World Bank backs Morocco hydropower storage with $265m
RABAT, MOROCCO / MENA Newswire / – The World Bank has approved $265 million to support Morocco’s Ifahsa Pumped Hydropower Storage Project, a 300-megawatt clean...
Tag : World Bank
World Bank approves US$700 million loan for Jordan jobs
AMMAN, JORDAN / MENA Newswire / – The World Bank approved a US$700 million loan for Jordan to support private investment, job creation and economic...
Egypt secures $1 billion World Bank reform support
Egypt gains new World Bank funding to boost private sector jobs, strengthen fiscal stability and support greener growth goals nationwide....
Syria gets US$225 million World Bank water health aid
Syria will receive US$225 million in World Bank grants to rebuild water and health services after years of conflict damage nationwide....
ADB unveils fund to speed ASEAN power grid plans
MANILA: The Asian Development Bank has launched a new multi-partner trust fund with about $25 million in initial backing to accelerate preparation of cross-border energy and...
Gulf economies drive World Bank upgrade of 2025 regional forecast
World Bank upgrades MENAAP 2025 GDP growth to 2.8% on Gulf rebound and non-oil gains, but trims 2026 outlook amid global headwinds and regional instability....
Low income countries get $85 billion in MDB climate funds
MDBs reached $137B in climate finance in 2024, with $85.1B going to low and middle-income nations and private finance jumping to $134B....
Digital transformation in focus at World Bank Global Digital Summit
The World Bank Group’s Global Digital Summit highlights efforts to enhance digital public infrastructure and close the digital gap worldwide....
Global finance in turmoil as US commitment to IMF and World Bank wavers
US Treasury Secretary Scott Bessent’s absence at G20 fuels fears of an American retreat from the IMF and World Bank, raising concerns over global financial...
India remains a top investment hub as World Bank reaffirms confidence
The World Bank reaffirms confidence in India’s economic growth, citing strong resilience, investment appeal, and progressive policies that drive the country’s global economic leadership....