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 …
Adani’s Carmichael mine has been “covertly funded” by the World Bank through a private arm that is supposed to back “sustainable development”, according to a US-based human rights organisation. Adani Enterprises acquired exploration rights for Australia’s largest proposed coalmine in 2010 with a US$250m loan from banks including India’s ICICI, …
Kampala — The World Bank has approved an action plan presented by an inspection panel for the Uganda Transport Sector Development Project (TSDP). In a statement issued last week , the Bank revealed that they had agreed on several action points with the government of Uganda. "The World Bank Management's …
To check the intensity of global warming and deforestation across the state, Delta authorities have commenced planting of no fewer than 50, 000 trees’ in various towns across the 25 Local councils in the state. The state government also disclosed that three illegal saw millers were recently arrested within Oghara …
The recent CDP report points to a corporate tailwind for India’s clean energy ambitions India Inc. is helping boost the country's ambition to reduce carbon emission. Around 80 per cent of the big companies have emission reduction targets in place, says a recent survey by Carbon Disclosure Project (CDP). According …
Having emerged on top in implementing energy conservation and efficiency measures in the country, Andhra Pradesh is now set to enact a legislation to consolidate the gains and ensure sustainability. “We are now working on a model Act for energy efficiency and conservation in the state. This is in tune …
Today, the India Innovation Lab for Green Finance (the India Lab) announced endorsement of three innovative investment vehicles that will help drive millions of dollars of needed investment to India’s clean energy and green growth targets. This announcement is in partnership with the India Lab’s public and private Lab Members, …
The World Bank and other global development lenders like the Asian Development Bank must help countries such as India to finance the shift of their coal production to more efficient technologies so they can meet their COP21 commitments, World Coal Association Chief Executive Benjamin Sporton said. By not financing coal …
Amid the World Bank report claiming air pollution in 2013 led to 1.4 million deaths, experts from 17 institutions put forward 10 solutions to "breathable air" in Indian cities, urging the launch of a "National Clean Air Mission" on the lines of Swachh Bharat Abhiyan. The experts at World Sustainable …
The spread of superbugs that are resistant to all known drug treatments could spark a global financial crisis on the level of the 2008 meltdown or worse, a World Bank-led study warned on Monday. Antimicrobial resistance is on the rise, and in the future, many infectious diseases will once again …
State disaster management director Suhas Diwase said Maharashtra is among the six states in the coastal area that has been selected for the programme. Maharashtra will be part of the unique Cyclone mitigation project for Konkan region which will be funded by the World Bank and Central government with a …
Deaths caused by air pollution cost Bangladesh economy nearly $2.6 billion in foregone labour output in 2013, which accounts for 0.58% of its GDP, says a new World Bank Report The amount compares with $1.2 billion in 1990 and the total number of air pollution-related deaths, causing human suffering and …
India lost 1.4 million lives to air pollution in 2013, while in China the toll was 1.6 million, estimates a World Bank report released on Thursday. The report, released by the World Bank and the Institute for Health Metrics and Evaluation, shows that in 2013 more than five million deaths …
Sri Lanka and the World Bank today signed three loan agreements amounting to US$ 187 million for three projects to advance disaster recovery efforts, to protect Sri Lanka's eco systems and for growth and jobs. World Bank Country Director for Sri Lanka and the Maldives Idah Pswarayi-Riddihough and Dr. R.H.S. …
Indonesia's Disaster Agency said it is confident the country's forest fires and haze of toxic smoke they send over Southeast Asia are unlikely to reach levels seen in 2015 because of favorable weather conditions and a quicker emergency response. Last year's fires were among of the worst on record, straining …
In December 2015, plantation company PT Bumi Mekar Hijau was acquitted in a civil suit the government had filed against it for letting fires ravage its land in 2014. Now, an appeals court has reversed that decision, ordering the company to pay $6 million in compensation. Environmentalists wished the company …
Research predicts African children will account for 43% of global poverty by 2030, although absolute number of poor will fall African children will make up nearly half the world’s poorest people by 2030 if nothing is done to reverse existing trends, according to a report. Despite economic growth, one in …
The Hyderabad- Bijapur road safety project is expected to finish by June next year. Hyderabad: The World Bank has in principle agreed to fund up to Rs.1300 crore for major road safety measures along primary roads in Telangana. The bank is currently funding the Hyderabad-Bijapur road project which packs trauma …
Tata Power acquires Welspun's renewable energy assets To ensure viability of its ultra mega solar energy park at Rewa, the Madhya Pradesh government will extend a state guarantee to the flagship project. Billed as the world’s largest contiguous solar park, the project entails an investment of Rs 7,500 crore. The …
The World Bank and Vietnam on Monday signed agreements under which the country will get $371 million in loans and grants to support its economic competitiveness, green growth and water management. The bank, Switzerland and Canada will give a combined $162 million loan and grant mixture to boost Vietnam's financial …
Assuming a three-year product life and a target of three lanterns per household, this corresponded to about two million jobs globally, more than... Switching from fuel-based lighting – such as firewood and kerosene lanterns – to solar-LED systems also create two million potential new jobs in developing countries like India, …
