Georgia’s ruling party has put LGBTQI+ people firmly in the firing line ahead of next month’s election. On 17 September, parliament gave final approval to a highly discriminatory law that empowers the authorities to censor books and films with LGBTQI+ content, stop discussion of LGBTQI+ issues in schools, ban people from flying rainbow flags and […]

  Our world has witnessed unprecedented levels of economic development. The advance of our technological capabilities continues unabated. Our financial resources continue to grow. Yet, as of last year, an estimated 750 million people live in extreme poverty. Extreme poverty is defined as living on less than $2.15 per day. Roughly 60% of the world’s […]

Until recently, Margaret Natabi would never have dreamed of taking her anti-corruption fight on the streets of Uganda’s capital, Kampala. Natabi, 24, is a University student. She has first-hand experience of how corruption affects marginalized groups, especially women and girls. She was orphaned during childhood. Her mother died while giving birth to one of her […]

Endangered succulents in the Richtersveld have been given a lifeline from poaching, mining, overgrazing, and climate change

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Anne Hathaway is being grateful to everyone who contributed to a wonderful last year in her life, and looks forward to a better year ahead as she turns 42.Hathaway celebrated turning 42 on Tuesday, Nov. 12, by posting a special video clip on Instagram, beginning with a cheerful wave from bed and...

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“It’s been horrible; I’ve been sick on and off for the last 10 days,” said 29-year-old asthmatic Natasha Sohail, who teaches A-Level students at three private schools in Lahore. Last week, her condition worsened with a vertigo attack and fever. “It’s criminal what is happening here,” said an incensed Sohail, referring to the “band-aid measures” […]

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“We’re ready to testify before the QuadComm as victims of extrajudicial killings,” Rosenda Lemita said, stressing that they want Duterte and those responsible to face investigation. For these families, the government’s “nanlaban” excuse is not just for the drug war but also for silencing activists.

Wednesday will be mainly sunny in most areas with a chance of isolated afternoon rains, mainly in the mountains and in the south. Temperatures will rise to 25C inland and on the coasts and 14C in the higher mountains. Winds will be mainly south-to north-westerly, light to moderate, up to 4 Beaufort. The sea will […]

Decision makers need to analyze, exchange, and disseminate statistical information effectively in today’s data-driven world. See how Statistical Data and Metadata eXchange (SDMX) standards are helping create robust data links across the globe.

ADB’s report on sovereign default and loss rates demonstrates the low credit risk in ADB's sovereign operations, with an average default rate of 0.54% over the last 34 years and zero new defaults from 2010 to 2021.

The Federal Reserve’s monetary policy has become increasingly data-dependent, with inflation and employment figures driving the nascent easing cycle. What does this mean for Asia’s financial markets?

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Donald Trump has said he wouldn’t be a dictator — “except for Day 1.” According to his own statements, he’s got a lot to do on that first day in the White House.

Georgiev looks like a different goaltender in early November than he did last month.

Does competition enhance productivity growth of a developing economy? Is global competition conducive to economic development? Answers as evidenced from Korean microdata.

• Holds introductory meeting with finance minister
• Govt pledges to end gas supply to captive power plants by Jan
• Lender’s team to hold joint session with power and petroleum divisions today

ISLAMABAD: The International Monetary Fund (IMF) has sought a detailed, output-based update on Pakistan’s digitalisation plans for its revenue system, including the use of artificial intelligence to expand the tax base and increase collections.

On the energy side, the country has pledged to halt gas supply to captive power plants (CPPs) by January 2025, redirecting them to the national grid despite a strong pushback from influential rent-seeking industrialists. The IMF has firmly rejected any amendments to this programme benchmark.

The visiting IMF team, led by Pakistan’s mission chief Nathan Porter, held an introductory meeting on Tuesday with Finance Minister Muhammad Aurangzeb. Minister of State for Revenue Ali Pervez Malik, State Bank Governor Jameel Ahmad and Federal Board of Revenue (FBR) Chairman Rashid Mehmood Langrial were also present.

The mission is also holding separate technical sessions with all the stakeholders, including the FBR, power and petroleum divisions and the energy sector regulatory authorities. In all these engagements, the mission appeared to have not expressed its mind so far, except from raising exploratory questions, participants told Dawn.

It is not yet clear if the dialogue would lead to policy-level discussions that had been a critical part of IMF programmes’ quarterly reviews.

The current $7 billion Extended Fund Facility (EFF), however, has been designed in a manner that the IMF and Pakistan authorities should hold biannual review meetings for the disbursement of about $1bn instalments during each cycle.

