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 …
A leading environment agency in Sharjah has rejected the recent findings of the World Bank in its Little Green Data Book identifying the UAE as the "country with the most polluted air". In a Press statement, Bee'ah asserted that contrary to the World Bank claim, the UAE is making remarkable …
Rich nations are stubbornly divided ahead of talks in Paris on Thursday to seek a deal to phase out coal subsidies in a foretaste of the difficulty of agreeing on action to curb global warming at a U.N. summit later this year. France, host of the U.N. climate summit, has …
United Nations agencies, UNICEF, WHO as well as the Washington-based World Bank have said Mozambique is part of a group of ten countries in sub-Saharan Africa that have achieved half of the targets of the Millennium Development Goals (MDGs) for reducing child mortality.In a joint report sent to APA on …
NTPC Ltd-the country’s largest public sector power utility is planning to establish wind energy projects at its three thermal power stations in Chhattisgarh including the joint venture captive power unit in Bhilai. NTPC currently has its thermal power stations in Korba and Sipat ( Bilaspur district) and another coal-based captive …
KOLKATA: The Hooghly riverfront in Kolkata will get a makeover with World Bank sanctioning funds under the National Ganga River Basin Project scheme. The Kolkata Metropolitan Development Authority (KMDA) is in the process of engaging a reputed consulting agency that will make profile the riverfront development in the Kolkata Metropolitan …
Having expanded water supply, attention has now turned to liquid waste management Addis Abeba Water & Sewerage Authority (AAWSSA) installed a 15Km liquid waste pipeline from Bethel to the Kaliti catchment area at a cost of 108 million Br. This is part of the expansion of the Kaliti catchment, which …
World Bank to provide loans for the solar projects in Delhi Solar power generation is set to gather pace in the Capital with the Delhi government ready to roll out a Solar Power Policy on the RESCO model with a target of producing 1000 MW of electricity by 2020. More …
Abuja — TO underscore commitment to the on going reform in the power sector, the Federal Government yesterday announced that it has completed the signing of the World Bank Partial Risk Guarantees (PRGs) in support of the 450 megawatts Azura-Edo Independent Power Plant (IPP). The deal was concluded on Friday, …
As demand for water grows, the world must focus on how the precious resource will be shared among farmers, the energy sector and cities if it is to achieve the United Nations' new development agenda, a World Bank expert said. The world faces a 40 percent shortfall in water supplies …
The Washington-based World Bank has told Mozambique to choose the right set of policies if it wants to achieve sustainable poverty reduction in the foreseeable future, APA can report.The bank’s report released in Maputo on Thursday stems from the fact that, despite the robust economic growth of the past two …
The Cabinet which met here today under the Chairmanship of Chief Minister, Mufti Mohammad Sayeed approved the proposal of the Relief & Rehabilitation Department for availing World Bank assistance of USD 250 Million (Rs 1500 cr approx) for the Jhelum Tawi Flood Recovery Project (JTFRP) and for signing of the …
Access to reliable energy could lift the world’s poorest populations out of poverty, the World Bank suggests. A low-carbon revolution confronting climate change could aid to end poverty in the world. In an article posted in the Guardian, Rachel Kyte, World Bank's special envoy for climate change, stated that more …
International Finance Corporation (IFC) has big plans to invest in India's renewable energy space as the sector is evolving with competitive commercial bidding unlike the subsidy-driven growth in the West, a top executive at the World Bank's investment arm said. IFC joins other global players such as Goldman Sachs, SoftBank …
A second draft framework of the World Bank, for environmental and social safeguards policies, is said to “vastly weaken protections for affected communities and the environment at the same time as the bank intends to finance more high-risk projects,” and it could have a serious impact in India, which is …
Bowing to the pressure from farmers and environmental NGOs, Sutlej Jal Vidyut Nigam Limited it is learnt to have decided to drop the idea of constructing a 38-km-long tunnel in the much-hyped 775 MW Luhri hydro project. Social activist Manshi Asher said Sutlej Bachao Jan Sangharsh Samiti activists have expressed …
Turning natural landscapes in the Caribbean into urban areas or farmland may increase the risk of people dying from floods and storms, scientists suggest. In a study published by Scientific Reports last month (8 July), researchers from Anguilla’s health ministry and the Catholic University of Louvain in Belgium investigate which …
The World Bank has unveiled a set of new social and environmental rules for its 188 member nations to receive financial assistance. According to the World Bank, the draft framework, under discussion for several years, represents "a major step forward" for the development lender that strengthens its protection of the …
The World Bank and 2030 Water Resources Group has decided to adopt a water conservation project initiated by the Aurangabad Development Forum at Gogababa Tekdi on the campus of Dr Babasaheb Ambedkar Marathwada University (Bamu) for further development. As part of its activities in India, especially Maharashtra, 2030 Water Resources …
WASHINGTON – The World Bank’s Board of Directors today approved a record investment of $700 million in guarantees for Ghana’s Sankofa Gas Project - a transformational project that will help address the country’s serious energy shortages by developing new sources of clean and affordable natural gas for domestic power generation. …
The World Bank has made a U-turn on its stance that coal is the backbone of the India's energy economy 17 years after it agreed to lend $1.03 billion to Coal India along with a Japanese lending agency. The international lender has now decided not to invest in any coal-related …
