ABUJA — Nigeria is in a paradoxical situation: growth prospects have improved compared to six months ago but inflationary and fiscal pressures have increased considerably, leaving the economy much more...

WASHINGTON – The World Bank’s Board of Executive Directors has approved a new project in Solomon Islands focused on boosting economic development in rural communities. The Integrated Economic Development and...

WASHINGTON  – The World Bank’s Board of Executive Directors approved on June 9, a $68 million grant from the International Development Association (IDA)* to support the diversification and climate resilience...

WASHINGTON —Burundi, the Democratic Republic of Congo (DRC), and neighboring countries within the Great Lakes Region of Eastern Africa are set to benefit from the new Great Lakes Trade Facilitation...

WASHINGTON  —Today, the World Bank Group Board of Executive Directors approved a 454.4 million euro (ZAR 7.6 billion or $480 million) loan for South Africa’s COVID-19 Emergency Response Project. The...

ANKARA – Türkiye stands to reap $146 billion in savings over 20 years if it takes effective and appropriate actions to boost resilience and adaptation against the impact of climate...

MANILA — Asia and the Pacific must overhaul its energy sector to transition to a net-zero future that is vital in the fight against climate change, Asian Development Bank (ADB)...

MANILA— The financing partners of the Asian Development Bank (ADB) committed $12.9 billion in 2021 as ADB provided tailored support to its developing member countries battling the second year of...

Mumbai : The Fit@50+ Women’s Trans Himalayan expedition team just concluded its month-long journey in the country of Nepal. After 90-days of rigorous trekking, the team is finally back on...

Rome – The Council of the Food and Agriculture Organization of the United Nations (FAO) has endorsed two thematic strategies that will guide FAO’s work on climate change and on...