World Bank
Pakistan to chair IMF, World Bank boards in 2027 for first time since 1953
Economic Affairs Minister Ahad Khan Cheema was named incoming chair at the 2026 annual meetings in Bangkok, as Pakistan continues to rely on IMF loan programmes worth $8.4 billion.
BUSINESS
World Bank Group mobilises $36 billion in private capital for India in four years
Guarantees and financing reforms helped attract investors, expand MSME credit access and support green business investments under India's development partnership.
5 Mins Read
WORLD
Bolivia Senate approves $1.9 billion IMF loan amid economic strain
The 36-month IMF programme aims to address foreign currency shortages and fiscal pressures while unlocking more than $5 billion in additional financing.
2 Mins Read
-
WORLD
India finance minister, World Bank chief discuss strengthening of partnership
India Finance Minister Nirmala Sitharaman met World Bank President Ajay Banga on the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting at Asheville in the US.
4 Mins Read
-
BUSINESS
Why are interest rates rising worldwide? Here’s what’s driving the surge
In the US, 10-year interest rates sit around 4.7%, surging nearly half a per cent just this year, while the benchmark 30-year bond is near a two-decade high.
8 Mins Read
-
WORLD
Why do poor countries repay the World Bank before anyone else?
Low-income countries are characterised by very limited, or even non-existent, access to international capital markets in currencies such as the dollar, the euro, the pound sterling, or the yen – these markets allow states to borrow from international investors.
11 Mins Read
-
BUSINESS
World Bank upgrades Sri Lanka to upper-middle-income economy after 2022 crisis
The World Bank has four country income classifications: high, upper middle, lower middle, and low. The milestone serves as a symbolic marker of the nation's economic rebound following its recent financial crisis.
3 Mins Read
-
WORLD
Abdul Ahad Momand, first Afghan in space, dies at 67 in Germany
In 1988, Momand, then a 29-year-old air force pilot, was selected to join a Soviet space program designed to send representatives from aligned nations into orbit.
4 Mins Read
-
BUSINESS
World Bank approves $1.5 bn loan to support India's reforms, job creation
The funding will back key reform initiatives and employment generation efforts aimed at strengthening India's economic growth and labour market.
4 Mins Read