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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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World Bank Supports Efforts to Achieve Growth with Equity and to Develop Cities in Colombia
The World Bank Board of Executive Directors approved a two-loan package today totaling US$1.4 billion to strengthen economic growth with equity in Colombia, on the one hand, and increase productivity and sustainability in Colombian cities, on the other. These Development
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Mozambique Gets US$110 Million from World Bank to Improve Business Environment, Public Financial Management, and Social Protection
WASHINGTON — The World Bank Board of Executive Directors approved today US$110 million to support the Government of Mozambique’s State Budget and its poverty reduction plan (PARP). This International Development Association (IDA) funding is provided under the tenth Poverty Reduction Support
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Nearly 500,000 New Residence Visas Issued in Dubai in First Half of 2014, Indicating Flourishing Business for Real Estate
Exhibitors upbeat on growth graph of UAE property sector, based on factual demand from first renters, buyers and investors. A total of 17,289 real estate transactions worth AED 37.5 billion were conducted in the first half of 2014, according to
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Partnering to Support Uganda’s Roads PPP Program
The national road transport network is the most dominant mode of transport in Uganda. Over 90% of passenger and freight traffic travels through the network. It also provides vital transport corridors to the land-locked countries of Rwanda, Burundi, Eastern Democratic
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New World Bank Initiative to Help End Wasteful Energy Subsidies
A new World Bank-ESMAP facility helps countries develop and implement effective, sustainable energy subsidy reform programs that protect the poor from the impact of higher energy prices. Such subsidies primarily benefit higher-income earners rather than the poor, but if subsidies
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How Thailand’s Solar Power Visionary Built an Industry with a Boost from IFC
One of the winners of this year’s UN Momentum for Change awards has been transforming Thailand’s renewable energy capacity with utility-scale solar farms. To get finance flowing for what was then a new industry in the country, she worked with
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Clean Undustrialisation Critical for Africa to ‘Leapfrog’ Outdated Technologies
Africa needs a green, clean industrialization that leapfrogs outdated, polluting processes and platforms and benefits from new technologies, United Nations Secretary-General Ban Ki-moon said today as the world body marked Africa Industrialization Day. In a statement on the Day, Mr. Ban
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Participants at Cityscape Kuwait Showcase Latest Unique Projects & Services
Cityscape Kuwait, the premier real estate investment and development event in the State of Kuwait, will be opening its doors on December 7 – 9 at the Kuwait International Fairgrounds in Meshref. With less than one month until the opening,
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WB, Vietnam Sign US$ 500 Million Loan to Improve Energy Efficiency
Hanoi, November, 2014 – The State Bank of Vietnam and the World Bank today signed a US$ 500 million loan for a US$ 731.25 million operation in support of Vietnam’s energy sector. The investment will fund construction of over 1,000
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