IMF concerned about debt, fiscal challenges facing low-income countries
Georgieva terms it a huge burden for these nations
Record debt costs mean climate spending could push nations to brink of insolvency
Report says 47 developing countries would hit external debt insolvency thresholds
IIED advocates debt swaps, lists Pakistan among possible beneficiaries
Says its report aims at encouraging the move at the IMF and World Bank spring meetings
Minister briefs PM on IMF, WB meetings during upcoming US visit
Minister briefs PM on IMF, WB meetings during upcoming US visit
Pakistan must go for privatisation, ending untargeted subsidies: World Bank
Calls broadening tax base, reducing federal expenditure in areas devolved to provinces
South Asia jobs creation lags population growth: World Bank
The region created an average of 10m jobs a year, working-age population grew by 19m
World Bank to share more data to attract private investors to developing countries
Banga says China's "remarkable journey" in the past five decades was a testament to what is possible
What about rate cuts? WB says emerging economies must grow 'much faster' for debt repayment
The warning comes as the IMF is forcing countries like Pakistan to maintain monetary tightening
Report says 62 developing countries in full-blown debt crisis, need relief 'now or never'
Report comes ahead of Global Sovereign Debt Roundtable
How World Bank sees Pakistan's economy
Optimistic tale of economy takes turn as one delves into perspective of the World Bank
World Bank approves $350m financing to strengthen fiscal management in Pakistan
Funds are also meant to ensure competitiveness for sustained and inclusive economic growth
Pakistan to experience a decline in remittances: World Bank
Says exchange rate differential means flow is diverted from formal to informal channels
World Bank says risk increased for countries like Pakistan amid high level of domestic debt
Notes Islamabad accounts for two-thirds of South Asia’s external debt obligations to Beijing
Polish opposition threatens cenbank independence with tribunal talk
Polish opposition threatens cenbank independence with tribunal talk
Climate change - Fund countries like Pakistan to produce cleaner energy: E3G
EBRD backs 3bn euro plan to wean North Macedonia off coal power
Developing countries 'coerced'? World Bank poised to host climate Loss and Damage Fund
Expert says it's a sombre day for climate justice; Pakistan had led efforts for its creation at COP2
World Bank sees oil price dipping to $81 next year, but Middle East war can be a spoiler
Worst case scenario due to an expanded conflict may spike the prices to $140-$157 range
WB president says geopolitics is biggest, but not the only, risk to global economy
Warns Israel-Hamas war has made world a more dangerous place
IMF, World Bank 'impotent' on Israel-Hamas war shock
A G20 official says almost impossible to reach consensus on Israeli-Palestinian conflict
Dr Shamshad Akhtar meets Moroccan trade minister
Both discussed economic partnerships and cooperation in various fields
Pakistan's economic indicators improve in FY24: IMF
The global lender said the country’s economic growth remained 0.3pc in the previous fiscal year
World Bank, Planning Commission discuss rehabilitation of flood victims
World Bank's country director meets interim Minister for Planning Sami Saeed
Reforms could boost World Bank lending to developing countries by nearly $190bn
Biden admin is pushing the World Bank as a "credible alternative" to China's overseas lending
Public debt expected to fall in most Pacific countries -World Bank
Debt has surged in the region since 2019 as the tourism-dependent economies were hit by COVID
World Bank to help fund 1,000 mini solar power grids in Nigeria
World Bank to help fund 1,000 mini solar power grids in Nigeria
World Bank's IFC considers $1.5 bln in investments in Ukraine banking, farming and infrastructure
World Bank's IFC considers $1.5 bln in investments in Ukraine banking, farming and infrastructure
India should cash in on 'China plus one' strategy - World Bank chief
India has a window of three-to-five years to seize this opportunity to attract investment: Banga
Multilateral banks need major changes to boost lending: G20 panel
Says additional $3tr spending required each year by 2030 towards climate action
World Bank chief Banga unveils new plans to boost lending 'firepower'
Plans could generate tens of billions of lending by allowing shareholders to guarantee loans
World economy in a difficult place but not destined to stay there - W.Bank chief
"Forecast is not equal to destiny. We can change destiny" Banga said
StanChart to sell five sub-Saharan Africa businesses to Access Bank
StanChart to sell five sub-Saharan Africa businesses to Access Bank
G20 to discuss international debt architecture, more loans to developing nations
