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International Development
VIA expansion will help maintain GDP pick-up: World Bank
Velaana International Airport/ Photo: MACL
The World Bank says the expansion of Velaana International Airport will help maintain the forecast rate of GDP pickup as the airport expansion boosts tourism.
The Bank said this in its…
Over one million Nigerians face severe food crisis in 2024 — World Bank — News — The Guardian…
Nigeria’s food security crisis has worsened in 2024, with over one million additional people experiencing severe food insecurity compared to the previous year, the World Bank reports.…
Dar reaps big from China-US jostle for minerals in DRC, Southern Africa
China is putting $1 billion in the Tanzania-Zambia Railway (Tazara), a major corridor linking Tanzania’s commercial capital and main port of Dar es Salaam and Zambia’s Copperbelt.
Beijing sees Tazara as crucial in facilitating mineral…
Africa Life Aid spares no effort in Magwi women empowerment
Africa Life Aid (ALA) is empowering the women of Eastern Equatoria State’s Magwi County with income generating activities and livelihoods, besides helping the dropouts to return to school.
The target are mostly the victims of…
Africa will continue to seek China’s partnership for economic development – Obasanjo
Former President Olusegun Obasanjo says Africa will continue to seek China’s friendship and partnership for economic development.Obasanjo spoke on behalf of the InterAction Council during a meeting with Chinese President Xi Jinping and the…
Special Report – Eradicating extreme poverty
“China’s battle against poverty has benefited the largest number of people in human history.”
Macau Business | October 2024 | Special Report | PRC at 75: China’s contributions to the world
China takes pride in its success in eradicating…
PH internet gets boost with $287-M World Bank loan
The World Bank (WB) approved a loan worth 268.22 million euros (about $287.24 million) to fund the broadband internet connectivity project of the Philippine government, which is expected to benefit at least 20 million Filipinos.
In a…
World Bank to create special trust fund to support Ukraine
stock photo: getty images
The World Bank Board of Directors approved the creation of a special financial trust fund for Ukraine valued at least US$10 billion.
Source: Ukraine’s Prime Minister Denys Shmyhal on…
World Bank launches 2024 report; cautions middle-income countries on growth stagnation
By: Racheal Asamoah
The World Bank has launched its World Development Report 2024, highlighting the urgent challenge faced by middle-income countries as they risk falling into the “middle-income trap.”
Despite significant…
Armenia Secures €92 Million Loan from World Bank for Green Development and Refugee Assistance
The Financial-Credit and Budgetary Commission of the National Assembly of Armenia has approved the project for the ratification of a financing agreement between the Republic of Armenia and the International Bank for Reconstruction and…