Africa hears pledges but little action at IMF-World Bank talks
Pummelled by debt, poverty and natural disasters, African nations heard many pledges of support but saw little action at the first IMF-World Bank talks to be held on their soil…
World Bank needs to revisit its policy and lending focus
In its recently released report ‘Pakistan development update October 2023: restoring fiscal sustainability’ the World Bank (WB), just like the International Monetary Fund (IMF) policy thinking, including as highlighted in…
Climate-hit island pushes to reshape World Bank, IMF
While conflict and inflation will dominate World Bank spring meetings next week, campaigners are pushing for a redesign of global financial architecture to help countries cope with climate change. Experts…
Incoming World Bank chief faces tests before he gets to climate
Ajay Banga, US President Joe Biden’s pick to run the World Bank, will face a tough slate of issues around the institution’s finances and capital structure from the get-go, thorny…
World Bank proposal would shift about $1bn from Afghan trust
The World Bank’s management has approved a plan to use some $1 billion in a frozen Afghanistan trust fund for education, agriculture, health and family programs, according to a bank…
IMF/World Bank reports
The International Monetary Fund’s report titled “Fiscal Monitor: a fair shot” appears to be, at best, coincidental and, at worst, a deliberate rejoinder to recent calls for a revisit to…
IMF, World Bank begin push to swap debt relief for green projects
The idea of forgiving debt held by poor countries in exchange for “green” investments gained ground this week during the spring meetings of the IMF and World Bank, with concrete…
Supply chains, inflation overshadow vaccine, debt woes at IMF-World Bank meetings
Supply chain woes and growing inflation concerns pushed aside a widening gap in COVID-19 vaccinations and mounting debt problems for developing countries as the top concerns for global policymakers at…
World Bank update
The Development Update of Pakistan has been released recently by the World Bank. The Bank has been the largest and trusted development partner of Pakistan. It has acted as the primary source…
IMF, World Bank prioritize vaccine access to end pandemic
After kicking their massive lending powers into overdrive to help the nations hardest hit by Covid-19 last year, the IMF and the World Bank are now focusing on getting vaccines…
