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 Energy Department has set up a committee to prepare a draft solar policy to promote the use of solar energy in the State to support development and address the problem of energy security. The seven-member committee headed by Joint Secretary, Energy department, Sangamjit Nayak will examine the draft policy …
With Ramesh and Natarajan ousted, many fear the MoEF may go back to being a puppet ministry Is the suspected expulsion of Jayanthi Natarajan from the environment portfolio for purportedly halting projects worth Rs 10 lakh crore a step back from the nascent effort made by the UPA government to …
The World Bank (WB) has approved US$ 150 million for two projects designed to help improve connectivity and raise agricultural productivity across rural Nepal. The project, Strengthening the National Rural Transport Programme, intends to enhance the availability and reliability of transport connectivity for communities in 33 participating districts including Arghakhanchi, …
Survey for construction of Mannuthy-Amala Bypass begins The protest against land acquisition for Mannuthy-Amala Bypass has gained momentum with the beginning of the survey for construction work here. The survey of the road, to be constructed with the help of the World Bank, has been started recently. The survey is …
GMR Energy Limited has singed a Joint Development Agreement (JDA) with International Finance Corporation (IFC) of the World Bank Group, to jointly develop the Upper Marsyangdi-2 hydropower project (600 MW) in Nepal. The 600 MW Upper Marsyangdi-2 hydropower project is located on the Marsyangdi River in Manang and Lamjung districts …
The World Bank has approved a loan to improve water quality and boost waste-water services in and around Albania’s second-biggest city and primary port Durres, on the country’s west coast. The bank’s board of executive directors agreed to an International Bank for Reconstruction and Development loan of $85.3 million for …
The Bangladesh Urban Earthquake Resiliency Project, a World Bank-supported project, has developed various guidelines and roadmaps for mitigating the risks of earthquake in Dhaka, reports UNB. The World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR) have provided grant support to the government of Bangladesh for the …
Expert panel moots payment for ecosystem services The expert panel set up by the government to formulate the State’s response to the report of the Kasturirangan committee on the conservation of the Western Ghats is considering an economic compensation programme to protect the interests of farmers in the villages named …
India is set to become a global leader in the development of solar power, but several barriers need to be crossed says the World Bank Policymaking in India is more often than not credited for its high nuisance value, rather than for positively aiding growth. Whether oil & gas, power, …
National Solar Mission instrumental in bringing down cost of power The Jawaharlal Nehru National Solar Mission Phase-1 (JNNSM) is poised to make India a global leader in the development of solar power as its green growth agenda increased the installed capacity from around 30 MW to more than 2,000 MW, …
Conceived way back in 1994-95 and proposed for World Bank (WB) funding in February 2009, the ambitious gravity water supply scheme for Shimla to meet the town's additional water requirements till 2035, has been rejected by the Centre. This blow comes despite the state's Irrigation and Public Health (IPH) minister …
Israel, Jordan and the Palestinian Authority on Monday signed a water-sharing agreement that includes the building of a desalination plant on the Gulf of Aqaba and a pilot study for a pipeline linking the Red Sea with the Dead Sea, the World Bank said. The agreement brings a long-awaited Red …
The European Union on Tuesday approved a grant aid of EUR 4 million to help Maldives tackle issues related to climate change. The EU delegation to Sri Lanka and the Maldives said on Thursday that the funds would replicate ongoing projects, but with a focus on Addu and Fuvahmulah. It …
Climate change is a global phenomenon, accelerated by human activity said Parris N.Glendening, Former Governor of Maryland and president, Smart Growth America's Leadership Institute, USA here on Monday. Inaugurating the international conference on disaster mitigation and management towards sustainable development at the Periyar Maniammai University as part of the silver …
An internal analysis in the Planning Commission shows that India can eliminate the poverty gap by spending just a fraction of its annual anti-poverty budget instead of inaugurating new anti-poverty schemes. The cost of pushing all households above the poverty line would have been Rs. 55,744 crore during 2011-12 if …
The United Nations and the World Bank on Wednesday announced a concerted effort by governments, international agencies, civil society and the private sector to scale up financing to provide sustainable energy for all, with UN Secretary-General Ban Ki-moon calling for massive new investments in the face of a rising "global …
Says money raised for providing electricity to poorest nations will only go to new power sources The World Bank and United Nations today appealed for billions of dollars to provide electricity for the poorest nations but said there would be no investment in nuclear power. "We don't do nuclear energy," …
The project aimed to treat the waters of the Hatirjheel-Begunbari canal is being delayed due to a fund shortage. However, Dhaka Water Supply and Sewerage Authority (DWASA) has received $76m from the World Bank to improve the city's water supply and sewerage management. The donor agency has also promised an …
The climate talks in Warsaw may not have come up to the expectation of poor nations but it ended on a hopeful note on Sunday with negotiators taking a significant step towards reducing greenhouse gas emissions from deforestation by agreeing to result-based payment to developing countries which cut carbon by …
The World Bank (WB) will provide concessional IDA financing of $29.29 million for Northern Areas Reduction-of-Poverty Initiative (NARI) project aiming to economically empower poor women of northwestern region by facilitating their access to jobs in the RMG sector. The NARI project will offer training, transitional housing, counselling and facilitating formal …
