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 …
SHIMLA: Out of total 55,673 sq km geographic area in the state, the forest comprises 37,033 sq km, which is 4.80% of total forests in the country. According to Forest Survey of India report 2013, the state had 14,683 sq km area green cover, which was only 11,780 sq km …
Recently, the World Bank (WB) announced that it will continue working with the government and the public to sustain the success of Ethiopia to build climate resilient economy. Speaking at the official inauguration of the centre, WB representative Welela Ketema admired the Government of Ethiopia for formulating Green Economy Strategy …
Shimla, June 15: The benefits of greening the degraded land in 10 districts of the state under the World Bank-funded climate change mitigation project under Kyoto Protocol have yielding results with Himachal selling its carbon credits for the first time for Rs 1.93 crore to Spain, with an assured amount …
Over 50 percent of Pakistan''s population is living below the poverty line, a World Bank report titled "World Development Indicators (WDI) 2015" maintains. The international poverty line is two dollars a day or an income of about Rs 205 per day in local currency. The report shows that 12.7 percent …
Some 400 million people worldwide lack access to essential health services, and the cost of healthcare is forcing many into poverty, the World Bank and World Health Organization reported Friday. A new report by the bank and WHO on tracking universal health care (UHC) coverage said more people than ever …
Health expenses push six per cent of people in low and middle income countries into extreme poverty, according to a new report released here Friday by the World Health Organisation (WHO) and the World Bank. Speaking at the report's release, Tessa Tan Torres-Edejer, WHO co-ordinator of health systems financing, said …
COIMBATORE: If all goes well, Coimbatore will be the first city in Tamil Nadu to get a Bus Rapid Transport System (BRTS). The final City Mobility Plan report submitted to the commissioner of municipal administration in Chennai on June 8 found that this system was feasible for Coimbatore. The civic …
BHOPAL: World's largest solar power project proposed at Rewa in Madhya Pradesh may not receive crucial World Bank funds after the Centre asked the state to form a government-owned company to receive the loan. The state on the other hand is banking on private investors for its big-ticket project. Big …
Even as the World Bank had sanctioned another Rs 2,200 crore to the Punjab government for its ongoing project of providing 100 per cent potable water and sanitation in Punjab state that claim to utilised its first sanctioned amount of Rs 1,280 crore before the scheduled time of six months …
Enthused by the completion of a project worth Rs 1,280 crore six months before schedule, the World Bank has sanctioned another Rs 2,200 crore rural water supply and sanitation project for Punjab. Water Supply and Sanitation Minister Surjit Singh Rakhra said that this project would give impetus to the ongoing …
PUNE: Just as the urban development ministry will assist cities with population of 10 lakh plus in setting up the urban metropolitan transport authority (UMTA), it will also help them have a traffic management and information control centre (TMICC) of their own. Setting up of the traffic management centre is …
The World Bank approved $125 million to support the restoration of resilient flood protection infrastructure and the strengthening of government capacity to manage disasters and climate variability. Pakistan is vulnerable to adverse natural events and has experienced a wide range of disasters over the past 40 years, including floods, earthquakes, …
About 40% of Europe’s sharks and rays are threatened with extinction, according to the authoritative red list’s first full assessment of Europe’s 1,220 marine species. Where fish population trends could be measured, nearly a third were found to be in decline by the International Union for the Conservation of Nature …
The global target of directing $100bn to poor countries to help them cope with climate change is likely to be missed unless private sector finance is ramped up significantly, a new analysis has found. Rich countries will also have to find more money from taxpayers to fund developing countries, enabling …
A global carbon emissions pricing system pushed by top energy companies is unlikely to be a big part of any United Nations' deal to curb global warming, some experts say, because many countries have little faith in such cross-border initiatives. "All countries are relatively sceptical on international market mechanisms," said …
Against a target of $100 billion by 2020, the Fund has so far raised only $5.5 billion Even when it was agreed upon in 2010, it was considered inadequate. Nations were to pool in money into the Green Climate Fund, the financial mechanism of the UN Framework Convention on Climate …
The World Bank on Tuesday published a strategy report for Albania, stressing the priorities of the bank's program are reinstatement of macroeconomic balances, creating conditions for accelerating private sector growth, strengthening private sector management and service delivery in Albania. The program of the World Bank Group (WBG) for Albania for …
Poverty continued to decline in Tajikistan in 2014, but the rate of decline is expected to moderate in 2015-2016, according to a World Bank report released here Tuesday. Using the international poverty line of 2.5 U.S. dollars a day at purchasing power parity as a yardstick, the report said the …
THE World Bank Group has approved a US$130 million loan for Lusaka sanitation and Girls’ Education and Women’s Empowerment and Livelihood projects. World Bank country director Kundhavi Kadiresan said the board of executive directors approved a loan of US$65 million for the implementation of the Girls’ Education and Women’s Empowerment …
Rapid implementation of measures to reduce black carbon in a range of sectors would deliver multiple benefits and near term results in health, climate and other areas Reducing black carbon emissions could prevent millions of premature deaths annually and play an important role in the global fight against climate change. …
