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Overall scenario in Pakistan shows a very grim and weak picture of its economy and the growth forecasts for at least 3 years or more

Over 10 million Pakistanis, 1 million Bangladeshis may slip below poverty line: World Bank

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WB report warns of persistent rise in inflation and cost-of-living crisis The World Bank has cautioned that over 10 million Pakistanis may fall below the...
India's statistics ministry pegged the current year's growth rate at 7.6%, 30 basis points higher than its first advance estimate of 7.3%

World Bank rises India FY25 growth projection to 6.6%; pegs FY24 GDP at 7.5%

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Growth in South Asia is projected at 6.0–6.1% in 2024–25 largely due to robust economic activity in India, says World Bank The World Bank on...
Declining inflation, strong labour markets in high-income source countries are main factor behind rising remittances to India

India tops global remittances list for 2023 with $125 bn inflow: World Bank

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India's inward remittances now account for 3.4% of the country’s gross domestic product The inward remittances to India in 2023 increased by 12.3 percent to...
Pakistan's human development outcomes lag well behind the rest of South Asia and are roughly equivalent to those in many Sub-Saharan African countries

Pakistan’s economy on edge of precipice, warns World Bank

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World Bank urges consensus on reforms to revive Pakistan’s ailing economy Pakistan is in its tipping point crisis where it should decide to remain a...
Ajay Banga, Jaishankar discussed India’s endeavors to strengthen regional connectivity, promote regional prosperity & propel larger development

World Bank President Ajay Banga meets Dr. S Jaishankar, Nirmala Sitharaman

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World Bank chief Ajay Banga met External Affairs Minister Dr. S. Jaishankar and Finance Minister Nirmala Sitharaman World Bank President Ajay Banga met Foreign Minister...
Ajay Banga is on his first visit to India after taking over the charge of the global lender

India has come out strong from challenges posed by Covid, needs to maintain momentum:...

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World Bank chief lauds India; says it emerged relatively stronger from Covid pandemic India has come out strong from the challenges posed by the Covid...
The additional financing will expand and deepen the state's resilience to mitigate impacts of coastal erosion by building a shoreline management plan

Resilient Kerala Program: World Bank approves $150 million loan

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Resilient Kerala Program: World Bank accepts additional financing to build climate resilience in Kerala Board of Directors of the World Bank has approved a $150...
Ajay Banga will be a transformative leader, bringing expertise, experience, and innovation to the position of World Bank President: Joe Biden

Indian-origin Ajay Banga becomes 14th President of World Bank

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FM Sitharaman congratulates Ajay Banga on becoming World Bank president On Wednesday, an Indian-origin American, Ajay Banga, was selected as the President of the World...
High borrowing costs and slower income growth are expected to dampen consumption and lower growth according to the report

World Bank cuts India’s growth forecast to 6.3%; ADB projects 6.4% for FY24

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World Bank, ADB reports on India's growth The World Bank and the Asian Development Bank (ADB) on Tuesday projected moderation in Indian economic growth between...
Emerging and developing countries are facing a multi-year period of slow growth driven by heavy debt burdens and weak investment

Global economy staring at two recessions in same decade, first time in 80 years:...

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For the first time in 80 years, global recessions have occurred within the same decade According to the World Bank’s latest Global Economic Prospects report,...
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