Tag: World Bank
$200 Million Grant Supported by the World Bank Will Help Repair Energy Infrastructure in Ukraine The World Bank announced $200 million in grant financing for a project that will repair...
The World Bank and the Government of Romania, through the Ministry of Finance, signed a EUR 60 million loan, following its approval by the Bank’s Board of Directors on March...
Agencia EFE and the World Bank have agreed to a partnership to boost coverage of climate change, inclusion and education in Latin America and the Caribbean. The agreement aims to...
The World Bank’s Board approved a new US$100 million equivalent loan for the Armenia Green, Resilient and Inclusive Development Policy Operation (DPO). The operation supports the 2021-26 Program of the Government of...
The World Bank approved $82 million to support the Climate-Resilient and Inclusive Livelihoods Project (ProClimat Congo) in the Republic of Congo. The total amount includes a $70 million loan from...
The World Bank Group Board of Executive Directors yesterday approved a new Country Partnership Framework (CPF) for Egypt, laying out the World Bank Group’s strategy in the country for FY2023–2027. The...
The First Green Transition Programmatic Development Policy Loan was approved by the World Bank’s Board of Executive Directors, providing EUR 149.9 million (US$160 million equivalent) in support of Serbia’s bolstered efforts to...
The World Bank’s Board of Executive Directors approved financing support in the amount of $12 million for the Scaling Solar 2 Project for Uzbekistan. The Project will help expand the country’s capacity...
To support the decarbonization of Senegal’s industrial sector, IFC announced a partnership with Sococim Industries, Senegal’s largest integrated cement manufacturer, which will boost low-carbon cement production, create jobs, and help...
The Government of Spain is providing a €100 million guarantee for a World Bank project aimed at repairing healthcare infrastructure and strengthening primary healthcare in Ukraine. The Health Enhancement and Life-Saving (HEAL...
The World Bank (International Bank for Reconstruction and Development, IBRD) priced a five-year $50 million, principal protected Emission Reduction-Linked Bond that provides investors a return linked to the issuance of...
The Water Sector Governance and Infrastructure Support Project was jointly launched by the Honorable Minister of Water Supply, Abdul Khan and World Bank Country Director for Maldives, Nepal, and Sri Lanka,...
Ethiopia has signed a landmark agreement with the World Bank’s BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL) that rewards community efforts to reduce carbon emissions by tackling deforestation and land and...
The World Bank issued a 3-year Chinese yuan denominated Sustainable Development Bond raising CNH 340 million (approximately US$50 million equivalent) due February 2026 while engaging with investors to raise awareness...
The World Bank has signed an agreement with four West and Central African nations worth $311 million to fund renewable energy projects. The funds will finance around 106 megawatts (MW)...
Ghana has become the second country in Africa after Mozambique to receive payments from a World Bank trust fund for reducing emissions from deforestation and forest degradation, commonly known as REDD+. The...
The World Bank has approved US$100 million in financing to support Barbados’ low carbon economic development and resilience to climate change. “I cannot underscore enough the necessity of support, such...
The World Bank recently approved a US$15 million in credit from the International Development Association (IDA), the World Bank’s program for the poorest countries, to help expand access to affordable housing...
The World Bank priced a new 5-year CAD 1 billion benchmark that matures on January 18, 2028. The World Bank launched the Sustainable Development Bond while raising awareness for the...
The World Bank is seeking to vastly expand its lending capacity to address climate change and other global crises and will negotiate with shareholders ahead of April meetings on proposals...
A one-stop-shop will offer Brazilian firms easier options to reduce their carbon footprint The World Bank Board of Directors approved a US$500 million project to expand sustainability-linked finance and strengthen...
Existing and prospective electricity customers in Chad, Liberia, Sierra Leone, and Togo will benefit from the new Regional Emergency Solar Power Intervention Project (RESPITE) approved for a total amount of...
The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa) issued an IDR 400 billion (USDeq. 25 million) 5-year Sustainable Development Bond due December 2027. This transaction is part...
The International Emissions Trading Association (IETA), the World Bank and the Government of Singapore announced the launch of the Climate Action Data Trust (CAD Trust), and that initial integration and connection with...
The World Bank has approved $250 million financing to help Bangladesh strengthen environment management and promote private sector participation in green investment. The Bangladesh Environmental Sustainability and Transformation (BEST) Project will support...
The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) issued an AUD 50 million 15-year Sustainable Development Bond while engaging with investors on the World Bank’s strategy, projects,...
The Global Green Finance Leadership Program (GFLP) provides a platform for an in-depth regional dialogue on best practices, inspiring innovations, and the challenges of scaling-up sustainable finance. It builds on...
The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a 4.75-year NOK 5 billion floating rate Sustainable Development Bond due June 2027 while engaging with investors on...
On Energy Day at COP27, the World Bank Group announced the creation of the Hydrogen for Development Partnership (H4D), a new global initiative to boost the deployment of low-carbon hydrogen...
Indonesia received an advance payment of US$20.9 million under the Emissions Reduction Payment Agreement between the Government of Indonesia and the World Bank’s Forest Carbon Partnership Facility (FCPF) for reducing emissions from...
The World Bank announced a new multi-partner fund that will pool funding from the global community — including donor countries, the private sector and foundations — for scalable pathways to...
Five states will be able to implement sustainable land management practices with World Bank support and under federal government coordination The World Bank Board of Directors approved a grant agreement...
The World Bank Group Board of Executive Directors approved South Africa’s request for a $497 million project to decommission and repurpose the Komati coal-fired power plant using renewables and batteries. The project...
Background The Africa Centers of Excellence project (ACEs) is the first large scale regional program funded by the World Bank in the higher education sector in Africa. It addresses higher-level...
Before Central Asia could recover from the impacts of COVID-19 and return to pre-pandemic levels of poverty reduction, the world was plunged into more uncertainty given the war in Ukraine...
2022 Annual Meetings The 2022 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) will take place in person from Monday, October 10, through Sunday, October 16...
The World Bank said on Monday it is launching a trust fund aimed at pooling public funds to provide grants for projects to reduce carbon emissions, including decommissioning coal-fired power...
The World Bank estimates that the project will reduce greenhouse gas emissions by 965,000 tons over 30 years. Project will strengthen railway network in Egypt, enhancing the country’s green transition....
At the 2022 General Assembly, the United Nations and the World Bank will convene global leaders to explore how new data ecosystems can unlock exponential value for the big challenges of...
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