Pakistan has been named incoming chair of the IMF and World Bank Boards of Governors for 2027, its first since 1953, as Minister Ahad Khan Cheema was announced at the Bangkok annual meetings, even as the country remains under an active IMF programme.
Read Full ArticleThree years after declaring an economic emergency and defaulting on its foreign debt, Sri Lanka has been reclassified as an upper-middle-income economy by the World Bank, a landmark recovery milestone that comes with significant caveats about the narrowness of the threshold crossed and the distance still to travel.
The World Bank arbitration scandal exposes corruption in ICSID’s €110M ruling, fueling BRICS-led calls for global institutional reforms and equitable governance.
International
International