Articles about World Bank

Amid a worsening economic crisis after the deadly floods, Pakistan's Finance Minister Miftah Ismail resigned on Sunday.

A team of the International Monetary Fund (IMF) will be visiting Sri Lanka this week to assess the island nation's total external and internal debt.

Molnupiravir, an antiviral medication, is projected to cost between Rs. 2,000 and Rs. 3,000 for a full treatment.

The Taliban has banned all foreign currency in Afghanistan and ordered its citizens to only use Afghan currency for trade.

United States President Joe Biden on Tuesday said he wants to stick to the August 31 deadline for pullout from Afghanistan.

India recorded a third of global excess infant deaths in 2020 due to COVID-induced economic slowdown, a World Bank study has found.

In its largest-ever crisis response, the World Bank deployed over $157 billion to fight the impact of the COVID-19 pandemic on health, economic and social fronts over the last 15 months.

Nobel laureate Joseph Stiglitz on Tuesday criticized the Indian administration over its poor handling of the COVID-19 crisis and its impact on the economy.

As the number of COVID-19 cases continues to explode around the world, drug companies from different companies are racing to get a safe preventive vaccine ready.

Serum Institute of India (SII) is set to source the COVID-19 vaccine developed by American biotech company Novavax.

The economic repercussions of coronavirus, which has already taken 423,844 lives globally, are mountainous. Thanks to lockdowns, enforced to break the transmission chain, even the richest countries are staring at oblivion.

India on Friday recorded around 3,800 new coronavirus infections, taking the total number of cases past 85,000. With this, India's tally has surpassed China's, which has reported around 84,000 cases thus far.

In the fight against coronavirus, the Indian government has got support from the World Bank. On Friday, the global bank announced a $1 billion social protection package for the programs of the government of India.

The spread of COVID-19, and the disruption ensuing from it, is likely to cause a sharp economic slump for India and neighboring countries, the World Bank said on Sunday.

The World Bank on Thursday approved a $1 billion emergency fund for India to deal with the coronavirus pandemic, which has killed over 70 in the country and infected 2,543.

Pakistan has got yet another extension from the global terror financing watchdog Financial Action Task Force (FATF).

The problem of internet shutdowns has grown worse over the years, affecting both businesses and households alike.

India moved up 14 ranks to take the 63rd spot on the World Bank's Ease of Doing Business ranking released today.

For the second time in a week, Union Finance Minister Nirmala Sitharaman spoke about a trade deal with the United States.

After speculations over its black-listing, Pakistan will now remain in the "grey list" of the global terror funding watchdog Financial Action Task Force (FATF), until a new deadline of February 2020.

Financial Action Task Force (FATF) will soon decide Pakistan's fate, and things aren't looking great for the country.

The country's "well-learned" union ministers may want you to believe that there is no economic slowdown whatsoever, but data points otherwise.

In a big setback for Pakistan, the Asia Pacific division of global terror watchdog Financial Action Task Force (FATF) has put the country on its blacklist over its failure to curb terror financing.

Recently, data compiled by the World Bank revealed that India slipped to the 7th spot in the global GDP rankings of 2018.

South Korea is looking at an economic crisis and they have narrowed down the problem to the one source: women.

After Indian cricket team thrashed Pakistan to register an important win in the ongoing World Cup tournament, social media was abuzz with reactions.

Chartered Accountancy (CA) is one of the most sought-after and toughest professional courses in India.

The UPSC Civil Services Examination (CSE) is one of the toughest competitive exams in the country. The three-stage CSE comprises Preliminary examination, Main examination, and Personality Test/Interview.

Pakistan Prime Minister Imran Khan's recent statement promising an end of support to terror groups does not reflect a change of policy and is motivated by the fear of getting blacklisted by the global terror-financing watchdog FATF, the country's former envoy to the US, Husain Haqqani, has said.

Cash-strapped Pakistan will receive over $2 billion loan from its "all-weather" ally China by Monday to provide a boost to its ailing economy, the former's Finance Ministry has announced.

Getting a PhD is a huge achievement and a memorable experience. However, for 56-year-old Mala Dutta, whose dream of receiving a PhD came true 34 years after college, it was even more memorable.

Pakistan has asked terror financing watchdog, FATF, to remove India as co-chair of its Asia-Pacific Joint Group, to ensure the review process is "fair and unbiased".

In the aftermath of the Pulwama terror attack, the Center has decided to block water supply to Pakistan from the rivers flowing from India.

US negotiators were in Beijing today for another round of talks on a trade deal with the clock ticking towards a March 1 deadline set by US President Donald Trump.

US President Donald Trump has nominated David Malpass, a vocal critic of the World Bank, to head the international financial institution, sparking concerns that he may seek to reduce the role of the global lender.

Prime Minister Narendra Modi today inaugurated the 9th edition of Vibrant Gujarat Summit in Gandhinagar.

Indra K. Nooyi, who led PepsiCo for 12 years before leaving the company in August last year, is being considered for the top post of World Bank, multiple reports claimed.

India's GDP is expected to grow at 7.3% in the fiscal year 2018-19, and 7.5% in the following two years, the World Bank has forecast, attributing it to an upswing in consumption and investment.

The World Bank today unveiled $200 billion in climate action investment for 2021-25; adding this amounts to a doubling of its current five-year funding.

The US is demanding transparency over China's debt on Pakistan, Under Secretary of Treasury for International Affairs David Malpass told lawmakers during a Congressional hearing, amid concerns that Islamabad is seeking a multibillion-dollar bailout package from IMF to pay back Chinese creditors.