The global lender found that 54% of electricity subsidies go to the top 40% income group, who typically live in larger homes and use more electricity due to higher ownership of appliances and air ...

Bangladesh is now regular in payments. Additionally, an LC (Letter of Credit) worth about two months of billing and sovereign guarantee for all dues as additional security has been established, ...

Bangladesh made its biggest single payment of USD 437 million in June to clear pending dues to Adani Power, including ...

Bangladesh has paid USD 437 million to Adani Power, resolving payment issues and securing full power supply from the Godda ...

Bangladesh settles $384 million payment to Adani Power to reduce outstanding dues amidst financial instability and political ...

He explained that the two global financial institutions are coordinating forces across 'four primary pillars' to drive revenue growth ...

The people cited above said Pakistan and Afghanistan will now be grouped under the bank’s Middle East and North Africa (Mena) ...

We expect Pakistan's fiscal situation in 2025 to be characterised by a significant allocation of its national budget (2025–26) towards debt servicing and defence expenditures. This situation ...

Bangladesh paid Adani Power USD 384 million so far in June, significantly trimming its outstanding dues under agereement ...

Bangladesh has struggled to meet its payment obligations under the 2017 deal, due torising import costs following the Russia-Ukraine conflict in 2022 and domestic political turmoil.