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US undersecretary congratulates Asian nation for foregoing its Poverty Reduction and Growth Facility
Pakistan has had an impressive year under new premier Nawaz Sharif. But the government needs to keep up its reforming zeal to get the South Asian state’s finances back on track.
Record remittances from Bangladeshis living abroad have negated the country’s need to issue international debt, the finance minister told Emerging Markets.
Teetering on the edge of financial Armageddon just 15 months ago, Pakistan has come far in the past year. But it is only at the start of a very long and perilous journey
The World Bank has undergone a radical — and at times painful — restructuring over the last two years under President Jim Yong Kim as it seeks to cut costs, respond to competition and remain relevant. Is it working? The jury is still out
It is 13 years since the IMF called for an international agreement on how to wind up defaulted sovereign debt. Still there is no mechanism, and regrettably the vulture funds pursuing Argentina still seem to hold sway in the US. It's time for change
On Ebola: "The World Bank stands as the pivot of that effort to marshal money from the rich world and direct it towards the poor. We need to appeal to the world and to the top 1%.”
Kaushik Basu, chief economist, World Bank
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