Tag:World Bank

Tourism, one of Sri Lanka’s key economic drivers, is set to receive $200 million. These funds will be used to protect and enhance natural and cultural heritage sites, create employment opportunities, and ensure local communities benefit directly from tourism revenues.

The programme would also develop an integrated pollutant and a greenhouse gas (GHG) emissions inventory system to provide a comprehensive approach to tracking and managing emissions data.

A central concern of the report is India's underutilized demographic dividend. Despite having a large working-age population, the country's labor force participation rate stands at a mere 56.4 percent, significantly lower than its peers.

The climate-smart agriculture concept reflects the ambition to improve the integration of agriculture development and climate responsiveness.

Sri Lanka's recent economic performance has shown resilience, but challenges persist. The World Bank cautioned that macroeconomic stability is contingent on the consistent implementation of fiscal, financial, and monetary policies.

If current trends continue, Oxfam predicts that five trillionaires will emerge within the next decade. In stark contrast, the number of people living in poverty has remained nearly unchanged since 1990.

Pakistan is taking significant steps to deepen its financial and economic engagement with China, aiming to tap into the world’s second-largest capital market and expand corporate opportunities in Hong Kong.

The 2013 amendment to the Anti-Corruption Commission Act, requiring government approval to investigate politicians or bureaucrats, has been particularly criticized for stifling the ACC’s independence.