New Delhi [India], April 17 (ANI): Union Finance Minister Nirmala Sitharaman will be travelling to the US on an official visit beginning April 18 to attend the Spring Meetings of the International Monetary Fund (IMF) and World Bank, the G20 Finance Ministers meeting and the Central Bank G
Colombo [Sri Lanka], April 17 (ANI): Amid the ongoing economic crisis and widespread protests against the government, a four-member Sri Lankan delegation led by the newly appointed Finance Minister Ali Sabry has left for Washington for initial discussions with the International Monetary Fund
Washington [US], April 14 (ANI): 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.
Colombo [Sri Lanka], April 14 (ANI): Amid the continued economic hardship in the country, Sri Lankan Health Ministry has said there is a shortage of some drugs and equipment in certain government hospitals.
Warsaw [Poland], April 14 (ANI): 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.
Colombo [Sri Lanka], April 14 (ANI): 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.
Kabul [Afghanistan], April 14 (ANI): 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.
Islamabad [Pakistan], April 14 (ANI): 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, r
Washington [US], April 11 (ANI/Sputnik): The World Bank expects the Ukrainian economy to shrink by 45.1 per cent this year as a result of the Russian military operation, while Russia will see its economy contract by 11.2 per cent in the same period.
Kabul [Afghanistan], April 9 (ANI): With one in three businesses temporarily ceasing operations since the Taliban takeover of Kabul in August 2021, Afghanistan's private sector has faced the brunt of the economic devastation that hit the country following the withdrawl of the NATO-led coalit
Washington [US], April 6 (ANI/Sputnik): The conflict in Ukraine threatens uneven recovery from the coronavirus pandemic among developing East Asian and Pacific countries, the World Bank said in a report on Tuesday.
Washington [US], March 31 (ANI): The World Bank has announced that they have put on hold four projects in Afghanistan worth USD 600 million following the Taliban's decision to ban girls from attending school above the sixth grade in the country.