The World Bank today announced it has approved a Rs 2,040 crore (US $300 million) assistance to help scale up India’s energy efficiency program. This includes Rs 1,496 crore of loan and additional Rs 544 crore to be provided as guarantee for projects.
Pakistan today approached the World Bank amid reports that India could revoke the 56-year- old Indus Water Treaty, with senior Pakistani officials taking up the matter with the international lender which had mediated the water-sharing deal
Zambia will complete its first large-scale 50 megawatt (MW) solar power generation plant in September this year as the nation battles a power deficit which threatens industrial output, a state-owned agency said on Tuesday. The electricity shortfall has forced Africa’s second-largest copper producer to ration power supply to the mines, the biggest consumers. The $60 […]
India is doing “extremely well” on electrification with nearly 85 per cent of the country’s population having access to electricity, the World Bank has said.
The world is moving too slowly to meet targets to provide electric power and clean cooking to everyone on the planet by 2030, with progress on using less-polluting fuels in the kitchen especially poor, international agencies said on Wednesday.
The Uttar Pradesh Cabinet today gave its approval to a number of road projects in the state which would be carried out with the help of Asian Development Bank (ADB) or the World Bank. These projects would be completed in 18 to 24 months.
The World Bank approved a $180 million loan guarantee on Monday for Kenya Electricity Generation Company to help strengthen the financial position of the state-run company, which produces more than 70 percent of the country’s electricity.
The International Monetary Fund (IMF), and World Bank held their annual spring meetings in Washington DC last week. The issues facing emerging economies figured front and centre—even if much of the outside commentary focused on the fate of global trade.
The World Bank has projected a 20% jump in global prices of energy commodities – crude oil, gas and coal – this year, indicating a continued squeeze on fuel consumers in India and raising the prospect of cramping the government’s social spending ability as it heads back to people for another mandate.
India has retained its position as the top remittances receiving country with its diaspora sending about USD 69 billion back home in 2017, the World Bank said today.