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 10th African Economic Conference (AEC) has laid emphasis on better application of national tax policies to reduce the income gap between the rich and the poor, and the need to expand economic growth to agriculture and manufacturing sectors to effectively deal with oil and mineral price drops. During discussions …
A concrete track meanders past nurseries of pine saplings and sheep grazing on stubble, petering out at Dayinghan, the poorest, most remote village in the stony hills of central Shanxi, a northern province. Some of the villagers live in caves. A few chickens and ducks scratch for food amid the …
A global program backed by the World Bank aimed at studying and determining renewable energy potential across the world will now focus on three African countries. Under the Energy Sector Management Assessment Program (ESMAP), DNV GL is working to determine wind energy potential in Zambia, Tanzania, and the Maldives. The …
More alert has been sounded for the Sunderbans tiger on the climate front. Of the 12 species that the National Geographic has highlighted in its current volume on climate change, the Sunderbans tiger has been listed as one that will struggle. "Eventually, they'll need scuba gear to live in the …
If you add up all the promises of carbon emission cuts made by different countries, the total is still not big enough to prevent global temperatures from crossing the red line of 2C rise by the end of this century, according to two different analyses by scientists. Another report released …
The International Finance Corporation (IFC), the World Bank Group private sector lender, is providing $5 million to help increase access to energy in Tanzania by developing a market for mini-grids. Lutengano Mwakahesya, the Director General of Tanzania's Rural Energy Agency said last week, "We have an urgent task ahead of …
Says the actual poverty is much higher than suggested by the multilateral lender, adding there is lack of scientific basis in computing the poverty line Here in extremely unhygienic conditions, reside the workers of the thousands of small factories and workshops The government has contested the World Bank's recently released …
Why India received a pat on its back recently Even though India submitted its ‘voluntary greenhouse gas emission reduction’ to the United Nations Framework Convention on Climate Change just minutes after the clock ticked into the birthday of Mahatma Gandhi, it was still October 1 in Bonn, the headquarters of …
More funds expected from other agencies for similar works The eco-restoration of Narayanapuram Lake by the Chennai Corporation is close at hand. The civic body will restore 1.81 lakh square metres of the lake — 39,369 sq.m. on the northern side and 1,42,351 sq.m. on the southern side — at …
EVERY so often a country comes along whose economic transformation has a vast impact on the world’s climate system. For the past generation that country has been China. Next it will be India. Given India’s size and population (1.3 billion), its emissions of carbon dioxide are in relative terms still …
Lima: Finance ministers from 20 of the countries most vulnerable to climate change have launched the "V20" group to pool resources for their fight against the impact of global warming. The group, which includes some of the world's smallest and poorest countries, is a counterpoint to the G20 group of …
America has for long sought to shift the greater onus of battling climate change on the developing world. But a new study seeks to remind the richest nation on the planet to first practice what it preaches. Indian think tank, Centre for Science and Environment (CSE), has tried to bring …
The World Bank has revised the global poverty line, previously pegged at $1.25 a day to $1.90 a day (approximately Rs. 130). This has been arrived at based on an average of the national poverty lines of 15 poorest economies of the world. The poverty lines were converted from local …
The World Bank Group (WBG), today, approved a credit of $20 million for Nepal to implement the ‘Power Sector Reform and Sustainable Hydropower Development Project’. The project will help strengthen the capacity of power sector agencies in Nepal to plan and prepare hydropower generation and transmission line projects along international …
UNITED NATIONS – Chinese President Xi Jinping on Saturday pledged $2 billion for a new development fund for poor countries on a U.N. visit showcasing Beijing’s growing global role. Xi’s announcement, made in his first address to the United Nations, follows long-standing criticism from the United States and other developed …
The latest World Bank report on leveraging urbanisation in South Asia has identified "air pollution" as a big challenge for major cities in the region, including Delhi.While Delhi is the worst among 381 cities from developing countries, 19 of the 20 most polluted cities are from South Asia, the report …
India and her neighbors are going through a tortuous process of urbanization - slow, messy and partly hidden. This is seen in severe problems of livability and congestion, making cities unattractive for rural migrants. As a result, whatever benefits urban agglomerations could have offered in terms of economic advance are …
The World Business Council for Sustainable Development, a not-for-profit CEO-led body that seeks to promote sustainable development, wants to help push renewable energy growth in India. The Council met in New Delhi last week when it launched a ‘Renewable Energy Initiative’ under its global programme called ‘low carbon partnership initiative’. …
Millions of people across the world will be classed as living below the poverty line when the World Bank makes the largest revision to its global measure in a quarter of a century. The UN has said that 836m people live in extreme poverty The Bank is to raise its …
UNICEF, the World Health Organization and the World Bank Group today released updated estimates on child malnutrition, including stunting, wasting and excessive weight. These figures update the child malnutrition numbers in recently released 2015 Global Nutrition Report and today's new estimates include data from 62 new surveys from 57 countries. …
