The IMF’s April 2025 Regional Economic Outlook for Sub-Saharan Africa presents a clear warning: regional growth is slowing, debt pressures are mounting, and donor assistance is declining. Yet the report outlines critical opportunities particularly in domestic revenue mobilization, structural reform, and private sector activation that can shape a more resilient …
Nigeria is seeking $5.2 billion from the World Bank to expand electricity generation and help the economy recover from its first contraction in 25 years. The bank’s private-sector lending arm, the International Finance Corporation, may invest about $1.3 billion in power projects and electricity distribution companies. Its political-risk insurer, the …
The World Bank’s Board of Executive Directors today approved a $ 200 million International Development Association (IDA) credit under the IDA17 Scale-up Facility for Zambia to improve selected rural roads in six of Zambia’s ten provinces. Government will finance the remaining four provinces. According to the Rural Access Index, only …
The World Bank has approved a 50 million U.S dollars grant to provide direct food assistance to counter starvation and prevent hunger-related deaths in famine-hit South Sudan. The World Bank said the Emergency Food and Nutrition Security Project will benefit a segment of the 4.9 million extremely food insecure population …
Kenya has abandoned its annuity roads financing model citing inflated costs and the slow pace of project approvals despite support from the World Bank. Transport Secretary James Macharia said contractors frustrated the programme, which the Jubilee administration had initially said would add an additional 10,000 kilometres of medium-grade urban and …
Australia and New Zealand should allow open migration for citizens of Pacific nations threatened by climate change, to boost struggling island economies and prevent a later mass forced migration, a paper from the World Bank argues. The policy paper, Pacific Possible, suggests as one climate change adaptation measure, open access …
Notwithstanding Pakistan’s challenge to Jammu and Kashmir’s 330 mw Kishanganga hydro-electric project, the Prime Minister’s Office (PMO) has directed the power ministry and the J&K; government to expedite work on the two major Kishanganga transmission lines that are to be commissioned along with the first unit of the crucial project. …
The Ministry of Environment, Climate Change and Natural Resources (MECCNR) in partnership with AGRER, a Belgian Team of Consultant with funding from African Development Bank and World Bank recently convened a stakeholder's consultative meeting on climate resilience for Technical Advisory Committees (TAC) in the North Bank Region. The forum was …
The International Solar Alliance, launched by Prime Minister Narendra Modi and French President Francoise Hollande in November 2015, will channel $300 billion in 10 years to promote renewable energy projects under a global mega fund for clean energy. The ISA was instituted to connect nearly 121 solar-resource-rich nations for research, …
The G7-backed African Risk Capacity (ARC) drought insurance policy was an experiment that failed Malawi, and in particular its women, in the face of a drought that need not have become a disaster. The insurance, for which Malawi paid US$5 million (m), failed to deliver on its promise of timely …
Rabat – The World Bank 2017 Economic Memorandum has unveiled that more than 25 percent of Moroccans do not have access to medical care, exposing the inefficiency of insurance plans. The World Bank painted a bleak picture of the healthcare in Morocco in the current year’s Economic Memorandum. The report …
Adetunji Oredipe, World Bank’s Fadama Team Leader, who disclosed this on Wednesday, said the fund is meant to revitalise the nation’s livestock sub-sector. Fadama is a Hausa word that generally means irrigable land. Mr. Oredipe said that the World Bank was working in tandem with the Nigerian government to formulate …
The World Bank on Wednesday approved 150 million dollars credit to help increase the mining sector's contribution to the Nigerian economy. The Senior Communication Officer of the bank, Ms Olufunke Olufon said in a statement in Abuja that the project would help to establish a strong foundation for mining sector …
The West African nation of Togo has battled coastal erosion for decades, but now it’s with both a new sense of urgency and new strategic partners in the fight. The wind and waves are destroying between five and 10 meters of shoreline every year, with some spots seeing 25 meters …
Kenya and the World Bank will partner to roll out a project to improve maternal, child and adolescent health, Kenyan officials said on Thursday. The five-year Transforming Health System for Universal Care (THS-UC) project will begin in October and end in September 2021 and will strengthen institutional health capacity in …
South Asia despite decreasing rates of infectious disease, accounts for a significant proportion of their global burden. The sub-continent is also in the midst of rapid economic growth; large scale changes in land use, access to water and sanitation, and agricultural production; environmental degradation; and technological transformation, all against a …
The World Bank has approved a 200 million dollars credit facility to further support Nigeria in its efforts to enhance agricultural productivity of small and medium scale farmers. In a statement in Abuja, the Word Bank Country Director, Mr. Rachid Benmessaoud said the loan was in recognition of agriculture as …
The World Bank has approved $175 million for India's National Hydrology Project which will strengthen the capacity of the existing bodies to assess the water situation and equip them with real-time flood forecast systems across the country. Apart from helping states that have already benefited from the earlier projects to …
The World Bank has approved a financing of 46 Million U.S. dollars to support Rwanda’s efforts to increase and intensify agricultural productivity and expand the development of value chains. Rwanda and the World Bank officials on Thursday signed the financing agreement, paving way for the disbursement of funds that will …
Zambia has called for increased international cooperation to achieve sustainable transportation at national and regional level. Speaking at the World Bank’s briefing on the Sustainable Mobility for all Initiative in New York, Permanent Mission of the Republic of Zambia to the United Nations Chargé d’Affaires Ad Interim Ms. Christine Kalamwina …
India's air quality deteriorated faster than ever over the five years to 2015, compared to the period before 2010, according to the State of Global Air 2017 report, recently released by the US-based Institute of Health Metrics and Evaluation (IHME), an independent global health research organisation. The report also said …
