World Bank refuses 102 million dollar loan to Pak

September 30th, 2009 World Bank gives $74 million to Zimbabwean farmersHARARE, Zimbabwe — The World Bank is donating $74 million to help poor farmers in Zimbabwe. David Rohrbach, a senior agricultural economist for the bank, says the money will benefit 700,000 families, helping to buy seeds, fertilizers and other agricultural equipment for the coming harvest.

September 23rd, 2009 WASHINGTON - The World Bank on Tuesday approved a 4.3 billion dollars loan for India to finance infrastructure projects, to help maintain credit growth levels, employment growth, support social banking and help strengthen the economic recovery from the global financial crisis. The loan includes a 2 billion dollar loan, which is designed for Banking Sector Support Loan, which would to boost the capital of state banks and maintain credit growth.

September 17th, 2009 ISLAMABAD - The Asian Development Bank (ADB) has provided $150 million loan to Pakistan to carry out developmental works in the country's Punjab province, the Online news agency reported Thursday. Punjab is the most populous province in the country.

September 14th, 2009 Boxer Mayweather sued over loan for luxury sedanLAS VEGAS — Boxer Floyd Mayweather Jr. is being sued by a bank in Las Vegas for more than $167,000 unpaid on a loan for a half-million-dollar luxury car.

September 8th, 2009 HONG KONG - A bank Wednesday marked its 150th anniversary in Hong Kong by launching what it claimed to be the world's first 150-dollar bank notes. Standard Chartered Plc, one of three note-issuing banks in the wealthy city of seven million, has printed 1 million of the 150-Hong-Kong-dollar notes, worth $19.35 each.

September 5th, 2009 ISLAMABAD - The 11.3 billion-dollar-loan that International Monetary Fund (IMF) was going to grant Pakistan, faces the risk of disruption if the country fails to reform its tax collection system. The 7.6 billion dollar IMF loan, agreed late last year, and raised subsequently to 11.3 billion dollars, helped Pakistan avoid a default on foreign debt payments.

August 12th, 2009 KARACHI - Pakistan has received $1.2 billion from the International Monetary Fund (IMF) as the third tranche of an emergency loan agreed to last year, the central bank said. "We have received $1.2 billion from the IMF," State Bank of Pakistan spokesperson Syed Wasimuddin told The News.

August 7th, 2009 ISLAMABAD - Pakistan Prime Minister Yousuf Raza Gilani's financial adviser Shaukat Tarin has said that Islamabad will approach the International Monetary Fund for an additional loan of 3.1 billion dollars in a bid to avoid a balance of payment problem in the current fiscal. The IMF board of directors is scheduled to consider Islamabad's request for an additional loan on Friday.

August 5th, 2009 KALININGRAD - Russia's Yantar shipyard is negotiating a $60 million loan to enable it to complete the construction of three frigates for the Indian Navy, shipyard's director Igor Orlov said Wednesday. Russia is building three Project 11356 Krivak IV class guided missile frigates for the Indian Navy under a $1.6 billion contract signed in July, 2006.

July 30th, 2009 LONDON - A Brit Indian newsagent, Mukund Patel, has charged the Barclays Bank of fleecing him of over seven thousand pounds. Seventy-two-year-old Patel claimed that only did the bank take away his money, but it also told him to get a loan to cover the overdraft.ccording to The Sun, Patel paid in a 73.34-pound cheque at Barclays for his gas bill, but the bank debited 7,334 pounds - 100 times the amount - from his account.

July 1st, 2009 MANILA - The Asian Development Bank (ADB) has approved a $100-million loan to undertake developmental projects in China's northwestern Xinjiang Uygur Autonomous Region, officials said Wednesday. The Xinjiang Urban Transport and Environmental Improvement Project, which will receive the money, will also initiate projects to protect the environment, the bank said.

June 22nd, 2009 Dollar gains after World Bank cuts growth forecastNEW YORK — The dollar strengthened Monday ahead of the Federal Reserve's meeting later this week as the World Bank downgraded its assessment of the global economy, ramping up interest in the "safe" greenback. The 16-nation euro dropped to $1.3883 in morning trading from $1.3956, while the British pound fell to $1.6400 from $1.6518.

June 18th, 2009 World Bank raises 2009 China growth forecastBEIJING — The World Bank is raising its 2009 growth forecast for China due to the country's stimulus-driven investment boom. But it also cautions that it is still too soon to say a sustained recovery is on the way.

May 26th, 2009 WELLINGTON - The brazen Kiwi couple who are at the centre of an embarrassing multimillion-dollar bank loan blunder appear to have parted ways in Asia, New Zealand police said Tuesday. Leo Gao, 29, and his girlfriend Kara Yang, 30, fled New Zealand three weeks ago after New Zealand dollar 10 million was accidentally deposited in Gao's Westpac bank account.

April 26th, 2009 World Bank gives aid to Mexico for swine fluWASHINGTON — The World Bank said Sunday that it is providing Mexico with more than $200 million in loans to help it deal with an outbreak of a new strain of swine flu. Mexican health officials say swine flu has killed up to 86 people and probably sickened about 1,400 in the country since April 13.