UNIDO, EIF and UNTBLDCs highlight potential benefits of 4IR for LDCs
Least Developed Countries (LDCs) comprise 13% of humanity worldwide, yet they account for just 1.2% of global GDP, according to a new publication released...
Turkey to Scale-up Renewable Geothermal Energy Generation
The World Bank’s Board of Directors has approved two loans worth $300 million for the Geothermal Development Project in Turkey, to support the development...
Current pandemic trends bring more uncertainty to economic prospects
The most recent data on global manufacturing production, corresponding to the third quarter of 2021, indicate a stabilization after the COVID-19-related economic halt in...
World Bank Supports the Modernization of Morocco Public Sector
The World Bank Board of Executive directors today approved a US$450 million loan to support key governance reforms in Morocco as part of the...
Jordan: Reforms Critical to Resilient Recovery and Sustainable Growth
Accelerated global recovery, improved vaccine rollout, and a full reopening of the domestic economy are the main drivers of a projected growth rate of...
WB Supports Greater Access to Energy and Broadband Services in Rural Mozambique
The World Bank approved today a $300 million grant from the International Development Association (IDA) that will support the Government of Mozambique’s efforts to...
Indonesia’s Economy Grew in 2021 Despite COVID-19, Will Accelerate in 2022
The Indonesian economy continued to recover in 2021 despite moderating due to the COVID-19 Delta variant wave mid-year. The economy is estimated to have...
Cyprus: More awareness of Armenian and Cypriot Maronite Arabic languages
State authorities in Cyprus continue to support minority language speakers by funding existing cultural institutions and establishing new sports facilities where their languages can...
WEF Develops Framework to Transition Colombia to Data-Driven Economy
The Centre for the Fourth Industrial Revolution and a multistakeholder community have developed a technology and governance framework for trustworthy and commercially sustainable public-private...
New Project to Build a Climate-Resilient Landscape in Nigeria
The World Bank today approved a $700 million credit from the International Development Association (IDA)* for the Nigeria Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL)...