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 …
Government must consider compensation for victims of the devastating tropical storm that wreaked havoc mainly in Manicaland's south-eastern district early this year, leaving over 400 people dead and tens of thousands homeless, the World Bank (WB) has said. In a recent report titled: 'Zimbabwe Rapid Impact and Needs Assessment (RINA)', …
War and post-war animosities do not prevent African countries from engaging in collaborative action on global platforms What Africa did yesterday, can South Asia do tomorrow? Will South Asian countries be able to rise above their political differences and come together to fight the likes of toxic air and climate …
The World Bank estimates the direct economic losses from Cyclone Idai in Mozambique to range from $656 million-$773 million, covering damage to buildings, infrastructure and agriculture, a note sent out via the United Nations said on Thursday. In the note, dated April 4, the World Bank said its approach does …
Washington DC — Unless urgent rescue plans are employed, nine of every 10 African nations would be living in abject poverty, the World Bank has warned. Paradoxically, the same year is the global financial institution's target for ending extreme poverty worldwide. The development, that is already giving World Bank President, …
Since the last 60 years, the village has never had piped water supply or even a single hand pump to draw water. A tiny village in Uttar Pradesh has refused to vote in the national election if they do not get permanent water supply. The village is in Sonbhadra, a …
The continued dry spell across several parts of the country could depress economic growth and lead to an increase in inflation over the next one year. This is according to the latest edition of the World Bank Kenya Economic Update 2019 that calls for more policy and budgetary support for …
The World Bank has approved a $82 million grant to increase access to electricity in five of the poorest provinces of Mozambique. The provinces include Niassa, Nampula, Zambezia, Cabo Delgado and Sofala. The project is also supported through a $66 million Multi-Donor Trust Fund administered by the World Bank. With …
Millions of women worldwide are still unable to access and own land despite laws recognising their rights, researchers and campaigners said on Monday as they urged countries to bridge the gap between policy and practice. Patriarchal attitudes towards women and girls and a lack of knowledge of their own rights …
The World Bank Group, yesterday, made several announcements to scale up support for both climate adaptation and mitigation in Africa during the third One Planet Summit. The summit is being convened by President Uhuru Kenyatta of Kenya, President Emmanuel Macron of France, Interim President of the World Bank Group, Kristalina …
The World Bank will more than double its commitment to climate adaptation and mitigation in Africa over the next five years to $22.5 billion. “This region is particularly vulnerable to increasing floods, droughts and destructive storms,” World Bank Group Interim President Kristalina Georgieva said in an emailed statement Wednesday. “We …
The World Bank earlier this month approved $185 million in financing to help Bangladesh develop up to 310 megawatts (MW) of renewable energy and to mobilize private sector participation to help meet the growing electricity demand in the country. Launched on March 1, the Bangladesh Scaling-up Renewable Energy Project will …
Nairobi Metropolitan Service Improvement Project (NaMSIP) has obtained an environmental licence to build Mitumbiri Sanitary Landfill in the county, the High Court heard. Environment and Land Court Judge Grace Kemei was told that Nema had submitted a permit for the Sh1 billion solid waste management project, to be established in …
With African countries on the front lines of intensifying climate change risks, the World Bank is ramping up support through its new Action Plan on Climate Change Adaptation and Resilience, prioritizing the Sub-Saharan Africa region Since 2016, the Africa Climate Business Plan (ACBP) has delivered $17 billion to meet the …
The index measures the presence of fine particulate matter known as PM2.5, a pollutant that can fester deep in the lungs and bloodstream of human beings Seven of the top 10 most polluted cities in the world are in India, according to a new study showing South Asia’s battle with …
The World Bank, supported by Japan, Germany and Australia, has allocated up to U.S. $80 million in grants over the next six months to help fight Ebola in the Democratic Republic of Congo (DRC). The grants will cover more than half the cost of the DRC government's drive to end …
Summons Chief Secys. of all States Concerned over the lack of action pertaining to the compliance of solid waste management across the country, the National Green Tribunal (NGT) has summoned the Chief Secretaries of all States and Union Territories from March 1 onwards. A Bench headed by Justice Adarsh Kumar …
Sri Lanka will get USD 200 million from the International Bank for Reconstruction and Development (IBRD) of the World Bank to implement a project to strengthen the country's primary health care system, the Finance Ministry said. The financing agreement of the Primary Health Care System Strengthening Project was signed by …
The World Bank has set aside 5.08 trillion ($50 billion) to tackle challenges posed by climate change around the world over the next five years. The financing level, an average of $10 billion (Sh1 trillion) a year, is more than double what the global lender allocated during financial years 2015-18. …
With the consequence of climate change, it gradually extends towards inland water and soil. This scenario of gradual salinity intrusion into the coastal areas of Bangladesh is very threatening to the primary production system, coastal biodiversity and human health, said researchers. The total amount of salinity affected land in Bangladesh …
The World Bank Group today launched its Action Plan on Climate Change Adaptation and Resilience. Under the plan, the World Bank Group will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. This financing level — an average of $10 billion a year — is more than …
