World Bank

World Bank To Help Develop Khyber Pass Corridor

The World Bank has said it will fund an economic corridor along the Khyber Pass between Afghanistan and Pakistan in order to boost trade between the two nations and Central Asia.  According to World Bank officials it is committing over half a billion dollars through two projects to support renewable energy in Pakistan’s Sindh province and expand economic activity between Pakistan and Afghanistan through the development of an economic corridor along the Khyber Pass.   “The projects will address Sindh’s…

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Remittance Flows Rising After Years of Decline

After two consecutive years of decline, remittances, the money migrant workers send home, increased in 2017 according to figures released by the World Bank. Remittances are a significant financial contribution to the well-being of families of migrant workers and to the sustainable development of their countries of origin. The U.N. recognizes their importance every year on June 16, designated International Day of Family Remittances. VOA’s Cristina Caicedo Smit reports on this vital lifeline. Source link

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Khyber Pass: World Bank to help Pakistan develop corridor with Afghanistan

Will provid­e more than $500m for this projec­t and produc­ing solar energy in Sindh Step taken after Pakistan’s last representative on the ADB board refused to vacate post PHOTO: REUTERS ISLAMABAD: The World Bank is committing over half a billion dollars through two projects to support renewable energy in Sindh and expand economic activity between Pakistan and Afghanistan through the development of an economic corridor along the Khyber Pass. “The projects will address Sindh’s energy needs through the generation of solar…

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Maharashtra CM Devendra Fadnavis seeks World Bank support for twin projects

By: Express News Service | Mumbai | Updated: June 16, 2018 5:18:39 am Devendra Fadnavis and Kristalina Georgieva Chief Minister Devendra Fadnavis met World Bank CEO Kristalina Georgieva at Washington DC. Two projects were mooted for the World Bank’s assistance: rural transformation through sustainable livelihood in 10,000 villages and a multimodal transport corridor in the Mumbai Metropolitan Region. Both projects elicited positive response from the World Bank. “During my meeting with WB CEO Kristalina Georgieva, we discussed rural transformation for…

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CM, World Bank CEO discuss Maha projects

Government told the World Bank that land is being acquired for the Samruddhi project by consent, though 20 per cent land will be acquired forcibly. Mumbai: Chief minister Devendra Fadnavis met World Bank CEO, Kristalina Georgieva in Washington DC on Thursday to acquire funding for the Mumbai-Nagpur Samruddhi Mahamarg and the rural livelihood project to provide sustainable livelihood enhancements in 10,000 villages. The government told the World Bank that land is being acquired for the Samruddhi project by consent, though…

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World Bank lends $550mln for solar energy, economic corridor | Business | thenews.com.pk

World Bank lends $550mln for solar energy, economic corridor KARACHI: The World Bank has approved more than $550 million of loans to support renewable energy in Sindh and expand economic activity between Pakistan and Afghanistan through the development of an economic corridor along the Khyber Pass. The $460.6 million loan for Khyber Pass economic corridor project has 30-year maturity with five-year of grace period, the bank said in a statement late on Thursday. The project “will benefit consumers, producers, and…

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World Bank provides 700 mln USD to improve primary education in Bangladesh

The World Bank approved 700 million U.S. dollars on Friday to improve the primary education in Bangladesh, Xinhua reported. The Quality Learning for All Program (QLEAP) will benefit more than 18 million children studying in pre-primary level to grade 5. It will finance implementation of the government’s Fourth Primary Education Development Program (PEDP4), the Washington-based lender said in a statement. The project will help improve quality and equitable access to primary education. It will help assess and improve learning outcomes…

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World Bank Gives Jamaica Thumbs Up at 2018 Investment Forum | Nationwide 90FM

The World Bank has given Jamaica the green light as a significant opportunity for investors. The international financial institution is citing strong reforms and high potential for growth as the reasons for its confidence. The thumbs up was given to scores of potential investors on day three of the Jamaica Investment Forum 2018 by World Bank Business Regulations Manager, Catherine Masinde. However, Ms. Masinde also highlighted areas the Andrew Holness-led government can improve upon to unleash the country’s true potential.…

