The World bank on Wednesday said that urgent action is needed to stabilize Afghanistan's economy as its per capita income has fallen by around one-third in the last months of 2021, wiping out the country's economic progress achieved since 2007. ...
China needs to improve its lending practices in the developing world, especially in terms of transparency in the loans it provides, according to the World Bank President. ...
Sri Lanka needs urgent policy measures to address its high levels of debt and debt service, reduce the fiscal deficit, and restore external stability, the World Bank said in its twice-a-year regional update. ...
Amid a political crisis in Afghanistan since the Taliban's takeover last August, the private sectors of the country have been hit hard as the businesses were halted, reported local media citing a survey conducted by the World Bank. ...
Citing the additional burden on the budget put by the last-ditch energy subsidies by the outgoing Imran Khan government, the World Bank on Wednesday reduced Pakistan's economic growth rate forecast for the current fiscal year by almost one per cent, ...
