On his first day in office, Lebanon’s new finance minister, Yassine Jaber, sat at his desk reading a color-coded report on the dire state of the ministry’s operations. Nearly everything was marked in alarming red. The computers were decades old — some still ran on Windows 98. Like much of …
As the Trump administration imposes deep cuts on foreign aid and renewable energy programs, the World Bank, one of the most important financiers of energy projects in developing countries, is facing doubts over whether its biggest shareholder, the United States, will stay on board. While the Trump administration has voiced …
The leaders of more than half of Africa’s nations gathered this week in Dar es Salaam, Tanzania’s sprawling seaside metropolis, to commit to the biggest burst of spending on electric-power generation in Africa’s history. The World Bank, African Development Bank and others are pledging at least $35 billion to expand …
The World Bank’s Board Of Executive Directors has approved financing of 149.7 million dollars for two projects of Pakistan, “digital economy” and “flood prevention”. 78 million dollars have been allocated for the digital economy enhancement project, which will improve the financial system through technology and data-based decision-making. Through this project, …
Last Updated: April 02, 2024, 23:29 IST In absolute terms, the region created an average of 10 million jobs a year. (Representative image) During the period between 2000-23, employment grew 1.7% a year while the working-age population expanded 1.9% a year, data included in the report showed Job creation in …
In order to support Digital Economy Enhancement Project (DEEP) and Sindh Barrages Improvement Project (SBIP), the World Bank’s Board of Executive Directors has approved $149.7 million in financing for Pakistan. DEEP worth $78 million will support the expansion of digitally enabled public services delivery for citizens and firms, while the …