To develop the country’s social sector, Pakistan has signed three agreements with the World Bank. The agreements, worth $350 million in total, were signed by the...

Due to the widespread corruption in the government departments, as revealed to the public off and on via the media, the average Pakistani feels that paying tax is just...

The Higher Education Commission (HEC) of Pakistan has turned to the World Bank for funds and the latter has agreed to give a $100 million loan to the HEC in the near...

The money would be used by the Bangsamoro Development Agency (BDA) for rehabilitation of projects destroyed by renewed armed conflict in this province and other areas....

The truth is not a shortsightedness like that. Hungary’s Finance Minister János Veres is in China conducting negotiations about a two-piece project worth USD 200...

Southeast Asian nations, backed by Japan, China and South Korea, have agreed to set up a multi-billion dollar fund to buy toxic debt and help the region’s banks...

Human Rights Watch, a US-based group claiming to be a non-governmental organization, but which is in fact funded by government-linked quasi-private foundations and a...

I recently attended a talk given by Pedro Alba, WB Director for Argentina, amongst other countries in the Southern Cone. I was pleasantly surprised by Alba’s approach...

Chavez’s government has been demonized by the US since he came to power and has been elected democratically numerous times by numbers that would be considered...

NEW DELHI: India is home to roughly one-third of all poor people in the world. It also has a higher proportion of its population living on less than $2 per day than...

Seebohm Rowntree was the son of wealthy Quaker businessman Joseph Rowntree but was acutely aware of the poverty that surrounded him in late-Victorian York, England.

Every agency wants to jump on to the ‘tiger crisis’ bandwagon. Now the World Bank has ‘asked’ the Indian government to put in a ‘formal...

U.N. agencies and the World Bank pledged on Tuesday to set up a task force to tackle an unprecedented rise in global food prices that is threatening to spread social...

The president of the World Bank on Sunday urged immediate action to deal with rapidly rising food prices that have caused hunger and deadly violence in several...

It is indeed sad, that the Indian state of Bihar, with a population of roughly 90 million people is practically disconnected from the growing Indian and global economy....

Poorest of the world are doomed to remain poor. What else would you expect if the apex body in the world continuously fails to deal with problems in its own...

Corruption is an endemic problem in bank projects, swallowing unknown but significant chunks from its $30 billion-plus annual portfolio.

There is a need to just forget the dream to make Mumbai a Shanghai and the state government should concentrate to make it another New York. Mumbai actually needs to go...

The poor in India keep dying while the Sensex shoots up. Slums in metros are destroyed to make way for high-rises. Nobody hears of the slum-dwellers anymore. All sorts...

India’s Finance minister P Chidambaram has told the developed countries to concentrate on their own problems and invest time to think for the solutions of the...