Pakistan has requested an additional 10 billion yuan (USD 1.4 billion) loan from China as the cash-strapped country has already used the existing 30 billion yuan (USD 4.3 billion) Chinese …
Descrease article font size Increase article font size The World Bank’s executive board on Thursday approved the creation of a financial intermediary fund (FIF) to support Ukraine, with contributions expected …
A construction site in the Fangshan district of Beijing in 2013. Tomohiro Ohsumi | Bloomberg | Getty Images China’s economic growth rate is expected to decline further in 2025 despite …
Nuclear plants are cheap to operate, last decades longer than other power sources, and generate unrivaled volumes of zero-carbon electricity rain or shine on relatively tiny slivers of land. Yet …
Global development institution International Finance Corporation (IFC), a member of the World Bank Group, has invested over Rs 650 crore in K Raheja Corp-backed Mindspace Business Parks REIT through an …
The recent Global Sovereign Debt Roundtable (GSDR) held in Washington DC addressed the pressing issue of mounting debt burdens faced by low- and middle-income countries (LMICs). Despite the progress in …
Washington: Strong economic activity in the United States and emerging markets is projected to help drive global growth by about 3% this year, the International Monetary Fund’s chief said Thursday, …
The World Bank warned on Tuesday that global growth in 2024 is set to slow for a third year in a row, prolonging poverty and debilitating debt levels in many …
World Bank President Ajay Banga on Tuesday batted for removing barriers to private sector investment, saying it is key to tackling challenges before the global economy as neither the governments …
Pakistan’s current economic model is not working, a top World Bank official has said, underlining that the cash-strapped nation must change policies that have plagued development and benefitted only a …