The WB report also highlighted that Pakistan is expected to miss its primary budget target as well, which would keep Islamabad in deficit for at least three more years.
The study estimates that around 4.5 billion people are highly vulnerable to extreme weather events, including floods, droughts, cyclones, and heatwaves
Are Indian banks future-proofing themselves as the Indian economy gets impacted by global uncertainties, wars, and the impending oil crisis pushing inflation to a new high?
During Wednesday's World Bank-IMF annual meetings in Marrakech, Morocco, she emphasized this while unveiling the "Partnership for Resilient and Inclusive Supply-chain Enhancement" (RISE).
India wants the World Bank to take into account several measures taken by the government at logistics front such as PM GatiShakti initiative while determining the logistics ranking of countries.
The Finance Minister and the World Bank President stated that they look forward to Volume 2 of the report that will be submitted during the 4th Finance Ministers and Central Bank Governors FMCBG Meeting in Morocco in October.
Recently, External Affairs Minister S Jaishankar met World Bank president Ajay Banga and held discussions on India's endeavours to empower regional connectivity and the concerns of the Global South
West Bengal government is taking a Rs 2,500 crore loan from the World Bank and the entire money will be utilised for the purpose of infrastructure development