Zambia, Ghana, others are waiting for big creditors to make progress in providing debt relief
WB approves $46m for KPK's child healthcare services
Nearly 300,000 children under the age of two will benefit from Child Welfare Grants
World Bank to provide $500m budget support to Sri Lanka
Its economy is expected to shrink 2pc this year before returning to growth next year
World Bank approves $700m for Mexico to boost women's economic opportunities
The project also looks to expand social security coverage to cover all domestic workers
At Paris summit, World Bank, IMF take steps to boost crisis financing
Aim is to boost crisis financing for low-income states, ease debt burdens, reform post-war finances
Infant mortality rises when sovereign debt defaults drag on, study says
Western officials blame China for delaying resolution of Zambia's debt restructuring
World Bank set to pause loan repayments by disaster-hit nations: FT
Macron hosts the Paris summit to pin down roadmap for easing debt burdens of low-income countries
Bridgetown Initiative: Macron hosts summit to reform multilateral financial institutions
Rising interest rates major concern; More financing for countries needing most among demands
World Bank approves $200m for flood recovery, resilience in Pakistan
Investments will focus on rehabilitation of infrastructure affected by 2022 devastating floods
World Bank needs new playbook to boost private investment in emerging markets
World Bank needs new playbook to boost private investment in emerging markets
WB projects two more dark years for Pakistan's economic growth
Says the agriculture output is likely to have contracted for the first time in two decades
African economies debt outlook remains "cloudy" - World Bank economist
African economies debt outlook remains "cloudy" - World Bank economist
IMF says US default would have 'very serious repercussions' on global economy
IMF says US default would have 'very serious repercussions' on global economy
World Bank elects US nominee Ajay Banga as president
World Bank elects US nominee Ajay Banga as president
World Bank approves $150 mln loan to Panama for green development
The project is also expected to help Panama decarbonize its land transportation
Global migration to grow, needs better management, says WB
WB said destination countries should encourage migrants having skills matching the country needs
World Bank declares Pakistan's state-owned enterprises worst
The government guarantees considered as loans for SOEs have doubled since 2016
WB projects Pakistan's inflation to further surge to 29.5pc in FY23
The agricultural output is expected to contract for the first time in more than 20 years
Federal's extravagant expenses main reason for budget deficits: WB
Pakistan has reached the highest level of financial losses since last 22 years
New India-born World Bank chief: Real change or rebranding?
New India-born World Bank chief: Real change or rebranding?
US pushes for 'bold action,' more reforms at World Bank this year
Outgoing WB President David Malpass said that WB had responded with "vigor and speed" to Yellen's ca
Buffett says people shouldn't worry about Berkshire, banks
Buffett says people shouldn’t worry about Berkshire, banks
New BOJ head says banks stable, rules out major policy shift
New BOJ head says banks stable, rules out major policy shift
Inflation, trust-deficit main reasons for slow economic growth: WB reports
WB has released Pakistan Development Update report
Dar commends WB support in flood recovery, rehabilitation
Ishaq Dar assured full support to the WB-funded development projects in Pakistan.
World Bank resumed parallel proceedings on concern over Indus Water Treaty
World Bank resumed parallel proceedings on concern over Indus Water Treaty
World Bank delays approval of $1.1billion loan for Pakistan
World Bank delays approval of $1.1billion loan for Pakistan
Pakistan's inflation at highest level since 1970s, says World Bank
Economic growth rate expected to be 2% in financial year against previously predicted 4% GDP
Ishaq Dar appreciates WB support for flood-hit Pakistan
Ishaq Dar appreciates WB support for flood-hit Pakistan
World Bank approves $1.69bn in flood relief to Pakistan
World Bank approves $1.69bn in flood relief to Pakistan
WB to provide financial support for Pakistan to provide subsidized urea
WB to provide financial support for Pakistan to provide subsidized urea
World Bank to launch new trust fund for emissions reduction grants
SCALE will be the new umbrella trust fund for the bank's results-based climate finance activities.
World Bank okays $200m to improve Pakistan's agricultural sector
Pakistan has been a member of the World Bank since 1950.
World Bank creates fund to better prevent, respond to pandemics
The fund will support prevention, preparedness and response (PPR).
