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 senior official of World Bank ( WB) said on Tuesday that at least 68 million of Indonesian people are at risk of poverty, as their earnings are slightly above poor families. "They may easily plunge into poverty, should they experience misfortunes such as suffering illness, hit by disaster and …
Chief Minister Akhilesh Yadav unveiled the State Road Safety Policy here Monday, saying that it will go a long way in checking road accidents and hence, saving lives in the state. The thrust of the policy would be on spreading awareness about road safety. New Zealand would assist the state …
The World Bank warned that the economic costs of the Ebola outbreak in West Africa will escalate to “catastrophic” proportions if the virus spreads, while Ghanaian President John Dramani Mahama criticized the international response to the disease. “If other countries in the vicinity in the subregion of West Africa fail …
Lord Stern, one of the world’s most influential voices on climate economics, does not mince his words when it comes to criticising those who take a narrow view of prosperity and highlighting the devastating consequences of global warming. “You have to be a complete idiot to think that GDP sums …
For years, people who worry about climate change have tried to persuade, cajole or scare governments into doing more to stop it. Nothing has made much difference. Carbon-dioxide emissions have risen relentlessly; in 2013 the level of carbon dioxide in the atmosphere increased at its fastest rate for 30 years. …
In decades of public debate about global warming, one assumption has been accepted by virtually all factions - that tackling it would necessarily be costly. But a new report casts doubt on that idea, declaring that the necessary fixes could wind up being effectively free. A global commission will announce …
OSLO/LONDON - Investments to help fight climate change can also spur economic growth, rather than slow it as widely feared, but time is running short for a trillion-dollar shift to transform cities and energy use, an international report said on Tuesday. The study, by former heads of government, business leaders, …
Protesters rallied on Monday to demand that a World Bank tribunal reject an international mining company’s claim for $300 million (185 million pounds) from El Salvador over denial of a gold mining license. El Salvador refused to issue OceanaGold Corp an extraction permit in 2006. Activists say that the company …
A planned World Bank fund will employ options to spur climate-protection investment using rules created by carbon markets. The Pilot Auction Facility for Methane and Climate Change Mitigation will use auctions “to maximize the use of limited public resources,” the Washington-based bank said today in an e-mailed statement. Investors will …
The world's six multilateral development banks promised on Thursday to do more to help emerging nations fight climate change as part of efforts to reinvigorate flagging work on a U.N. deal to limit temperature rises. In a statement before a Sept. 23 summit on global warming to be hosted by …
The World Bank seeks to expand a plan to buy emission credits from projects including those that capture heat-trapping gas at garbage dumps, underpinning demand in the carbon markets for the first time in nine years. The proposal would initially use options to help spur about $100 million in government …
The world's "disastrously inadequate response" to West Africa's Ebola outbreak means many people are dying needlessly, the head of the World Bank said on Monday, as Nigeria confirmed another case of the virus. In a newspaper editorial, World Bank President Jim Yong Kim said Western healthcare facilities would easily be …
The World Bank approved on Friday $47.95 million to help the government improve nutritional status of children under two years of age along with pregnant and lactating women in target areas. "Enhanced Nutrition for Mothers and Children" will specifically target women and the relatively high proportion of stunting that occurs …
The world is headed "down a dangerous path" with disruption of the food system possible within a decade as climate change undermines nations' ability to feed themselves, according to a senior World Bank official. Rising urban populations are contributing to expanded demand for meat, adding to nutrition shortages for the …
New roads long enough to girdle the Earth 600 times are expected to be built by 2050 and better planning is needed to protect the environment while also raising food production, a study showed on Wednesday. The study in the journal Nature showed that roads can aid farmers, especially in …
Prime Minister Muhammad Nawaz Sharif has witnessed the signing ceremony of financing agreements of $588.4 million and $76.4 million with the World Bank relating to the development of Dasu Hydropower Project and Sindh Agricultural Growth Project here Tuesday evening. The Project Agreements of Dasu Hydropower Project were signed by Chairman, …
The world is headed "down a dangerous path" with disruption of the food system possible within a decade as climate change undermines nations' ability to feed themselves, according to a senior World Bank official. Rising urban populations are contributing to expanded demand for meat, adding to nutrition shortages for the …
Farmers, horticulturalists, agricultural officials and scientists are optimistic about the proposed Rs 1,000 crore funding by the World Bank for the horticultural post-harvest modernisation project. According to sources, a World Bank team headed by consultants Mani Pathy and A Srivastva held a series of consultation with farmers, government officials and …
After the Kanyashree project’s international acclaim, it was the turn of the state government’s rural development and rural water supply system that drew the World Bank and UNICEF’s attention. Inviting the Mamata Banerjee-led West Bengal government to attend a seven-day seminar on rural development and rural water supply in Stockholm …
PANCHTHAR: Despite its professed aim to complete the project by 2014, the unusual procrastination in development of the 37.7 MW Kaweli Hydropower Project has irked locals. “For the past two years, nothing substantial has happened that could accelerate the completion of the project,” complained locals. The locals are worried that …
