Global finance leaders met at IMF and World Bank spring meetings in Washington and assessed limited capacity to manage rising geopolitical shocks and economic disruptions linked to Middle East tensions. Officials increasingly acknowledged that reliance on US leadership to resolve crises is weakening as repeated conflicts and energy shocks continue to strain global economic stability. […]
World Bank funding
World Bank approves $400M for Punjab water upgrades
The World Bank has approved $400 million for the Punjab Inclusive Cities Program (PICP) to improve water, sanitation, and hygiene services. The program aims to strengthen local governments and upgrade urban infrastructure across 16 secondary cities in Punjab. Officials say the project will benefit millions and support sustainable urban development. PICP will rehabilitate water supply […]