Posts tagged as: World Bank

Shortage of innovation slows export pace in Latin America

lack of innovation in Latin America

Latin American leads global entrepreneurship among the emerging economies, but are slowing down due to lack of  innovation. A deadly equation which neither multinationals are not spared, and penalizes the growth of the region and exports. Examples abound. Chinese multinationals investing in R & D 34 times more than Latin American transnational manufacturing, except for […]

World Bank Reveals Pakistan’s Urban Air Pollution Problems


It was recently reported from Islamabad that the World Bank report claimed that Pakistan’s urban air pollution might cause a lot of problem to the world later on. This is due to the fact that the urban pollution in Pakistan is the worst kind. Moreover, according to the report it is not only the most […]

Prime Minister seeks World Bank’s investment in power sector

Prime Minister Muhammad Nawaz Sharif Wednesday invited the World Bank to invest in Pakistan’s power sector to resolve the energy crisis.   He was talking to Phillippe le Houerou, Vice President South Asia of the World Bank for South Asia and Country Director, Mr. Richard Benmessaoud, who called on the Prime Minister at the Prime Minister’s […]

KP Government to launch citizens’ feedback data collection

The Government of Khyber Pakhtunkhwa has approved the launching of a citizens feedback data collection system where the dealing and performance of the government functionaries will be directly inquired about from the concern citizen through mobile telephone calls and sms.     Immediately and for the time being such inquiries/calls will be made to those […]

IMF refuses to write off or restructure Pakistan’s loans

International Monitory Fund (IMF) mission in Pakistan chief Jeffrey Frank said the IMF cannot write off or restructure Pakistan’s loan.   While speaking to the media, Frank said Pakistan has not formally sought a new program, adding that if they did want to seek a new program their economic strategy must radically change as losses […]

Tauqir Sadiq case: Supreme Court expresses astonishment over absence of record

The Supreme Court expressed astonishment over absence of record about Taquir Sadiq, saying that how could the case be heard properly if the law enforcement agencies were acting in complicity with the accused.   A three-judge bench of the apex court headed by Justice Khawaja, resumed hearing the Oil and Gas Regulatory Authority (OGRA) scam […]

Rehman Malik says militants generates funds from narcotics’ business

In quite a shocking statement, Interior Minister Rehman Malik has said that around 70 per cent of Taliban’s income comes from managing and taxing the illicit drug business.   The minister said this while chairing the concluding session of a two-day Regional Ministerial Conference entitled, ‘Counter narcotics, enhancing cooperation for effective coordinated and sustainable narcotics […]

Food Inflation hits USA & Eastern Europe

WASHINGTON, August 30, 2012 – Global food prices soared by 10 percent in July from a month ago, with maize and soybean reaching all-time peaks due to an unprecedented summer of droughts and high temperatures in both the United States and Eastern Europe, according to the World Bank Group’s latest Food Price Watch report. From […]

WB president Jim Yong Kim visits Africa

WASHINGTON, August 30, 2012 – World Bank Group President Jim Yong Kim will visit Africa in his first official visit outside the U.S. since taking up his new position in July 2012. He will visit Côte d’Ivoire and South Africa September 4-6 to meet with national leaders, government ministers, women leaders and young people, along […]

WB board of directors approves US$ 11.7 million grant for Mexico

WASHINGTON, August 30, 2012 – The World Bank (WB) Board of Directors approved a US$11.7 million grant today to promote sustainable production and in favor of Mexico’s biodiversity. It seeks to create sustainable production systems combining production activities, natural resource management, preservation and conservation of biodiversity, in nine biological corridors located across six states: Yucatan, […]

WB approves $5mn grant for Balochistan province

Islamabad: (Friday, July 20, 2012) The World Bank has approved a grant of US $ 5 million for Khyber Pakhtunkhwa, Federally Administered Tribal Areas and Balochistan. The grant is to be provided for the Balochistan Disaster Management Project (BDMP) which will further build capacity of the Provincial Disaster Management Authority (PDMA) Balochistan to prepare for […]

Spanish police take action against protestors by firing rubber bullets

Spanish police fired rubber bullets and charged protestors in central Madrid early Friday at the end of a huge demonstration against economic crisis measures. The protest was was one of over 80 demonstrations called by unions across the county against civil servant pay cuts and tax hikes which drew tens of thousands of people, including […]


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