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International Development
Ghana Targets Energy Debt Relief With Stealth Petroleum Levy Hike
Ato Forson
Ghana’s government will generate approximately GH¢400 million monthly through a revised Energy Sector Levy without increasing consumer fuel prices, according to policy sources.
The adjustment raises the…
World Bank’s $819 million financing to enhance crop production
ISTANBUL
The World Bank has announced that its board approved $819 million in financing to increase food production and enhance water efficiency for more than 550,000 people in Türkiye.
The Türkiye Second…
Developing countries have financing problem in renewable energy field
The growth in renewable energy is mainly concentrated in China, the US and the EU, and finance is a major obstacle for developing countries, said Gauri Singh, Deputy Director…
The Inconvenient Truth: Institutionalising investment finance logic in Africa’s development agenda
By Douglas BOATENG (Prof)
Misunderstood financial concepts are not only draining the continent’s resources but also jeopardising the future of Africans, including generations yet to come.
In an era when…
World Bank Predicts Deeper Decline in Yemen’s Economy Due to Ongoing Conflict
The World Bank has confirmed a 58% decrease in per capita income in Yemen and expects the country’s real GDP to shrink by 1.5% this year. The Bank anticipated that the negative economic effects will worsen due to the…
Qatar Vows to Restore Syria’s Electricity, Resolve World Bank Debts
(MENAFN) Qatar reaffirmed its pledge on Tuesday to deliver electricity to Syria, clear outstanding debts to the World Bank, and finance public sector salaries for three months.This commitment was announced in a joint statement following a…
Why Africa needs trade and not aid
QUESTION:Africa is increasingly seen as the centre of global development. In light of current global dynamics and shifting priorities, how do you view the continent’s future?
ANSWER: Trade and investment are sustainable avenues to lift…
Ministry of education to benefit from a World Bank for K406 Million support to education in PNG
Minister for education Lukas Dekena says the Marape/Rosso Government remains steadfast in its commitment to build an education system that meets the needs of every child, leave no child behind, strengthens communities, and supports…
Over 75 per cent of households likely to face extreme weather in next decade: World Bank Report
New Delhi , June 4 (ANI): More than 60 per cent of households and firms have experienced extreme weather in the last five years, and over 75 per cent are expected to face it in the next decade, a new report by the World Bank has…
We need India as a leader; it needs to open the way for developing countries”: WTO…
By Shailesh YadavAdvertisementParis , June 3 (ANI): Ngozi Okonjo-Iweala, Director General of the World Trade Organisation, said "we need India as a leader "in the 14th WTO Ministerial Conference (MC14), which will take place in Yaounde,…