Few years on the Earth
Bangladesh, a nation deeply vulnerable to the impacts of climate change, is poised to embark on transformative development initiatives with the support of a USD 1.16 billion financing package from the World Bank. This significant investment aims to improve health and sanitation services while fostering greener, climate-resilient growth. As the country grapples with challenges like … Read more
Pakistan recently secured a $330 million loan from the Asian Development Bank (ADB) to fund the Integrated Social Protection Development Programme (ISPDP). However, this positive development comes against the backdrop of a significant financial setback as the World Bank canceled a $500–600 million loan. This mixed scenario underscores the challenges Pakistan faces in securing external … Read more
The World Bank’s recent decision to cancel a $500 million loan to Pakistan marks a significant financial and policy setback for the South Asian nation. The move reflects deeper issues in Pakistan’s energy sector, fiscal management, and economic governance, which have failed to meet key reform targets. As Pakistan faces mounting economic challenges, the absence … Read more
World Bank’s latest report unveils a grim reality for the world’s poorest countries, with debt levels reaching their highest point since 2006, pushing them further into financial distress and vulnerability. The World Bank recently released a report that casts a shadow over the global economic recovery from the Covid-19 pandemic. While many nations have resumed … Read more