The first formal review has to take place based on the end-December performance for Pakistan to qualify for disbursement for a second instalment of over $1bn by March 15, 2025.

Officials said the IMF mission has called for detailed explanations on the digitalisation of FBR’s processes for revenue collection, application of artificial intelligence for identifying and tracing tax evaders and their taxable incomes and businesses and involvement of specialised expert firms. They have also sought a complete update on the track-and-trace system.

In initial meetings, the FBR attributed recent revenue shortfalls — particularly in the first month of the second quarter — to the declining inflation.

The power sector’s performance appears to be within agreed limits concerning circular debt and current revenues.

Circular debt rose by about Rs70bn, below earlier estimates of Rs240-250bn. A circular debt management plan was approved only last week by the Economic Coordination Committee (ECC), led by the finance minister.

Sources said the government had been going back and forth over the disconnection of gas supply to inefficient captive power plants, belonging mostly to the textile sector, to utilise surplus capacity in the national power grid.

The industrialists have, however, now mustered support from gas companies. Some stakeholders are now pushing for the supply of imported LNG to CPPs at a weighted average cost of local and imported molecules on the premise that electricity connections were not available or were insufficient in certain areas.

The IMF mission is scheduled to have a joint session with the power and petroleum divisions on Wednesday (today) to discuss their interrelated issues, including circular debt, planned tariff adjustments, loss reduction programmes and recoveries.

Published in Dawn, November 13th, 2024

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This report highlights Bangladesh’s cross-border paperless trade readiness, outlines the significant legal and technical gaps it still needs to address, and provides a comprehensive action plan.

This study finds that investing in sanitation not only improved children’s health, but also created valuable time-savings for all household members.

The Secondary Education for Human Capital Competitiveness Project will support priorities of phase 2 of Cambodia's Secondary Education Blueprint 2030. The project's impact is aligned with the vision of the Ministry of Education, Youth, and Sport (MOEYS) and the government's strategy, which highlight the importance of high-quality human resources to develop a knowledge-based society.2 The outcome will be effectiveness of a gender-inclusive upper secondary education system improved.

The proposed project will support the development of a 25.6 MW Tier-III/Rated 3, LEED Gold certified, green data center in Samut Prakan, Thailand. This financing will align with the Green Loan Principles and marks ADB's first data center financing, supporting Thailand's green growth and innovation agenda. The project aims to expand green data center capacity in Thailand, demonstrate the potential for green data centers, and support the digital economy while aligning with ADB's climate finance targets. This financing will align with the Green Loan Principles and marks ADB's first data center financing, supporting Thailand's green growth and innovation agenda. The project aims to expand green data center capacity in Thailand, demonstrate the potential for green data centers, and support the digital economy while aligning with ADB's climate finance targets.

This edition of the ASEAN+3 Bond Market Guide series focuses on updates in the Republic of Korea’s (ROK) market since the publication of the previous guide for the ROK in 2018.

This publication provides updated statistics on a comprehensive set of economic, financial, social, and environmental measures as well as select indicators for the Sustainable Development Goals (SDGs).

The project integrates crop diversification with the adoption of climate-smart irrigated agricultural practices that require modernization of irrigation systems and on-farm water management to improve irrigation efficiency and crop water productivity. It includes the following three outputs: (i) irrigation management services strengthened, (ii) modern irrigation and drainage infrastructure developed, and (iii) efficient on-farm water management practices adopted.

1. Output 1: Quality of STEM education with support of technology improved.

The project is aligned with the following impact: Livability of Gia Nghia city in Dak Nong province enhanced. The project will have the following outcome: access to urban environmental infrastructure and services in Gia Nghia improved. The project is expected to benefit approximately 68,215 residents through an improved environment and the establishment of public green spaces around the lakes, and approximately 20,810 residents additionally through access to networked sewer services by 2028.

The proposed project will undertake a long-term and strategic approach to deliver climate adaptive solutions for water resources management in the Amu Darya River Basins in Uzbekistan. Predicted climate change impacts include increased temperatures, increased frequency and severity of extreme events such as floods and droughts, and a reduction of water availability and increased variability of water flows in the major river basins. Decreasing availability and increased water requirements by different sectors are leading to a growing seasonal and absolute supply-demand gap.

For approval in 2023.

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Eight Australian sea lions were fitted with cameras and trackers to capture unprecedented insights into their behaviour and the marine habitats where they hunt

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