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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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Central Asian Countries Pledge Action on Climate Change
Central Asia faces climate change related issues such as warmer temperatures, glacier melt, increased variability in water resources, and frequent and costly weather-related hazards. Central Asia climate change forum aims for Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan to work
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African Leaders, Business Community Push for Financing of Priority Regional Infrastructure Projects
Across Sub-Saharan Africa, poor infrastructure is a major bottleneck for sustainable development Signaling a new push and renewed commitment, the Dakar Financing Summit is focusing on regional infrastructure with a view to boosting investment and catalyzing greater cooperation By tackling
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Myanmar’s Opportunity to Double Rice Export and Reduce Poverty
New Report Advises Myanmar to Rethink its Rice Export Strategy to Expand Rice Production and Help Farmers Improve their Livelihoods. Myanmar has the potential to more than double its rice exports by diversifying and increasing rice production, opening its rice
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Shift to Solar Power Raises Incomes for Salt-mining Families in India
Example of sustainable energy future moves delegates at UN Forum. Sustainable Energy for All leaders outline financing plan to achieve goals by 2030. “We are on our way to realize ambitious energy agenda,” says World Bank President Jim Yong Kim
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Marketable Skills Set Young Women on Path to Prosperity in Nepal
Vocational training programs for young women, 16-24, in Nepal are giving them gainful employment, economic independence and bringing trust in their ability to create their own paths in life. Through the programs, women have found jobs in lucrative, non-traditional fields
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Restoring Public Confidence: Industrialising Delivery of Pension and Retirement Solutions
Over the past century, governments, as well as public and private sector pension and retirement providers, focused on expanding existing and introducing new systems with a core focus on payment of benefits. Strong investment performance limited the perceived need to
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