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 …
NAIROBI (Thomson Reuters Foundation) - The World Bank is working with other development finance institutions to raise some $500 million (320 million pounds) to modernise weather and flood forecasting services in Africa. Daniel Kull, a disaster risk specialist with the World Bank, said it was talking to lenders, including the …
THE Federal Government in collaboration with the World Bank has earmarked $30 million to support Nigeria’s quest in the fight against climate change in the country, during an interactive meeting with development partners and donors in Abuja, Tuesday Country Director of World Bank, Dr. Marie Francoise Marie Nelly, said the …
Environmental damage in the climate change-hit islands of Sundarbans is costing India Rs 1,290 crore each year, estimates a latest World Bank report. The cost of environmental damage associated with ecosystem degradation and biodiversity loss is about Rs 6.7 billion (Rs 670 crore) annually, while the cost of health effects …
Environmental damage in the climate change-hit islands of Sundarbans is costing India Rs 1,290 crore each year, estimates a latest World Bank report. The cost of environmental damage associated with ecosystem degradation and biodiversity loss is about Rs 6.7 billion (Rs 670 crore) annually, while the cost of health effects …
KATHMANDU:The Ministry of Finance (MoF) today signed an agreement with the World Bank (WB) Group for $130 million (equivalent to Rs 12.93 billion) for implementation of ‘Grid Solar Energy and Energy Efficiency Project’.The project has two components — installing solar plant of 25 megawatts and connecting it to the national …
Cities in India and China have become iconic for air pollution challenges and the health impacts they bring. But city-dwellers in India and China are not the only ones facing worrying levels of air pollution. From Senegal to Peru, millions of people breathe polluted air every day, suffering a range …
Urbanisation, which will be an inevitable part of growth for Himachal in the coming years, will be a major challenge. Unless the urban growth is well planned, chances of gains of development for urban residents are bleak, says a recent World Bank report. The report “Social inclusion and sustainable development …
In order to keep continuously monitoring and maintaining an accurate record of depleting levels of groundwater, the government is going to install automatic water-level recorders (AWLR) in the state. The system which was tested at a few places in Allahabad, Kaushambi and Fatehpur districts, will be first installed across Agra …
With a majority of the state’s marginal farmers finding it tough to carry on with agriculture owing to different reasons, the Punjab government has sought the World Bank’s help to progress in the field of crop diversification. About 65 per cent of the Punjabis are directly dependent on agriculture. The …
The carrying capacity of the Indian Sunderbans has been exceeded, and the increased population is exerting pressure on the fragile and richest ecosystem of the world, a World Bank report has said. “The population is growing and exerting even greater pressure on fragile and recovering natural systems. As a result …
Move will boost govt's plan of generating 100,000 MW from solar energy by 2022 The World Bank is likely to disburse $500 million to the Power Grid Corporation of India for strengthening solar transmission, according to a senior executive of the state-owned company. “The World Bank has expressed its intent …
Union water resources minister Uma Bharti on Monday said the Centre has allocated Rs900 crore for the three intra-river linking projects received from Bihar, maintaining that their successful implementation would also serve as a model for other states. Of the sum, Rs500 crore has been released and the remaining Rs400 …
THE government is partnering with two financial institutions in an effort to make electricity more affordable. Kenya Power managing director Ben Chumo said World Bank and the African Development Bank will inject Sh12.2 billion each. Connection charges will drop to Sh1,160 from Sh35,000 in the partnership. Only 35 per cent …
Dodoma — AS of December, last year, the government had completed 498 water projects in the country under the Big Results Now (BRN) programme, Water Deputy Minister, Mr Amos Makalla, said on Monday. As a result, about 4.9 million people were now accessing water services under the progarmme. Mr Makalla …
The World Bank has approved a loan of $100 million to China to support water management and anti-pollution efforts for the Lijiang River in tourist city of Guilin, in south China's Guangxi Zhuang autonomous region. The project, which will run from 2015 to 2020, will focus on improving water supply, …
Soon after the Modi government announced a country-wide campaign to clean up the Ganga and its tributaries, including Bhagirathi and Alakanda, within a stipulated time frame, the Uttarakhand government on Sunday selected 15 towns and cities located within a 10 km distance from these rivers to execute 12 ambitious projects …
Himachal Pradesh has made great strides in reducing poverty and attaining best human development outcomes, but female child sex ratio, under-nutrition in children and an ageing population still remain issues of concern, says a new World Bank report. “One of the main achievements of Himachal was its success in raising …
The government’s ambitious plan of achieving 100 GW of solar capacity by 2022 has managed to enthuse foreign financial institutions to commit nearly $5 billion so far to the country’s solar mission. German bank Kreditanstalt fur Wiederaufbau (KfW) has turned out to be the biggest lender with a commitment of …
A new report released by the World Bank said Ethiopia had registered remarkable progress in eradicating poverty during the past decade. Considered one of Africa's poorest nations, Ethiopia has reduced poverty by 33 per cent since 2000, exceeding the government's previous target of 22 per cent, the World Bank found …
The Times of India newspaper carried a cartoon this month of U.S. President Barack Obama wearing a gas mask when he attends the Republic Day parade in New Delhi on Jan. 26. Next to it was table showing air quality, or rather the lack of it. New Delhi’s residents have …
