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

The World Bank approves loan worth $500mn for Pakistan against Coronavirus battle

The World Bank

As Pakistan continues to suffer through many challenges due to Coronavirus outbreak, The World Bank has approved a $500mn loan programme for Pakistan. The World Bank aims to provide best quality education and healthcare to children in Pakistan as well as to provide better opportunities for women. The Securing Human Investments to Foster Transformation (SHIFT) … Read more