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 …
DH News Service, Kolar: An action plan to identify and implement various projects for an amount of Rs 551.63 lakh, released under the SFC scheme, was passed unanimously by the members of the Kolar City Municipal Council, at a special meeting organised here on Tuesday. The action plan was created, …
Sri Lanka President Mahinda Rajapaksa today launched the World Bank funded project to improve the operational efficiency of some 80 ageing dams and to establish sustainable institutional arrangements for safety management and operations and maintenance of major dams in Sri Lanka in Polonnaruwa today. World Bank has approved a US$65.33 …
Cities on rivers are most at risk from rising water caused by climate change, according to a report from the UN and the World Bank. The report, Climate Resilient Cities, gives city planners practical advice, noting that eight of the planet's ten largest cities are on rivers or seas and …
Scientists studying variations in tropical heat and rainfall since the mid-1980s have found a strong link between warm periods and a rise in the frequency of the most extreme downpours. The observed rise in the heaviest tropical rains is about twice that produced by computer simulations used to assess how …
In assessing the extent of poverty in a given country one naturally focuses on a poverty line that is considered appropriate for that country. However, poverty lines vary across countries in terms of their purchasing power, and they have an economic gradient, such that richer countries tend to adopt higher …
Afghan Leopards Threatened: After surviving decades of warfare, snow leopards in Afghanistan now face a new threat: foreigners involved in rebuilding the country. Military bases and tourist bazaars present a new market for pelts to be sold as souvenirs. Foreigners are willing to pay prices high enough to encourage impoverished …
The environment ministry and the Economic Relations Division are at loggerheads over accepting foreign loans to finance programmes on climate change adaptation. While the division is pushing for loan-based multi-donor trust fund sponsored by the World Bank, the environment ministry is pursuing grant-based bilateral funding from developed countries.
The World Bank has approved the Orissa State Road Project (OSRP) following a protracted negotiation with senior officials of the state government. The $250-million assistance will support improvement of 461 km of state arterial roads and bridges in two phases. In the first phase of the project, 204 km will …
World Bank would provide US$100m to Bangladesh in the first phase as budgetary support to help the country build food security. The assurance came yesterday after a meeting between WB Vice President for South Asia Region Isabel Guerrero and Finance Adviser Dr AB Mirza Azizul Islam at Planning Commission office …
The government is to borrow additional funds from the World Bank for several several development projects, a minister said. Cabinet approved finance agreements with the IDA branch of the World Bank to get additional funding for the North East Housing Reconstruction Project (SDR 26.2 million), for the Road Sector Assistance …
The World Bank's press release on May 20 on the launch of the Commission on Growth and Development's report quoted the Commission's chairperson, Mike Spence as saying that the report "kills off once and for all the misguided notion that you can lift people out of poverty in the absence …
Housing is the third basic need of human beings, after food and clothing. It is not the individual house alone but a habitat with other facilities like hospitals, schools, prayer halls, play ground utilities and other recreational facilities. In other words, it's the environment with all support facilities for comfortable …
- Following its lackluster performance, the Government of Nepal and World Bank (WB) have restructured the Power Development Fund (PDF). PDF will no longer exclusively invest in small and medium power projects as it was initially supposed to do. The Fund is currently studying areas in which it can most …
The World Bank said yesterday that it approved a credit of US$ 98 million from its concessionary lending arm, International Development Association (IDA) in additional finance to support the Sri Lankan government's efforts to improve its national highways, designed to lower transportation costs and travel times. The additional finance will …
The issue of theft of water from the Indus, between Chashma Barrage (in Punjab) and Guddu Barrage (in Sindh), with the help of pumping machines will be taken up in the next Indus River System Authority meeting, said Sindh Irrigation Minister Jam Saifullah Dharejo on Thursday. Talking to journalists at …
Local Government and Provincial Councils Minister Janaka Bandara Tennakoon has taken steps to provide road reforms in four Pradeshiya Sabha areas in the Anuradhapura District. Rural roads which are in a bad condition in the Pradeshiya Saba areas of Medavachchiya, Kahatagasdigiliya, Talawa and Nochchiyagama are to be underground fast reconstruction. …
THE World Bank is funding development of new financial instruments for providing home finance to the unorganised sector in the country in the light of the subprime crisis. According to the World Bank, there was confusion that the subprime crisis was caused by loans to low-income borrowers, when actually it …
Pakistan on Monday signed two agreements with the World Bank for making improvement in electricity distribution and transmission infrastructure worth 256.7 million dollars and water sector capacity building and advisory services for its efficient management worth 38 million dollars. The financing agreements for both projects were signed by acting Secretary …
