The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. Read More
Pakistan is in the throes of a deep economic crisis with the country requiring gross external financing of USD 51.6 billion within a two-year period (2021-2023) in order to fulfill its needs. ...
An estimated 100 million people experienced extreme poverty this year largely in the so-called middle-income countries (MICs) as a result of the economic crisis brought about by the measures implemented to address the novel coronavirus pandemic, the ...
Pakistan is among the top 10 countries that possess the largest external debt stocks and became eligible for the Debt Service Suspension Initiative (DSSI) in the aftermath of the COVID-19 pandemic, said World Bank report. ...
Gross Domestic Product (GDP) in many emerging economies will return to pre-pandemic levels next year, while per capita income level in will take longer to recover, World Bank President David R. Malpass said on Monday. ...
The International Monetary Fund (IMF) will request additional details of the ongoing probe into the activities of the organization's Managing Director Kristalina Georgieva when she was the World Bank's CEO. ...