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VOSIEDA Wants World Bank Prioritizes Public Education On ESF –

A local non-governmental organization, Volunteer to Support International Effort In Development Africa (VOSIEDA) has called on the World Bank to prioritize public education and awareness on the new Environmental and Social Framework (ESF) if it is to achieve its goals. Program Manager of VOSIEDA, Abraham Billy made the call on Tuesday, June 12, 2018 when he attended a one day Stakeholders consultative forum on the Environment and Social Framework organized by the Bank at Cape Hotel in Monrovia.Sharing his perspectives…

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World Bank approves $700m to improve primary education in Bangladesh – bdnews24.com

The programme known as Quality Learning for All will benefit more than 18 million children studying in pre-primary level to Grade V, the World Bank said in a statement on Friday. It said the project will help improve quality and equitable access to primary education. It will help assess and improve learning outcomes for Bangla and mathematics for Grade III students. For this, the programme will develop a stronger curriculum and exam system as well as textbooks and supplementary learning…

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China, World Bank set to give Kenya Sh150 billion :: Kenya

Treasury CS Henry Rotich addresses a press conference after reading the 2018-2019 Budget at Parliament on Thursday 14/06/2018. [Boniface Okendo,Standard] In summary The positions of World Bank and the IMF as leading external financiers are being increasingly threatened by the Chinese. Italy becomes surprise entrant into club of bilateral lenders with Sh22 billion The World Bank and China will fund a chunk of Kenya’s development projects, including the building of roads, railways, hospitals and schools. The two will contribute more…

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Minister Morneau Takes Canada’s Plan for Competitiveness, Equality and Growth to G20, International Monetary Fund and World Bank Group

April 19, 2018 – Washington, D.C. – Department of Finance Canada The Government of Canada is committed to working with its international partners to ensure that the benefits of economic growth are shared by everyone, including the middle class and those working hard to join it. Finance Minister Bill Morneau is in Washington for the Spring Meetings of the International Monetary Fund (IMF) and World Bank Group, where he will meet with his G20…

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World Bank rep says Jamaica needs consistent reforms | Lead Stories

WESTERN BUREAU: Catherine Masinde, practice manager of the World Bank Group’s global business regulation unit, believes that while Jamaica has significant growth potential, it needs to implement several consistent reforms to be viable as an investment and trade facilitator. Masinde made the comment yesterday while addressing the third and final day of JAMPRO’s third triennial Jamaica Investment Forum at the Montego Bay Convention Centre in Rose Hall, St James. The triennial forum, which was launched in 2012, was held under…

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World Bank backs Việt Nam’s ’robust’ economic progress – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Việt Nam’s economy is forecast to continue improving, with gross domestic product (GDP) expected to expand by 6.8 per cent this year, said the World Bank (WB) in its latest economic update for Việt Nam.— VNA/VNS Photo Trần Việt HÀ NỘI — Việt Nam’s economy is forecast to continue improving, with gross domestic product (GDP) expected to expand by 6.8 per cent this year, said the World Bank…

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ED reforms boost investor confidence: World Bank

The Herald Felex Share Senior ReporterRobust commitment to macro-economic and governance reforms by President Mnangagwa’s administration has boosted investor and consumer confidence in Zimbabwe, the World Bank has said. The World Bank, in a report titled “Global Economic Prospects report” for Sub-Saharan Africa, released on June 6, revised upwards Zimbabwe’s Gross Domestic Product (GDP) to 2,7 percent from the 1,8 percent it had projected in January this year. In its June report, the World Bank said: “Renewed government commitments to…

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How Oshiomhole Looted Edo State; Activist Asks Court To Compel Efcc To Investigate

A human rights activist and Anti-Corruption crusader based in Benin City Bishop (Dr) Osadolor Ochei JP, today dragged the Economic and Financial Crimes Commission (EFCC) to a Federal high court sitting in Abuja. The case has the EFCC and Adams Oshiomhole as first and second respondents. The law suit Is at the instance of EFCC’s refusal to attend to a well detailed Petition of the Applicant (Bishop Osadolor) to the 1st Respondent dated 28th October, 2016 and published in the…

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