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 …
In just one year, health ministry officials have misused at least $70 million of funds provided for a major development programme primarily financed by the World Bank and the governments of Britain, Canada, Sweden and the United States, according to an official audit report. The audit of the Health Population …
PUNE: A World Bank report has pushed for wider network of bus rapid transit system (BRTS) across the country to save fuel cost, cut down on pollution and save thousands of lives lost every year in road accidents. Projecting the benefits of the Pimpri Chinchwad BRTS in the years to …
The World Bank approved an additional $15.5 million for the second phase of Lesotho’s Water Sector Improvement Project that will improve supply to about 30,000 people. The project will support the Metolong Dam and Water Supply Program, the preparation of the hydro-electric power component of phase 2 of the Lesotho …
New Delhi : With losses of state electricity boards at a staggering Rs 1.14 lakh crore, World Bank on Tuesday said power distribution in India needs sweeping reforms if it is to bring back the country to a high growth trajectory and meet its goal of expanding access to electricity …
The U.K. Green Investment Bank is in talks with the government to manage 200 million pounds ($340 million) of its international climate aid, Chief Executive Officer Shaun Kingsbury said in an interview. The bank and the government aim to reach agreement on a business plan “in the next few weeks” …
The World Bank released the first public report from its Office of Suspension and Debarment (OSD) furthering its commitment to transparency and accountability regarding its process for firms and individuals accused of fraud and corruption in the projects it finances.
Global economic output could rise by as much as an additional $2.6 trillion a year, or 2.2 percent, by 2030 if government policies improve energy efficiency, waste management and public transport, according to a World Bank report released on Tuesday. The report, produced with philanthropic group ClimateWorks Foundation, analysed the …
The roadmap planned till 2022 will outline the roles of the energy department, Gridco and GEDCOL A technical team of the World Bank will assist the state energy department to prepare a renewable energy roadmap. The roadmap, planned till 2022, will outline the roles of the energy department, state owned …
In a move that will boost the morale of social enterprises in the northeastern States, the World Bank Group has awarded $ 1.4 million to social enterprises based in Assam, Meghalaya and Mizoram. Addressing a press conference held here on Thursday, Onno Ruhl, country director, India, World Bank, said, “Through …
To rehabilitate 108 water supply schemes of water-logged areas, Punjab Government has submitted comprehensive project worth Rs 2,200 crore to the World Bank. Besides, the project would also work for improving operational performance of 1000 existing water supply schemes and for installing water treatment systems (ROs) in 250 quality affected …
Construction works of the Tokre Irrigation Project have been started with the financial support of the World Bank. The construction works of the project were started targeting irrigation facility at Devchuli Municipality area in the Nawalparasi district. Chief at the Western- Regional Irrigation Division Office, Nawalparasi, Prachand Dev Bista, said …
ALLAHABAD: A World Bank-funded project to make potable water available in the villages of ten districts in eastern UP, including Allahabad, was launched at Chanaini village in Karchana tehsil on Saturday. The 'Rural Drinking Water Supply and Sanitation Project' also aims to incorporate maintaining hygiene and cleanliness in the villages …
In what may be a serious embarrassment for the Congress government at the end of their 13 years rule in the state, Assam is among a few other states — Bihar, Jharkhand and Uttar Pradesh — which have less than 10 per cent tap water coverage. This came to light …
The Government of Assam today launched the Rs 1,474 crore Rural Water Supply and Sanitation Project for Low Income States (RWSSP–LIS) in seven districts of Assam. The World Bank is supporting this project with an International Development Association (IDA) credit of Rs 737 crore (US $240 million). IDA is the …
The World Bank has approved Rs 550-crore Development Policy Loan for Himachal Pradesh for promoting inclusive green growth and sustainable development. The credit agreement for this project was signed between the Centre, the World Bank and the state government today in New Delhi. The agreement was signed by Usha Titus, …
The World Bank's Board of Executive Directors has approved a financing package from the International Development Association (IDA), the World Bank Group's grant and low-interest arm, to help expand hydro-electricity generation in Pakistan through the development of the Dasu Hydropower Stage-I Project (DHP-I). The package consists of an IDA Credit …
Bank provides transition support of $3.5 bn to India for infra, education initiatives The World Bank will continue its concessional lending meant for poorer countries to India and has poorer countries to India and has also significantly upped the country's single-borrower limit, looking to provide a helping hand to the …
The World Bank will provide Bangladesh with additional credit of $140 million to improve and strengthen critical disaster prevention infrastructure in the coastal areas of the country. A loan agreement to this effect was signed on Monday between Bangladesh government and the Washington-based lender at the Economic Relations Division (ERD). …
ISLAMABAD: The Economic Survey for 2013-14 on Monday revealed that if the poverty line is $2 per day in line with international standards for middle-income countries, then 60.19 percent of the population fall below poverty line in Pakistan. The survey revealed that this figure is according to the World Bank’s …
