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Pakistan’s recent economic history shows why it has been so difficult to service the external debt and why this will continue to be a challenge in the future. First, external debt has not been used to expand public investment for many years now; instead, it has largely supported government consumption. Second, the ability to service the debt has been weakened by poor export performance. And while maintaining external balance has been helped by the growth of remittances, this very growth has also generated pressure on the exchange rate to appreciate, thereby undermining the incentive to expor...

Belgium-based bank Euroclear has launched the first digital native security on the Luxembourg Stock Exchange together with the World Bank. The €100 The €100 million digital bond issuance by the World Bank was listed on the Luxembourg Stock Exchange on 24 October.

Africa can play a major role in—and should be front and center of—any renewed efforts for revitalizing the global economy.

Although natural gas and fertilizer prices have eased, high prices and tight supplies will continue to persist in the medium term.

As India’s industrial sector grows, creating a regular and stable supply of clean energy will be essential for meeting the climate targets.