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World Bank grants $800mn loans to Pakistan

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A World Bank (WB) release said that the USD 400 million Pakistan Program for Affordable and Clean Energy (PACE) focuses on measures...

Saudi Arabia, World Bank pledge $100m to global tourism fund

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Riyadh aims to raise the contribution of its tourism sector to its GDP from 3% to 10%, in a bid to modernize...

UN lauds IMF, World Bank measures to stave off debt crisis

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The top UN official has proposed a "three-phased approach to address debt burdens: a debt standstill, targeted debt relief for the...