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 …
A World Bank report has challenged the conventional understanding of India’s inequality. The report, “Addressing inequality in South Asia,” has found that the probability of a poor person moving out of poverty in India in 2014 was as good as that in the U.S. “There is good news — India …
Addis Ababa — Progress driven by agricultural growth, investments in basic services and effective safety nets Agricultural growth was the main driver of poverty reduction in Ethiopia since 2000, according to the World Bank Group's latest Poverty Assessment. Poverty in Ethiopia fell from 44 percent in 2000 to 30 percent …
The World Bank sold $91 million of green bonds tied to an index of “ethical” companies, its largest offering of green bonds linked to an equity index and the first to be offered to individual investors. The securities, which don’t pay a coupon, are linked to the performance of the …
Work on India’s first river-linking project connecting the northern Ken and Betwa rivers will begin in April at the earliest, said Anuj Kumar Bishnoi, senior-most bureaucrat in the water ministry. The project that’s expected to eventually bring drinking water to 1.35 million people in the largest user of groundwater in …
World Bank President Jim Yong Kim predicted that the Indian economy was likely to grow at 6.4 per cent in the current year and accelerate further in the next year in view of the economic measures being taken by the Narendra Modi government. Promising World Bank’s support for catalysing a …
Power plants, highways, railways and seaports, meant to be the engines of India's economic growth, are now its Achilles heel. The 2014 World Economic Forum Global Competitiveness Report cites poor infrastructure as one reason it ranked India at 71 out of 144 economies in the competitiveness index. This could prove …
TON, January 7, 2015 – Faced with weaker export prospects, an impending rise in global interest rates, and fragile financial market sentiment, developing countries need to rebuild fiscal buffers to support economic activity in case of a growth slowdown, says the new edition of Global Economic Prospects, released today by …
Focus on increasing economic opportunities for SC/ST farmers The State has received a shot in the arm to boost its efforts to enhance agricultural incomes of small and marginal farmers and ensure increased access related to health, nutrition, sanitation and social entitlements. The World Bank has approved $ 75 million …
The Centre will soon bring 103 rivers under national waterways to give boost to the inland water transportation, which is largely under-utilised. Union shipping, roads and surface transport minister Nitin Gadkari said his ministry has already taken a decision of announcing 103 rivers as national waterways and the matter would …
Major questions persist over how rich countries will boost funding for poorer nations to tackle climate change in the next five years, after U.N. climate talks failed to decide on clear plans. Back in 2009, wealthy governments promised to mobilize $100 billion a year by 2020 from public, private and …
Despite the Central government team’s valuation of the damage caused by Cyclone hudhud being Rs 680 crore, Andhra Pradesh will get the Rs 1,000 crore from the Centre. Prime Minister Narendra Modi had announced that AP would get Rs 1,000 crore relief when he visited Visakhapatnam after Cyclone Hudhud hit …
Development policies become more effective when combined with insights into human behaviour, argues the World Development Report 2015: Mind, Society, and Behaviour. The report has found that policy decisions informed by behavioural economics have delivered impressive improvements in healthcare and education in parts of India. Open defecation dropped 11 per …
There is a shortage of 1,500 doctors in various hospitals, CHCs and PHCs in the state, state Health Minister Surendra Singh Negi said The World Bank will offer $121 million to Uttarakhand to improve health services in the state, which is facing shortage of doctors, Health Minister Surendra Singh Negi …
Monrovia — The World Bank has signed an additional US$115M financing grant agreement of the Ebola Emergency Response Project with the Government of Liberia (GoL). The fund will not only be used for the fight against the virus, but also for the restoration of key health services in the country. …
An agreement between the U.S. and China to curb greenhouse-gas emissions won’t slow global warming enough to prevent extreme weather that damages crops, World Bank Group President Jim Yong Kim said. President Barack Obama committed the U.S. to cut emissions more quickly under the deal, announced Nov. 12 in Beijing …
The World Bank Sunday warned extreme weather will become the "new climate normal," increasing the risk of world instability. The report, "Turn Down the Heat: Confronting the New Climate Normal," analyzes the impact of warming of 2 to 4 degrees Celsius (3.6 and 7.2 degrees Fahrenheit) above pre-industrial levels on …
The International Development Association (IDA) of the World Bank Group has agreed to provide an additional assistance of Rs 4.53 billion (equivalent to 46 million US dollars) to the Government of Nepal for the implementation of Kabeli-A Hydropower Project. Out of the total assistance, 40 million US dollars is loan …
Extending co-operation with Saarc countries, the Cabinet cleared three major proposals aiming to strengthen energy, roads and rail transport The Union Cabinet on Thursday cleared three major schemes for strengthening the country's power transmission and distribution (T&D;) network. It also cleared three major co-operation projects on energy and transport of …
Ebola has substantially impacted all sectors of employment in the Liberian economy, in both affected and non-affected counties, according to the most recent round of mobile phone surveys conducted by the World Bank Group in partnership with the Liberian Institute of Statistics and Geo-Information Services and the Gallup Organization. In …
The Gambia government through the Ministry of Agriculture over the weekend launched the Gambia Commercial Agriculture and Value Chain Management Project (GCAV) in the North Bank Region and Janjanbureh in the Central River Region. The US$19.27 million project was financed through a World Bank credit and loan, and the Gambia …
