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All Stories: World Bank

Ishaq Dar holds virtual meeting with WB South Asia vice president

ISLAMABAD: Finance Minister Senator Ishaq Dar on Friday held a virtual meeting with Martin Raiser, South Asia Vice President of the World Bank. The meeting...

Ishaq Dar attends IMF, World Bank’s Spring meetings

ISLAMABAD: Finance Minister Senator Ishaq Dar attended IMF/World Bank Spring meetings through Zoom with high level IMF team headed by Jihad Azour Director Middle...

World Bank cuts Pakistan’s GDP forecast on rising rates, limited fiscal space

The World Bank sharply lowered Pakistan's current-year growth forecast, saying the country's economic growth prospects have weakened due to tighter financial conditions and limited...

Joe Biden nominates former Mastercard CEO Ajay Banga to head WB

WASHINGTON: US President Joe Biden nominated former Mastercard Inc (MA.N) CEO Ajay Banga to lead the World Bank, betting the India-born executive's ties to the...

WB says Pakistan’s economy needs reforms

ISLAMABAD: The World Bank (WB) has said Pakistan’s economy can grow sustainably only if the country adopts productivity-enhancing reforms. The WB in its report issued...

Ishaq Dar commends World Bank’s support in flood rehabilitation

ISLAMABAD: Finance Minister Ishaq Dar on Tuesday commended the support of World Bank in flood recovery, and rehabilitation efforts and assured full support to...

Rice production falls by 6 million tons amid disastrous floods: World Bank

ISLAMABAD: The world bank reports stated that rice production in Pakistan fell by 6 million tons amid disastrous floods, ARY News reported. According to the...

World Bank rejects reports of delay in loans’ approval

ISLAMABAD: World Bank Country Director for Pakistan Najy Benhassine on Thursday rejected reports of delay in the loan approval for the country, ARY News...

World Bank cuts Pakistan’s GDP growth forecast to 2pc

The World Bank has slashed Pakistan's GDP growth projection from four 4 per cent to 2 per cent for the fiscal year 2022-23 due...

World Bank, IDB pledge $6.2bn for Pakistan’s flood victims

GENEVA: The Islamic Development Bank (IDB) and the World Bank has announced pledges of a total $6.2 billion to help build back a climate-resilient...

World Bank approves $1.69bn in flood relief to Pakistan

The World Bank’s Board of Executive Directors on Tuesday approved $1.692 billion in financing for five projects to support people living in flood-affected areas...

World Bank slashes China growth forecasts

The World Bank on Tuesday slashed its China growth forecast for the year as the pandemic and weaknesses in the property sector hit the...

World Bank chief says poorest countries owe $62 bln on bilateral debt

WASHINGTON: The world's poorest countries now owe $62 billion in annual debt service to official bilateral creditors, an increase of 35% over the past...

World Bank to provide support worth $1.3b to flood-hit farmers

ISLAMABAD: The World Bank (WB) will provide financial support of $1.3 billion for emergency, agriculture, and housing relief to the farmers in flood-affected areas...

World Bank to provide $500m to Pakistan for flood-relief

The World Bank on Wednesday issued a circular announcing the provision of Pakistan with a $500 million fund to carry out relief and rehabilitation...

IMF lauds Pakistan’s policies, assures continued support

ISLAMABAD: The International Monetary Fund (IMF) has lauded policies taken by Pakistan and assured its continued support to the country, ARY News reported on...

World Bank to provide $2bn for Pakistan flood relief

ISLAMABAD: World Bank Saturday announced the allocation of $2 billion in funds from existing projects for emergency operations in flood-affected areas to support Pakistan....

Floods to drag up to 9 million Pakistanis into poverty: World Bank

Between six and nine million Pakistanis are set to be dragged into poverty as a result of cataclysmic monsoon flooding linked to climate change,...

World Bank cuts Pakistan’s GDP growth forecast to 2pc in FY-23

The World Bank on Thursday projected a growth rate of 2 per cent for the Pakistani economy for the fiscal year 2022-23, a drop...

World Bank ‘envisaging’ $2bn financing for Pakistan flood victims

ISLAMABAD: The World Bank said on Saturday it is “envisaging” financing of $2 billion for Pakistan to rehabilitate and restore people’s lives following devastating...
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