WB approves $300 million for climate-resilient roads in KP
KPRAP will benefit 1.7 million people who live in rural areas in KP: WB
World Bank slashes 2022 global growth forecast to 2.9%
Russia's economy is expected to contract this year by 11.3 percent.
Pakistan enjoys strong growth of 5.6% in FY21: World Bank
Pakistan's economy enjoyed a strong recovery and grew 5.6 percent in FY21: World Bank
South Asia Economic Focus: Effects of pandemic, Russia-Ukraine war
Growth in South Asia, already uneven and fragile, will be slower than previously projected
World Bank halts all projects in Russia, Belarus
The institution has 11 ongoing projects in Belarus for a total cost of $1.2 billion.
Global growth could slow sharply due to Omicron: World Bank
Global growth to 'decelerate markedly' in 2022: World Bank
World Bank approves $195mln loan to improve electricity supply, distribution
EDEIP will support institutional reforms to improve governance and transparency: WB
South Asia's recovery continues as global demand rebounds: World Bank
World Bank projects the region to grow by 7.1 percent in 2021 and 2022.
World Bank acknowledges Pakistan's efforts to tackle climate change
World Bank acknowledges Pakistan's efforts to tackle climate change
New 5-year program for Pakistan to focus structural reforms, health, education: World Bank
During his visit, World Bank Vice President for South Asia met with Prime Minister Imran Khan.
WB official confident for Kamyab Pakistan project to prove exemplary
Imran Khan the government was trying to provide relief by reducing the burden on the people.
WB acknowledges Pakistan’s efforts for effective management of Covid-19 crisis
He said the Bank is fully committed to providing assistance to the developing countries
WB approves $100 mln to support increase literacy in Sindh
The amount has been approved for the SELECT project
World Bank approves $800 million to finance two projects
WB Board Approves New Financing Totaling $800 Million to Support Critical Power Sector Reforms
WB grants $442.4mn for uplift of social infrastructure in rural areas of Punjab
This project aims to provide equitable and sustainable access to clean drinking water.
Stronger private sector could help Pakistan realize its economic potential: IFC
Embarking on robust PPP agenda could strengthen private participation in country's development: IFC
WB assures support to Pakistan for achieving development objectives
Rural development vital to sustainable socioeconomic development: Omar
PM felicitates Sania Nistar, Ehsaas team over WB acknowledgment
Congratulations to Sania and the Ehsaas team for achieving this milestone: PM Imran
World Bank redeploys $153 million to support Pakistan's Covid vaccine drive
The project will strengthen the health system’s capacity to implement the vaccination campaign
Pakistan, WB sign financing agreement of $400 million for KPK
The program objectives will be achieved by introducing medium-term perspective to fiscal planning
WB's support critical for attaining fiscal consolidation: Tarin
Tarin reiterated the firm resolve of the government in achieving macro-economic stability
Tarin reiterates commitment to achieve macroeconomic stability
He said the World Bank had always been a source of support in pursuing reform agenda
Govt implementing reform agenda for socioeconomic development: Hammad
The finance minister lauded the World Bank’s IDA financing
WB to provide 1.3bn dollars to support Pakistan's social sector development
This financing will support the government's initiatives in social protection, climate change
World Bank approves $600 million loan for Pakistan
The finance will support Pakistan to expand Ehsaas program.
Pakistan improves position on WB Ease of Doing Business Index: report
Pakistan has improved its position by 28 points
WB provides $12 million grant for FATA's, displaced families
Operations Manager, World Bank Malinda Good, signed the agreement on behalf of the World Bank.
World Bank to invest $2bn in Pakistan: Dr Firdous
She said that 5G goals include girls education, growing health, green clean Pakistan
World Bank to fund Covid vaccine rollout in Lebanon
This is the first World Bank-financed operation to fund the procurement of Covid-19 vaccines.
Pakistan improves position on WB Ease of Doing Business Index
Pakistan has improved its position by 28 points
WB praises successful implementation, operation of T4HP
T4HP has been instrumental in meeting electricity needs of Pakistan.
Khusro witnesses worth $19.85 million Projects with World Bank
He thanked the World Bank Country Management for extending their continuous support
WB study recommends scale-up of solar, wind generation in Pakistan
Such an initiative would lead to immediate and long-term economic and environmental benefits
World Bank approves $304 million for Punjab
The amount is approved for Punjab Resource Improvement and Digital Effectiveness Program.
