IFC, a member of the World Bank Group, is providing a $50 million loan to Commercial Bank of Ceylon (ComBank), Sri Lanka’s largest private bank, to help small and medium businesses in the country deal with the adverse economic impacts of COVID-19

Contrary to the positive projection of GDP growth rate of 2.3 percent by Pakistan’s economic managers, the World Bank (WB) has projected negative -1 percent GDP growth for Pakistan in upcoming fiscal year 2020-21

For Pakistani residents, fiscal year 2020 was the worst year as they witnessed highest inflation in the world forcing policy makers to increase interest rate, according to the State Bank of Pakistan (SBP)

The Government of Japan has provided aid worth USD 5.6 million to the Maldives for further promoting the economic and social development in the country

Bangladesh’s first human milk bank stalled once after running into opposition by a group of Islamists last year, and it faces another prodigious hurdle now: the coronavirus outbreak

Himachal Pradesh's fruit economy of Rs 4,000-crore largely banks on sturdy labourers from Nepal who make their efforts in farms fruitful

The World Bank (WB) will provide a grant of USD 975,000 to support the government’s efforts to design investments that would provide access, efficient, safe, and green transportation options in Thimphu city under the Bhutan Green Transport Project (BGTP)

Pakistan is estimated to have faced an economic loss of up to Rs2.5 trillion because of the COVID-19 pandemic in the current fiscal year

The Asian Development Bank (ADB) on Friday signed an agreement with Pakistan for a $300 million emergency loan to help the country mitigate the impact of the coronavirus pandemic

Orders are beginning to trickle into Sri Lanka’s apparel export firms as Coronavirus lockdowns are eased in the West and buyers re-activating some cancelled orders as stores opened, industry officials said

Bangladesh's foreign currency reserve and inward remittances have hit new highs amid the coronavirus pandemic. For the first time in the country's history, the foreign currency reserve touched 34.23 billion USD, said a press release from the finance ministry

America's largest development bank has approved millions of dollars of investment that will strengthen food security and energy sector in India to fight the economic fallout of the coronavirus pandemic

The Sri Lankan government is mulling moves to reclaim oil tanks at the Trincomalee oil farm which is under the Indian Oil Corporation, officials said

There appears to be glimmer of light at the end of the tunnel after the International Monetary Fund (IMF) projected that the Bangladesh economy would pick up from the second quarter of next fiscal year from the coronavirus-induced downturn

The International Monetary Fund (IMF) has urged Pakistan to freeze salaries of government employees and adhere to the fiscal consolidation path by showing a nominal primary deficit in the new budget, said Finance Ministry sources