Tag: World Bank
The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a 7-year benchmark bond that matures in January 2031. The Sustainable Development Bond raised USD 5 billion from...
Tapping Georgia’s vast renewable potential, developing its transport and logistics infrastructure, and supporting digital businesses could boost the country’s productivity and economic competitiveness, helping the country reach high-income status, according to...
The World Bank announced at COP28 a new Climate and Health Program to urgently respond to the rising negative health impacts of climate change in low- and middle-income countries. Through...
The world is not on track with meeting the Sustainable Development Goals (SDGs). As of 2022, 2.2 billion people lacked safely managed drinking water, 3.5 billion lacked access to safely...
Indonesian President Joko Widodo inaugurated a new floating solar plant on Cirata reservoir in West Java province. The 192 megawatt peak (MWp) plant is the third largest floating solar plant...
Building Green Could Reduce Carbon Emissions from Construction by 23 percent The transition to green construction could help reduce global carbon emissions in construction value chains by about 23 percent...
The U.S. Department of State, the Bezos Earth Fund, The Rockefeller Foundation, and the World Bank announced a strategic collaboration between the Energy Transition Accelerator (ETA) and the World Bank...
The government of Bangladesh and the World Bank signed a $300 million financing agreement to equip about 900,000 economically disengaged rural youth with skills and alternative education needed for employment...
The World Bank Board of Directors approved two new projects for Argentina. The first focuses on increasing access to financing for micro, small and medium enterprises (MSMEs) so that they...
The World Bank’s Board of Executive Directors approved $1.5 billion in financing to accelerate India’s development of low-carbon energy. The financing will help India promote low-carbon energy by scaling up...
The World Bank’s Board of Executive Directors approved $67.7 million to help finance the first phase of the Kyrgyz Renewable Energy Development Project that aims to increase renewable energy generation...
The World Bank Board of Directors approved a US$150 million loan to promote investment in green hydrogen projects in Chile, accelerating the country’s green growth, energy transition and supporting its...
The International Finance Corporation (IFC), a member of the World Bank Group, announced the signing of a green and sustainability-linked loan to ENGIE Energía Chile. This financing, for a total...
Finance Secretary Benjamin E. Diokno and World Bank Country Director for the Philippines Ndiamé Diop signed four (4) loan agreements amounting to US$1.14 billion on June 26, 2023 at the...
The World Bank has approved US$250 million in financing to improve the efficiency of water services in Jordan through the rehabilitation of water distribution networks, improving energy efficiency and strengthening...
The World Bank has priced a New Zealand dollar 950 million 3-year 5.00% fixed-rate bond due June 22, 2026. The benchmark bond was launched with an initial minimum target size...
A new project approved by the Board of the World Bank will help increase the use of renewable energy in public facilities in Türkiye. The $549 million Public and Municipal Renewable...
The World Bank approved a $100 million credit to strengthen Zambia’s nature-based economy and increase economic opportunities in emerging tourism destinations in the country such as Liuwa Plains National Park,...
The government of Bangladesh and the World Bank signed two financing agreements totaling $858 million to enhance climate-resilient agricultural growth, food security, and improve road safety. The $500 million Program on...
The World Bank Board approved $450 million in financing for the Türkiye Green Industry Project, to support an efficient green transformation for industrial firms in Türkiye. The operation will direct $250...
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