Facebook Pixel Pakistan, Afghanistan no longer in World Bank's South Asia region | Mint Chennai - newspaper - Les denne historien på Magzter.com

Prøve GULL - Gratis

Pakistan, Afghanistan no longer in World Bank's South Asia region

Mint Chennai

|

June 30, 2025

The World Bank has turfed out Pakistan and Afghanistan from its South Asia administrative region, said two people aware of the development, even as India presses multilateral banks to stop lending to Islamabad for its role in fomenting terrorism.

- Utpal Bhaskar & Gireesh Chandra Prasad

The people cited above said Pakistan and Afghanistan will now be grouped under the bank's Middle East and North Africa (Mena) region, which would leave the South Asia group with six countries—India, Bangladesh, Bhutan, the Maldives, Nepal and Sri Lanka.

Other than Pakistan and Afghanistan, the bank's Mena region includes Lebanon, Libya, Syria, the West Bank and Gaza, and Yemen, among other nations—a geographically distinct region from South Asia.

However, the World Bank clarified that the two nations had been classed as part of Mena to enable "managerial oversight" of two of its group institutions—the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).

FLERE HISTORIER FRA Mint Chennai

Mint Chennai

Anil Ambani's plea to settle fails at Sebi

The Securities and Exchange Board of India (Sebi) has rejected applications by industrialist Anil Ambani and his corporate group to settle allegations of misusing almost $700 million of company funds, documents reviewed by Reuters show.

time to read

1 min

June 27, 2026

Mint Chennai

Mint Chennai

Migration and identity define this World Cup

Players born in one country and representing another highlight football's ability to transcend politics

time to read

4 mins

June 27, 2026

Mint Chennai

Mint Chennai

‘The Furious’ is an instant action classic

Tanigaki, Sonomura and a scintillating cast deliver wave after wave of relentless, inventive action

time to read

4 mins

June 27, 2026

Mint Chennai

Mint Chennai

The keeper of the princely states' secrets

An excerpt from a new book reveals the role played by a controversial Englishman in the lead up to India’s independence

time to read

3 mins

June 27, 2026

Mint Chennai

Mint Chennai

Robotics funding doubles in 2026, but scale lags

Indian robotics startups raised only $52.9 million in 2025.

time to read

1 mins

June 27, 2026

Mint Chennai

Mint Chennai

SUGARCANE TIGER

In the sugarcane fields of Pilibhit, where tigers now live and hunt beyond the forest, women farm workers navigate a landscape shaped by predator conflict, precarious labour and constant panic

time to read

7 mins

June 27, 2026

Mint Chennai

Mint Chennai

Accenture on cybersecurity wave as Indian IT watches

Only two of Indian IT Big Five’s 49 buyouts since 2020 were pure-play cybersecurity firms

time to read

3 mins

June 27, 2026

Mint Chennai

Mint Chennai

Wajid Ali Shah: The misunderstood renaissance man of Awadh

A magnum opus on the nawab by his great-grandson fails to do justice to the versatile ruler’s life and legacy

time to read

6 mins

June 27, 2026

Mint Chennai

Robotics startup funding doubles in 2026, scale lags

Funding for India's robotics start-ups almost doubled to $42.1 million in the first six months of 2026 from $22.7 million in the comparable span last year, with the average cheque size up 94.4% over the period, data platform Tracxn said.

time to read

1 min

June 27, 2026

Mint Chennai

Mint Chennai

GDP growth view brightens as Iran war tensions ease

The latest upgrade caps highly volatile forecast revisions throughout 2026.

time to read

1 mins

June 27, 2026

Listen

Translate

Share

-
+

Change font size