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All eyes on Spring Meetings this week as climate crisis intensifies

UN Climate Chief Simon Stiell emphasised last week that the World Bank’s Spring Meetings, from April 17-19, will be crucial in addressing significant gaps in climate finance

MDBs are the primary channels for climate finance to developing countries (AFP)
Updated on Apr 15, 2024 06:12 AM IST
ByJayashree Nandi, New Delhi

Over 1 crore new people at risk of poverty in Pakistan, says World Bank

The World Bank’s biannual Pakistan Development Outlook report indicated that the country is set to miss almost all major macroeconomic targets.

The World Bank has painted a grim economic picture of Pakistan in its biannual report, cautioning that over 10 million more people are at risk of descending into poverty in the cash-strapped country.(AFP)
Published on Apr 03, 2024 04:55 PM IST
PTI |

World Bank projects Indian economy to grow at 7.5% in 2024

According to the report, South Asia is expected to remain the fastest-growing region in the world for the next two years.

Overall, growth in South Asia is expected to be strong at 6.0 per cent in 2024, driven mainly by robust growth in India.(AFP)
Published on Apr 03, 2024 08:25 AM IST
PTI |

Pakistan's economic growth could be below 3% for next 2 years, World Bank says

Pakistan's economy is set to grow 1.8% in the current fiscal year ending June 30 and will expand to 2.3% in the following year and 2.7% in 2026.

In a Pakistan development update issued the same day, the World Bank said “policy constraints to sustainable economic growth remain unaddressed.”
Updated on Apr 03, 2024 12:04 AM IST
Bloomberg |

Ukraine gets $1.5 billion funding tranche under World Bank programme

Ukraine is reliant on financial aid from its Western partners but foreign financing dwindled in the first two months of this year

Ukraine's President Volodymyr Zelensky(AFP)
Published on Mar 30, 2024 01:54 PM IST
Reuters |
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