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International Development
World Bank flags alarming drop in FDI to developing nations; says investment remains concentrated in…
Foreign direct investment (FDI) in developing countries has fallen to its lowest level since 2005, according to a new report by the World Bank. The report, released on Monday, blamed rising barriers to trade and investment as a major…
Speaker Berri meets World Bank officials, affirms readiness to pass key reform laws
Speaker of Parliament Nabih Berri met at the Second Presidency headquarters in Ain al-Tineh with World Bank Vice President for the Middle East and North Africa, Ousmane Dione, and the Bank’s Regional Director Jean-Christophe Carret, in the…
World Bank flags drop in foreign investment to developing countries
The World Bank said in a report on Monday (Jun 16) that foreign direct investment (FDI) into developing economies has hit the lowest level since 2005, citing growing trade and investment barriers.Developing countries received just US$435…
Tinubu Urges Africa To Combine Sovereign Wealth To Drive Transformation –
President Bola Ahmed Tinubu has called on Africa’s governments to deepen regional cooperation and strategically deploy their sovereign wealth funds to accelerate development across the continent.
He made the call in Abuja at the…
Indonesia making calculated changes to alleviate poverty
Jakarta (ANTARA) - The Indonesian government is committed to making strategic changes to efforts to alleviate poverty, which is expected to be reduced further across the country.“We have shifted the focus of the state budget to…
Carbon pricing schemes cover 28% of global emissions
Around 28% of global greenhouse gas emissions are now covered by carbon pricing schemes, with revenues exceeding USD 100 billion in 2024, according to the latest report by the World Bank. This includes about half of…
Kyrgyzstan Sees Notable Drop in Poverty Rate
Kyrgyzstan’s national poverty rate dropped to 25.7% in 2024, marking a 4.1% decrease from the previous year, according to new data released by the National Statistical Committee of the Kyrgyz Republic.
In 2023, approximately 1.871…
Factbox-Finance deals announced during UN Ocean Conference
LONDON (Reuters) -The third U.N. Ocean Conference in France last week yielded a number of financial deals and money pledges to help protect the seas, although the gap between funding and the estimated annual need of $175 billion…
Egypt’s first utility-scale battery, Africa’s biggest solar-plus-storage project…
Dubai-based renewables developer AMEA Power is set to commission Egypt’s first utility-scale battery next month, after going from project development agreement to completion of construction in a record six months.
The 300 MWh battery…
UN Tourism & Croatia sign agreement on sustainable tourism
Home › News › UN Tourism & Croatia sign agreement on sustainable tourism
By TravelPress Staff June 16, 2025
UN Tourism has…