Egypt, UNIDO host workshop on carbon border tax impact on exports
Egypt’s Foreign Ministry and the United Nations Industrial Development Organization (UNIDO) co-hosted this week a…
Browsing Tag
the World Bank
Egypt’s MSMEDA invests EGP 1.3b in green projects
Egypt's Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has financed nearly 21,000 small and micro…
Ukraine secures $15b WB loan backed by frozen Russian assets
Ukraine's Ministry of Finance signed a $15 billion loan agreement with the World Bank, backed by income from frozen…
UK commits additional funds to World Bank’s IDA
The United Kingdom (UK) has committed to a 40 per cent increase in its contribution to the World Bank’s…
WB approves $68m for Pacific states financial access
The World Bank has announced a $68 million project to support seven Pacific Island countries in maintaining access…
IFC launches “ClimaLab” to boost climate risk management in Europe
The International Finance Corporation (IFC) has launched ClimaLab, a pioneering initiative aimed at equipping…
WB launches $415m education scheme for Ukraine
The World Bank has announced a $415 million education program aimed at improving primary and secondary education in…
WB, EIB fund $260,000 for Kinshasa’s climate resilience
The World Bank and European Investment Bank have provided $260,000 in technical assistance to the City of Kinshasa…
Sint Maarten, World Bank ink $10m water enhancement pact
The Government of Sint Maarten, the National Recovery Program Bureau and the World Bank, signed a $10 million…
Republic of Congo’s economy to ‘gradually’ recover in ’24 –…
The Congolese economy is slowly recovering, with GDP growth projected to rise from 1.9 per cent in 2023 to 3.5 per…
World Bank issues $225m Amazon reforestation bond
The World Bank has successfully priced a groundbreaking 9-year, $225 million Amazon Reforestation-Linked Bond,…
Carbon credits could save $250b by 2030 – minister
Carbon credit trading could potentially reduce the global cost of implementing nationally determined contributions…
World Bank approves $500m loan for Peru’s economic reforms
The World Bank approved a US$500 million loan to support Peru in enhancing its fiscal policy and economic…
Poorest nations must triple energy to avoid climate crisis – report
The world’s poorest nations must triple their energy production by 2050 to avoid becoming major climate emitters,…
WB provides $600m for quake-hit areas in Turkey
The World Bank Board has approved $600 million in financing to aid the recovery of microenterprises devastated by…
$3T/yr needed for low-carbon transition – Yellen
US Treasury Secretary Janet Yellen emphasised the need for $3 trillion in new capital annually until 2050 to…
Egypt gets World Bank recognition for fairer market reforms
The World Bank is applauding Egypt's efforts to create a more level playing field for businesses. Stephane Guimbert…
Africa needs $1.3t annually for sustainable development – minister
Africa needs $1.3 trillion annually to meet its sustainable development needs by the end of this decade in 2030,…
World Bank endorses $138.5m loan for Namibia
The World Bank has announced on Monday its approval of a $138.5 million loan to Namibia to enhance its transmission…
World Bank to introduce $1b debut hybrid
The World Bank is planning to introduce a debut hybrid note worth up to $1 billion on the capital markets this…
UAE violates its own gas flaring ban as Cop28 host
Oil and gas fields which run by the United Arab Emirates (UAE) have been flaring gas virtually daily, as the…
Israeli attacks could lead to oil price spike – World Bank
The Israeli attacks on Gaza could trigger price hikes for raw materials like oil and agriculture products, the…
World Bank to hire new president by May
The World Bank said on Wednesday that it will hire a new president by May, since the current president David…
World Bank cuts 2023 economic growth forecasts to 1.7%
The World Bank (WB) slashed its growth forecasts for most countries and regions to 1.7 percent for 2023, compared…
World Bank’s IFC Acquires 18% Of Fawry Shares
International Finance Corporation(IFC), subsidiary of the World Bank, has acquired 18% of the Fawry Electronic Bill…
World Bank Approves Loans for Kenya-Ethiopia Power Line
The World Bank on Thursday approved loans totaling $684 million for Ethiopia and Kenya to finance a cross-border…
Fresh Hunger Crisis Hits Somalia
Poor rains and continuing conflict in Somalia are threatening the recovery from last year's famine, the charity…