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Biden Nominates Indian Banga to Lead World Bank

US PresidentJoe Biden on Thursday nominated former Mastercard Chief Executive Officer Ajay Banga to lead World Bank.  If confirmed by the World...

Poorest Countries Spend More Export Revenues for Paying Debt

The poorest countries now spend over a tenth of their export revenues for their long-term public and publicly guaranteed external debt—the highest...

Remittances Grows by Five Per cent Globally

Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, showing a growth of five per cent to 626 billion...

Developing Countries Need Key Investments, Policy Reforms for Emission Reduction

Investment to the tune of 1.4% of GDP annually could reduce emissions in developing countries by as much as 70 per cent...

Depreciation in Currency Heightens Energy, Agri Risk

The shrinking value of currencies of most developing economies is driving up food and fuel prices, which ultimately could deepen the food...

World in 2023 May Edge Towards Recession

The world may edge toward a global recession in 2023 and a string of financial crises in emerging market and developing economies...

Remittance flow To LMICs Expected To Increase

When the world is reeling under financial crisis, remittance flows to low- and middle income countries (LMICs) are expected to increase by...

Expanding Social Protection Systems Needed For Households

Covid-19 pandemic has disproportionately affected vulnerable segments of the population, including children and their families. Well, what is the real impact of the pandemic...

Women Lack Equal Economic Opportunity  

Around 2.4 billion women of working age across the world do not get equal economic opportunity and 178 countries maintain legal barriers that prevent...

World Bank Outlines Priorities For Recovery

With Covid 19 triggering the most encompassing economic crisis in almost a century, the World Bank in its latest World Development Report' focusses on...

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