Economic development - Strategic Insights Report (Page 55)

Economic development

Philippines Establishes Department of Economy, Planning and Development to Accelerate Infrastructure Development

The Philippines is taking significant steps to address the challenges of infrastructure development, with the establishment of the Department of Economy, Planning and Development (DEPDev) aimed at bridging persistent infrastructure gaps. The new agency, created through Republic Act No. 12145, will spearhead the formulation, coordination, and monitoring of national economic

Economic development

India's Largest Gati Shakti Multi-Modal Cargo Terminal Inaugurated in Manesar

The union railway minister Ashwini Vaishnaw and Haryana chief minister Nayab Singh Saini jointly inaugurated India's largest Gati Shakti Multi-Modal Cargo Terminal in Manesar, Haryana. Developed under Prime Minister Narendra Modi's Gati Shakti National Master Plan, the terminal aims to boost multimodal connectivity and streamline freight

Economic development

Punjab's External Debt Reaches $6.1 Billion: A Breakdown of the Province's Financial Outlook

The Punjab government's external debt stands at approximately $6.1 billion, primarily sourced from long-term, concessional loans extended by multilateral and bilateral lenders, including the World Bank, Asian Development Bank (ADB), Japan International Cooperation Agency (JICA), and the International Fund for Agricultural Development (IFAD), as well as bilateral

Economic development

Macau's Contributions to the Belt and Road Initiative

The Macau Special Administrative Region has significantly contributed to enhancing cooperation with Portuguese-speaking countries and advancing the objectives of the Belt and Road Initiative. According to two reports released during the 16th International Infrastructure Investment and Construction Forum, Macau's infrastructure development trends in Portuguese-speaking countries are encouraging, with

Economic development

Khyber Pakhtunkhwa Government Unveils Rs. 323 Billion Development Budget for FY 2025-26

The Khyber Pakhtunkhwa (KP) government has announced a substantial development budget for the fiscal year 2025-26, allocating a total of Rs. 323 billion for 2,159 development projects across the province. This budget is a significant step towards improving the province's core infrastructure, enhancing public services, and promoting

Economic development

A101 Group and Higher School of Economics Collaborate on Urban Development and Education

The Higher School of Economics (HSE) and A101 Group have partnered to create a basic department focused on urban studies, aiming to educate highly qualified personnel in the field of development. This collaboration is part of the HSE's efforts to overcome the gap between graduates and the labor

Economic development

Egyptians For Investment and Urban Development Reports Moderate Year-to-Date Price Change

The Egyptians For Investment and Urban Development has reported a moderate move in its year-to-date price change on the Egyptian Exchange (EGX) as of 17 June 2025. The company's stock, traded in Egyptian Pounds, showed a price movement of -2.13% for the year, with a highest price

Economic development

Nigeria to Host West Africa Economic Summit 2025, Unveiling Regional Economic Growth Strategies

The Nigerian government will host the West Africa Economic Summit (WAES) 2025, a two-day regional gathering that seeks to chart a transformative course for West Africa's economic development. Scheduled from June 20 to 21, 2025, at the Abuja International Conference Centre, the summit will convene regional leaders, policymakers,

Economic development

African Development Bank, British International Investment, and European Bank for Development and Reconstruction Support Pioneering Solar and Battery Storage Project in Egypt with $476 Million Loan

The African Development Bank, British International Investment, and the European Bank for Development and Reconstruction have joined forces to support a groundbreaking solar and battery storage project in Egypt. The project, led by Scatec ASA, aims to deliver dispatchable clean energy, enhance grid stability, and manage peak demand. With a

Economic development

Africa Development Bank Commits to Supporting Ghana's 24-Hour Economy Concept

The Africa Development Bank (AfDB) has expressed enthusiasm for Ghana's 24-Hour Economy concept, committing to provide comprehensive project preparation support, knowledge sharing on industrial parks development, and downstream financing solutions. Led by AfDB Vice President Mr. Solomon Quaynor, a delegation visited Ghana to deepen the Bank's

Economic development

Luneburg Demonstrates Digital Urban Development Concept on Nationwide Digital Day

The Hanseatic City of Luneburg will showcase its innovative approach to urban development through a digital planning tool, the Integrated Urban Development Concept (ISEK), on June 24, 2025. This event will highlight the city's commitment to participatory and transparent urban planning. The ISEK was developed with broad community

Economic development

Uttar Pradesh Aims to Harness Solar Energy with New Sites

The Uttar Pradesh State Industrial Development Authority (UPSIDA) has identified 12 new sites for the installation of solar power plants as part of the state government's Solar Energy Policy-2022. This initiative focuses on reducing energy costs, promoting environmental conservation, and cutting carbon emissions. The selected sites are strategically

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