Tag Archives: World Bank Group
IFC, a member of the World Bank Group is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit http://www.ifc.org
The region’s governments have a unique opportunity for fundamental reforms to bring down barriers to employment and develop safety nets designed to lift people out of poverty
Leaders of AfDB, EBRD, IADB, IMF and WB have pledged close collaboration to support development
Support economic growth, job creation and poverty reduction
WASHINGTON, February 26, 2013 – Leaders of the African Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, International Monetary Fund, and the World Bank Group have pledged close collaboration to support development and growth.
The African Development Bank (AfDB) report shows projects underway in Africa to reduce nearly 7 million tonnes CO2.
Nigeria Receives Approval for Additional CIF $50 million to Bolster Energy Efficiency and Renewable Energy Use with AfDB Support
WASHINGTON, February 22, 2013/African Press Organization (APO)/ – The Climate Investment Funds (CIF) (http://www.afdb.org) has announced an agreement to provide Nigeria with US $50 million to support an African Development Bank-supported program of financial intermediation for renewable energy and energy efficiency through local banks, as part of the country’s national Investment Plan endorsed by the CIF in 2010. The money, being provided under the CIF’s Clean Technology Fund (CTF), is designated to stimulate alternative and efficient ways to generate electricity and to reduce dependence on energy sources which contribute significantly to greenhouse gas emissions.
AfDB report shows projects underway in Africa to reduce nearly 7 million tonnes CO2, create more than a million new electricity connections in Africa with AfDB and CIF support
TUNIS, Tunisia, February 20, 2013/African Press Organization (APO)/ – The African Development Bank’s Financing Change: The AfDB (http://www.afdb.org) and CIF for a Climate-Smart Africa is the Bank’s second semi-annual report on its work to implement the Climate Investment Funds (CIF) in Africa, covering July-December 2012 and can be found here: http://bit.ly/XMe1gc.
World Bank Unveils New Country Assistance Strategy to Support Malawi’s Economic Growth and Transformation
The World Bank Group has released its new Country Assistance Strategy (CAS) to support Malawi’s effort to diversify the economy and make it more competitive and resilient to shocks. The four-year CAS, which was discussed by the Bank Board of Executive Directors today, will cover the 2013 to 2017 financial years, and proposes an indicative envelop of US$ 695 million.
TUNIS, January 22, 2013 — World Bank Group President Jim Yong Kim will visit Tunisia January 23-24, his first official visit to the Middle East and North Africa region since becoming Bank president July 2012.
World Bank Sanctions the Serbian company Energoprojekt Niskogradnja for Fraudulent Practices Impacting a Roads Project in Uganda
The World Bank Group announced the debarment of Energoprojekt Niskogradnja, a Serbian civil engineering and contracting company – for a period of 2.5 years following the company’s acknowledgment of misconduct in a Bank-financed roads and development project in Uganda.
However, Investors Moving Forward Despite Ongoing Uncertainty