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    Tag:World Bank

    Sri Lanka’s Flagship Welfare Scheme hit by Data Flaws, World Bank Says

    The Aswesuma scheme, introduced in 2023, aims to replace a decades-old programme with a new model that ostensibly uses multidimensional deprivation scores rather than just income thresholds.

    World Bank Urges Sri Lanka to Reform Land, Labour and Trade Policies for Sustainable Growth

    The World Bank forecasts Sri Lanka’s GDP growth at 2.5 per cent in 2025, potentially exceeding 5 per cent with effective reforms, boosted by...

    $150mn World Bank Financing for Sri Lanka to Boost Renewables, Avoid Blackouts

    A core feature of the initiative includes $40 million in World Bank Group guarantees in the first phase. This will help reduce risks for private investors and energy producers.

    World Bank Unveils $1 Billion Package to Spur Jobs and Private Sector Growth in Sri Lanka

    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.

    World Bank: $300 Million IDA Loan for Pakistan Clean Air Programme

    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.

    India’s Demographic Dividend at Risk: World Bank Urges Immediate Labor Reforms for High-Income Ambition

    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.

    Sri Lanka: Private Sector Engagement in Climate-Smart Agriculture a Necessity

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

    Sri Lanka: President Dissanayake Seeks World Bank Help

    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.

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    Global Peace Index 2026: World Grows Less Peaceful as South Asia Records Sharpest Decline; India Ranks 127th

    As global conflicts multiply, nations like India, with its demographic dividend and growing global influence, have an opportunity to lead by example in fostering stability.
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    Scorching Crisis: Karachi Braces for Extreme Heatwave as Temperatures Soar Towards 47°C

    Pakistan’s experience mirrors global challenges, urging international cooperation on mitigation while building local resilience. In the blistering streets of Karachi, the human cost of inaction is measured not just in degrees, but in lives and livelihoods under threat.

    EU-Backed Initiative Puts Sri Lanka’s Green Finance Taxonomy into Action, Training Stakeholders for Sustainable Growth

    The training of over 200 stakeholders represents not just technical progress but a strategic commitment to a greener future. As implementation gains momentum, Sri Lanka’s financial sector is poised to play a transformative role in the nation’s sustainable development journey.

    Must read

    Global Peace Index 2026: World Grows Less Peaceful as South Asia Records Sharpest Decline; India Ranks 127th

    As global conflicts multiply, nations like India, with its demographic dividend and growing global influence, have an opportunity to lead by example in fostering stability.

    Scorching Crisis: Karachi Braces for Extreme Heatwave as Temperatures Soar Towards 47°C

    Pakistan’s experience mirrors global challenges, urging international cooperation on mitigation while building local resilience. In the blistering streets of Karachi, the human cost of inaction is measured not just in degrees, but in lives and livelihoods under threat.