A sudden increase in electricity bills has left Pakistanis angry. People are demanding the government repeal the new charges that have made electricity practically expensive for many in daily protests that started in late August. Pakistan bureau chief Sarah Zaman explains why this problem has emerged.
Bangladesh leader Sheikh Hasina met with World Bank officials in Washington on Monday, state media reported, in a visit that analysts described as an attempt to gain the lending institution’s support for her country’s distressed economy in an election year.
Bangladesh will have a hard time complying with the loan recommendations of the International Monetary Fund (IMF) without antagonizing the public and big business ahead of the national election, analysts and stakeholders said.
The International Monetary Fund announced it officially awarded a two-part loan totaling about U.S. $4.7 billion to Bangladesh on Monday to help preserve economic stability and strengthen the nation’s resistance to climate change.
The International Monetary Fund announced Wednesday that it had preliminarily agreed to give Bangladesh a U.S. $4.5 billion loan to help its economy stay afloat amid high inflation and challenges posed by climate change.
The heads of the world’s most powerful global finance, health, and trade organisations have joined forces to urge government leaders to fund a new $50 billion roadmap to help end the pandemic that has ravaged lives and livelihoods for the past 18 months, as well as lay the groundwork for a truly global recovery and improved health security
With the youngest population in the world, Uganda is one the countries most at risk from crime and instability from youth unemployment