World Bank

Sub-Saharan Africa’s Economic Outlook 2025: Navigating Uncertainty and Aligning Policy for Sustainable Recovery

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 …

Cutting emissions

the World Bank has launched a us $150 million fund to help developing countries invest in cleaner technologies that will reduce their greenhouse gas emissions. The programme, known as the Prototype Carbon Fund, will be funded by corporations and industrial nations which will receive emission reduction certificates. "We are determined …

Banking on growth, only

Environment is very low on the list of priorities of the World Bank. It does not give grants. It lends money only to credit-worthy borrowers and to projects that promise high rates of economic return to the donor countries and the bank. Environmental projects are given low priority because the …

UNITED NATIONS

Major drug companies have joined the World Bank (WB) and the World Health Organisation (WHO) to keep research in anti-malarial drugs from winding up because of the drugs' poor commercial potential. Each year 300 million to 500 million people fall prey to malaria, and a million die, mostly in Africa. …

Strangers in their own land

following a Supreme Court order calling on state governments to finalise the pending notifications of national parks, the government of Himachal Pradesh finally

Environmental racism

health Care Without Harm, a us -based coalition of environmental groups accused the World Bank of "environmental racism' for backing projects that fund dioxin-producing medical waste incinerators in 20 countries around the world. The coalition published the report that claimed the bank funded projects in Africa, the Americas and Asia …

UGANDA

The fate of the controversial power plant at Bujagali Falls in Uganda will depend on the outcome of an ongoing study of all the country's potential hydropower project sites. The World Bank study will seek to establish which projects meet a set of recently adopted standards for funding. The controversial …

LOAN TO PAK

The World Bank will provide us $300 million during 1999-2000 to Pakistan for expanding phase-2 of the Social Action Programme (SAP). A high-level World Bank review mission will soon arrive in Pakistan to formally approve assistance. The bank had earlier disbursed US $270 million for 1998-99. The expansion of SAP-2 …

INDIA

Japan is likely to lift the ban on import of Indian mangoes after India successfully conducted vapour heat treatment to eliminate beetles present in the fruits, said S M Acharya, joint secretary in the ministry of commerce. The Union ministry of environment and forests will launch a five-point programme for …

Maternal mortality

OFFICIALS from the World Bank (wb) and the World Health Organisation (who) have reported that there has been little progress in the area of maternal mortality, mostly from easily preventable diseases. In developing countries, one in every 48 women dies from pregnancy-related omplications each year, compared to one in 4,000 …

Data to be updated

hydrological data, currently scarce in India, is expected to get a boost soon. A World Bank (wb) -funded project has set up several Hydrology Information System (his) centres in the Indian peninsular states of Andhra Pradesh, Tamil Nadu, Karnataka, Kerala, Maharashtra, Gujrat, Madhya Pradesh and Orissa. The his aims to …

and the sun shines on

the World Bank ( wb ) has cleared the second instalment of its assistance to a solar power project in West Bengal. For the first time in the world, a 26-kilowatt (kw) solar power plant with photo-voltaic cells is being set up and one or two villages are being covered …

Banking on carbon

in a crowded corner of the busy corridors at the venue for round four of the climate negotiations in Buenos Aires, a ballot box was being crammed with votes. This was an

In the dock

THE.policies of the World Bank have increased poverty and unemployment, according to an investigation done by the World Bank itself. Hungary and Uganda are considered by the World Bank as success stories - where the economies have flourished. But at two conferences, organised by the World Bank with citizens' representatives …

Nowhere to go

A Rs 56-crore World Bank (WB) plan for ecodevelopment in the Nagarhole national park has been criticised by tribal activists. The 6,888 adivasi families living in the forests see the WB plan as a threat. Though it does not insist on displacement of tribal families, the plan encourages a voluntary …

BRAZIL

Brazil has planned to conserve 2.51 million hectares (ha) of Amazon rain forest. This shows the government's commitment to the faltering preservation of the endangered tropical wilderness. The country would take financial and technical assistance from the World Bank and a conservation group, wwf International. This step would put 10 …

Sustaining boredom

The Commission on Sustainable Deve--lopment ( csd) meets every year in New York in April to take stock of the world's progress towards sustainable development. Discus-sions centre around a few select chapters of Agenda 21, the global action plan chalked out in Rio. The last csd (see Special Report: How …

Who cares for India today

A recent issue of India Today laments the tightening of state funds to the prestigious Indian Institutes of Technologies ( iit s) and the resulting problems that this is creating for the faculties and student bodies. It invokes the evil influence of the World Bank to say that Indian 'economic …

Growth aid

the World Bank ( wb ) would provide us $196.8 million for the National Agriculture Support Project to improve agricultural support technology in India. The project is expected to benefit poor farmers by improving relevant and practical agricultural technologies to help increase productivity and efficiency. It will also help bring …

BANGLADESH GET AID

The World Bank (WB) is to provide financial assistance to Bangladesh for tackling the growing menace of arsenic poisoning in this tiny southeast Asian nation. A programme is expected to be finalised by mid-1998, said Pierre Lendis Mills, WB's country chief in Bangladesh. He announced that an amount of US …

Caught in a crossfire

the World Bank's (wb's) keenness to promote an electricity generation project in Laos has come in for flak by non-governmental organisations. The project, slated to sell power to Thailand, is feared to spell doom for Laos' economy. The 681 mw Nam Theun 2 dam project is located on Theun river, …

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