The commodity prices in the international markets will decrease by 5 percent in 2025 and 2 percent in 2026, following a 3 percent decline this year, reaching their lowest levels since 2020, the World Bank Group said in its October edition of Commodity Market Outlook.
In a fatal accident on Saturday, five people were killed and 15 others injured after a passenger coach plunged into ditch in Thull area of Jacobabad, reported ARY News.
At the 2024 World Bank-IMF Annual Meetings, the OPEC Fund for International Development announced nearly half a billion dollars in financing commitments to partner countries, aligning with global development goals in energy, climate resilience, and socio-economic advancement.
"FM @nsitharaman especially focused on enhanced support from international financial institutions, especially through increased lending capacity of Multilateral Development Banks (MDBs) as vital to achieving Sustainable Development Goals." the ministry said in the post.
Karnataka Chief Minister Siddaramaiah on Saturday announced compensations of Rs 1.2 Lakhs and promised a new house to the victims of completely collapsed housed due to rain.
Reserve Bank of India (RBI) Governor Shaktikanta Das highlighted the need for reforms in the international financial system to address challenges faced by emerging economies and to adapt to the evolving global economic landscape.
Union Finance Minister Nirmala Sitharaman called for more affordable and cheaper lending from World Bank during her the annual meeting of the organization.
Sitharaman urged the World Bank to promote a two-way exchange of innovations, drawing from the transformative experiences of the Global South in areas like digital inclusion and sustainable energy.
Union Finance Minister Nirmala Sitharaman has stressed that job creation is the most critical issue worldwide, particularly given the persistent economic challenges and rapid technological advancements that are reshaping the labor market.
The signing took place on the sidelines of the annual meetings of the World Bank Group (WBG) and the IMF in Washington DC where the UAE is participating until October 26.
Ministry of Finance posted on X, "Union Minister for Finance and Corporate Affairs @nsitharaman interacted with the members and family of Bank-Fund Staff India club working in @WorldBank and @IMFNews in Washington DC, today."
Ministry of finance posted on X, "Union Minister for Finance and Corporate Affairs @nsitharaman participated in the Global Sovereign Debt Roundtable #GSDR on the sidelines of the World Bank and IMF #AnnualMeetings2024, in Washington DC, today. In her intervention, FM @nsitharaman congratu