Over 10 million Pakistanis may fall below poverty line: World Bank
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 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.
Fatalities in road accidents reduced by 17 per cent in five years.
The Minister said that the logistics sector will be a cornerstone in our endeavour to take India to a 10 fold growth from a USD 3.5 trillion to USD 35 trillion by 2047.
October is the month for the Annual Meetings of the World Bank/IMF, held this year in Marrakesh in Morocco. It is also the time when key reports on global economic and financial health are published.
"But the good news basically ends there,” Indermit Gill, World Bank chief economist, said on Wednesday.
The World Bank has announced actions it plans to take as part of a comprehensive, global response to the ongoing food security crisis, with up to $30 billion in financing in existing and new projects.
The World Bank has approved a USD 47 million projects to support the Government of India's Mission Karmayogi, a national program to build civil service capacity, the bank said in a statement.
Price increases for food commodities, of which Russia and Ukraine are large producers, and fertilisers, which rely on natural gas as a production input, have been the largest since 2008, the report noted.
On the impact of war on India's energy needs, Sitharaman said the portion of crude coming from Russia is not more than 3-4 percent.
The Finance Minister also suggested that multilateralism has become more critical as the world is undergoing a phase of exceptional uncertainty.