Debt swaps could unlock $100b for climate action
Debt for climate and nature swaps, a mechanism where indebted countries receive debt relief in exchange for…
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World Bank
Vietnam secures $51.5m carbon credit payment from World Bank
Vietnam received a $51.5 million payment from the World Bank for reducing 10.3 million tonnes of CO2 between 2018…
Adenia secures $470m Africa-focused fund
Adenia Partners Ltd., a private equity firm, has secured its largest Africa-focused fund, amassing $470 million,…
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…
WB upgrades Sri Lanka’s growth outlook to 2.2% in ’24
The World Bank (WB) upgraded its forecast for Sri Lanka's economy, predicting 2.2 per cent growth in 2024 as the…
Egypt receives a $9.13m GEF grant for climate project
Egypt has received a $9.13 million grant from the Global Environment Facility (GEF) as an additional funding to…
Nigeria food bank faces dwindling supplies as inflation skyrockets
The Lagos Food Bank, vital for residents, faces dwindling supplies as inflation skyrockets in Nigeria as President…
World Bank announces more than $6b support package for Egypt
The World Bank announced on Monday plans to provide more than $6 billion in support to Egypt throughout the coming…
World Bank boosts Djibouti’s economic management with $5m
The World Bank approved on Sunday an additional $5 million for Djibouti’s economic management and statistics…
World Bank pledges $3b support to Egypt – minister
The World Bank (WB) has pledged $3 billion in support to Egypt following the country's successful negotiation of an…
