[ad_1] ISLAMABAD: The World Bank will provide a $1 billion loan for the 2,160 megawatts Dasu hydropower project—a crucial initiative aimed at integrating cheaper electricity into Pakistan’s energy mix and showcasing the nation’s resilience against adversaries. This marks the third major financing by the World Bank for the project, which …
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World Bank approves $149.7m for Pakistan’s digital and flood resilience projects – SUCH TV
[ad_1] 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 …
Read More »South Asia’s Jobs Creation Lags Population Growth, Says World Bank – News18
[ad_1] 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 …
Read More »World Bank approves $149.7m in financing for two projects in Pakistan – SUCH TV
[ad_1] 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 …
Read More »World Bank offers help to investors | The Express Tribune
[ad_1] ISLAMABAD: The World Bank has offered financial assistance and risk guarantee for investor comfort in a bid to encourage private sector participation in the management of ailing power distribution companies (DISCOs). As efforts are underway to hand over management control of DISCOs to the private sector, the Power Division …
Read More »World Bank approves $350m package | The Express Tribune
[ad_1] ISLAMABAD: The World Bank greenlit a $350 million package for Pakistan’s budget financing, highlighting the need for fiscal and structural reforms. This move comes amid concerns raised by the World Bank’s board members over Pakistan’s low tax collection relative to the size of its economy. The World Bank’s Board …
Read More »World Bank approves $350 mln loan for Pakistan – SUCH TV
[ad_1] The World Bank (WB) has approved $350 million in financing for the implementation of institutional reforms in Pakistan. The World Bank’s Board of Executive Directors approved $350 million in financing for the Second Resilient Institutions for Sustainable Economy (RISE-II) Operation, which aims to strengthen fiscal management and promote competitiveness …
Read More »India continue to rely on coal until it achieves its developmental needs: Bhupender Yadav – Times of India
[ad_1] NEW DELHI: India did not accede to the pressure from developed countries on the issue of fossil fuels at recently concluded UN climate conference (COP28) in Dubai and the country would continue to use coal until it achieves its developmental needs, said environment minister Bhupender Yadav on Tuesday.“While we …
Read More »World Bank launches comprehensive programme to combat air pollution crisis in India | India News – Times of India
[ad_1] NEW DELHI: In response to India’s escalating air pollution crisis, affecting the entire population of 1.4 billion, the World Bank has launched a multifaceted program aimed at curbing the devastating impact of ambient particulate matter(PM)2.5 pollution. According to the World Bank, the endeavour includes the introduction of airshed management …
Read More »Pakistan’s economy stuck in ‘low-growth trap’: WB | The Express Tribune
[ad_1] ISLAMABAD: Martin Raiser, the World Bank’s Regional Vice-President for South Asia, has warned that Pakistan’s economy is stuck in a “low-growth trap” with poor human development outcomes and increasing poverty. Raiser reaffirmed the bank’s commitment to support the people of Pakistan in his address during a ceremony in Islamabad. …
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