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Articles on World Bank

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IMF managing director Kristalina Georgieva and World Bank group president David Malpass have offered debt relief to developing countries.

Why African countries are reluctant to take up COVID-19 debt relief

African countries should tread carefully over the debt relief offered by multilateral institutions and other lenders. It could prove very costly in the medium to long term.
A Pakistani man walks past a shop that was closed due to a recent strike in Peshawar, Pakistan. Hundreds of thousands of Pakistani businesses went on strike in a nationwide protest against an increased sales tax, which opposition political parties said was imposed as part of the International Monetary Fund’s recent $6 billion bailout package for Islamabad. (AP Photo/Mohammad Sajjad)

World Bank ruling against Pakistan shows global economic governance is broken

Abolishing the secretive World Bank Tribunal known as the ISDS won't solve all of the problems of global economic governance. But it seems a very good place to start.

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