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 World Bank Group has approved an investment package of $794.5 million for the Nachtigal Hydropower project in Cameroon, to help the country reach its goal of providing access to electricity for 88% of its people by 2022. “This investment in clean energy is key to lowering the cost of …
Wealthy governments have been accused of promoting fossil fuel development in Africa at the expense of clean energy. Analysis showed 60% of public aid for energy projects was spent on fossil fuels, compared with just 18% on renewables. Oil Change International, a clean energy advocacy group that conducted the study, …
India is one of the world's most vulnerable regions to climate change India accounts for one-fifth of global deaths due to floods, according to government data that lend perspective to a new World Bank study that says climate change will lower the standards of living of nearly half of India’s …
As many as 107,487 people died due to heavy rains and floods across India over 64 years between 1953 and 2017 India accounts for one-fifth of global deaths due to floods, according to government data that lend perspective to a new World Bank study that says climate change will lower …
According to the Economic Update for Côte d’Ivoire, published today, the short- and medium-term outlook for the Ivorian economy remains positive. The economy is expected to maintain a steady trajectory, with GDP growth of 7 to 7.5% in the coming years. Titled “So Tomorrow Never Dies: Côte d’Ivoire and Climate …
NEW DELHI: Unchecked climate change will dent India’s GDP by 2.8% and depress the living standards of nearly half the population by 2050, with people living in the severe “hotspot” districts of central India, particularly Vidarbha, staring at the prospect of an over 10% dip in economic consumption. These are …
NEW DELHI: In the time that it takes you to read this article, several Indians will have escaped the clutches of extreme poverty. In fact, about 44 Indians come out of extreme poverty every minute, one of the fastest rates of poverty reduction in the world. As a result, India …
Kampala — Government must improve public spending on agriculture, implement policies and regulations, build and strengthen the current institutions if the country is to realise its agricultural output potential, a new World Bank report has recommended. The report titled "Closing the potential performance divide in Ugandan agriculture" says weak public …
Distressed by alleged corruption at the ministry of Works and Transport, the World Bank is considering cancelling a $125 million (Shs 468.8bn) grant meant to improve transport on Lake Victoria as well as upgrade access roads to the lake, writes SADAB KITATTA KAAYA. The project, Lake Victoria Transport Program (LVTP), …
Dodoma — The government has secured a Sh57 billion loan from the World Bank that will be spent on ending water woes in Dar es Salaam, the Parliament heard on Wednesday. The Minister for Water and Irrigation, Mr Isaac Kamwelwe told the House that most of the water challenges in …
The World Bank has approved 125 million U.S. dollars in financing support to two solar power projects in Morocco, local media reported Tuesday. The two projects, Noor-Midelt I and II plants, will have a total capacity of 600 and 800 megawatts, respectively, the financial daily L'Economiste reported. This financing includes …
NEW DELHI: India has registered significant improvement in an area where it has lagged — maternal deaths have reduced from 167 in 2011-13 to 130 (per 100,000 live births) in 2014-16 with Kerala leading the table, according to new data released by the registrar general of India. The maternal mortality …
The World Bank announced today a USD 140 million project to support the Tunisian government’s focus on irrigated agriculture as a means of managing scarce water resources while creating economic opportunities, especially in underdeveloped rural regions. The new project will finance the repair of irrigation systems to make them more …
Africa is rising. But at the same time, Africa is the continent with the largest number of people, (390 million) living in extreme poverty. The UN’s Food and Agriculture organization states in a new report that 124 million people in 51 countries experienced high levels of food insecurity. “Hunger and …
The agreement to be signed between the Ministry of Finance and the World Bank (WB) aims to ensure the implementation of the Government's program of diversification of funding sources for implementation of public investment programs. According to the order, published in the State Gazette, dated May 24, the coverage of …
The World Bank is to support the implementation of the Multi-Sectorial Integrated Mining Project (MSIMP) of the government with US$ 50 million, with US$ 30 million as a loan and US$ 20 million as a grant. Dr Isaac Bonsu Karikari, the Acting National Project Coordinator for the MSIMP disclosed this …
Thirsty Middle Eastern and North African countries could tap into their solar-energy potential to cope with freshwater scarcity, according to resource experts. Water could be saved by switching to renewable solar energy from fossil fuel electricity generation that uses up water, said the World Resources Institute (WRI). The findings show …
The World Bank (WB) is to establish up Climate Venture Facility (CVF) to facilitate and support Ghana’s National Climate Change Policy by mitigating up to 660,000 tons of greenhouse gas emissions in the next ten years. The facility, which is at the design phase, is an investment facility that is …
To improve nutritional status of 10 cr persons across 315 districts India on Monday signed an agreement with the World Bank for a $200 million loan for implementing the National Nutrition Mission across 315 districts of the country. Approved by the Union Cabinet last year, the mission aims at reaching …
IN MAY 2014 DOZENS of mourners attended the funeral of a healer in the Kailahun District of eastern Sierra Leone. She had died after tending to people struck by fever, vomiting and bloody diarrhoea. As women ritually washed her corpse, 14 of them contracted the virus that had killed her …
