Economy
World / Countries / MNCs
Washington: US President Joe Biden has nominated former India-origin MasterCard CEO Ajay Banga to be the President of World Bank. more
World Bank chief Malpass announces early departure

New York: The World Bank is poised to get a new president in 2023, as David Malpass announced his departure on Wednesday.

Pakistan needs to take internal steps for economic recovery: Martin Raiser

Islamabad: Pakistan will have to take internal measures along with help from the international community by implementing economic reforms to recover from the cataclysmic floods, World Ban ...

Sudan: World Bank provides $100 million in emergency support

New York: The UN World Food Programme (WFP) in Sudan has received a $100 million contribution from the World Bank to assist with critical emergency cash and food sustenance in Sudan.

World Bank downgrades 2022 global growth forecast

Washington/UNI/Xinhua: The global economy is on track to grow by 2.9 percent in 2022, down 1.2 percentage points from the January projection, the World Bank Group said in its latest Globa ...

COVID-19 variants, rising debt, threaten global economic growth: World Bank

New York: Global growth will slow down over the next two years in the face of “fresh threats” from COVID-19 variants and rising inflation, debt and income inequality, the Worl ...

World Bank assures Afghanistan of continued assistance

The World Bank has assured the Afghan government of its continued assistance within the framework of the commitments made ar last year’s Geneva conference. The assurance came after ...

World Bank expects global economy to expand by 4% in 2021

New York: The World Bank Group on Tuesday issued a guarded growth forecast for the global economy this year, saying that a four per cent overall expansion was likely, although the recover ...

Pakistan's economy likely to perform worse than previous estimates: World Bank

Islamabad: Pakistan’s economy would actually perform even worse than what previous estimates had warned about, the World Bank, citing the Covid-19 fallout, forecast on Monday.

Pakistan's economy may fall into recession due to COVID-19 break - World Bank

Islamabad/Xinhua: Pakistan may fall into an economic recession owing to the outbreak of COVID-19 in the country, a World Bank report said on Sunday.