World Bank backs Morocco hydropower storage with $265m
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....
Tag : World Bank
World Bank approves US$700 million loan for Jordan jobs
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...
Egypt secures $1 billion World Bank reform support
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...
Syria gets US$225 million World Bank water health aid
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...
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...
OPEC Fund signs €50 million loan agreement with Montenegro
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...
WHO calls for a reset in pandemic preparedness efforts globally
MENA Newswire News Desk: The World Health Organisation (WHO) has issued a stark warning about emerging global threats, highlighting that the risk of pandemics is growing....
Bangladesh secures over $2 billion from World Bank for reform initiatives
MENA Newswire News Desk: The World Bank has pledged over $2 billion in new financing for Bangladesh this fiscal year to bolster reforms, flood response,...
UAE set for strong economic growth in 2024, World Bank predicts
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...
World Bank president advocates for inclusive development path
During the opening day of the World Governments Summit (WGS) 2024, Ajay Banga, President of the World Bank Group, delivered a compelling session titled “Delivering...