David Malpass’ departure comes at a time when many countries around the world are facing severe financial problems…reports ARUL LOUIS David Malpass has announced that he is quitting as the president of
Belhaj said that the COP28 will provide a new impetus for the global system to implement commitments to mitigate climate change issues….reports Asian Lite News Ferid Belhaj, World Bank Vice President for
According to the World Food Programme (WFP), the number of people experiencing food insecurity is projected to increase to 8.5 million between September and December….reports Asian Lite News A new report from
The downgrade reflected “synchronous policy tightening aimed at containing very high inflation”, as well as deteriorating financial conditions, declining confidence and energy supply disruptions…reports Asian Lite News Global economic growth is projected
The Finance Minister will be in the western country between October 11 and 16…reports Asian Lite News Finance Minister Nirmala Sitharaman will be visiting the US on an official visit beginning October
It is pertinent to mention that 2022 will be the first year China’s growth will fall below that of the region since 1990…reports Asian Lite News The World Bank on Tuesday slashed
The global economic slowdown is beginning to dampen demand for the region’s exports of commodities and manufactured goods, the report noted…reports Asian Lite News The World Bank has downgraded growth for developing
The Minister said that short-term financial assistance from the World Bank would be appreciated until sustainable solutions are found….reports Asian Lite News The World Bank will disburse nearly $700 million to Sri
It will include efforts to encourage food and fertiliser production, enhance food systems, facilitate greater trade, and support vulnerable households and producers….reports Asian Lite News The World Bank has announced actions it
Sri Lanka also needs to find feasible options to restore debt sustainability. The financial sector needs to be carefully monitored amid high exposure to the public sector and the impact of the