Tue, 21-Oct-2025

World Bank downgrades 2022 global growth forecast to 4.1%

China must participate 'fully' in debt relief for poor nations: World Bank

WASHINGTON: The global economy is on track to grow by downwardly revised 4.1 per cent this year amid new waves of the pandemic, rising inflation and continued supply chain bottlenecks, the World Bank Group said in its latest Global Economic Prospects released on Tuesday. The global outlook is “clouded by various downside risks,” including renewed … Read more

WB and IMF call for suspension of debt payments

WB and IMF

World Bank and International Monetary Fund (IMF) (WB and IMF) have urged its bilateral creditors to suspend debt payments from International Development Association countries to help them combat the COVID-19 pandemic. Pakistan being part of IDA countries, will also get a marginal benefit if the creditor countries agree to the joint proposal of IMF and … Read more