Washington [US], October 15 (ANI/Sputnik): 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
Washington [US], October 14 (ANI/Sputnik): 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.
Washington [US], October 14 (ANI/Xinhua): World Bank Group President David Malpass said on Wednesday that the COVID-19 pandemic is pushing up poverty and debt levels in low-income countries, highlighting a "tragic reversal" in development.
Islamabad [Pakistan], October 12 (ANI): 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.
Washington, DC [US], October 12 (ANI/Sputnik): 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.
Kabul [Afghanistan], October 11 (ANI): Hundreds of doctors including females from Samangan and Nuristan provinces gathered at the gate of the United Nations Assistance Mission in Afghanistan (UNAMA) in Kabul and asked the World Bank to pay their pending salaries for the past 14 months.
Washington [US], October 9 (ANI): 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.
Washington [US], October 7 (ANI): The International Monetary Fund (IMF) Executive Board and the organisation's Managing Director Kristalina Georgieva on Wednesday (local time) discussed China-related data-rigging scandal during Georgieva's tenure at the World Bank, IMF spokesperson Gerry Ric
Islamabad [Pakistan], October 4 (ANI): Pakistan and International Monetary Fund (IMF) are set to resume talks next week on the revival of the USD 6 billion derailed programme. Both sides would try to find the middle ground on the debatable issue of an increase in electricity prices.
Beijing [China] October 3 (ANI): Different countries owe at least USD 385 billion amount of debt to China which has slipped through scrutiny of international lenders such as the World Bank and the International Monetary Fund (IMF).
Kabul [Afghanistan], September 29 (ANI): Many women Afghan teachers and health workers on Tuesday called on the US and other organisations to unfreeze billions of dollars and give them back to the Islamic Emirate of Afghanistan.
Washington DC [US], September 21 (ANI): An independent scrutiny by leading US law firm WilmerHale shows China's massive data manipulation to hide slippage in the World Bank Group's Ease of Doing Business (EODB) rankings.