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 …
ISLAMABAD: “Pakistan’s urban air pollution is among the most severe in the world and it engenders significant damage to human health and the economy,” according to a newly-released report titled ‘Cleaning Pakistan’s Air’. Released by the World Bank, the report calls upon the government to make urban air quality improvement …
Mr Jaitley has fallen into the old trap of financing meaningless cleaning initiatives Listening to Finance Minister Arun Jaitley, Union Budget 2014 seemed to be a little bit of everything and lots of nothing. It is also difficult to pass a verdict on a government that has had barely 45 …
KANDY: Defence and Urban Development Ministry has planned a development project for Kandy with a World Bank credit line of USD 100,000,000. The project would be launched before the end of August 2014, an official representing the Ministry Defence and Urban Development told a meeting held at the Kandy District …
TO help pull poor African nations out of the poverty trap in line with its shared prosperity principles, the World Bank Group has announced the release of $15.3 billion lifeline to be lent out on concessionary terms for the current 2014 fiscal year. The development, which is contained in a …
ISLAMABAD: The World Bank (WB) approved Sindh Agricultural Growth Project in an amount of $76.4 million, aiming to improve the productivity and market access of small and medium producers in important commodity value chains. The project would benefit approximately 112,000 farmers covering over 66,000 hectares of land. In a statement …
Islamabad—The World Bank’s (WB) Board of Executive Directors approved the Sindh Agricultural Growth Project in the amount of US$ 76.4 million. The project aims to improve the productivity and market access of small and medium producers in important commodity value chains, said WB press statement issued here on Tuesday adding …
River Ganga will be developed as major tourist destination and navigation corridor where the tourists from across the world will be able to visit various tourism spots along the river banks from Gangotri to GangaSagar and also enjoy 'Shikara' ride. Unveiling the plan, Union tourism and culture minister Shripada Naik …
Contradictory views emerged during the National Dialogue on Ganga (Ganga Manthan) here on Monday with a majority of stakeholders, including saints and NGOs, questioning the government plan for navigation and construction of modern dams in the river basin. They sought to know how the government would ensure a “continuous and …
The European Investment Bank will grant 1.1 billion maloti ($102 million) to Lesotho to improve the country’s water and sanitation infrastructure, European Union Ambassador to Lesotho Hans Duynhouwer said. The economic bloc will work with a local committee on allocating funds to various projects to improve service delivery in urban …
WASHINGTON, DC (CMC) — The World Bank says it has committed US$10.2 billion this year to support efforts in Latin America and the Caribbean to boost economic growth and maintain historic social gains. The Washington-based financial institution said that the amount included resources from its International Bank for Reconstruction and …
The Rivers State House of Assembly has given approval to Governor Chibuike Amaechi to borrow the sum of $280 million loan from the African Development Bank (AfDB) and World Bank for water supply and sanitation projects in the state. Speaker of the state House of Assembly, Otelemaba Dan-Amachree, told lawmakers …
HIGH-POWER BOOST Fund helps middle-income countries explore options for scaling up projects in renewable sector The World Bank plans to invest $775 million in clean-energy projects across India, even as it expects that the new government’s plan to give fiscal and policy support to the sector will galvanise further investment …
With Finance Minister AMA Muhith in the chair, the cabinet committee on public purchase approved the overhauling of a troubled unit of the Ghorashal Power Plant in Narsingdi A body of ministers yesterday approved a proposal for constructing a 400MW gas-based power plant at Bibiyana in Habiganj. With Finance Minister …
Shripada Yasso Naik gave an overview of the plans for the development of river Ganga as a major tourism destination Union Minister for Water Resources, River Development and Ganga Rejuvenation Uma Bharti today said that the whole country is committed to ensure the continuous and uninterrupted flow of the River …
KATHMANDU: The World Bank (WB) is extending a support of $80 million to install solar plants of 25 megawatts in a bid to address the power crisis faced by the country. The multilateral donor agency is mulling over floating a global tender notice within the next two months seeking applications …
The World Bank is lending Sri Lanka US$ 213 million to prevent the flooding in the country's economic capital of Colombo and increase its defenses against the natural disaster to safeguard the livelihoods of city's 2.5 million people and the economic health of the entire country. The metropolitan city faces …
Between 2000 and 2010, a total of 500 million acres of land in Asia, Africa, Latin America and the Caribbean was acquired or negotiated under deals brokered on behalf of foreign governments or transnational corporations. Many such deals are geared toward growing crops or biofuels for export to richer, developed …
The project aims to double fruit production in five years and check the erratic production pattern A nod is awaited from the World Bank for an ambitious Rs 1000 crore project to boost horticulture sector in Himachal Pradesh. This is expected to add Rs 1,500 crore to the GSDP of …
Highly ambitious water grid project on Ganga and Son rivers has received the much needed fillip since the Center had green signaled it about a month ago. The expert committee from IIT-Rurkee has submitted its report and now the Department of Drinking Water and Sanitation (DWSD) is on the verge …
The world loses or wastes a staggering 25 per cent to 33 per cent of the food it produces for consumption, losses that can mean the difference between an adequate diet and malnutrition in many countries, the World Bank said in a report. "The amount of food wasted and lost …
