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 …
Following the zeal to revive river Ganga and blue print presented by the Centre before the Supreme Court to take forward the Clean Ganga Mission, a dream project of Prime Minister Narendra Modi, the international funding agency World Bank has come up with its bit into it. Jharkhand Urban Infrastructure …
BEIJING – More than 82 million people in China still live on less than about $1 a day, a senior official said, despite a decades-long boom that made it the world’s second-largest economy. China’s official poverty standard is an annual income of 2,300 yuan ($375), close to the long-used benchmark …
The proposed policy is only aimed at promoting corporate profits and an attack on human rights and the environment Bangalore-based NGO Environment Support Group (ESG) has urged World Bank (WB) to withdraw its environment and social safeguards policy as it is aimed at promoting only the corporate interests. On July …
LAGOS--The World Bank has said that Nigeria will be one of 10 countries that, in the year 2030, will remain as the main contributors to global poverty. It said that the scenario requires that in Nigeria, currently contributing heavily to global poverty numbers, growth rates need to rise, but not …
Civil society organisations and activists led by Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) Wednesday raised alarm over plan by the Lagos State government to privatise water supply in the state through a World Bank-assisted Public Private Partnership (PPP) arrangement, saying it is yet another white elephant project that …
Kenya plans to introduce a 10 percent water tariff to raise funds to help develop the East African nation’s sewerage network, the Business Daily reported. The charge will be levied on consumers’ monthly water bills, the Nairobi-based newspaper reported, citing Robert Gakubia, chief executive officer of the Water Services Regulatory …
In late August, India's environment ministry rejected a proposal to build what would be the country's largest hydropower plant in a remote and pristine part of the country's northeast because of the potential damage to an area rich in biodiversity. Less than a month later and, according to two environment …
World Bank-IMF study for 2011, however, says the pace of reduction in absolute poverty has been substantial; report stresses skills training for youth as key India was home to about a third of the world's poor in 2011, according to a progress report on various social indicators from the World …
The outbreak of Ebola could cost the West African economy $32.6bn (£20.3bn) by the end of 2015 unless the epidemic is quickly contained,the World Bank has warned. The Bank said the future path of Ebola was highly uncertain and failure to adequately contain the virus would have potentially catastrophic consequences …
A new report released in Washington DC by the World Bank and International Monetary Fund (IMF) on Wednesday challenged leaders to do much more to end extreme poverty in another 16 years. The Global Monitoring Report 2014/2015, released by the World Bank, lamented the gap in living standards between those …
China took last place in an aid transparency index listing 68 donors released on Wednesday, which said the majority of the world's donors were not sharing enough information about their activities. The Asian country took last place for the second year in a row in the index compiled by Publish …
New Delhi : Investment and exports will let the Indian economy post a rather smart recovery, the International Monetary Fund said in its latest World Economic Outlook report on Tuesday, predicting an expansion of 5.6% in 2014 and a significantly higher 6.4% in 2015. It also advised India to embark …
In 2013, the World Bank Group adopted two new goals to guide its work: ending extreme poverty and boosting shared prosperity. More specifically, the goals are to reduce extreme poverty in the world to less than 3 percent by 2030, and to foster income growth of the bottom 40 percent …
The heaviest rainfall in living memory caused rivers to burst their banks and sweep away roads, bridges and homes, causing damage estimated at 1.5 billion euros ($1.88 billion). The cost means the Serbian economy is expected to contract in 2014, further complicating government efforts to rein in a budget deficit …
A leaked copy of a World Bank investigation seen by the Guardian has accused the bank of failing to protect the rights of one of Kenya’s last groups of forest people, who are being evicted from their ancestral lands in the name of climate change and conservation. Thousands of homes …
About 60 million Nigerians live in poverty, with more than half of them in the north of Africa’s most populous nation, the U.K.’s Department for International Development said. The economy has expanded at more than 5 percent a year over the past decade, Ben Mellor, head of DFID’s office in …
The Sri Lanka Climate Resilience Program to reduce the vulnerability of exposing people to climate risk and to improve the government's capacity to response effectively to hydro meteorological disasters was launched at the BMICH last week. The project costing US $ 110 million is conducted with 100 percent funding from …
At the UN's Climate Summit this week a diverse group of global leaders, from World Bank president Jim Yong Kim to California Governor Jerry Brown, spoke of the need for polluters to pay for each ton of carbon they emit. More than 1,000 companies pledged their support for the effort. …
Presence of fresh water zones below the upper saline layers in the deserts of Jaisalmer, arsenic-free aquifer after the top zone in Bihar and water-bearing aquifer at a depth of 200 metres in the hard rock areas of Tumkur, Karnataka are among some of interesting findings that emerged from Heliborne …
World Bank (WB) officials have agreed to grant a $1.5bn concessional loan to the Ministry of Housing, Utilities and Urban Communities in order to fund the social housing programme and improve villages’ sanitation system, Housing Minister Mostafa Madbouly said on Tuesday. The announcement came after Madbouly’s visit to the United …