Pakistan, WB sign agreements for hydropower, renewable energy development projects
Pakistan, WB sign agreements for hydropower, renewable energy development projects
Asad reaffirms govt commitment to fast track WB funded projects
Asad Umar appreciated the support provided by the World Bank during the pandemic.
WB to provide $ 450 million for development of KP energy sector
Two hydel power projects in will be made in Swat.
World Bank appreciates Pakistan's strong response to COVID-19 pandemic
Dr Hafeez also appreciated the support provided by the World Bank during the pandemic
Finance Advisor requests technical assistance from World Bank on pension reforms
Finance Advisor requests technical assistance from World Bank on pension reforms
WB announces new Country Director for Pakistan
Benhassine’s appointment comes at a time when govt is confronting economic impacts of COVID-19
Pakistan signs agreements worth $1,500 million with WB, ADB, AIDB
The funds will be disbursed to Pakistan in the next few days.
Pandemic drives broadest economic collapse in 150 years: World Bank
Pandemic drives broadest economic collapse in 150 years: World Bank
Pakistan, World Bank to sign $188 mn disaster resilience, ecosystem restoration pact
Pakistan, World Bank to sign $188 million disaster resilience, ecosystem restoration pact.
Pakistan, World Bank to sign US$ 188 mln disaster resilience, ecosystem restoration pact
World Bank and Pakistan will join hands for disaster resilience and ecosystem restoration projects.
World Bank signs agreement to provide US$370 million to Pakistan
Total approved cost of the project is US$ 330.0 million including World Bank financing of US$ 200mn
Pakistan's cash programme, instrumental in mitigating COVID-19 impact: WB
No doubt this response is one of the best investments that a government could make in a crisis.
World Bank plans to approve $ 500 million for Pakistan
Loan is aimed to strengthen civil registration and vital statistics like health and education.
G20 likely to approve debt relief of $12 billion for Pakistan
Debt deferment will start from May 1, 2020 while Pakistan will start getting relief in 2021.
Pandemic a 'perfect storm' for South Asia, World Bank says
World Bank said Sunday that South Asia is on course for its worst economic performance in 40 years.
Pandemic a 'perfect storm' for South Asia, World Bank says
South Asia finds itself in a perfect storm of adverse effects: World Bank
Pak, WB sign $200 million project for COVID-19 response: Hammad Azhar
The minister said that this sum shall be utilized for emergency preparedness/response
World Bank, IMF urge debt relief for poorest countries
Most of the 76 countries receiving IDA support have gross national income per capita of below $1,175
World Bank commits $300 mn to support human capital, livelihoods in Punjab and Sindh
World Bank commits $300 mn to support human capital, livelihoods in Punjab and Sindh.
Pakistan signs five financing agreements worth $787 million with World Bank
EAD Secretary Noor Ahmed signed the loan agreements on behalf of the government of Pakistan.
Pakistan collects only half of taxes from its total capacity: World Bank notes
"Governments cannot function where businessmen do not pay taxes," the World Bank Group noted.
Industrialization is pivotal for changing country's economy: PM
The PM said that we cannot invite investment unless foreign investors have trust on governance
World Bank president calls on PM Imran
Matters pertaining to country’s economy and other issues came under discussion.
World Bank Group President David Malpass visits Tarbela Dam in Pakistan
Minister for Water Resources Faisal Vawda accompanied Mr Malpass during the visit.
Meetings with World Bank, IMF officials proved useful: Abdul Hafeez Shaikh
Hafeez Shaikh apprised IMF about the reforms made for the sustainability of the economy in Pakistan.
Rupee trades flat against dollar; stocks edge high 322 points
The WB still sees the rupee overvalued by the end of September by approximately 4.8%.
Pakistan will be among top places for investment before 2020's end: PM Imran Khan
Pakistan carried out six reforms in the last one year that helped improving its ranking to 108 rank.
Pakistan notches up 28 places in World Bank's Ease of Doing Business 2020 ranking
Last year, Pakistan was ranked 136th among the 190 nations surveyed.
World Bank predicts more inflation in Pakistan in FY20
"GDP growth decelerated to 3.3 percent in FY19 – 2.2 percentage points lower than FY18."
