Global recession can be avoided if governments' fiscal policies were consistent with monetary policy tightening, the International Monetary Fund's managing director said on Monday.

World Business Watch: IMF chief Georgieva says global recession avoidable

Early estimates place the cost of Pakistan's recent devastating floods at more than $10 billion, the country's planning minister said on Monday, adding that the international community has a duty to assist Pakistan in coping with the consequences of human-caused climate change.

Pakistan floods cost at least $10 billion: Planning minister

Traditional debt crises and crashing currencies point to a brewing economic downturn in many developing nations. Africa has been no different, it is witnessing an economic slowdown, and the prevalence of Covid pandemic has hindered the flow of necessary finances for ongoing infrastructure development projects. We look at the latest rise in loans from the international monetary fund, the pros, cons and the pitfalls of such loans.

World Of Africa: Africa's spiralling debt crisis

Britain said it will pledge $227 million in annual civilian and food aid for Afghanistan at a conference on Tuesday in Geneva where officials from about 70 countries and humanitarian organisations will pledge billions of dollars for the war-torn nation.

Britain pledges $227 million annual civilian and food aid to Afghanistan

December 27 in history: National anthem sung for the first time, assassination of Pak PM and other historic events

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