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 …
The World Bank has warned that water scarcity, exacerbated by climate change, could impact growth, spur migration and spark conflict across the globe including in India where several regions are facing water deficit. A World Bank report 'High and Dry: Climate Change, Water and the Economy' released yesterday said the …
Farmers in Mpeketoni, Lamu County have pledged their support for the Sh21 billion wind power plant to be set up in Baharini. The wind power project is sponsored by a Kenyan firm Kenwind Holdings in partnership with a Belgian firm Electrawinds and the World Bank, through the International Finance Corporation. …
TEHRAN — Despite the fact that forests across the globe are shrinking at a rate of 0.09 percent annually Iran’s forests expanded 0.98 percent on average per year over the past 15 years, according to a report by the World Bank titled “World Development Indicators: Rural Environment and Land Use”. …
India is the largest recipient of World Bank loans and has received $52.7 bn Indian Finance Minister Arun Jaitley has called on the World Bank to continue its concessional financing until 2030 and increase the development financing and non- concessional loans to $100 billion over the next five years. During …
PNB Housing Finance has raised Rs 500 crore by issuing bonds to World Bank arm IFC for funding its green residential projects. "PNB Housing Finance has issued secured fixed rate NCDs to International Finance Corporation (IFC) to raise Rs 500 crore for funding green residential projects", the company said in …
The World Bank Group’s Climate Change Action Plan, is designed to help countries meet their Paris COP21 pledges and manage increasing climate impacts. A key focus is boosting the resilience of people and communities to climate shocks, with new efforts to expand early warning systems, climate-smart social protection, and urban …
Jaipur: The builders in the state might be able to obtain all the required permissions, including environment clearance, under one roof. After releasing the model building bylaws 2016, the secretary with ministry of urban development wrote a letter to the state to update building bylaws with a modern outlook. Following …
NEW DELHI: India has sought USD 500 million from the newly created, China-led Asian Infrastructure Investment Bank (AIIB) for solar power projects. "We have applied for USD 500 million funding from AIIB. Besides, USD 1 billion loans each from the World Bank and ADB has also been sought energy projects," …
A U.S. federal judge has dismissed a lawsuit filed by Indian fishermen and farmers who sued the World Bank over a loan for a power plant they claimed ravaged the environment. The World Bank's International Finance Corporation (IFC) is shielded by immunity and cannot be sued in the United States, …
A U.S. federal judge has dismissed a lawsuit filed by Indian fishermen and farmers who sued the World Bank over a loan for a power plant they claimed ravaged the environment. The World Bank's International Finance Corporation (IFC) is shielded by immunity and cannot be sued in the United States, …
State plans distribution of more LED bulbs Hyderabad: Having already distributed two LED bulbs to each of the 1.16 crore households in the State, AP government has now in principle proposed to illuminate the houses of SCs, STs and BCs by distributing up to 5 more LED bulbs at just …
The World Bank has approved a $500 million loan to China to support financing of projects to help control air pollution in and around Beijing. The money is part of a broader program expected to reach $1.4 billion for "green financing" over the next six years that includes another half …
Islamabad—The World Bank Group in its recently published report “Pakistan Country Snapshot” has said that the country has made impressive progress in reducing absolute poverty and improving shared prosperity. “The percentage of the population below the national poverty rate has fallen from 34.7 per cent in fiscal year 2002 to …
CHENNAI: With Hindustan Unilever and the workers of its erstwhile thermometer factory in Kodaikanal finally reaching an agreement, the focus has now shifted to the other major concern – cleaning up mercury from the factory site. Going by the draft guidance document for assessment and remediation of contaminated sites in …
MUMBAI: Canada's second largest pension fund Caisse de depot et placement du Quebec or CDPQ has announced it's India entry by appointing Anita Marangoly George, as its managing director for South Asia. The fund has also choose India as it's first emerging market to invest $150 million in country's renewable …
Kolkata: 'Jungle raj' prevails in the state, the eastern zone bench of National Green Tribunal (NGT) observed on Thursday after KMC submitted that it was awaiting World Bank funds to stop the flow of untreated sewage into Adi Ganga. The bench then ordered KMC to submit a detailed plan to …
The winning bidders will secure an option to sell their carbon credits at the ‘strike rate’ – fixed at $3.50 a tonne of CO2 equivalent emission reduction. Chennai, March 2: World Bank will auction the right, but not the obligation, to sell emission reduction credits from methane abatement projects, on …
The World Bank will hold a $20 million auction for carbon credits from projects designed to cut methane emissions, offering up to 10 times the current market value, the bank said on Monday. The auction, to be held on May 12, comes at a time when investment in carbon-cutting projects …
A government panel, set up to suggest ways to improve the ease of doing business, has recommended that ministries — including coal, mines, steel, power, petro-chemicals and environment — work out a 20-year “perspective geographical plan”, indicating preferred locations for future projects, so that environmental clearances are granted at the …
The World Bank has okayed a $100-million loan to provide 24x7 water supply to Hubballi-Dharwad. The green signal was given during a meet held on Monday and Tuesday in New Delhi between the WB and state urban development officials. T M Vijay Bhaskar, additional chief secretary (ACS), Karnataka Urban Development …
