Sunday, April 14, 2024

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Pakistan’s economic development model has failed, it benefits only the elites: World Bank Country Director for Pakistan

World Bank Country Director for Pakistan, Najy Benhassine said that Pakistan's economic development is limited to the elite which resulted in the country lagging behind

Pakistan’s economic model has failed completely: The World Bank says as it asks the government to tax agriculture and real estate

Highlighting that Pakistan’s economic model has failed completely, World Bank asked Pakistan to tax agriculture and real estate.

“Five decade journey in six years”: World Bank lauds India’s Digital Payment Infrastructure

The GPFI document, prepared in anticipation of the G20 Summit hosted by India, noted the significant steps taken by the Narendra Modi-led government and the pivotal role of government policies and regulations in shaping the DPI landscape.

World Bank gives nod to $1.5 Billion financing for India’s low-carbon transition

India will scale up and accelerate the pace with which it is increasing its share of renewable energy. Further, it will help boost the development of green hydrogen within the country.

India issues notice to Pakistan for modification of Indus Water Treaty, asks to come for negotiations within 90 days

India has always been a responsible partner in implementing the IWT. Pakistan's actions, however, have encroached on the provisions of IWT and their implementation and forced India to issue an appropriate notice for modification of IWT, sources said.

World Bank raises India’s GDP growth prediction for 2022-23 to 6.9%, up from 6.5% predicted earlier

The World Bank has raised India's GDP growth prediction due to the country's strong economic performance.

In dire need of wheat, Egypt seeks $500 million from World Bank for its food program, to buy 5 lakh tonnes from India

Egypt, the largest importer of Wheat globally, imports over 62% of its total annual wheat needs.

Indian economy projected to grow faster than other major emerging economies, thanks to Modi government’s PLI scheme, says World Bank report

While World bank retained India's growth rate estimate at 8.3% f02 2021, it has forecasted that economy will grow by 8.7% in 2022

World Bank discontinues ‘Doing Business’ Report after investigation reveals connivance of top executives in boosting China’s rankings

International Monetary Fund Managing Director Kristalina Georgieva and her advisor reportedly pressurised the bank to make changes to China’s data, in a bid to lift its rankings in Doing Business Report

World Bank suspends aid to Afghanistan due to Taliban takeover, over two dozen development projects likely to be halted

World Bank stopped aid to Afghanistan as Taliban took over the country. IMF and US had earlier announced seizing reserves and financial support.

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