Tagged: David Malpass

January 10, 2023 @ 9:30 am By JD Alois  |  

As part of its most recent Global Economic Prospects report, the World Bank is predicting a sharp and difficult downturn for developing countries which may result in a global recession. The World Bank notes this could be the first time that two global recessions have… Read More

April 22, 2020 @ 9:00 am By JD Alois  |  

The World Bank says that global remittances have sunk a whopping 20% in 2020 due to the COVID-19 crisis. The projected fall is the sharpest decline in recent history. The cause is due to the rapid decline in wages and employment of migrant works that… Read More

November 14, 2019 @ 11:43 pm By Omar Faridi  |  

The State Bank of Pakistan, the nation’s central bank, has announced the development of a new national digital payment systems strategy that is aimed at promoting financial inclusion, especially for women. Cash transactions dominate Pakistan’s $300+ billion economy, with most people receiving their salaries in… Read More