ADB unveils fund to speed ASEAN power grid plans
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...
Tag : World Bank
OPEC Fund signs €50 million loan agreement with Montenegro
OPEC Fund signs its first loan agreement with Montenegro, committing €50 million to bolster fiscal sustainability, climate action, and green projects, with support from the...
WHO calls for a reset in pandemic preparedness efforts globally
The WHO has warned of rising pandemic threats in a report highlighting recent disease outbreaks, including Marburg virus, Mpox, and avian influenza, and urges stronger...
Bangladesh secures over $2 billion from World Bank for reform initiatives
Bangladesh will receive over $2 billion in new funding from the World Bank this fiscal year to support reforms, flood response initiatives, and improvements in...
UAE set for strong economic growth in 2024, World Bank predicts
UAE's GDP set to surge by 3.9% in 2024, driven by oil hike and robust non-oil sectors, per World Bank....
World Bank president advocates for inclusive development path
World Bank President discusses development challenges, emphasizes streamlined processes, and outlines future priorities....
Lebanon’s grim economic outlook in World Bank’s 2024 report
Based on the World Bank's projections as of 2024, Lebanon's economic situation remains deeply concerning and "high uncertain."...
World Bank targets $10 billion climate aid for MENA by 2025
The World Bank has announced an ambitious plan to escalate climate financing in the Middle East and North Africa (MENA) region, aiming to allocate $10...
World Bank’s revised outlook for East Asia reflects China’s economic hurdles
Amid concerns about China’s economic stability and diminished global demand, the World Bank has revised its growth projections for developing East Asia and the Pacific....
Digital work revolution sees the world’s gig economy expand by 12 percent
A recent World Bank report has revealed that the ‘gig economy‘ comprises an unexpected 12% of the global labor market, surpassing previous estimates. This sector...