World Bank’s ‘magical discovery’

World Bank’s ‘magical discovery’ Shahid Kardar Published July 13, 2026 Updated July 13, 2026 06:39am 0 The writer is a former governor of the State Bank. Listen to article 1x 1.2x 1.5x comments Join our Whatsapp Channel Add Dawn as a trusted source BARELY had the dust settled on the IMF’s insipid report on governance than the World Bank launched, with much fanfare, its latest prescription — this time on fiscal federalism. The bank’s report presents itself as a fresh diagnosis of Pakistan’s malfunctioning intergovernmental system, when actually there is little that is either new or thought-provoking about it. In fact, the report comes across as an overwhelmingly technocratic exercise.

…

Excerpt limited to ~120 words for fair-use compliance. The full article is at Dawn.