The World Bank has approved $265 million to support Morocco’s Ifahsa Pumped Hydropower Storage Project, a 300-megawatt clean energy facility planned for the country’s north. The financing backs a major storage project designed to help...
Tag : World Bank
The World Bank approved a US$700 million loan for Jordan to support private investment, job creation and economic reforms. The financing falls under the Jordan Growth and Competitiveness Development Policy Financing II program. It supports...
CAIRO: The World Bank Group has approved US$1 billion in new financing for Egypt to support private sector-led job creation, bolster macroeconomic and fiscal resilience, and advance measures tied to a greener economy, marking the latest multilateral backing...
WASHINGTON: The World Bank’s Board of Executive Directors approved US$225 million in grant financing from the International Development Association for Syria on April 23, allocating US$150 million for water services and US$75 million for health services. The financing...
MANILA: The Asian Development Bank has launched a new multi-partner trust fund with about $25 million in initial backing to accelerate preparation of cross-border energy and transmission projects in Southeast Asia. The new vehicle, called the...
The World Bank Group hosted the second Global Digital Summit in Washington, D.C., bringing together leaders from the public and private sectors to accelerate digital transformation and bridge the global digital divide. The event underscored...
Concerns over the United States' commitment to global financial institutions are intensifying following U.S. Treasury Secretary Scott Bessent’s absence at recent G20 meetings. His no-show has fueled speculation about a potential U.S. retreat from the...
The World Bank has reaffirmed its confidence in India's economic potential, emphasizing that the country remains a key investment destination despite minor fluctuations in its growth trajectory. Speaking at the Advantage Assam 2.0 Business Summit,...
The OPEC Fund for International Development (OPEC Fund) has formalized its first collaboration with Montenegro, signing a €50 million loan agreement to bolster the nation’s fiscal stability and green transition. The agreement, announced on December...
The United Arab Emirates (UAE) is poised for accelerated economic growth in 2024, with the real gross domestic product (GDP) projected to surge by 3.9 percent, according to the Spring 2024 Gulf Economic Update (GEU)...