There is mounting controversy in Lebanon that politicians are poaching scarce vaccine supplies for themselves and their families.
The Covid-19 pandemic has ravaged economies globally, but Pakistan has been on the receiving end of a boom that could continue until the end of this year.
The Investor-State Dispute Settlement process has gone against developing countries for far too long.
Dire projections by the World Bank, including a 19.2 percent drop in gross domestic product this year alone, come as Lebanon suffers its worst economic and financial crisis in its modern history, posing a threat to the country’s stability.
The World Bank had invested more than $12 billion in fossil fuels since 2015, according to a report by Urgewald, an environmental NGO based in Germany.
The African country wants to divert resources to take care of its people during the pandemic.
In July 2019, the bank had slapped the whopping fine against Pakistan for denying the mining lease to an Australian company, followed by Pakistan's appeal in November 2019 seeking its annulment.
World Bank President David Malpass says poor countries will not be in a better position to deal with the debt payments even if advanced economies suspend them.
A war is the last thing President Abdel Fattah el Sisi wants at a time when Egyptians are reeling from poverty and economic suffering.
The Sultanate is reeling from the double whammy of low oil prices and Covid-19. But with intra-GCC tensions high, a consensus on aid won’t come easily.
Protests erupted in Suweida over deteriorating living standards, as Assad struggles to keep the economy afloat.
Business newspaper El Economista said the Mexican government asked the World Bank for the loan on May 19 to deal with the impact of the pandemic.
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