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Pakistan

Private Sector

Analysis

How the Bank’s push for microcredit failed the poor

Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.

8 December 2017 | At Issue

Gender

Analysis

The IMF, Gender Equality and VAT

BWP briefing explores gender dimensions of IMF’s key fiscal policy advice on resource mobilisation in developing countries, in particular on Value-Added Tax.

12 April 2017 | Briefing

Infrastructure

Analysis

The rise of the infrastructure giants

World Bank faces increased competition over large scale infrastructure in Asia, with the Asian Infrastructure Investment Bank and the BRICS Bank.

20 June 2014

Social services

Analysis

Going, going, gone?

IFC accused of “McDonaldisation” of education, with investment in low-fee private schools, despite evidence of negative impacts on inequality.

9 May 2014

Infrastructure

Analysis

World Bank’s thirst for hydropower

The World Bank and IFC continue push for controversial hydropower, with projects in Guatemala, Democratic Republic of Congo, East Africa, Niger, Pakistan and Macedonia. The Bank warned on long term viability of hydropower, as Uruguay’s state hydro company agreed insurance with the Bank.

27 February 2014

Social services

Commentary

World Bank funded private schools in Pakistan

Pakistan’s education system has recently received enormous global attention however the increase in World Bank-backed investment in low cost private schools threatens to undermine recent government moves and the campaign to provide all children with free compulsory education.

2 December 2013

Finance

Analysis

The IFIs in 2013: year in review

The Bretton Woods Project review of the most important developments at the World Bank and IMF in 2013.

8 January 2014 | Review

Finance

Commentary

Why the IMF must cancel Pakistan's debt

Alongside development and economic issues, Pakistan will be tackling the debt repayments that the country is scheduled to make in the next two years and beyond thanks to a $6.64 billion IMF loan agreement. The debt burden is suffocating public spending.

19 September 2013 | Comment
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Other news

Land

News

NGOs denounce World Bank land conference

NGO coalition Our Land Our Business denounced the World Bank’s March conference on land and poverty, condemning the Bank’s role in land grabs.

6 July 2015

Gender

News

IEG calls on World Bank for more gender integration

Independent Evaluation Group highlights lack of gender integration in World Bank social safety net projects

3 February 2015

Conditionality

News

Pakistan needs to borrow "to repay IMF"

In late June, finance minister Ishaq Dar informed Pakistan's national assembly that the government "will have to go to the IMF" in order to repay current outstanding loan instalments to the Fund.

25 June 2013

IFI governance

News

Pakistani PM's son-in-law new World Bank ED

The Pakistani prime minister Raja Pervaiz Ashraf controversially appointed his son-in-law Raja Azeemul Haq as World Bank executive director (ED) in December replacing current ED Javed Talat whose term had expired.

13 February 2013

Trade

News

IMF "onslaught" on Pakistan's economy

Pakistan must radically change its economic strategy, and raise Rupees 360 billion ($3.67 billion), 1.5 per cent of its GDP, before the Fund will agree to a new programme.

13 February 2013

IFI governance

News

Pakistan loan talks despite debt cancellation calls

Talks between the IMF and Pakistan under post-programme monitoring resumed in September. Despite confidence amongst Pakistan officials in their country's capacity to repay its loans, the IMF fears the need for a second loan early next year

6 December 2012

Conditionality

News

Pakistan: IMF pushes regressive taxes

In November, Pakistan and the IMF again failed to agree conditions for release of the sixth instalment of the country's Stand-by Agreement.

29 November 2010

Rights

News

Coca-Cola withdraws IFC loan application following union challenge

Coca-Cola Pakistan retreated from a proposed a $60 million loan from the International Finance Corporation (IFC), the World Bank's private sector arm, after a trade union announced plans to challenge the investment.

30 September 2010
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