Tue, 21-Oct-2025

World Bank chief says Afghanistan aid resumption unlikely

WASHINGTON: World Bank President David Malpass indicated Monday that the institution is unlikely to resume direct aid to Afghanistan, after suspending financing at the end of August when the Taliban seized power. “I would not envision us operating inside given the full breakdown” of the economy, he said in a conversation at the Center for … Read more

Poor countries need ‘comprehensive’ debt relief: World Bank chief

Poor countries need 'comprehensive' debt relief: World Bank chief

Washington: Debt loads in low-income countries surged 12 per cent to a record $860 billion in 2020 amid the pandemic, prompting World Bank President David Malpass to call Monday for a “comprehensive plan” to deal with the issue. “Sustainable debt levels are vital for economic recovery and poverty reduction,” he said. Efforts to combat Covid-19 … Read more