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World Bank Group Commits US$ 5 Billion to Boost Electricity Generation in Six African Countries
The World Bank Group has committed $5 billion in new technical and financial support for energy projects in six African countries – Ethiopia, Ghana, Kenya, Liberia, Nigeria, and Tanzania—which have partnered with President Obama’s Power Africa initiative. Making the announcement on
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Why Business Leaders Support a Price on Carbon
Climate change can put the resources, supply chains, and infrastructure that companies rely on at risk, while also threatening to roll back decades of global development progress. Business leaders recognize the risks. Several have started to use an internal “shadow
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MIGA (World Bank): Islamic Finance – A Growing Source of Capital for the Developing World
The World Bank has its eye on Islamic finance, and with reason. Islamic finance’s recent globalization – in both Muslim and non-Muslim countries alike – has increased the total size of its assets to around $1.5 trillion. In both the
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New Study Adds Up the Benefits of Climate-Smart Development in Lives, Jobs, and GDP
With careful design, the same development projects that improve communities, save lives, and increase GDP can also fight climate change. A new study examines the multiple benefits for a series of policy scenarios addressing transportation and energy efficiency in buildings
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World Bank Group: “Customer is King” – Toward More Effective Development?
“Customer is King” is an old business saying that accentuates the importance of customers in every business. The private sector generally knows that satisfied customers are cheaper to serve and easier to deal with while unhappy customers will result in
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Urban Energy Efficiency Key to Mexico’s Ambitious Goals for Energy and Low Carbon Growth
Mexico sees urban energy efficiency as critical for sustainable growth, livable cities and competitiveness Ministry of Energy rolls out national municipal urban energy efficiency program with World Bank support National program to include diagnostics of energy use in 30 cities
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The World Bank Called for Tighter Economic Policies to Restore Economic Stability
In its newly released Mongolia Economic Update, the World Bank said that the Mongolian economy is facing challenges from the large balance of payments pressure and high inflation. The World Bank underscored that the economic vulnerability will likely continue under
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Bracing for Climate Change: Managing the Unavoidable and Avoiding the Unmanageable
Climate change is already happening: 900 extreme events were registered across the world last year and in Bulgaria, the frequency of natural disasters has increased significantly in the new millennium – with 10 major natural occurrences recorded between 2004 and
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Bangladesh Receives $600 Million to Improve Rural Electricity Supply
The Government of Bangladesh today signed a $600 million credit to improve the quality of electricity supply for 25 million people in the rural areas of the eastern part of Bangladesh. The credit for the Rural Electricity Transmission and Distribution Project
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Measuring Wealth to Track Sustainability
The new edition of the World Bank’s Little Green Data Book, released on World Environment Day 2014, includes a new indicator called change in wealth per capita for more than 200 countries. The World Bank Group has adopted change in
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