World Bank president Ajay Banga expressed hope that donor contributions could add up to an additional $100 billion to the poorest countries through its lending arm, the International Development Association (IDA). The Bank has initiated efforts to add more financing to its portfolios to support low-income countries with very low-cost financing and grants.

India hosted the G20 Summit in New Delhi from September 9-10. The summit adopted a 37-page consensus declaration overcoming major differences on the Russia-Ukraine war and took several steps to ensure the stability of the global economy.

The International Monetary Fund (IMF) mission is likely to land in Pakistan on Wednesday to conduct an economic assessment regarding the USD 3 billion Stand-By Arrangement and simultaneously Islamabad is likely to request a USD 6-8 billion fresh loan programme, according to a report