Topic
world bank
Business World Bank Report Reveals Pakistan's Deep Fiscal Faultlines in Provincial Spending
A World Bank report highlights severe fiscal disparities in Pakistan, where provincial capitals receive disproportionately higher public spending than their hinterlands. Quetta leads with a 475% gap, while local governance and audit failures compound the crisis.
Finance India Seeks $2.5 Billion in Loans from World Bank and ADB as Subsidy Costs Rise
India is negotiating loans worth $2.5 billion from the World Bank and Asian Development Bank (ADB) to support urban infrastructure and job creation. The move comes as increased spending on fuel and fertiliser subsidies, driven by the Iran conflict and higher oil prices, has widened the budget gap. India imports over 80% of its crude oil, limiting fiscal space for large-scale projects.
Business World Bank Cuts Global Growth Forecast to 2.5% for 2026; India Retains Fastest-Growing Major Economy at 6.6%
The World Bank projects global growth of 2.5% in 2026, down from 2.9% in 2025, citing the Middle East conflict and rising energy prices. India's GDP is forecast to grow 6.6% in fiscal year 2026-27, making it the world's fastest-growing major economy, though higher energy costs and fiscal pressures pose risks.
Trade India's Growth Sustained by Strong Fundamentals: World Bank
The World Bank emphasizes India's robust economic fundamentals and strategic partnerships as key to sustaining growth despite geopolitical challenges. The food processing sector is identified as a promising area for expansion.