Monday February 19, 2018 13:11

THE WORLD BANK Press Releases

Nigeria: World Bank Approves $486 Million to Improve Nigeria Electricity Transmission Network and Stcoks—16 Feb 18

WASHINGTON, February 15, 2017 – The World Bank today approved an International Development Association (IDA)* Credit and an IDA Scale Up Facility Credit in the total amount of $486 million equivalent for rehabilitation and upgrading of electricity

World Banks Commitment to Iraq Reaches US$4.7 Billion Stcoks—15 Feb 18

Kuwait- The World Bank Group and the Government of Iraq signed two projects today totaling US$510 million to help the Iraqi people by improving living conditions, enhancing water supplies, and creating jobs. The two projects along with the ongoing US$750

Building Resilience into Development: Pioneering Earthquake Bonds Reinforce World Bank Leadership Stcoks—09 Feb 18

Washington, DC, February 8, 2018—The World Bank, the leading provider of natural disaster risk insurance for emerging and developing countries, has issued catastrophe bonds that will provide a total of US$1.36 billion in earthquake coverage to

Cote dIvoire Economic Update: Skilled Labor Force and Connectivity Needed to Modernize Stcoks—09 Feb 18

ABIDJAN, February 8, 2018? With a GDP growth rate projected to reach 7?percent in 2018 and 2019, Cote d'Ivoire continues to be one of the most dynamic economies in Africa. The sixth Economic Update for Cote d'Ivoire, launched today by the World Bank

World Bank Affirms Position as Largest Sovereign Risk Insurance Provider with Multi-Country Stcoks—08 Feb 18

Washington, DC, February 7, 2018—The World Bank (International Bank for Reconstruction and Development) issued sustainable development bonds that collectively provide US$1.36 billion in earthquake protection to Chile, Colombia, Mexico and

Kazakhstan Launches Online Platform for Monitoring and Reporting Greenhouse Stcoks—06 Feb 18

ASTANA, February 5, 2018 – An online platform for monitoring, reporting and verifying emission sources and greenhouse gases (GHG) was officially launched today by the Ministry of Energy of the Republic of Kazakhstan and the World Bank. The platform

World Bank Group Announces Debarment of Three Companies in Argentina Stcoks—02 Feb 18

WASHINGTON, February 1, 2018— The World Bank today announced the debarment of three companies – Gavinor, S.R.L., J.C. Segura Construcciones S.A., and a joint-venture, Constructura J.C. Segura Construcciones S. A.-Gavinor S.R.L.-UTE –

More than 1 billion women lack legal protection against domestic sexual violence, finds World Bank Stcoks—02 Feb 18

WASHINGTON, February 1, 2018 – More than one billion women lack legal protection against domestic sexual violence, says new research from the World Bank. The study, Global and Regional Trends in Women's Legal Protection Against Domestic Violence

World Bank Helps Bangladesh Modernize Cash Transfer Programs for Its Most Vulnerable Stcoks—01 Feb 18

DHAKA, January 31, 2018 – The World Bank today approved a $300 million financing to improve the transparency and efficiency of major cash transfer programs in Bangladesh. This will benefit about 5 million of the country's poorest and most

Ministry of Finance and the World Bank Sign Project to Improve Management of Public Stcoks—29 Jan 18

KABUL, JANUARY 28, 2018— HE Eklil Hakimi, Minister of Finance and Shubham Chaudhuri, World Bank Country Director for Afghanistan in presence of HE Mohammad Ashraf Ghani, President of Afghanistan and High Economic Council members today signed an

Haiti: New WB Report Calls for Strengthening Urban Resilience Stcoks—24 Jan 18

PORT-AU-PRINCE, January 23, 2018 – A new report issued today by the World Bank reveals that Haiti is the third most urbanized country in Latin America and the Caribbean, just after Trinidad and Tobago, and Mexico. According to the report, "Haitian

Germany Contributes EUR 25.6 Million Towards Urban Resilience in Somalia Stcoks—24 Jan 18

MOGADISHU, January 23, 2018—The German Government announced its commitment of EUR 23.4 million to support infrastructure work in Somalia. Channeled through the World Bank's Multi Partner Fund (MPF) the contribution will strengthen municipal

Better Management of Public Expenditures Delivers Improved Public Services for Citizens in Stcoks—23 Jan 18

TIRANA, January 22, 2018 - The World Bank and the Ministry of Finance and Economy presented today the latest Public Expenditure and Financial Accountability (PEFA) Assessment for Albania. The report presents an up-to-date diagnostic of the national-level

Project Signing: Government of India and World Bank Sign $120 million Agreement to Improve Access Stcoks—23 Jan 18

New Delhi, January 22, 2018 – The Government of India, the Government of Uttarakhand and the World Bank Board today signed a $120 million loan agreement which will help increase access to improved water supply services in peri-urban areas in the

Nepal, World Bank Sign Three Agreements Totaling $440 Million Stcoks—22 Jan 18

KATHMANDU, January 21, 2018 – The Government of Nepal and the World Bank today signed three financing agreements for $440 million in Kathmandu to invest in the country's post-earthquake housing reconstruction, livestock innovation, and technical

