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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More