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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: 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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SWIFT Enters Into Real-Time Retail Domestic Payments
New project win to build an innovative solution for domestic payments in Australia is the first major milestone for the cooperative. SWIFT announces plans to develop real-time retail domestic payment solutions. SWIFT is creating an offering that allows domestic retail
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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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Sir Timothy Berners-Lee: Catching the World in a Web
He may not have invented the Internet, former US vice-president Al Gore did that (…), but British computer scientist Sir Timothy Berners-Lee made the World Wide Web (www) as we know it today possible by coming up with the HyperText
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