Central Bank of Somalia and Somali Financial Institutions Take Crucial Steps to Modernize Banking Stcoks—19 Jan 18

NAIROBI, January 18, 2018— The Central Bank of Somalia (CBS) and Somali Financial Institutions (SFIs) are taking crucial steps to modernize national payments systems. Supported by the World Bank, the CBS and private financial institutions are

Improving Tax Collection in the Dominican Republic is Key for More Active Social Policies, World Stcoks—18 Jan 18

SANTO DOMINGO, January 17th, 2018 – A new report presented today by the World Bank proposes alternatives to improve the efficiency of the Dominican Republic's tax system to support the Government in its efforts to increase public revenue, promote

Government of Tajikistan and World Bank Sign New Project to Improve Irrigation and Food Stcoks—17 Jan 18

Dushanbe, Tajikistan, January 16, 2018 – The Government of Tajikistan and the World Bank today signed a US$16.5 million grant agreement for the Zarafshon Irrigation Rehabilitation and Management Improvement Projectaimed at rehabilitating and

World Bank Helps Bangladesh Modernize Safety Net Programs Stcoks—10 Jan 18

DHAKA, January 9, 2018 – Today, the government of Bangladesh signed an agreement with the World Bank to improve the equity, efficiency and transparency of its major safety net programs. The $245 million additional financing to the Safety Net

Global Economy to Edge Up to 3.1 percent in 2018 but Future Potential Growth a Stcoks—10 Jan 18

WASHINGTON, January 9, 2018— The World Bank forecasts global economic growth to edge up to 3.1 percent in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing, and trade continues, and as commodity-exporting

Morocco and Ukraine join the World Bank Treasury Government Debt and Risk Management Stcoks—04 Jan 18

WASHINGTON, January 3, 2017 — The World Bank Treasury announced today the addition of two new members, Morocco and Ukraine, to the Government Debt and Risk Management (GDRM) program. The GDRM Program is a World Bank Treasury initiative sponsored by

Government and World Bank Sign New Agreement to Unlock Tourism Potential of Uttar Stcoks—29 Dec 17

NEW DELHI, 28 December 2017: The Government of India, the Government of Uttar Pradesh and the World Bank today signed a $40 million loan agreement for the Uttar Pradesh Pro-Poor Tourism Development Project to increase tourism-related benefits for local

New Agreement Signed to Support Climate Resilient Agriculture over 500,000 Farmers to Benefit in Stcoks—27 Dec 17

NEW DELHI, December 26, 2017: The Government of India, the Government of Tamil Nadu and the World Bank today signed a $318 million loan agreement for the Tamil Nadu Irrigated Agriculture Modernization Project to promote climate resilient agriculture

New World Bank-Financed Project to Unlock Tourism Potential of Uttar Pradesh, Stcoks—21 Dec 17

WASHINGTON DC, 20 December 2017: A $40 million project, to India's most populous state, Uttar Pradesh (UP), was approved by the World Bank Board of Executive Directors today to increase tourism-related benefits for local communities. Uttar Pradesh (UP)

Ghana Gets Support for Fiscal Institutions, Jobs, and Social Security Stcoks—21 Dec 17

WASHINGTON, December 20, 2017—The World Bank approved today a $200 million International Development Association (IDA)* credit to support Ghana in strengthening its institutions, improving competitiveness for job creation, and maintaining social

Malawis Capital City Gears for Better Water Supply and Sanitation Stcoks—21 Dec 17

WASHINGTON, December 20, 2017— Half a million residents of Malawi's capital city, Lilongwe, are set to benefit from improved water services and safely managed sanitation through a $100 million project financed by the World Bank. The World Bank

World Bank Supports Togos Efforts to Strengthen Fiscal Framework, Energy and ICT Stcoks—21 Dec 17

WASHINGTON, December 20, 2017--The World Bank today approved a $51.9 million (about FCFA30 billion) International Development Association (IDA)* grant to boost Togo's efforts to improve fiscal sustainability and promote economic growth. The Fiscal

World Bank Injects $105 Million to Improve Primary Health Care in Underserved Areas of Stcoks—21 Dec 17

WASHINGTON, December 20, 2017 - The World Bank approved today $105 million equivalent in non-reimbursable grants for the Government of Mozambique's Primary Health Care Strengthening Program?for?Results. Of this amount, $25 million equivalent is provided

Togos Efforts to Improve Power Sectors Performance Gets World Bank Stcoks—21 Dec 17

A $35 million credit is approved to help improve institutional environment and financial sustainability to reinforce and expand electricity network and facilitate private sector investment in power generation WASHINGTON, December 20, 2017--The World Bank

Government of India and World Bank Sign Agreement to Support Vocational Stcoks—20 Dec 17

NEW DELHI, December 19, 2017 – The Government of India and the World Bank today signed a $125 million credit agreement for the Skills Strengthening for Industrial Value Enhancement Operation (STRIVE), which is aimed at improving the quality of