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. ...
Union Finance Minister Nirmala Sitharaman on Wednesday said India's strategic economic reforms have been welcomed by the Biden administration and leaders from the corporate sector in the US. ...
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 ...
The International Monetary Fund (IMF) and the World Bank should take additional steps to help address debt vulnerabilities, US Treasury Secretary Janet Yellen said on Thursday. ...
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. ...
