Tag: World Bank
-
IMF approves $1.4bn emergency funding for Ukraine
The International Monetary Fund (IMF) has approved emergency funding of $ 1.4bn for Ukraine, as it fights a Russian invasion.
-
Pakistan, World Bank sign MoU to tackle climate change
The Ministry of Climate Change and the World Bank signed a memorandum of understanding (MoU) at a ceremony in Islamabad in the presence of PM Imran Khan on Tuesday
-
International donors to transfer $280m to WFP, UNICEF for Afghanistan aid
World Bank-administered fund will give $180m to the World Food Program for food aid and $100m to UNICEF for health services.
-
GDP: Foreign debt equals 74% of Pakistan’s Economy
The Ministry of Finance has released a report on domestic debt, according to which total foreign debt is equivalent to 74.9 percent of the country’s Gross Domestic Product (GDP). According to the reports, the Ministry of Finance has released the details of the total domestic debt. The ministry has stated that the volume of foreign…
-
World Bank to Stop Aid to Afghanistan
August 25, 2021: The World Bank has announced the closure of all aid to Afghanistan following Taliban control in the nation. According to reports, over two dozen World Bank development projects have been underway in Afghanistan. However, now with the Taliban in power, the situation in Afghanistan has become worrying, and as such, the situation…
-
26% Women Attached with Textile Business in Pakistan: World Bank
According to the World Bank, 26% women are attached with the textile business in Pakistan.
-
World Bank names former Senegal finance minister to head IFC
Washington, Feb 18 (AFP/APP):The World Bank on Thursday announced that it has selected former Senegal finance minister Makhtar Diop to lead the agency responsible for private sector finance at a critical time for the global recovery. He would be the first African to lead the International Finance Corporation (IFC), which leverages financing to support private…
-
Pakistan gets a major success in the Reko Diq case
ISLAMABAD: Pakistan gets a major victory in the Reko Diq case from the World Bank’s International Center for Settlement of Investment Disputes (ICSID). According to the details, on Pakistan’s appeal against the USD 6 billion fine, ICSID issued a permanent restraining order to Australian and Chilean companies to stop paying the fine. In July 2019,…
-
Persistent trade tensions: World Bank
World Bank Chief Economist warns about the risk of Poverty with the persisting Global Trade tensions
-
India drops to the Seventh largest economy of the World
India dragged down to the seventh place in the global GDP rankings as UK and France jumped ahead claiming the fifth and sixth spots, respectively. According to the data compiled by the World Bank, India was the fifth largest economy of the world back in 2017 while France stood at number seven. In 2017, the…