assesses that Ukraine has taken $60 billion worth of damage in the ongoing conflict in the country, President David Malpass said.
New World Bank Survey offers a snapshot of living conditions in Afghanistan
The World Bank today released results of a household survey conducted in Afghanistan in the fall of 2021 to assess changes in basic living conditions in the early days of the interim Taliban administration. The survey was conducted by phone and provides a representative sample of Afghan households covering all regions of the country.
World Bank ready to provide immediate support to Ukraine
Washington/UNI/Sputnik: The World Bank Group is ready to provide Ukraine with immediate financial support amid the conflict with Russia, President David Malpass said.
World Bank sets terms on Pakistan for loan
Washington/UNI: The World Bank on Wednesday has demanded Pakistan to meet for conditions during the current fiscal year to be able to get approval for a USD 350 million programme loan.
World Bank agrees to lend USD 100 mln to Sri Lanka for COVID-19 battle
Colombo/Xinhua: The World Bank has agreed to give a 100-million-US dollar loan to support Sri Lanka's efforts to curb the spread of the COVID-19, local media reported here Thursday.