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 …
Greenpeace India had earlier said that the targets, which were deliberated in the environment ministry as per the file noting and was also communicated by the minister to the press earlier, was lacking in the draft. The National Clean Air Programme (NCAP), which proposes multiple strategies to combat air pollution, …
In support of land reform programs, the Liberia Land Authority (LLA) in partnership with the World Bank have launched the Liberia Land Administration project to strengthen the capacity of the LLA in project management and implementation support. Report by Augustine T. Tweh, augustine.tweh@frontpageafricaonline.com The launch took place on Thursday, April …
According to the New Africa’s Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank, economic growth in Sub-Sahara Africa is projected to pick up at 3.1 percent in 2018, and a firm average of 3.6 percent in 2019 -2020. Augustine T. Tweh, augustine.tweh@frontpageafricaonline.com The …
The Minister for Finance, and Economic Planning, Dr Uzziel Ndagijimana and the World Bank Vice President for the African Region Makhtar Diop, on Wednesday, signed a $23 million (approx. Frw19bn) additional financing agreement to help reduce stunting rates among children under age 5 in 13 districts with most cases. The …
About 50 million people have escaped extreme poverty because of social safety nets, from pensions to feeding programs, the World Bank said on Wednesday. Although more welfare programmes are being introduced, including cash and public works, only 2.5 billion people worldwide are covered, despite their substantial contribution to a global …
The World Bank has said that Nigeria would need to connect between 500,000 to 800,000 new households to electricity sources every year between now and 2030 to be able to achieve her targets of universal access to electricity for its citizens. The Bank said this in a draft report of …
A report by the World Bank has disclosed that the financial deficit that Nigeria's electricity market has recorded between 2015 and 2016 when the country's electricity regulator - the Nigerian Electricity Regulatory Commission (NERC) failed to allow the market to charge cost-reflective tariff was $1.4 billion. It also stated that …
The World Bank said on Tuesday Tanzania lagged behind in expanding and sustaining basic water supply, sanitation, and hygiene (WASH) coverage. “More than 23 million citizens retrieve drinking water from unimproved sources, and 41 million people use unimproved sanitation facilities,” said the World Bank in a report launched in the …
The exodus could create a looming humanitarian crisis and will threaten the development process. Three densely populated regions of the world, including South Asia, could see internal climate migrants of over 140 million people in the next three decades if climate change impacts continue, a new World Bank Group report …
More than 140 million people in Africa, Latin America and South Asia could move to another part of their country by 2050 to escape the worsening impacts of climate change - unless urgent action is taken to curb global warming and help people adapt, the World Bank said Monday. Globally, …
Less than 2 percent of title deeds issued in Kenya since 2013 went to women, campaigners said on Tuesday, dashing hopes raised by constitutional reform granting them equal property rights. Kenya's land minister Farida Karoney said it does not yet have data on women's land ownership, which campaigners say is …
India, according to a report, incurred over USD 55 billion losses in terms of labour output caused by air pollution in 2013, which is about 0.84 per cent of its GDP, the government today said. India, according to a report, incurred over USD 55 billion losses in terms of labour …
According to the 3rd Ghana Economic Update report from the World Bank, the Agric sector has witnessed declining trends in contribution to GDP since the year 2010 while there has been a rise in the extractive industries which appears to be constraining the agricultural sector growth. Program Lead from the …
India targets 40 gigawatt solar capacity from rooftops by 2022 Rakshith Kunder is adding more solar panels to the roofs of his warehouses. He isn’t seeking to save the planet, it’s pure economics. “Solar power costs us just a third of grid power and has also reduced our diesel backup …
The World Bank has sanctioned a $375 million International Development Association credit to support Ethiopia’s goal of achieving universal electricity access by 2025. In November 2017, Ethiopia, with support from the World Bank, launched its National Electrification Programme (NEP) to strategically shift from infrastructure development to the delivery of adequate, …
The World Bank has approved an International Development Association (IDA) Credit and an IDA Scale Up Facility Credit in the total amount of $486 million equivalent for rehabilitation and upgrading of electricity transmission substations and lines in Nigeria. In a statement, the Bank said that the investments under the Nigeria …
LONDON (Reuters) - The World Bank has launched a $1.4 billion catastrophe bond covering Latin American earthquakes, the largest earthquake catastrophe bond on record, Aon Securities said on Wednesday. The multi-tranche bond would provide earthquake relief for Chile, Colombia, Mexico and Peru, Aon Securities, which structured the bond, said in …
ADDIS ABABA - In the first two years of the second Growth and Transformation Plan (GTP-II), while some 993 villages have got access to electricity, 146 towns' electric supply has been upgraded, the Ministry of Water, Irrigation and Electricity announced. The Ministry further said that during the last six months, …
Monrovia – The World Bank has provided its first development support to the new Government of Liberia headed by President George Weah with the signing of an IDA grant agreement amounting to US$24.7 million between the Bank and the Liberian Government. Finance and Development Planning Minister Samuel D. Tweah signed …
THE World Bank has collaborated with the Global Covenant of Mayors for Climate & Energy to provide technical assistance and $4.5 billion in funding to help cities around the world better prepare for and respond to the impacts of climate change, under the World Bank's City Resilience Program (CRP). Recently …
