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 …
WHEN SATELLITES TRAIN their cameras onto Africa at night, it is almost as if they are peering back to an age before electricity. The rich world is awash with great glowing orbs for the main population centres and orange tentacles for the roads that link them. But apart from speckles …
The World Bank says $5 million in emergency funding will help Madagascar finance the response to the island nation’s plague outbreak, as the death toll has reached at least 127 victims there – and threatens to spread to neighboring nations. More than 1,800 suspected cases have been reported since August …
ROME (Thomson Reuters Foundation) - Droughts wipe out enough produce to feed 81 million people every day for a year - equivalent to the population of Germany, the World Bank said on Tuesday. Although it is floods that grab the headlines and trigger aid quickly, droughts have “shockingly large and …
The International Labour Organisation (ILO) has said that global unemployment may rise by 2.8 million in 2018, with diverging trends at country and regional level. The ILO Director-General, Guy Ryder, disclosed this in a statement on its website to the International Monetary and Financial Committee at the just-concluded 2017 yearly …
The State guarantee for procurement of solar power from Rewa Ultra Mega Solar Project by the state DISCOMs was signed on Monday. The Guarantee is a unique initiative by the state Government of Madhya Pradesh for Payment Security Mechanism, which had a great role to play in the phenomenally low …
According to the report funded by WB’s International Finance Corporation (IFC), the market is largely dominated by low quality solar products. IFC’s Resident Representative in Tanzania, Uganda and South Sudan Mr Dan Kasirye said the study in general underscores low consumer awareness and knowledge of quality products facing the country …
A joint World Bank-IFC programme and innovation, Lighting Africa, has announced the launch of a two-year consumer education campaign in Tanzania to promote solar off-grid lighting and energy products in off-grid communities. The global financier underlined in a statement that solar energy and lighting products are seeing increased demand in …
The World Bank has set aside 150 million U.S. dollars as budget support to Zambia's agriculture sector, a senior government official said on Monday. Ministry of Finance Permanent Secretary Mukuli Chikuba said the funds will be provided over a three-year period, adding that the government has requested the World Bank …
The World Bank and the Vietnam’s Ministry of Industry and Trade (MoIT) have joined hands to implement a pilot auction program for solar projects. According to a local media report, the program is aimed at accelerating the development of registered projects, while simultaneously attracting new capital investment in the emerging …
PANJIM: The finalisation of the State’s Coastal Zone Management Plan (CZMP) has been delayed, as the Union Ministry of Environment, Forest and Climate Change (MoEF&CC;) is yet to demarcate the hazard line along the country’s coastal belt. The Survey of India (Department of Science and Technology), entrusted with the task …
Funding to boost the numbers of people with access to electric power and clean cooking is too low to meet the global goal for everyone to have modern, reliable and affordable energy by 2030, international organisations said on Monday. Just over 3 billion people still use traditional, solid fuels like …
Flooding and mudslide in Sierra Leone last month cost approximately $30 million to the country's economy, a report by World Bank said. According to the report presented by World Bank’s country director to Sierra Leone president Monday, the country would need about $82 million to rehabilitate and resettle affected communities …
HYDERABAD: All 72 Urban Local Bodies (ULBs) across Telangana would get a green facelift as the World Bank has come forward to provide funds to the tune of Rs 250 crore under Urban Green Environment Project. The World Bank has primarily accepted the state government’s Green Environment plan for all …
Dodoma — Tanzania in collaboration with the Democratic Republic of Congo (DR Congo), Burundi and Zambia are in talks with the World Bank (WB) to secure financial support that will help save the Lake Tanganyika. The Lake Tanganyika, which is the second deepest in the world, has had its depth …
The World Bank has said countries need to quadruple spending to $150 billion a year to deliver universal safe water and sanitation, helping to reduce childhood disease and deaths while boosting economic growth. Specifically, the report pointed out that Nigeria provided piped water to fewer than 10 per cent of …
YAOUNDE (Thomson Reuters Foundation) - The Middle East and North Africa region loses about $21 billion each year because of an inadequate supply of water and sanitation, the World Bank said on Tuesday, warning urgent action is needed to prevent ripple effects on stability and growth. Poor management of water …
Chandigarh: To find solutions for improving public transport and address the problem of ever-increasing traffic in Chandigarh, the ministry of housing and urban affairs is getting a survey conducted. The ministry, which is implementing World Bank-funded efficient and sustainable city bus services (ESCBS) project in Chandigarh and three other cities, …
The Finance Ministry and the World Bank on Wednesday signed a grant agreement of $24.64 million from the Global Environment Facility (GEF) of the World Bank for ecosystem service improvement project, said an official. The project would be financed entirely by the World Bank out of its GEF Trust Fund. …
LUSAKA – The World Bank has set aside $600 million for Zambia to invest in agriculture, energy, rural roads and budget support over the next three years as part of its appreciation of what the Southern African country was doing to realign the economy. Zambia, whose external debt portfolio hovers …
