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 …
Heads of state may not be part of concluding round of talks during the crucial Paris climate summit in December unlike the Copenhagen conference which failed to clinch a deal despite presence of almost all top political leaders there during final leg of negotiations six years ago. Though the host …
The World Bank said coal was no cure for global poverty on Wednesday, rejecting a main industry argument for building new fossil fuel projects in developing countries. In a rebuff to coal, oil and gas companies, Rachel Kyte, the World Bank climate change envoy, said continued use of coal was …
WASHINGTON, United States (CMC) – The World Bank is providing a US$ 6.8 million grant to help Jamaica improve the quality and use of climate related information for effective planning and action at local and national levels. The bank said that approximately 60 per cent of Jamaica’s 2.8 million residents …
Khartoum - Minister of Environment and Natural Resources, Hassan Abdul Gadir Hilal announced that his country got $ 20 million from the World Bank, as part of the bank support to the great green wall and support of the environment, and that Sudan received $ 3.8 million as first payment. …
Kenya has signed a Sh50 billion infrastructure loan with World Bank to fund part of the Eastern Africa Regional Transport, Trade and Development Facilitation Project. National Treasury Cabinet secretary Henry Rotich said the funds will be used to rehabilitation the 287 kilometere Nakodok- Loichangamatak that traverses Trans Nzoia, West Pokot …
India today singed a pact with the World Bank for $250-million financial assistance for Andhra Pradesh Disaster Recovery Project, which will help the state enhance its capacity to respond promptly and effectively in times of crisis. The financing agreement was signed by the Centre, the Andhra Pradesh government and the …
The multilateral development banks (MDBs) and IMF today signaled plans to extend more than $400 billion in financing over the next three years and vowed to work more closely with private and public sector partners to help mobilize the resources needed to meet the historic challenge of achieving the Sustainable …
PARIS: Putting money on the table for pre-2020 climate adaptation projects in poor countries, may help unlock an ambitious global pact in December, a senior World Bank official said on Thursday. Commitments of cash for the coming five years would boost goodwill from poor countries and those at high climate …
UN Secretary-General Ban Ki- moon is scheduled to host an International Ebola Recovery Conference at in New York on Friday in cooperation with the presidents of Guinea, Liberia and Sierra Leone, who are expected to be present, a spokesman announced here Monday. "The conference, which will begin at 10 a.m. …
Gross per capita annual income swells to Rs. 1 lakh. India’s GDP crossed the $2-trillion mark in 2014, according to data released by the World Bank in Washington late on Wednesday. After taking 60 years to reach the $1-trillion mark, India added the next trillion in just seven years. The …
A visiting World Bank team has rated Liberia's REDD+ initiatives as encouraging, but cautioned that 10 days is not sufficient to complete what is being envisaged for the country in terms of project preparation. The team said there were strategically two angles of the project, including development and climate change, …
The Assam government has initiated the process of undertaking seven large multi-village schemes with a total outlay of Rs 1474 crore for providing drinking water to rural areas with World Bank support. It will also construct 1,100 piped water supply schemes at an earmarked outlay of Rs 550 crore for …
ABU DHABI // Fahad Hareb, director of air quality at the Ministry of Environment and Water, said pollution levels in the UAE were safe for residents. Particle pollution levels, known as PM2.5, did not exceed measurements recommended by the World Health Organisation guidelines, he said. According to the WHO, the …
KATHMANDU, JUN 30 - The World Bank Group on Tuesday approved two credits totaling US $300 million to rebuild houses in poor, rural areas of Nepal and to provide an injection of cash for the government’s budget to help the country recover from devastating earthquake s in April and May. …
Human Rights Watch mentioned the Indian government’s 2015 crackdown on foreign-funded NGOs, particularly Greenpeace. Indian government and company officials engaged in widespread use of intimidation, including threats of physical violence and death, against outspoken members of communities that stand to be displaced or otherwise affected by World Bank-financed projects, according …
The majority of climate-specific finance offered to developing countries by the top six multilateral developments banks (MDBs) including the World Bank during the period 2011-2014 was in the form of loans. This was revealed in a report commissioned by the World Bank along with the top development banks covering Africa, …
The World Bank Group has done little to prevent or dissuade governments from intimidating critics of the projects it funds, or monitor for reprisals, Human Rights Watch said in a report. The report, “At Your Own Risk: Reprisals against Critics of World Bank Group Projects,” details how governments and powerful …
BARCELONA (Thomson Reuters Foundation) - Urgent plans to help the world's poorest people become more resilient to extreme weather and rising seas are on hold because of a lack of cash in a U.N. climate fund set up for least developed countries, amid fierce competition for limited aid. Projects awaiting …
DPR to be ready in three months, says minister Works on the KRS dam would be taken up in the next six months. As the century-old dam has been built using limestone, it has developed cracks. DH file photo The detailed project report (DPR) for the implementation of the Mekedatu …
Chief Minister Parkash Singh Badal launched the second World Bank (WB)-funded ‘Punjab Rural Water and Sanitation Sector Improvement Project’ worth Rs 2,200 crore here today. The project is aimed at improving water and sanitation services across the state. In his inaugural address, Badal thanked the World Bank, especially its Country …
