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World Bank Approves Financing for Nepal Grid Solar and Energy Efficiency Project
The World Bank today approved a US$130 million credit for the Nepal Grid Solar and Energy Efficiency Project to help address Nepal’s energy shortages that are a major constraint to economic growth and overcoming poverty. The project intends to increase
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World Bank to Promote High-Quality Innovations in Kazakhstan
The World Bank Group’s Board of Executive Directors today approved a US$88 million loan to help Kazakhstan foster innovation by promoting high-quality nationally relevant research and commercialization of technologies. The Fostering Productive Innovation Project will contribute to improving critical areas, such
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Lebanon: Developing an Internet Ecosystem to Keep Young Talent at Home
High youth unemployment has led to high economic migration from Lebanon Creating an internet workspace could help would-be entrepreneurs Lebanon is well-positioned to develop apps for international markets With youth unemployment close to 34 percent—and little domestic demand for educated
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World Bank Supports Greater Resilience to Climate Related Hazards in Mozambique
The World Bank Board of Executive Directors approved today an International Development Association (IDA)* financing in the amount of US$50 million to support climate change related reforms agreed upon between the Government of Mozambique (GoM) and the World Bank under
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World Bank: Transforming the Economy to Achieve Zero Net Emissions
To stabilize warming at less than 2 degrees Celsius, as the international community agreed in 2009, the world will have to cut greenhouse gas emissions to net zero before 2100. Economic policy will be the key to mobilizing that global
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China’s High-Speed Rail: the Rapid Growth of a New Travel Option
BEIJING – China has the world’s largest and still expanding high-speed rail (HSR) network, but whether ridership would materialize has been the subject of much debate. A new World Bank paper finds initial traffic volumes are promising, with traffic growing from
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UN-Backed Project to Help Colombian Farmers Move Away from Illicit Crops Towards Fair Trade Chocolate
A sweet new partnership between the United Nations, the Colombian and Austrian Governments and a renowned chocolate manufacturer is slated to bring free-trade practices and a critical source of income to Colombian farmers who have long relied on revenues from
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World Bank: Framing the Future of Accountancy
The main objective of Accountancy Development for Results (ADR) is to raise awareness among leaders of the accountancy profession of their significant role in advancing the World Bank’s twin goals of eradicating extreme poverty and promoting shared prosperity. Accountants and
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World Bank Commits over $1 Billion to Bangladesh
WASHINGTON – The World Bank today approved approximately $1.1 billion for three projects in Bangladesh that would benefit almost 36 million people by improving the quality of primary education, building coastal communities’ resilience to natural disaster, and increasing the nutrition and
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Wole Soyinka: A Literary Thorn in the Side of Power
As religious fanaticism increases, “the scroll of faith becomes indistinguishable from the roll call of death.” Nigerian poet and playwright Wole Soyinka (80) spoke out firmly against faith-inspired violence in a video address delivered at the World Humanist Congress –
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