World Bank Provides Additional Funding for Morocco’s Urban Transport Sector
The World Bank Board of Executive Directors has today approved US$150 million in additional financing for Morocco’s Urban Transport Program, which started in 2015....
Workshop teaches financial institutions and SMEs how to attract climate funding
The Climate Change and Green Growth Department of the African Development Bank, in partnership with climate change consultancy Natural Eco Capital, recently organized two...
AIIB Support Helps Keep Russia’s Railways on Track
To help alleviate the temporary liquidity constraints caused by the decline of long-haul passenger transportation and deferred client payments against the backdrop of the...
OECD announces candidates for next Secretary-General
The OECD today issued an official list of candidates nominated by Member countries for the position of Secretary-General of the Organisation. The OECD Council...
COVID-19: Remittance Flows to Shrink 14% by 2021
As the COVID-19 pandemic and economic crisis continues to spread, the amount of money migrant workers send home is projected to decline 14 percent...
First FIN-SMART Roundtable on Financing Sustainable Maritime Transport
More than 50 leaders from the financial, public and private sectors participated in the first “Financing Sustainable Maritime Transport (FIN-SMART) Roundtable” on 27 October....
New Initiative to Improve Sustainability of Indonesia’s Fisheries
The World Bank in partnership with the Government of Indonesia has launched the Coastal Fisheries Initiative Challenge Fund. With financing of USD$1 million from...
Global foreign direct investment halved amid pandemic, but China remained resilient
Foreign direct investment (FDI), a bellwether of globalisation and economic confidence, fell by 49 per cent to $399 billion in the first half of 2020,...
Digital transformation in Brazil could reinforce economic recovery from COVID-19 crisis
Brazil has made significant progress in improving Internet access, digital security and regulation, yet more needs to be done to reduce the country’s digital...
World Bank Group Sanctions Two Chinese Engineering Companies for 18 months
The World Bank Group today announced the 18-month sanctions of China National Electric Engineering Company Limited (“CNEEC”) and its wholly owned subsidiary, China Electric...