Tag: World Bank
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World Bank Loan for Tax Reforms in Pakistan: Fairness and Transparency
Overview: A New Push for Tax Reform in Pakistan The World Bank has approved a new $700 million loan to Pakistan aimed at reshaping the country’s tax system. This comes after a prior $470 million package focused on increasing tax revenue. The latest tranche seeks to deepen tax reforms, enhance fairness, and improve the transparency…
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World Bank Approves $700 Million for Pakistan Tax Reforms to Boost Fairness and Transparency
Overview of the Loan and Its Purpose The World Bank has approved a new $700 million loan to Pakistan aimed at strengthening the country’s tax system, improving budget transparency, and widening the tax base. This follows a prior $470 million package focused on increasing tax collection. Officials say the new funding will help ensure that…
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World Bank Approves $700 Million Loan for Tax Reforms in Pakistan to Boost Fairness and Transparency
Overview of the Loan and Its Goals The World Bank has approved a new $700 million loan to Pakistan, following a previous $470 million package aimed at expanding the tax base. The latest funding is designed to introduce tax reforms that promote fairness, increase transparency in public budgeting, and strengthen revenue collection. The overarching objective…
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Pakistan accuses India of weaponizing water amid rising tensions
Background: a long-running water dispute comes to a head The accusation from Pakistan’s leadership marks a significant escalation in a dispute that has simmered for decades. Officials say India’s recent releases from dams along shared river basins were conducted without the customary warning and in quantities that could affect downstream communities, agriculture, and power generation.…
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World Bank Fraud Warnings: How to Spot Scams in Bangladesh
World Bank Fraud Warnings Bring Urgency to Bangladesh The World Bank has issued a public alert over a surge in fraudulent schemes that misuse its name and logo to offer loans in exchange for upfront fees. In Bangladesh, as in other countries, scammers prey on individuals seeking financial relief, often promising quick access to World…
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World Bank Warns of Fraud Schemes Misusing Its Name in Bangladesh
Warning of Fraud Schemes Misusing the World Bank Name in Bangladesh The World Bank has issued a public advisory after reports of scam operations in Bangladesh that falsely claim to offer World Bank loans in exchange for upfront fees. These schemes misuse the World Bank’s name and logo to lure individuals and small businesses. Officials…
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Nepal Receives $9.4 Million for Forest Carbon Credits Under the Forest Carbon Partnership Facility
Nepal’s Latest Climate Finance Milestone Nepal has secured a significant climate finance victory, receiving 9.4 million USD from the World Bank’s Forest Carbon Partnership Facility (FCPF). The payment acknowledges Nepal’s ongoing efforts to reduce greenhouse gas emissions through its REDD+ Emission Reductions Program. In practical terms, the country successfully avoided or sequestered roughly 1.88 million…
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Wetang’ula urges World Bank support to strengthen Auditor General’s office
Kenya’s Speaker Urges World Bank Backing for Auditors Kenya’s National Assembly Speaker Moses Wetang’ula is pressing the World Bank to extend both technical and financial support to the Office of the Auditor General (OAG). The aim is to boost the capacity of Kenya’s supreme audit institution to scrutinize public bodies with greater rigor, transparency, and…
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Kenya’s Wetang’ula Calls for World Bank Support to Strengthen the Auditor General’s Office
Kenya Looks to the World Bank for Audit Reform National Assembly Speaker Moses Wetang’ula has called on the World Bank to step in with both technical guidance and financial backing to strengthen the Office of the Auditor General (OAG). The move aims to bolster Kenya’s ability to conduct thorough and independent audits of public institutions,…
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Wetang’ula calls World Bank to bolster Auditor General’s Office for stronger public audits
Kenya’s Speaker appeals for international backing National Assembly Speaker Moses Wetang’ula has called on the World Bank to extend both technical and financial assistance to the Office of the Auditor General (OAG). The aim is to expand the capacity of the OAG to conduct thorough, impartial audits of public institutions, ultimately strengthening accountability and transparency…