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 …
Kampala — The World Bank has confirmed it will continue to disburse moneys to support the Water Development and Management Project (WMDP) after a mid-term review found the performance of projects under the Ministry of Water and Environment and National Water and Sewerage Corporation (NWSC) satisfactory. The bank has so …
A World Bank panel rejected a lawsuit filed against Peru which charged the nation with failing to clean up pollution tied to a smelter, the government said on Monday, but the company bringing the suit pledged to refile it immediately. New York-based Renco Group Inc sued Peru for $800 million …
India’s ambitious solar power program has received another major boost from the World Bank. The World Bank recently announced funding worth $1 billion for grid-connected and utility-scale solar power projects. The Bank has tied up with India’s largest bank — State Bank of India — for dispersal of the funds, …
The SBI and the World Bank have signed an agreement worth $ 625 million (around Rs. 4,200 crore) to support India in order to meet the mammoth power requirement while protecting the environment. The World Bank will help the SBI in financing Grid Connected Rooftop Solar Photovoltaic (GRPV) projects at …
This is the bank’s largest financing of solar for any country in the world to date. The World Bank on Thursday announced $ 1 billion in support of India’s ambitious solar generation plans, its largest financing of solar projects for any country in the world. The projects now under preparation …
World Bank Group president Jim Yong Kim called on Prime Minister Narendra Modi on Thursday as part of the Bank's efforts to explore ways to support government initiatives on nutrition and renewable energy. The Prime Minister's Office tweeted a picture of Modi with Kim, but no details are immediately available. …
In India, 400 million people live without adequate electricity access in India and yet the solar lighting market remains nascent with penetration well below five percent. To discuss this issue, India's largest CSR management company NextGen, in partnership with International Finance Corporation (IFC) and ET CSR, hosted a workshop on …
Can use excess capacity of Nepal, Bhutan, Afghanistan Regional trade in electricity can spare India from investing in 35,000 MW coal-fired capacities (at estimated $26 billion) over the next 25 years, according to a World Bank study covering all SAARC nations except the Maldives. Larger benefits will accrue through reduction …
When powerful earthquakes rocked New Zealand and Haiti in 2010, each measuring 7.0 magnitude, very different dramas unfolded: New Zealand, though hit hard, was able to start recovering relatively quickly; Haiti, meanwhile, was brought to its knees. One major reason for the difference was the role insurance played in the …
Consultations will be held with experts who will chalk out a road map to implement the "site-specific" programme. Taj Mahal and Vaishno Devi are among the 10 iconic places with higher footfalls identified by the Centre that will undergo cleaning on par with international standards for which foreign experts are …
Guwahati: Assam government has decided to constitute an expert committee to be sent to China for studying the Yellow River (Huwang He) Management Strategies and prepare a road map to stop flood and erosion caused by the Brahmaputra river here. Chairing a high-level review meeting of the Water Resources Department, …
Singapore's move to go after companies linked to fires in Indonesia that led to last year's haze is not an issue of sovereignty or national dignity, said a Ministry of the Environment and Water Resources (MEWR) spokesman on Wednesday. The ministry said its actions under the country's Transboundary Haze Pollution …
The water woes of the state capital and the suburbs may finally be addressed with the World Bank (WB) giving its nod for the taking up of the Rs 643 crore Kol Dam lift water supply scheme to cater to the growing needs of town and suburbs for the next …
Bioenergy produced from crops does not threaten food supplies, researchers funded by the U.S. government, World Bank and others said in a report on Tuesday, dealing a potential blow to critics of the country's biofuels program. There is no clear relationship between biofuels and higher prices that threaten access to …
Shimla: A team of the World Bank is expected to visit Shimla in the third week of this month in connection with a Rs 643-crore proposal that aims to improve the city's ever-deteriorating water distribution and sewerage systems. A detailed project report, submitted by the state government to draw water …
The government today formalised an agreement with World Bank arm IBRD for Global Environmental Facility ( GEF ) grant of $9.2 million for an efficient and sustainable bus service project in four cities, including Bhopal and Chandigarh. "The total programme cost is $113 million, with $9.2 million as grant from …
Water supply and sanitation projects worth $323million have been launched in Obio/Akpor communities in Rivers State. The project is jointly sponsored by the African Development Bank (AfDB), the World Bank and Rivers Government. This was contained in the May Edition of AfDB's newsletter issued by its Nigeria Country Office in …
In a major relief to Karnataka, which is facing water shortage, the Centre on Monday signed a $100 million loan agreement with the World Bank for urban water supply modernisation project in the state. The drinking water problem has aggravated in the state in recent times due to drought as …
The Government and the Federal Republic of Germany, yesterday, signed a bilateral agreement worth €15 million (about Rwf13 billion) to support energy supply in the country and the Great Lakes region. During the signing ceremony at the Ministry of Finance and Economic Planning headquarters in Kigali, the minister, Amb. Claver …
The board of World Bank has approved a $625 million loan to support the central government’s programme to generate electricity from rooftop solar power plants. The board also approved a co-financing loan of $120 million on concessional terms and a $5 million grant from the Climate Investment Fund’s Clean Technology …
