Page 11 - World Bank

34% of Pakistan's population living on just $3.2 a day income: World Bank

The World Bank has said that 34 per cent of Pakistan's population was living on just $3.2 or Pak Rs 588 a day income, Express Tribune reported.

Sitharaman meets CFLI vice chair, discusses vision of developing GIFT City

Sitharaman met Mary Schapiro, vice chairman of the Climate Finance Leadership Initiative (CFLI) on Tuesday (local time) and spoke about her vision of developing GIFT City.

Strong US-India relationship to strengthen global order: FM Sitharaman

Observing that the recent Indo Pacific Economic Framework (IPEF) is a fantastic thought which has come from the US, she said India is looking at it and will take a considered view

India headed for robust economic growth, says FM Sitharaman in US

Sitharaman is here to attend the annual spring meeting of the International Monetary Fund and the World Bank

Pakistan to resume negotiations with International Monetary Fund

Pakistan now gearing up to re-initiate talks with the IMF and World Bank through a economic team, aiming to restart the IMF programme.

IMF chief hails India's help to Sri Lanka in dealing with economic crises

Georgieva made these remarks during the Spring Meetings of IMF-World Bank (WB) in Washington DC with Sitharaman

Ukraine fallout: World Bank sharply trims global growth forecast

Ukrainians claim first civilian casualties in Lviv; West's sanctions 'blitz' has failed, says Putin

Wall Street up, US Treasury surges as investors eye earnings, global growth

Stocks were up in early trading, with the Dow Jones Industrial Average rising 0.22%, the S&P 500 climbing 0.25% and the Nasdaq Composite up 0.23%

World Bank seeks to create a $170-bn emergency fund to help poorest nations

President David Malpass said World Bank was responding to the added economic stresses from the war by proposing a new, 15-month crisis financing target of $170 bn

FM Sitharaman, CEA Nageswaran to attend World Bank-IMF Spring Meeting

Sitharaman and CEA V Anantha Nageswaran are expected to represent the government at the World Bank-IMF Spring Meeting, which will take place in Washington DC from April 18 to April

One-fifth of humanity could face poverty, hunger from Ukraine war: UN chief

IMF Managing Director Kristalina Georgieva said on Thursday that the Ukraine conflict will downgrade forecasts for 143 economies this year, which collectively make up 86% of the world's GDP

Extreme poverty in India fell sharply in 2011-19: World Bank paper

Rural decline steeper than in urban centres

FM Nirmala Sitharaman leaves for US to attend World Bank, IMF meetings

During the official visit to the US, Sitharaman will take part in bilateral meetings with several countries, including Indonesia, South Korea, Sri Lanka and South Africa

CBDC likely to pose risks for financial stability, says World Bank

CBDC differs from traditional central bank money in that it can be digitally created and recorded on centralised or decentralised ledgers

Russia-Ukraine war, Covid-19 surge in China on IMF-World Bank agenda

A key global issue, cryptocurrency regulations, will not feature in the agenda and are unlikely to be discussed on the sidelines as well, Business Standard has learnt

Sri Lanka's economic outlook uncertain, needs urgent measures: World Bank

The island nation faces a highly uncertain economic outlook due to fiscal and external imbalances

World Bank lowers Pakistan's economic growth forecast to 4.3%

The bank cited the additional burden on the budget put by the last-ditch energy subsidies by the outgoing Imran Khan government

India growth forecast cut to 8% for FY23, says World Bank

Sluggish recovery in consumption demand, uncertainties of Ukrainian war cited

Govt in discussion with World Bank on framework for coal mine closure

Coal Additional Secretary M Nagaraju said the government is committed to ensuring that mines are properly and scientifically closed for the benefit of the society

Ukraine war will slow down post-Covid recovery in South Asia: World Bank

The World Bank said that the Indian economy will grow at 8%, which is slightly less than 2021