International Monetary Fund & Ajay Banga

International Monetary Fund: The International Monetary Fund released research highlighting the significant economic costs of wars and military spending, impacting global growth and inflation forecasts.

Ajay Banga: Ajay Banga, President of the World Bank Group, stated that the Iran war would lead to slower growth and higher inflation.

International Monetary Fund: The International Monetary Fund was also ordered by US Treasury Secretary Scott Bessent to return to its core missions of development and financial stability, indicating a broader shift in US policy towards international financial institutions.

Ajay Banga: Ajay Banga, President of the World Bank Group, has shifted the bank's focus to 'smart development' which balances job creation with climate benefits, in response to the evolving political landscape and pressure from the United States — Presidency of Donald Trump.

Ajay Banga: Ajay Banga, President of the World Bank Group, highlighted the critical need for Pakistan to create 25-30 million jobs over the next decade and outlined the World Bank Group's strategy to support this goal.