The World Bank has opened a new regional hub in Riyadh, Saudi Arabia, to serve the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP). The hub is co-located with the World Bank Group’s Gulf Cooperation Council (GCC) regional office. This move brings the Bank’s leadership closer to country teams, clients, and regional partners while enhancing […]
North Africa
Pakistan’s economic conditions may further decline, fears IMF
The International Monetary Fund has expressed its fear that economic conditions of Pakistan may further decline in 2019, resulting in slowdown of economic development and increase in unemployment. The IMF on Tuesday issued its report titled World Economic Outlook 2019, stating that economic development would slow down and unemployment would increase in Pakistan in 2019. […]