Browsing: World Bank

– Pakistan represents about 48% of people living in extreme poverty across the Middle East, North Africa, Afghanistan and Pakistan region. The World Bank reported the figure in its October 2026 regional economic update. The lender measured poverty using the

The international financial community maintains a highly positive outlook on the economic trajectory of the United Arab Emirates. Recent macroeconomic assessments published by the World Bank Group indicate that the sovereign state will experience robust expansion over the next two

– Sungrow, the globally leading PV inverter and energy storage system (ESS) provider, has successfully commissioned the RESPITE Solar-plus-Storage Project in Sierra Leone, marking the country’s first major national-scale power generation project completed and connected to the grid in nearly

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. The financing backs a major storage project designed to help Morocco add more renewable power

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 Growth and Competitiveness Development Policy Financing II program. It supports steps linked to the country’s

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 tied to a greener economy, marking the latest multilateral backing for the country as it

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 water services and US$75 million for health services. The financing will be delivered through two

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 transmission projects in Southeast Asia. The new vehicle, called the Regional Connectivity Fund for Energy

The Organisation for Economic Co-operation and Development (OECD) has revised its global growth outlook upward for 2025, citing short-term resilience in advanced economies, while warning that rising trade barriers and tightening financial conditions are likely to drag on global momentum

Multilateral development banks delivered a record $137 billion in climate finance in 2024, according to a new joint report released on Wednesday. The figure represents a 10 percent increase from the previous year, highlighting a continued upward trend in global