Economic growth
Uzbekistan's economic growth, which averaged 4.2% annual per capita rate between 2010 and 2022, has largely depended on capital investment, but has recently began to generate stronger employment growth, particularly in 2023 and 2024. To reach upper-middle-income status by 2030, the country must accelerate its economic growth
Economic growth
The World Bank has approved a $426 million loan to support the Karnataka Water Security and Resilience Programme in Bengaluru, a key initiative to revive the city's 183 lakes and improve water security for over 4 million residents. The programme aims to construct nine sewage water treatment plants,
Economic growth
The South African government has signed a significant loan agreement with the World Bank to revamp its transport and energy infrastructure, amidst sluggish economic growth. The $1.5 billion loan is aimed at easing transport bottlenecks and improving energy security, which has been hindered by persistent power outages and deteriorating
Economic growth
The National Treasury of South Africa announced that the country has been granted a $1.5 billion loan from the World Bank to upgrade transportation infrastructure and support its transition towards a low-carbon economy. This loan aims to tackle corruption, decades of poor management, and pursue reforms to ease the
Economic growth
The World Bank has granted South Africa a $1.5 billion loan to upgrade transportation infrastructure and support its transition towards a low-carbon economy. The loan is expected to promote inclusive economic growth and job creation by addressing critical infrastructure bottlenecks, particularly in the energy and freight transportation sectors. This
Economic growth
Corruption and a lack of transparency in managing public resources have worsened Africa's debt burden, according to the African Forum and Network on Debt and Development (AFRODAD). Despite the continent being rich in natural resources, many African countries struggle to manage their finances effectively, leading to heavy debts.
Economic growth
Bangladesh's energy sector and air quality face significant challenges, with gas supply security and urban air pollution being major concerns. The World Bank's Board of Executive Directors has approved two projects totaling $640 million to address these issues. The projects aim to improve energy security and
Economic growth
The World Bank has approved two projects totaling $640 million to help Bangladesh enhance energy security and air quality. The Energy Sector Security Enhancement Project and the Bangladesh Clean Air Project aim to address gas supply constraints and urban air pollution, ultimately boosting economic growth, improving productivity, and creating jobs.
Air pollution
The World Bank's Board of Executive Directors has approved two projects totaling $640 million to support Bangladesh in enhancing its gas supply infrastructure and improving air quality. The Energy Sector Security Enhancement Project ($350 million) aims to improve gas supply security by facilitating access to cost-effective financing for
Economic growth
The World Bank has unveiled a comprehensive 2.1 billion USD financing package for Indonesia, supporting the country's ambitious goal of becoming a high-income nation by 2045. The package is designed to drive job creation, stimulate economic growth, and enhance access to clean energy across the country. The
Air pollution
The Egyptian government has made significant progress on its ambitious project to build the country's first fully integrated waste management city, a key component of the World Bank-financed Cairo Greater Air Pollution and Climate Change Management Project. Convened by environment and local development ministers Yasmine Fouad and Manal
Air pollution
The Kathmandu Valley and Terai regions of Nepal have been identified as the country's pollution hotspots, according to a new World Bank report. The report finds that single-sector efforts are insufficient to achieve clean air targets, and a cross-sector approach is needed to prioritize cost-effective solutions. Air pollution
