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11 Oct 22
The acceleration of reforms aimed at collecting additional revenue and debt restructuring will help Sri Lanka to support its poorest and aid its financial recovery, economists at the World Bank have...
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22 Aug 22
The International Monetary Fund has said it will need “adequate assurances” from Sri Lanka’s creditors, before it agrees a new deal with the nation, amid an economic crisis.
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29 Jul 22
Sri Lanka needs to implement “deep structural reforms” before it can receive any new financial support from the World Bank, which has released a statement in response to the continuing economic...
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25 Jul 22
The dual impact of Covid-19 and last year’s military coup in Myanmar has reversed a decade of poverty reduction and pushed more people into destitution, World Bank economists have said.
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17 Jun 22
The European Union looks set to remove Greece from its ‘enhanced economic surveillance’ programme, recognising that the government has delivered most of its reform commitments.
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1 Jun 22
Deliberate policy inaction and “elite capture” have held up the reforms that could help Lebanon lift itself out of its financial crisis, according to the World Bank.
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27 May 22
A bailout deal between the International Monetary Fund and the crisis-hit Sri Lankan government appears to be close following two weeks of technical discussions between officials.
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12 May 22
The Lebanese political establishment is “completely out of touch with reality” according to a United Nations report that had particularly harsh words about the country’s central bank’s role in the...
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11 May 22
Sri Lanka’s central bank governor will resign in two weeks’ time unless political stability can be restored, he told a press conference after the prime minister was forced to quit amid protests.
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8 Apr 22
Lebanon and the International Monetary Fund have agreed on a $3bn reform programme seen by many as vital to help turn the crisis-stricken Middle-Eastern economy around.
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4 Apr 22
Sri Lanka’s finance minister and central bank governor have resigned amid countrywide demonstrations angry at a deepening economic crisis.
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25 Jan 22
Lebanon’s elite have caused “long-lasting scars” on the country’s economy by causing a protracted political and economic crisis, according to a highly critical World Bank report.
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2 Oct 20
Muhammad Afnan Alam takes an in-depth look at the economic crisis that has engulfed Lebanon, that predates the Beirut explosion and even Covid-19.
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8 Nov 19
The World Bank has warned the Lebanese president that poverty could rise by half if the economic situation in the country worsens.