Poverty estimates need govt surveys to resume
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
The poor spend around 50% of their total consumption on food items, the World Bank said in the report released on Tuesday
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 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.
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
Sitharaman is here to attend the annual spring meeting of the International Monetary Fund and the World Bank
Pakistan now gearing up to re-initiate talks with the IMF and World Bank through a economic team, aiming to restart the IMF programme.
Georgieva made these remarks during the Spring Meetings of IMF-World Bank (WB) in Washington DC with Sitharaman
Ukrainians claim first civilian casualties in Lviv; West's sanctions 'blitz' has failed, says Putin
Stocks were up in early trading, with the Dow Jones Industrial Average rising 0.22%, the S&P 500 climbing 0.25% and the Nasdaq Composite up 0.23%
President David Malpass said World Bank was responding to the added economic stresses from the war by proposing a new, 15-month crisis financing target of $170 bn
Sitharaman and CEA V Anantha Nageswaran are expected to represent the government at the World Bank-IMF Spring Meeting, which will take place in Washington DC from April 18 to April
IMF Managing Director Kristalina Georgieva said on Thursday that the Ukraine conflict will downgrade forecasts for 143 economies this year, which collectively make up 86% of the world's GDP
Rural decline steeper than in urban centres
During the official visit to the US, Sitharaman will take part in bilateral meetings with several countries, including Indonesia, South Korea, Sri Lanka and South Africa
CBDC differs from traditional central bank money in that it can be digitally created and recorded on centralised or decentralised ledgers
A key global issue, cryptocurrency regulations, will not feature in the agenda and are unlikely to be discussed on the sidelines as well, Business Standard has learnt
The island nation faces a highly uncertain economic outlook due to fiscal and external imbalances
The bank cited the additional burden on the budget put by the last-ditch energy subsidies by the outgoing Imran Khan government