World Bank backs Morocco hydropower storage with $265m
RABAT, MOROCCO / MENA Newswire / – The World Bank has approved $265 million to support Morocco’s Ifahsa Pumped Hydropower Storage Project, a 300-megawatt clean...
Tag : World Bank
World Bank approves US$700 million loan for Jordan jobs
AMMAN, JORDAN / MENA Newswire / – The World Bank approved a US$700 million loan for Jordan to support private investment, job creation and economic...
Egypt secures $1 billion World Bank reform support
Egypt gains new World Bank funding to boost private sector jobs, strengthen fiscal stability and support greener growth goals nationwide....
Syria gets US$225 million World Bank water health aid
Syria will receive US$225 million in World Bank grants to rebuild water and health services after years of conflict damage nationwide....
ADB unveils fund to speed ASEAN power grid plans
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...
World Bank predicts 4.8 percent expansion in UAE’s non-oil sector in 2023
The World Bank has released its projection stating that the United Arab Emirates (UAE) is expected to experience a robust growth of 4.8% in its...
World Bank predicts 4.8 percent expansion in UAE’s non-oil sector in 2023
The World Bank has released its projection stating that the United Arab Emirates (UAE) is expected to experience a robust growth of 4.8% in its...
US nominates former Mastercard CEO, Ajay Banga, to lead World Bank
US President Joe Biden nominated former Mastercard CEO Ajay Banga to lead the World Bank, crediting his experience with global challenges such as climate change....
World Bank to give Turkey $1.78 billion in earthquake aid funds
Turkey will receive $1.78 billion in relief and recovery financing from the World Bank. This is as it deals with the aftermath of an earthquake...
Growth prospects for the Indian economy are bullish – World Bank
Considering India’s increased resilience to global shocks, the World Bank raised its GDP growth forecast for FY23 to 6.9%. In its India Development Update, the...