Weak policing, polls uncertainty pose high risk to Bangladesh's economy, says World Bank
Oct 18, 2024, at 03:44 am
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
Oct 17, 2024, at 01:13 am
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
Apr 04, 2024, at 08:58 pm
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
Oct 05, 2023, at 09:02 pm
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
Apr 18, 2023, at 05:15 am
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
Feb 24, 2023, at 02:56 pm
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
Feb 17, 2023, at 09:34 pm
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
Oct 23, 2022, at 10:38 pm
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
Jul 29, 2022, at 09:35 pm
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
Jun 08, 2022, at 03:10 pm
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
Apr 22, 2022, at 03:13 pm
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
Mar 18, 2022, at 08:45 pm
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
Feb 25, 2022, at 03:39 pm
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
Feb 09, 2022, at 09:44 pm
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
Sep 23, 2021, at 10:46 pm
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.
World Bank agrees to lend USD 100 mln to Sri Lanka for COVID-19 battle
Sep 23, 2021, at 10:44 pm
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.
As Taliban overruns Afghanistan, World Bank halts aid
Aug 26, 2021, at 11:57 pm
Kabul: The World Bank has halted funding for projects in Afghanistan as Taliban overran the country on Aug 15, giving a jolt to the insurgent group.
World Bank to provide $60 million for Nepal’s higher education
Jun 14, 2021, at 06:07 pm
The World Bank will provide $60 million to Nepal to improve the quality of Nepal's higher education, scale up online learning, and expand access to academic institutions for underprivileged and vulnerable students. The lender’s board of executive directors approved funding for it.
World Bank assures Afghanistan of continued assistance
Jun 14, 2021, at 05:58 pm
The World Bank has assured the Afghan government of its continued assistance within the framework of the commitments made ar last year’s Geneva conference. The assurance came after Hartwig Schafer, the World Bank Vice-President for the South Asia region, met Afghan President Ashraf Ghani early this week.
Pakistan shares debt management plan with World Bank
Apr 22, 2021, at 05:55 am
Pakistan has shared with the World Bank a revised outline of the Circular Debt Management Plan that seeks rationalization of taxes, negotiated takeover of old independent power plants (IPPs) and closure of all old public sector plants to increase electricity tariffs, Dawn reported.
Pakistan signs $1.3 billion deal with World Bank
Mar 28, 2021, at 12:32 am
The World Bank has signed agreements with Pakistan’s government to provide the country $1.33 billion in assistance to boost its foreign reserves and social sectors, reported Dawn.
World Bank says Uzbekistan's economic outlook remains positive despite pandemic
Oct 07, 2020, at 09:53 pm
Tashkent/Xinhua: Uzbekistan will be one of only two states in Europe and Central Asia to demonstrate economic growth in 2020, according to the World Bank's Economic Update released Wednesday.
World Bank rebuffs Pakistan, refuses to mediate in Indus water sharing issue
Aug 09, 2020, at 01:40 am
Islamabad/UNI: In a rebuff to Pakistan, the World Bank has refused to unilaterally decide on appointment of a neutral expert or Court of Arbitration (COA) for settling the dispute over the water sharing agreement between India and Pakistan under the 1960 Indus Water Treaty and suggested that the two countries mutually decide the matter.
World Bank increases financing for Bangladesh's food security project
Aug 03, 2020, at 01:01 am
Dhaka/UNI: World Bank's Board of Executive Directors has approved a 202 million US dollar additional financing package for Bangladesh's Modern Food Storage Facilities Project so as to increase the country's storage capacity.
Support measures helped prevent poverty increase in Russia amid COVID-19 - World Bank
Jul 06, 2020, at 05:18 pm
Moscow/Sputnik: The government's support measures helped Russia avoid a sudden increase in poverty amid the coronavirus pandemic, the World Bank's Country Director for Russia Renaud Seligmann told Sputnik.
May 20, 2020, at 10:31 am
Washington/IBNS: New purchasing power parities (PPPs) for reference year 2017 that adjust for differences in the cost of living across economies were released today by the International Comparison Program (ICP).
Pakistan's economy may fall into recession due to COVID-19 break - World Bank
Apr 12, 2020, at 06:19 pm
Islamabad/Xinhua/UNI: Pakistan may fall into an economic recession owing to the outbreak of COVID-19 in the country, a World Bank report said on Sunday.
China's GDP growth to decline to 2.3 pc in baseline scenario in 2020, warns World Bank
Mar 31, 2020, at 01:43 pm
Washington/Sputnik/UNI/IBNS: China's GDP growth is expected to decline to 2.3 per cent in the baseline scenario in 2020 due to the novel coronavirus (COVID-19) pandemic, the World Bank said in a report.
China's GDP growth to decline to 2.3 pc in baseline scenario in 2020: World Bank
Mar 31, 2020, at 12:14 pm
Washington/Sputnik/UNI: China's GDP growth is expected to decline to 2.3 per cent in the baseline scenario in 2020 due to the novel coronavirus (COVID-19) pandemic, the World Bank said in a report.
Mar 26, 2020, at 01:39 pm
New York/IBNS: The top United Nations official in Somalia congratulated the Horn of Africa nation on Wednesday for achieving the benchmark set by the World Bank and the International Monetary Fund (IMF), confirming its eligibility for debt relief.