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 DIPP has asked all secretaries of central ministries and chief secretaries of the states and Union Territories to simplify regulatory environment and to introduce online filing of forms so as to improve the ease of doing business on "priority basis". Listing out the steps, it said that all return …
The recent earthquake in Nepal has once again reminded us of the risks posed by natural disasters in South Asia region. In Pakistan, approximately 3 million people are affected by natural catastrophes each year, which equates to approximately 1.6 per cent of the total population. According to an analysis of …
Countries around the world can move their economies onto a path that cuts net emissions of climate-changing gases to zero at an affordable cost but they should start now, the World Bank said. The latest science says the world needs to reach zero net emissions by 2100 to stabilise global …
The World Bank today signed a $248-million loan agreement for the Punjab Rural Water and Sanitation Sector Improvement Project to help the state improve its delivery of water and sanitation services in rural areas. According to a World Bank statement, the project aims at providing a minimum of 10 hours …
About one million Turks took part on Saturday in a worldwide clean-up campaign to collect garbage from the sea and forest across the country. Themed "Let's Do It," the campaign is being simultaneously organized in more than 100 countries. People convened in several meeting points in 81 Turkish provinces to …
ISLAMABAD - Visiting Australian Foreign Minister Julie Bishop on Wednesday announced a $19 million aid package for Pakistan that includes help for border areas hit by conflict and natural disasters. Bishop made the pledge during a two-day visit to Islamabad, where she held talks with Adviser to Prime Minister on …
One of the questions raised was the details of district-wise expenditure of crores of rupees being provided by the World Bank for ‘Mid Himalayan Projects’ in 2013-14 in Himachal Pradesh.
The Jammu and Kashmir government is undertaking some crucial studies under a World Bank’s project for the state, officials said. According to documents, apart from funding reconstruction and restoration of livelihoods in flood-hit J&K;, the Washington-based multilateral finding institution has agreed to support initiatives aimed at strengthening the State’s disaster …
New report quantifies impacts of climate change on energy and water infrastructure, suggests adaption options for investment plans, and provides suggestions to increase resilience now. The impact of climate change on Africa's water and energy infrastructure will be costly, according to a new World Bank report, and immediate action is …
Abuja — The World Bank has approved 500 million dollars International Development Association (IDA) credit to improve maternal and child and nutrition services for women and children in Nigeria. This is contained in a statement by Ms Melanie Mayhew, World Bank's Communication Officer on Monday in Abuja. The statement said …
Researchers affiliated with China’s central bank have proposed creating a China Ecological Development Bank with at least 100 billion yuan ($16 billion) in capital as part of a broad plan to boost “green finance.” Discussion is continuing about whether such a bank is necessary and how it should be financed, …
A new report by the International Consortium of Investigative Journalists (ICIJ) says the projects funded by the World Bank have over the past decade physically or economically displaced 3.4 million people globally. The story is no different for India, but World Bank India claimed the projects cleared by it followed …
The World Bank Group (WBG) has announced that it would provide at least US$650 million during the next 12 to 18 months to help Guinea, Liberia and Sierra Leone recover from the devastating social and economic impact of the Ebola crisis and advance their longer-term development needs. The new WBG …
Lagos — The World Bank spent $380 million (N75.24 billion) on the development of agriculture in Lagos and some other states in the past eight years, the Lagos State government said yesterday. The Commissioner for Agriculture and Cooperatives, Mr Gbolahan Lawal, said at a ministerial press briefing on activities of …
More than three million of the world's poorest people have been forced from their homes, land and jobs over the past decade by World Bank-funded projects, an investigation showed on Thursday as the global lender vowed to review its policies. The World Bank, which aims to end extreme poverty, has …
The World Bank has repeatedly violated its own policies on protecting the rights of indigenous people by funding projects that forced nearly 3.4 million slum-dwellers, farmers and villagers from their homes and jobs over the past decade, according to documents seen by the Guardian. The projects, into which the bank …
Jim Yong Kim endorses rival development bank AIIB, saying new initiative could help end extreme poverty if it ensures high standards for projects The World Bank plans to work together with the Chinese-led Asian Infrastructure Investment Bank to fight poverty and fund infrastructure projects, the World Bank president, Jim Yong …
The $600 million Rural Electricity Transmission and Distribution project aims at ensuring reliable electricity supply to rural area, with increasing power generation capacity, reducing system loss and improving and expanding distribution network. The project, approved by the World Bank (WB) Board in February 2014, will also support substations as well …
The Guardian Media Group (GMG) is to sell all the fossil fuel assets in its investment fund of over £800m, making it the largest yet known to pull out of coal, oil and gas companies. The decision was justified on both financial and ethical grounds, said Neil Berkett, GMG chair: …
