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World Bank maps out plans...

WASHINGTON: The World Bank on Thursday...

Economic Hardships: Nearly 40% of...

NEW DELHI: Over 12.5 million Pakistanis...

World Bank maps out plans to further boost lending by $100 bln-plus over a decade

WASHINGTON: The World Bank on Thursday proposed steps that would boost its lending to developing countries by an additional $100 billion over a decade as part of an ongoing reform process aimed at helping the bank expand its mission to include climate change. In a 24-page report to the joint ministerial committee that oversees the bank and the International Monetary Fund, the bank's management said it would ask shareholders to approve a hybrid capital measure and a new portfolio guarantee platform that together could boost lending by over...
Karl Jörg -
Business Profiles

World Bank maps...

WASHINGTON: The World Bank on Thursday proposed steps that would boost its lending to developing countries by an additional $100 billion over a...
Karl Jörg -
Uncategorized

Economic Hardships: Nearly...

NEW DELHI: Over 12.5 million Pakistanis fell below the poverty line in the past one year and now nearly 40% of the country's...
Karl Jörg -
Global News

Paris Agreement: Island...

UNITED NATIONS: Island nations bearing the brunt of climate change this week confronted rich countries at the United Nations General Assembly, saying the...
Karl Jörg -
Global News

Germany passes law...

BERLIN: Germany's lower house of parliament on Thursday passed a bill to make saving energy compulsory in all economic sectors, a move...
Karl Jörg -
Global News

Rishi Sunak: UK...

LONDON: UK Prime Minister Rishi Sunak announced Wednesday that he's delaying by five years a ban on new gas and diesel cars that...
Karl Jörg -
Global News

Climate takes center...

WASHINGTON: With the world on track to break the record for the hottest year in history, world leaders, business leaders, celebrities and activists...
Karl Jörg -
Uncategorized

India’s presidency at...

United Nations (UN) Secretary General Antonio Guterres on Friday expressed optimism that India’s presidency at the G20 will help lead to the kind...
Karl Jörg -
Global News

Africa Climate Summit:...

NAIROBI: The first African Climate Summit is opening as heads of state and others assert a stronger voice on a global issue that...
Karl Jörg -
Global News

Some wildfire evacuations...

VANCOUVER: The wildfire situation showed some improvement in British Columbia on Sunday, with more people being allowed to return home, but blazes continued...
Karl Jörg -
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