Page 21 - World Bank
Food, fuel price shocks from Ukraine war to last at least 3 yrs: World Bank
Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until at least the end of 2024 and raise the risk of of stagflation, the World Bank said
 "Food, fuel price shocks from Ukraine war to last at least 3 yrs: World Bank")
More Sri Lankans to slip into poverty this year, warns World Bank
Sri Lanka is currently in the throes of an unprecedented economic turmoil since its independence from Britain in 1948
 "More Sri Lankans to slip into poverty this year, warns World Bank")
Sri Lanka PM says he is in good health, rejects 'false propaganda'
'The propaganda that the Prime Minister is being treated in a private hospital for an illness is completely false,' the Prime Minister's Media Division (PMMD) said
 "Sri Lanka PM says he is in good health, rejects 'false propaganda'")
FM Sitharaman asks IMF, World Bank to give Sri Lanka low-income tag
This comes as India's southern neighbour deals with its worst-ever economic crisis.
 "FM Sitharaman asks IMF, World Bank to give Sri Lanka low-income tag")
China must be treated as equal Sri Lanka creditor: India to IMF, World Bank
"All creditors must be treated equally and with transparency," Sitharaman said in an interview in Washington Friday. "I've emphasized that point in general and in the context of Sri Lanka."
 "China must be treated as equal Sri Lanka creditor: India to IMF, World Bank")
Sri Lanka says India, World Bank consider $2 billion bridge finance
The country of 22 million people is struggling to pay for imports after a sharp drop in foreign exchange reserves which has led to a currency devaluation and soaring inflation
 "Sri Lanka says India, World Bank consider $2 billion bridge finance")
India, World Bank considering $2-billion bridge finance: Sri Lanka
India has extended the duration of the $400-million currency swap facility which had been concluded with the island nation in January.
 "India, World Bank considering $2-billion bridge finance: Sri Lanka")
Russia-Ukraine crisis: Zelensky lists '5 steps' during World Bank session
The Ukrainian President said the first step was immediate support for Ukraine, "so that the Russian leadership knows that the war will not allow them to realise any of their aggressive goals
 "Russia-Ukraine crisis: Zelensky lists '5 steps' during World Bank session")
World Bank welcomes India's move of selling oil from its stockpiles
World Bank President David Malpass has welcomed India's move to begin selling oil from its stockpiles
 "World Bank welcomes India's move of selling oil from its stockpiles")
Urbanisation and development
The relation between economic growth rate and the degree of urbanisation is mutually reinforcing, as higher economic growth results in high incomes that influence the rate of urbanisation
Speculation without data
Poverty estimates need govt surveys to resume
 "Speculation without data")
International Monetary Fund, World Bank chiefs raise global debt alarm
World Bank President Malpass called for a new process for restructuring debt burdens for developing nations amid concerns about a lack of transparency over how much they owe to China
 "International Monetary Fund, World Bank chiefs raise global debt alarm")
34% of Pakistan's population lives on income of Rs 588 a day: World Bank
The poor spend around 50% of their total consumption on food items, the World Bank said in the report released on Tuesday
 "34% of Pakistan's population lives on income of Rs 588 a day: World Bank")
34% of Pakistan's population living on just $3.2 a day income: World Bank
The World Bank has said that 34 per cent of Pakistan's population was living on just $3.2 or Pak Rs 588 a day income, Express Tribune reported.
Sitharaman meets CFLI vice chair, discusses vision of developing GIFT City
Sitharaman met Mary Schapiro, vice chairman of the Climate Finance Leadership Initiative (CFLI) on Tuesday (local time) and spoke about her vision of developing GIFT City.
 "Sitharaman meets CFLI vice chair, discusses vision of developing GIFT City")
Strong US-India relationship to strengthen global order: FM Sitharaman
Observing that the recent Indo Pacific Economic Framework (IPEF) is a fantastic thought which has come from the US, she said India is looking at it and will take a considered view
 "Strong US-India relationship to strengthen global order: FM Sitharaman")
India headed for robust economic growth, says FM Sitharaman in US
Sitharaman is here to attend the annual spring meeting of the International Monetary Fund and the World Bank
 "India headed for robust economic growth, says FM Sitharaman in US")
Pakistan to resume negotiations with International Monetary Fund
Pakistan now gearing up to re-initiate talks with the IMF and World Bank through a economic team, aiming to restart the IMF programme.
 "Pakistan to resume negotiations with International Monetary Fund")
IMF chief hails India's help to Sri Lanka in dealing with economic crises
Georgieva made these remarks during the Spring Meetings of IMF-World Bank (WB) in Washington DC with Sitharaman
 "IMF chief hails India's help to Sri Lanka in dealing with economic crises")
Ukraine fallout: World Bank sharply trims global growth forecast
Ukrainians claim first civilian casualties in Lviv; West's sanctions 'blitz' has failed, says Putin
 "Ukraine fallout: World Bank sharply trims global growth forecast")
