World Bank approves $1bn for Dasu Hydropower Project

Initiative to help achieving green energy transition and lowering electricity tariffs

Farmer-friendly irrigation project goes down the drain

Did irrigation department officers not like power sharing with farmers?

PM, WB representative agree to carry forward reform agenda

The two sides agreed to work on a new robust and ambitious framework

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

How World Bank sees Pakistan's economy

Optimistic tale of economy takes turn as one delves into perspective of the World Bank

Ukraine got $1.34 bln under World Bank project

Ukraine got $1.34 bln under World Bank project

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

Sterling struggles to hold its ground

Sterling struggles to hold its ground

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

Small business owners feel credit crunch

Small business owners feel credit crunch

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 $610m Ukraine aid package

World Bank approves $610m Ukraine aid package

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

Finance Minister leaves for US to hold talks with IMF, WB

Finance Minister Ishaq Dar leaves for US.

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

World Bank cuts 2021 global forecast to 4.0pc

The near-term outlook remains highly uncertain: WB

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."