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’s total wealth is growing and that’s a good thing, but it’s still not fixing the inequality divide, according to a new report by the World Bank. The gap between the richest and poorest nations remains large, and wealth per person around the world is growing more slowly than …
The World Bank Group has allocated over $14 billion to help weak economic activities in African Countries in order to meet the target of achieving its twin goals and delivering 2030 Agenda. World Bank Country Director, Nigeria, Rachid Benmessaoud stated at Ideas for Action Africa in Abuja, explained, it would …
To end water woes being experienced in several areas of Uttarakhand, the World Bank has agreed to finance water schemes worth Rs 975 crore in 35 semi-urban areas of Dehradun and six other districts. An agreement was signed among the Centre, state government and the World Bank. A population of …
Ethiopia’s Prime Minister Hailemariam Desalegn has rejected a call by Egypt for World Bank arbitration in a dispute over a hydroelectric dam Addis Ababa is building along its share of the Nile. The two countries are at odds over the construction of the Grand Ethiopian Renaissance Dam, with Cairo fearing …
The Ethiopian economy will maintain its growth lead for the East African region according to the latest World Bank report. The economy, however, dropped a step in growth forecast in the Sub-Saharan Africa (SSA) region, falling behind Ghana. In June 2017, the WB forecast Ethiopia as the most expansive in …
The disheartening status of solar photovoltaic modules in Malawi, southern Africa Although access to solar and other renewable energy technologies is changing the way we create and consume electricity, it seems that not everyone is getting the same level of opportunity. In Malawi, and other places in Africa, the renewable …
TOURISTS have long been drawn to Hell’s Gate National Park in Kenya by its steep cliffs, plentiful zebras and spectacular canyons. Recently there is a new attraction; a spa set amid the cliffs, with a huge pool heated by the energy stored in the Earth’s crust. Curiously, it is not …
IN MAY France’s environment ministry moved to an 18th-century mansion close to the National Assembly and Elysée Palace. The relocation—and a pretentious new name, the Ministry for Ecological and Inclusive Transition—hint at Emmanuel Macron’s desire to be seen as a global leader in the fight against climate change. Since his …
NEW DELHI: At least half of the world's population cannot obtain essential health services and each year about 100 million people, including in India, are being pushed into poverty because they have to pay for healthcare out of their own pockets. 'Tracking Universal Health Coverage: 2017 Global Monitoring Report', a …
In India an estimated 100 crore people have no health cover. Data from the National Health Profile, released in April, show that only 27 per cent Indians have health cover A report released by the World Health Organisation and the World Bank has shown that at least half of the …
PARIS: Two years after the landmark COP21 agreement signed here, Paris hosted and spearheaded the One Planet Summit on December 12. 'Make our planet great again" had been French president Emmanuel Macron's response to Donald Trump's rejection of the Paris accord. The event, aimed at sustaining momentum on climate action, …
This is after more than 100 civil society groups from over 40 countries signed a letter urging multilateral development banks, export credit agencies and governments to stop funding fossil fuels by 2020. Speaking at the currently underway One Planet Summit in Paris, World Bank Group President Jim Yong Kim, said …
Under the real-time mapping, chemical composition and analysis of the water, the depth up to which the water seeps, along with the area-wise deviation in the groundwater will also be tracked by the geologists. PUNE has been identified as one of the seven districts in the state where the groundwater …
Technology refers to the practical application of scientific knowledge for a purpose. It also includes the capability and skills required to apply the knowledge.The term technology comes from the Greek word techno, meaning art and craft, and the word logy, meaning word and speech. It was first used to describe …
The Government of Rwanda and the World Bank on Monday signed the first Energy Sector Development Policy Operation (DPO) financing agreement worth US$ 125 Million (approximately Rwf 104 Billion). The financial support which is in form of a concessional loan will enable sustainable expansion of electricity services in Rwanda. “The …
Monrovia — The Ministry of Lands, Mines and Energy (LME) and the Rural and Renewable Energy Agency of Liberia (RREA), with support from the World Bank, through the ECOWAS Center for Renewable Energy and Energy Efficiency (ECREEE), has ended a day-long workshop aimed at creating awareness and sharing information on …
Chief Executive Officer Jehlum and Tawi Flood Recovery Projects (JTFRP) Saurabh Bhagat today inaugurated a two-day workshop on procurement, environment management and environmental safeguard compliances here. The workshop is being jointly organized by JTFRP and World Bank. The workshop was attended by World Bank officials Deepak Singh Task Team Leader, …
India’s attempts at generating electricity from renewable sources have got a boost from the World Bank in the form of a $98-million loan agreement. The government signed the agreement with World Bank on Monday along with a $2-million grant agreement. Under the agreement, the Shared Infrastructure for Solar Parks Project …
Rajkot: The pollution advisory issued in Ahmedabad on Wednesday is a wake-up call for Rajkot too. The city, which has been winning accolades for its green energy initiatives, is still struggling to process the piling mount of garbage at Nakrawadi village near the city. Daily, nearly 600 tonnes of solid …
Open defecation costs Ghana over 79 million dollars a year, a 2012 World Bank report says. It is also estimated, that one in five Ghanaians defecate openly, whilst only one in seven house-holds in the country have toilet facilities. Madam Rushnan Murtaza, a representative of UNICEF, said this at the …
