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 …
Representatives of 23 cities which could not make it to the first list have a chance to submit revised proposals to the Urban Development Ministry by April 15 Representatives of 23 cities, which could not make it to the first list of Smart Cities, will interact with officials of 20 …
Shimla: Himachal Pradesh government's plan to build a 1,000-MW solar energy park in the remote Spiti valley is facing a new challenge. Given the tough terrain of Spiti, the state government is seeking help from all corners for transmitting electricity generated at the solar park. It has sought the assistance …
Lucknow: While the state is facing one of the worst farm crises ever, experts who took part in a recent workshop organised by the World Bank and irrigation department, suiggested technologies which can predict drought. "Now the time has come for drought forecasting and the researchers have developed such a …
A financing agreement for a World Bank (IDA) assistance of $250 million for the Jhelum and Tawi Flood Recovery Project in Jammu and Kashmir was signed today. The Finance Ministry said the project would focus on restoring critical infrastructure using best practices on resilient infrastructure. The primary beneficiaries would be …
The World Bank usually tames wild economies and helps countries stabilize their fluctuating finances, but in a global first, the banker for the world has gone to a zoo that too in India! This is a new addition in the portfolio of the bank as part of its ever-expanding work …
Says gains of higher growth, more jobs and better public services also short of expectation, recommends more focus on access Despite rapid adoption of digital technologies across the world, the anticipated dividends of higher growth, job creation and better public services are well short of expectation, says the World Bank …
RIO DE JANEIRO – Brazil made important progress against poverty and chronic inequality during the decade 2004-2014, but could have done even more before the onset of the current economic crisis, according to a study released Wednesday. “The intensity of changes could have been greater, particularly in the area of …
The World Country Manager in Sierra Leone Parminder Brar has announced a $44.3 million for Sierra Leone.Brar said $30 million will go to budget support while $14 million is for the Bank’s cash transfer project targeting extremely poor people, under the Social Safety Net project. He said this will extend …
The World Bank has approved a $1.5 billion loan programme for Modi government's Swachh Bharat Abhiyan (SBA) or Clean India Mission, a programme that aims to ensure improved access to sanitation facilities for millions of Indians. "The programme will help accelerate results in India's states by giving them performance-based incentives," …
In some circles in India, the World Bank has a bad reputation for acting in the name of the poor but in the service of the global business elite. Anyone who believes that this is always the case should read Shock Waves, by Stephane Hallegatte and co-authors, published by the …
In some circles in India, the World Bank has a bad reputation for acting in the name of the poor but in the service of the global business elite. Anyone who believes that this is always the case should read Shock Waves, by Stephane Hallegatte and co-authors, published by the …
The African Union New Partnership for Africa's Development (NEPAD) launched today the African Resilient Landscapes Initiative (ARLI). This initiative will be implemented through forest and ecosystem restoration, biodiversity conservation, climate smart agriculture, and rangeland management. The World Bank Group and World Resources Institute will, as main partners, support the mobilization …
More than a dozen African countries have joined an “unprecedented” $1.6bn (£1bn) initiative to boost development and fight climate change by restoring 100m hectares (247m acres) of forest across the continent over the next 15 years. The African Forest Landscape Restoration Initiative – known as AFR100 – was launched on …
ISLAMABAD: An amount of $3 billion has been invested in the field of renewable energy over the past one year, indicating the investment potential and interest of investors in the sector. This was said by Chief Executive Officer of the Alternative Energy Development Board (AEDB), Amjad Ali Awan, on Sunday. …
Washington: The World Bank announced today a plan to help Africa weather climate shocks that requires USD 16.1 billion in financing through 2020. The goal is to raise the money from several development organizations, countries and private partners, with the International Development Association, the World Bank arm that supports the …
The World Bank allocated 32 million euros (34.09 million U.S. dollars) to improve the efficiency of care in Albanian hospitals, according to Albanian Minister of Health Ilir Beqaj and World Bank country manager Tahseen Sayed. "A total of 8 million euros is expected to be spent on pediatric services," Beqaj …
The World Bank Group today unveiled a new plan that calls for $16 billion in funding to help African people and countries adapt to climate change and build up the continent's resilience to climate shocks. Titled Accelerating Climate-Resilient and Low-Carbon Development, the Africa Climate Business Plan will be presented at …
Banks may soon chase you to fund installation of solar panels on your rooftop, and that too at concessional rates. The finance ministry has advised banks to "encourage" home loan or home improvement loan applicants to install rooftop solar photovoltaic systems and include the equipment cost in the home loan. …
The World Bank projects a 1,5 to 2˚Celsius temperature increase as a result of climatic change by 2030, a situation that threatens food security in sub-Saharan Africa. The increase is set to trigger a 40% to 80% reduction in the production of maize, millet and sorghum, as the temperatures would …
KOLKATA: State-run Coal India (CIL) will invest Rs 6,000 crore to set up 1,000 MW of solar power generation capacity over the next five to six years, according to a senior company executive. "We will fund 70% of the project cost through debt, which will come mostly from banks, while …
