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 …
The Executive Board of the World Bank will meet in Washington on June 10 to approve financing of $577 million for Dasu hydropower project, the bank’s top official in Islamabad said on Saturday. World Bank Country Director Rachid Benmessaoud, in a meeting here with Finance Minister Ishaq Dar, said he …
The smokestacks at Kosovo’s oldest power station tower over decaying buildings and a tangle of rusty pipes, polluting the Balkan countryside and posing the first test of the World Bank’s pledge to avoid coal. The half-century-old plant near the capital, Pristina, produces a third of the nation’s electricity by burning …
TAXILA: The Punjab chief minister’s inspection team has initiated an investigation into the alleged mismanagement, embezzlement and violation of construction plan in the multimillion solid waste management project of Hassanabdal. The World Bank had provided Rs31.3 million for the project, work on which was initiated in 2009. About 10 months …
Efforts to put a value on greenhouse- gas emissions to contain global warming are being hurt as countries from Australia to Russia and Japan pull back from carbon-reduction commitments, according to the World Bank. "While some nations are taking concrete steps forward on carbon pricing, recent developments in others are …
Agreements related to different irrigation projects worth over nine billion rupees have been signed after the formation of the incumbent government. The Government of Nepal and the World Bank on March 24, 2014 signed an agreement equivalent to Rs 5.57 billion for implementing the Irrigation and Water Resource Management Project. …
Efforts to put a value on greenhouse-gas emissions to contain global warming are being hurt as countries from Australia to Russia and Japan pull back from carbon-reduction commitments, according to the World Bank. “While some nations are taking concrete steps forward on carbon pricing, recent developments in others are a …
The government is planning to launch a State-wide campaign to highlight the need to protect and improve the groundwater level, Minor Irrigation Minister Shivaraj Thangadagi said on Thursday. Thangadagi told reporters that a Groundwater Development Directorate and Authority has been established to tackle the depleting groundwater situation. He said among …
The World Bank, which funds the Kerala State Transport Project (KSTP), has made some suggestions to improve public communication and user engagement during phase-II of the project including development of mobile apps to get real time feedback from road users, project-specific websites, use of local FM radio to disseminate information …
Taking serious note of a Times of India report on toxic water causing health havoc in 80 villages of trans Ganga and Yamuna areas, the National Human Right Commission (NHRC) has asked the district administration and health department to submit a 'requisite report' on or before May 30. "We received …
A seven-member team of the Implementation Support Review (ISR) Mission of World Bank on Tuesday said the implementation of National Cyclone Risk Mitigation Project (NCRMP) in the State was satisfactory. The members, who made field visits to various cyclone shelter projects from May 12 to 15, hailed the NCRMP achievements …
An additional financial boost of USD 17.4M was received yesterday from the World Bank’s International Development Association credit. The money would be used to finance the second urban development project, in that to improve infrastructure services in northern Thimphu and support implementation of the urbanisation policies under the 11th Plan. …
After the 80 km safe corridor along the Kazhakkoottam-Taikod-Kottarakkara-Adoor route, the World Bank has now suggested dmevelopment of another 10 safe corridors across the state to demonstrate the effectiveness of the best practices in road safety. A challenge fund of around Rs 23 crore will be allotted for safety initiatives …
Kathmandu, May 16: The World Bank (WB) Group has approved financing amounting to 84.6 million US dollars for the Kabeli-A Hydroelectric Project. The financing includes a US$ 40 million credit and a US$ 6 million grant from the International Development Association (IDA) and a US$ 19.3 million loan from the …
Pakistan is taking steps for enhancing resilience and tackle common challenges due to different natural as well as man-made hazards in the light of Confidence Building Measure (CBMs) Joint Action Plan for disaster management. The action plan was decided in Regional Technical Group (RTG) meeting held in Astana Kazakhstan in …
The Centre for Environmental and Nature Studies (CENS) yesterday alleges that there is a sinister plan to sell the country’s water resources to multinational companies and the government has already planned to draw around US $110 million loan from the World Bank for the purpose. Environmentalist and National Coordinator of …
The Cabinet Committee on Public Purchase Monday approved a total of 14 proposals, including the one for the tender for setting up a 225 MW dual-fuel combined cycle power plant at Shikalbaha in Chittagong. The approval came at a meeting of the committee on public purchase at cabinet division in …
There is no doubt the climate is changing. Each of the past three decades has been warmer than the previous one, and the vast majority of scientific evidence points to this being caused by mankind's reliance on carbon-based fossil fuels. While understanding weather patterns and the risks associated with major …
Praises Maharashtra, AP, Rajasthan on other factors. A study commissioned by the Central government has found that the Gujarat government follows the best practices for acquiring land in India. The study by the department of industrial policy and promotion (DIPP) has also said that the state has the best environmental …
The government has cancelled a project to replace incandescent bulbs by energy efficient compact fluorescent lamps as the World Bank, the lending agency of the project, has withdrawn its support saying that the purpose of the project was achieved, officials said. Instead, the WB would support the government in developing …
The World Bank has approved a $12 billion loan for cash-strapped Pakistan that will be disbursed over five years, the country’s finance ministry and the global lender said on Friday, reports Reuters. The ministry said the money will target ‘energy, economy, (fighting) extremism and education’, with $1 billion being transferred …
